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User:Jukeboksi/BBA studies/Law
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= Types of business entity in a nutshell = A '''[[w:business|business]]''' ( [[w:fi:yritys]] )may be one of the following: * '''Private incorporated ( Inc. LLC. Ltd. )''' [[w:fi:Osakeyhtiö_(Suomi)#Yksityinen_osakeyhti.C3.B6_.28oy.29|Yksityinen osakeyhtiö, Oy]] ) * '''Public incorporated ( PLC. )''' ( [[w:fi:Osakeyhtiö_(Suomi)#Julkinen_osakeyhti.C3.B6_.28oyj.29|Julkinen osakeyhtiö (oyj)]] ) *A '''[[w:Cooperative]]''' ( [[w:fi:Osuuskunta]] ). '''Obs.''' there are cooperatives owned by their workers __and__ cooperatives owned by their customers. * A "person" company such as ::**A '''[[w:Sole proprietorship]]''' ( also known as the [[w:Sole trader]] ) ( [[w:fi:Toiminimi]] ) ::**A '''[[w:General partnership]]''' ( [[w:fi:Avoin yhtiö]] ) ::**A '''[[w:Limited partnership]]''' ( [[w:fi:Kommandiittiyhtiö]] ) ----- "All companies are businesses, but not all businesses are companies." -- jubo-jubo ::* '''"Incorporated"''' means it forms a '''[[w:legal personality]]''' ( [[w:fi:oikeushenkilö]] ) of its own and :::the owners are <u>'''never liable'''</u> for it's liabilities. ::* '''Non-incorporated''' ( [[w:fi:henkilöyhtiö]] ) there is at least one person who has <u>'''personal liability'''</u> for the liabilities of the business. The [[w:silent partner]] ( hiljainen yhtiömies ) in a limited partnership does not have liability for the businesses liabilities. Examples of three competing players using different forms of business can be found in Finnish daily * The S-group customer owned cooperative * the K-Group is a PLC ( Kesko Oyj ) with Ltd's owned by the merchants. * Parent company of [[w:Lidl]] is a [[w:Stiftung]] ( [[w:fi:Säätiö]] ) and Lidl Suomi is a limited partnership Further information: [[w:Types of business entities]] ( Contains list for all types of businesses for all [[w:locale]]s )
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