Types of companies: Difference between revisions

Latest revision as of 11:41, 12 June 2012

DISCLAIMER Consumerium does not offer legal advice so we take no responsibilty of any errors in this page nor the damage those errors might cause you or your loved ones so sue someone else if you really must DISCLAIMER

THIS ARTICLE HAS BEEN WIKIPEDIAFIED FOR THE GREATER GOOD OF THE GFDL PART OF THE WORLD. See w:Types of business entity for what grew of this wikipediafication.

Please help, if you can in translation work of these types of companies

Public Limited Liability Company or PLC[edit | edit source]

(also Inc in US_en)

Publicly tradeable shares
The owners are _not_ liable for legal actions and debts the company may face
Managed by a CEO elected by a Board of Directors (Board) which in turn is elected by the share holders in scheduled meetings.
Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason
Usually listed in one or many w:Stock exchanges
Rules of stock exchanges define some minimums to capital, cash flow and market value for PLCs to be viable for trading

Limited Liability Company or LLC[edit | edit source]

(also LTD in UK_en and Inc in US-en)

Non-publicly tradeable shares
The owners are _not_ liable for legal actions and debts the company may face
Managed by a CEO elected by a Board of Directors (Board) which in turn is elected by the share holders in scheduled meetings.
Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason

Genral Partnership[edit | edit source]

Formed by two or more persons
The owners are all liable for legal actions and debts the company may face _personally_

Limited Partnership[edit | edit source]

Like a General Partnership exept for the fact that there is/are so called silent partners who just invest capital into the business and are not liable for legal actions and debts the company may face

Sole Trader[edit | edit source]

A sole trader is liable for legal actions and debts personally

I think these last ones are not so commonplace

Co-operative[edit | edit source]

There are two kinds of Co-operatives,

those owned collectively by the customers
those owned and managed collectively by the Workforce

==Limited Liability Partnership== (In UK at least, very new)

You'll have to see the UK law books about this one

@@ Line 1: / Line 1: @@
-==[[Co-operative]]==
+<tt>[[DISCLAIMER]] Consumerium does not offer legal advice so we take no responsibilty of any errors in this page nor the damage those errors might cause you or your loved ones so sue someone else if you really must [[DISCLAIMER]]</tt>
-There are 100000 kinds of Co-cocks,
-#Hoes pwned collectively by the customers who masturbate their pet sheep
-#Hoes pwned and managed collectively by the Workforce and they are all n00b$ and i rulz
-| 0wn3d u n00bz
+'''THIS ARTICLE HAS BEEN WIKIPEDIAFIED FOR THE GREATER GOOD OF THE GFDL PART OF THE WORLD. See [[w:Types of business entity]] for what grew of this wikipediafication.'''
+'''Please help, if you can in [[wiktionary:Appendix:Types_of_companies|translation work]] of these types of companies'''
-my bellend is raw it got stuck in a door it got glued to a floor, it got slamed in a draw, it got raped by a whore, it got scratched by a cats paw it had aids that my nan saw.
+==[[Public Limited Liability Company]] or [[PLC]]==
+ (also [[Inc]] in US_en)
+*Publicly tradeable shares
+*The owners are _not_ liable for legal actions and debts the company may face
+*Managed by a [[CEO]] elected by a [[Board of Directors]] (Board) which in turn is elected by the [[share holder]]s in scheduled [[share holder meeting|meetings]].
+*Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason
+*Usually listed in one or many [[w:Stock exchange]]s
+*Rules of stock exchanges define some minimums to capital, cash flow and market value for PLCs to be viable for trading
+==[[Limited Liability Company]] or [[LLC]]==
+ (also [[LTD]] in UK_en and [[Inc]] in US-en)
+*Non-publicly tradeable shares
+*The owners are _not_ liable for legal actions and debts  the company may face
+*Managed by a [[CEO]] elected by a [[Board of Directors]] (Board) which in turn is elected by the [[share holder]]s in scheduled [[share holder meeting|meetings]].
+*Extra share holder meetings can usually be called up if enough share holders deem it necessary for some reason
-OMG^^^^^pr0 :p
+==[[Genral Partnership]]==
+*Formed by two or more persons
+*The owners are all liable for legal actions and debts the company may face  _personally_
-this is gona get sum random shit......rape my chicken...corrrrr
+==[[Limited Partnership]]==
-MEAT
+*Like a General Partnership exept for the fact that there is/are so called '''silent partners''' who just invest capital into the business and are not liable for legal actions and debts the company may face
-#i wedgied ur nan!!
+==[[Sole Trader]]==
-#
+*A sole trader is liable for legal actions and debts personally
-#Hello again mush!
-WORK
+I think these last ones are not so commonplace
-#Report On Legislation
-Data Protection Act
+==[[Co-operative]]==
-The Data Protection Act came into action in 1984, which made it illegal for businesses to pass on information on their customers as this could be used for illegal purposes.
+There are two kinds of Co-operatives,
-The Data Protection Act covers information when it is gathered, stored, processed and disclosed. It also only shows the companies the knowledge they need to know about you.
+#those owned collectively by the customers
-Information like address details are shown for something like membership details. This information couldn’t be given out to other companies, but could be kept in the records for future registration if it was agreed by the customer.
+#those owned and managed collectively by the Workforce
-Computer Misuse Act
-The Computer Misuse Act came into action in 1990 enforcing the right to have data remain safe and free from attack from external users.
-Ways of breaking the Act are by gaining unauthorised access to computer material, Unauthorised access with intent to commit or facilitate commission of further offences and Unauthorised modification of remote data.
-In basic terms this means you are committing an offence if you send or distribute viruses, remote attacking with Trojan horses or steal personal information through the use of key loggers.
-Copyright Designs and Patents Act
+==[[Limited Liability Partnership]]== (In UK at least, very new)
-The Copyright Act protects all software (Designs) and patents (hardware.) This makes it illegal to copy software and use hardware patents, without the permissions from the creator.
+*You'll have to see the UK law books about this one
-Copying software is relatively easy and many people break this law, but few are found out. You are allowed to make 1 personal backup in case your copy of the software gets damaged or just doesn’t work.
-Films which are first released in cinemas are about 6 months earlier than DVD releases so people try to record these from the cinema. Due to this law, it is illegal, and now shows a warning at the beginning of each film. Copyrighting isn’t all computerised as you can copy books which are copyrighted and names which are copyrighted.
-Health and Safety Act
+[[Category:Wikipediafied]]
-The Health and Safety Act makes the flaws in offices and areas of computer use an offence if they do not reach a certain standard.
-If there are trailing cables then it must be notified to everyone in that workplace as they then are warned and any damage done to themselves is their fault.