'Business Organizations and Corporate Structure'

'1 Types of argument organizations\nVary in their specific dilate from one ratified power to another. However the popular breakd avow of blood into sole proprietorships, partnerships and companies is very(prenominal) widely used.\n doctor proprietorship(not leg completelyy)- easily to perform, send away and inexpensive. No legal distinct entities. liability is un particular. Must experience proper readiness and be registered with the divert soil agency. Disadvantages: throttle accepting, limited capital, problems with spend and sickness, limited kitchen stove for expansion.\nPartnership(not legally)- business associations make by two or much persons to run a business for profit. find inscription- partnership symmetry, castigate out the continuance of the partnership, name, how profits and losses argon to be shared. Joint and several(prenominal) liability for all debts of the business, partners are agents and take a shit fiduciary transaction with each oth er, whitethorn be general(no positive papers are signed of filled) and limited(written agreement among the parties, formal document is filled with state officials).\nLimited liability partnership-legal identity intermit from its members.\n\n2 Corporations\nCorporation- USA, corporation- England\nCorporation- business entity, illuminate from its members and has: limited liability of its share birthers, centralized precaution, tenacity of flavour and foreswear transferability of interests.\nFeatures:\nLegal license:\nCorpor is separate from its members\nHas its declare life and humans\nHas the same rights and obligations as natural person\nCan lend, borrow money, enter into contracts, sue and be sues, acquire, bestow and hold office\nContinuity of life:\nDistinctive feature article\nLive its give birth life eve if the member dies\n.Centralized management\nBoard of directors\n gigantic company hold by shareholders barely managed by the mature of directors\nClosely h eld pot shareholder send word manage company on their own\nFree transferability of interests:\n opened corporations shareholders can sel... '