Legal structure of businesses

MODULE 1 ,[object Object],Legal Structure

Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object]

Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sole Trader ,[object Object],[object Object],Legal Requirements on Formation

Sole Trader ,[object Object],[object Object],[object Object],[object Object],Relative Advantages

Sole Trader ,[object Object],[object Object],[object Object],[object Object],Relative Disadvantages

Sole Trader Relative Disadvantages ,[object Object],[object Object],[object Object],[object Object]

Partnership ,[object Object],[object Object],[object Object],[object Object]

Partnership ,[object Object],[object Object],[object Object],[object Object],Legal Requirements on Formation

[object Object],[object Object],[object Object],[object Object],[object Object],Relative Advantages Partnership

[object Object],[object Object],[object Object],[object Object],[object Object],Relative Disadvantages Partnership

[object Object],[object Object],Partnership NB

Limited Companies ,[object Object],[object Object],[object Object],[object Object]

Limited Companies ,[object Object],[object Object],[object Object],Private Limited Companies

Limited Companies Private Limited Companies ,[object Object],[object Object]

Limited Companies Public Limited Companies ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],Relative Advantages Limited Companies

[object Object],[object Object],[object Object],Relative Disadvantages Limited Companies

[object Object],[object Object],[object Object],[object Object],Relative Disadvantages Limited Companies

Limited Companies Legal Requirements PRIVATE PUBLIC Must submit to the REGISTRAR OF COMPANIES (at Companies House, Cardiff): FORM 10 & FORM 12 Director & Secretary Details + Registered Office. Director(s) signature(s) witnessed by legal person. MEMORANDUM OF ASSOCIATION Authorised Share Capital, Objects (activities), Name(s) of original subscriber shareholders. ARTICLES OF ASSOCIATION Internal rules eg Directors powers, conduct. Name(s) of original subscriber shareholder(s) Issued a CERTIFICATE OF INCOPORATION Can START TRADING Must produce a PROSPECTUS (history, prospects, invitation to buy shares) Must issue SHARES to the value of at least £50,000 (of which a quarter must be paid) Must then receive a TRADING CERTIFICATE from Registrar of Companies before it can start trading

- END - ,[object Object],Legal Structure

Legal structure of businesses

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