Companies law

Introduction Company law (also be referred to as the law of business associations) can be described as the field of law concerned with the daily running of companies as well as business organizations. It entails partnerships, corporations as well as some of the associations that always deal in economic or charitable activity. Corporations are the highly prominent kinds of companies, they have separate legal personality and its investors have limited liability for whichever losses that occur in

Directors’ Duties and Company Law Introduction A managing/ executive director is the chief day-to-day manager of the company’s affairs who is directly involved in the management of the company. A company on the other hand, is a voluntary association of person formed for doing some business and can be either public or private. Law according to (Gates 2002) is the set of rules that guides our conduct in society, is enforceable through public agencies, and obeyed because of the belief that they are

the company is successfully registered, it becomes a separate legal entity which is different from its directors, owners, and shareholders. The company could have its own right and asset, and also property. Meanwhile, the money and resources of the company could only be used for business purpose. Even the directors can’t use the company’s asset for private uses. (Guides to obligations of proprietary limited companies 2012). According to the case, the four people want to establish a company which

Company Law: Assignment 1. Advise Sarah and Jane of the advantages and disadvantages of operating their business: a. Separately b. Sarah Jane Pty Ltd c. Sarah Jane Ltd Separately -less cost to set up the business -easy to comply with legal requirement under the corporation act Disadvantages: -you are there on your own unlimited unlimited liability her own asset could in danger as the result of breaches in contract and in tort The advantage of Sarah Jane Pty Ltd: Sarah, Jane and their employees

Companies and partnership law assessment Question1: Liability is made of contractual liability and tort liability. Creditors have only one opportunity to sue partners who have jointly liable for contractual obligations . However, creditors can sue several times in tort liability. There are different situation in the contract about the liability. Firstly, if the partner signs contract with actual authority and for purpose of the partnership , so all partners have jointly liable . Secondly, if the

resources, in addition to challenges relating to customers (Acadia Multi-Media Case Management System(AMCMS), 2010). In point of fact, unless he makes the relevant changes, the “troubles” enunciated above make result to undesirable effects to the company. On the other hand, Gina Haverstock, also practices change management as part the normal day. In actual fact, this is because during the harvest times especially, Gina Haverstock, is involved in an assortment of decision making endeavors as pertains

1. A company has a separate legal personality from the members in the company so in law it has separate rights and liabilities. The company can enter contracts and own property which wouldn 't make the members of the company liable only the company itself. The case which illustrates this is Salomon v Salomon & co (1897) Salomon formed a limited company to take over his business, himself, his wife, his daughter and four of his sons each subscribed for one share. When the company fell on hard times

1A. During the Merger of AB and YZ into MN, an issue relating to licence keys will arise because of the Copy Right Act of 1988. This is as the software that was previously licenced to both companies has now become invalidated due to the fact it was licenced to each individual and respective company, but not MN as a whole. Therefore any software used in the development and hosting of the database and website, will now have to be renewed. For the merging of the systems and newly built website,

n the present unpredictable business industry promoting plays a key and critical part and it is a procedure or technique to make, convey, trade and speak with clients and customers. The system recognizes the prerequisites, needs, desires of a specific client base and makes strategies and offerings to fulfill that client base. In the present circumstance the complete business is client driven and the advertising spins around fulfilling the client at each conceivable open door. Whatever the organization

1.2.3 Uppsala Model/Internationalisation Process However, “The Uppsala Internationalisation Model” (Johanson & Vahlne, 1977, 1990), argues that organisations grow through incremental or gradual process by gradually increasing their internationalisation activities as they gain more experience and learning. Organisation they believe commit more resources as they gain more knowledge a certain market by first investing in close psychic distant market, (Banalieva & Santoro, 2009; B Elango, 1998; Balasubramanian