Company: Difference between revisions

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imported>Charles Cresswell
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* [[Statutory company]]
* [[Statutory company]]
* [[Veil of incorporation]]
* [[Veil of incorporation]]


[[Category:Regulation_and_Law]]

Revision as of 16:25, 18 June 2013

An artificial legal person with a separate identity from its members.

Among other important benefits, undertaking business activities through a company enables the separation of day to day management from overall ownership and control, the easier transfer of ownership rights (in the form of shares), and limited liability for the shareholders.

In the US more commonly - though not always - known as a 'corporation'.

See also