Association. A business with more than one owner who actively participates in the management of the business. You can – in the eyes of the law – be a partnership, even if you don`t write a partnership agreement. There is also a form of „limited partnership” business where general partners actively manage the affairs of the corporation and limited partners are passive investors who are not allowed to participate in the management of the corporation (and who have a limited financial commitment). Company Benefits: • The shareholders of the company have limited liability, which means that the company is responsible for all liabilities incurred by the company. • Generally favorable training for investors. A type of business entity owned and managed by a person – there is no legal distinction between the owner and the business. Sole proprietorships are the most common legal form for small businesses. limited liability company „societate cu raspundere limitata” (SRL); Joint stock company „societate pe actiuni” (SA); The law treats a company as a legal „person” that has the right to sue and be sued, as opposed to its shareholders.
The legal independence of a company prevents shareholders from being personally liable for the company`s debts. It also allows shareholders to sue the company through a derivative suit and makes ownership of the company (shares) easily transferable. The legal „personal status” of companies gives eternal life to the company; The death of civil servants or shareholders does not change the structure of the company. Commercial companies are called Kaisha (会社) and are incorporated under the Companies Act of 2005. There are currently (2015) 4 types and each of them has legal personality: a company is a separate legal entity and separate from its owners. Businesses enjoy most of the rights and obligations that individuals possess: they can enter into contracts, lend and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some call it a „legal entity.” means a company with unlimited liability of its members (i) restricts the right to transfer its shares; (ii) limit the number of its members to fifty; also; (iii) prohibits any public solicitation of subscriptions to shares or bonds of the Company. A corporation is a legal entity established by the laws of its founding state. Each state has the power to enact laws on the creation, organization and dissolution of enterprises. Many states follow the Model Business Corporation Act.
(See Minnesota`s adoption.) State corporation laws require that the articles of association document the incorporation of the company and contain provisions on the management of internal affairs. Most Crown corporation laws also require each corporation to make regulations to define the rights and duties of officers, individuals and groups within its structure. States also have registration laws that require companies that set up in other states to apply for permission to conduct business in the state. There is another important form of business – a „not-for-profit corporation” or a „not-for-profit corporation” – for organizations founded for the benefit of the general public, such as schools and philanthropic organizations. Most types of legal entities are regulated in a modified version of the original version of the Dutch Burgerlijk Wetboek. Şahıs şirketleri ≈ partnerships (Unlike partnerships in Anglo-American law, they also have legal personality such as companies) A company is a legal entity established in accordance with the Companies Ordinance 1984. It can have a share capital or be formed without social capital. As an indication, in most cases, approximate equivalents in the company law of English-speaking countries are given, for example: Note: Each of these entities can be integrated as a „Variable Capital” entity, in this case, the sufix „de C.V.” must be added to the name of their company. Example: „S.A. de C.V.”, „S. de R.L. Liability: LLC members are protected from personal liability for the company`s debts and claims, a feature known as „limited liability.” When a limited liability company owes money or faces a lawsuit, only the assets of the company itself are at risk.
Creditors may not access the personal property of LLC members except in cases of fraud or illegality. LLC members should exercise caution so as not to „penetrate the corporate veil,” which would expose members to personal liability. For example, LLC owners should not use a personal checking account for business purposes and should always use the LLC company name (not the owner`s individual names) when working with customers. However, the rules applicable to certain types of businesses, even if they are described as approximately equivalent, differ from one province or province to another. When setting up or restructuring a company, legal responsibilities depend on the type of business entity chosen.  In real estate corporations, ownership or membership may be acquired either in the immovable property or in a legal or natural person, depending on the form of the company. In many cases, membership or ownership of such a company is mandatory for a person or property that meets the legal requirements for membership or wishes to engage in certain activities. .