During the first
courses of business English we look into companies and company formation, also
from the point of view of legal English, or company law.
A company is a
business association which has the character of a legal person, distinct from its officers and shareholders. This is
significant because it insulates the owners against personal liability. However, in some instances, for example when
the company is used to perpetrate fraud
or acts ultra vires (unauthorised,
beyond a person’s legal power), the court may lift the corporate veil (separation between the corporation and its
shareholders such that the shareholders will not be held personally liable for
corporate debts) and subject the shareholders to personal liability.
I will develop these
further with issues concerning company formation.
Start business English for 300 lei a month!
Oferim 100 de lei reducere daca aduceti un prieten la cursurile noastre.
Oferim 100 de lei reducere daca aduceti un prieten la cursurile noastre.
Contact:
Web: www.cursinengleza.ro I www.engleza-de-afaceri.ro
Tel: 0722.841.053
E-mail: contact@engleza-de-afaceri.ro.
No comments:
Post a Comment