The size and scope of the business firm and its structure, management, and ownership, broadly analyzed in the theory of the firm. Generally, a smaller business is more flexible, while larger businesses, or those with wider ownership or more formal structures, will usually tend to be organized as corporations or (less often) partnerships. In addition, a business that wishes to raise money on a stock market or to be owned by a wide range of people will often be required to adopt a specific legal form to do so.
Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person". This means that unless there is misconduct, the owner's own possessions are strongly protected in law if the business does not succeed.
Artemis Resources will undertake a high resolution, low level, airborne magnetic survey targeting gold-copper mineralisation at its Armada prospect located near the Telfer mine in the eastern Pilbara region of WA. The 600 square kilometre tenement holding is effectively surrounded by Greatland Gold’s Havieron project where recent diamond drilling returned an amazing intersection of 275 metres grading 4.77g/t gold and 0.61% copper from 459m down-hole.
Charter corporations: Before the passing of modern companies legislation, these were the only types of companies. Now they are relatively rare, except for very old companies that still survive (of which there are still many, particularly many British banks), or modern societies that fulfill a quasi-regulatory function (for example, the Bank of England is a corporation formed by a modern charter).
The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law. It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys due to sprawling regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law on copyrights, patents, trademarks, telecommunications law, and financing.
A limited liability company: "A company—statutorily authorized in certain states—that is characterized by limited liability, management by members or managers, and limitations on ownership transfer", i.e., L.L.C. LLC structure has been called "hybrid" in that it "combines the characteristics of a corporation and of a partnership or sole proprietorship". Like a corporation, it has limited liability for members of the company, and like a partnership it has "flow-through taxation to the members" and must be "dissolved upon the death or bankruptcy of a member".
Russell and his team provided Walcon’s UK based owners with outstanding service in preparing an evaluation that exceed expectations whilst bringing a number of potential clients from his database virtually immediately to view the company. Once sold, we were surprised to see how easy the ownership transition was with PBS looking after all legalities ensuring a smooth transition from one equity owner to the other. We have no hesitation in recommending Russell and PBS for business sale transaction and thank the team wholeheartedly for their support through the sale process.
If you are an approved foster carer (formal kinship carer in Scotland) you may be allowed an extra bedroom when working out your Housing Benefit as long as your home has the extra room needed. This applies whether or not a child is placed with you or you are between placements, so long as you have fostered a child, or become an approved foster carer, in the last 12 months.