• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Company law - case study on setting up a business.

Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  • Essay length: 2761 words
  • Submitted: 26/04/2004
Share this essay:
University Degree Commercial Law

The first 200 words of this essay...

B.1 (a)

The setting up of a business involves the creation of a corporation. A corporation is an artificial legal person created by law and thus has rights and obligations which must be adhered to by law. There are two distinct types of corporation. In the case of David, Eleanor, Frank and Gina their corporation would be a 'corporation aggregate'. A corporation aggregate consists of a number of persons who, in law, form a single person, the single person would be DEFG (Boatcraft) Limited. Corporations aggregate can be further broken down into three different types of companies; chartered companies, statutory companies and registered companies.

DEFG would come under the category of registered companies and are formed under the relevant company legislation, currently the Companies Act 1985.

The four friends want their company to be a limited company and therefore their company would be a private company.

The promotion of a company is concerned with taking the steps necessary for incorporation. The promotion of small private company will normally, although not exclusively, be carried out by the owner or owners of the pre-incorporated business (www.godloves.co.uk).

An application

Read more
The above preview is unformatted text

Found what you're looking for?

  • Start learning 29% faster today
  • Over 150,000 essays available
  • Just £6.99 a month

  • "
    This website has been a major help to me--I don't know what I would have done without it. You can depend on Markedbyteachers.com for solid, dependable essays.
    "
    Sabrina, Washington. IB English, History, Chemistry, Anthropology.
  • "
    A fantastic website, it's also convenient to use, user-friendly, and has excellent customer services.
    "
    Lex Fawste. English, Biology, Physics, Maths, and Chemistry. A Level Student.

Marked by a teacher

This essay has been marked by one of our great teachers. You can read the full teachers notes when you download the essay.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review on the essay page.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review under the essay preview on this page.