Comparative Study of Company Law

4256 Words Feb 6th, 2018 17 Pages
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 the company that is governed by corporate law. Companies that are widely spread with great monopoly are always listed publicly on the stock exchanges in all part of the world. Depending on the form, single individuals who are referred to as sole traders also have the opportunity to incorporate themselves and limit their ability so that they have the chance of continuing with the business. These various forms of companies rely on the particular law of their countries or the country of its location. Company laws were originally derived from the common law of England though it has significantly evolved in the 20th Century. Countries that practice common law address different forms such as Limited Company, Corporation, Unlimited Company, Limited Partnership, Limited Liability partnership, Partnership, Not-for-profit Corporation and Sole Proprietorship. Most of the countries have forms of business entity that is unique to their country. Some of the examples being limited liability…
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