Business Organization Checkpoint

In: Business and Management

Submitted By islandgirl
Words 594
Pages 3
Checkpoint: Business Organization

Noel Lee-Lo Foundation of Business (BUS210) University of Phoenix, Axia College Prepared for: Edward Jeffreys

May 26, 2011

The joint-stock company is a connotation of characters in business originality with convenient shares of stock, greatly like a firm excluding that stockholders are accountable for the obligations of the corporate. It is likewise a form of company or partnership among two companies. Credentials of ownership are disputes by the business in reoccurrence for each input, and the investors are free to transmission their proprietorship concern at any time by vending their stockholding to others. Here are two types of joint-stock company, the open market and the private company. The stocks are typically only detained by the boards and Company Secretary, obligation for which they decide to be accountable. For instance, Microsoft Inc. represents this type of company. Apprehensive stockholders wait for newsflash about the Microsoft Inc. a joint-stock company. This is when joint-stock businesses are a method of corporation in which each colleague, or shareholder, is economically accountable for the performances of the business. A Limited Liability Company in the regulation of the enormous mainstream of United States authorities is a lawful method of Business Company that delivers limited liability to its proprietors. Limited Liability Company is a comparatively new business construction permitted by national decree. LLCs are widespread since, comparable to a corporation; proprietors have limited private liability for the obligations and activities of the LLC. Other landscapes of LLCs are further like a firm, providing administration suppleness and the advantage of permit through fiscal policy. Owners of LLC are known as members. Meanwhile most countries do…...

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