Associative Entities

The corporate veil is defined as a legal concept that separates the personality of a corporation from the personalities of its shareholders, and protects them from being personally liable for the company 's debts and other obligations. The corporate veil is pierced through legal decision which treats the rights or duties of a corporation as the rights or liabilities of its shareholders. There are several circumstances in which the courts will consider piercing the corporate veil: 1) fraudulent representation

Sole traders Sole traders are any businesses that are owned and controlled by one person which they are entitled to keep all profits. Examples of sole traders can be hairdressers, newsagents and window cleaners. They do not have a separate legal existence from the business, in the eyes of the law in that they are personally liable for all the businesses debts. This means that if the business can pay someone or pay its debt, that will mean the sole trader will have to use its own personal money. This

On chapter 17 “Small Business Organizations” we learnt about the different types of small business organizations at the eye of the law, sole proprietorship, partnerships and franchises. We’ll focus on the first as it’s the one related to the Case at law we’ll review later. A sole proprietorship is a business owned and operated by one person which is not registered as a corporation or a limited liability company, there is no legal distinction between the individual and the business owner which means

This essay will explain the concepts of separate personality and limited liability and their significance in company law. The principle of separate personality is defined in the Companies Act 2006(CA) ; “subscribers to the memorandum, together with such other persons as may from time to time become members of the company are a body corporate by the name contained in memorandum.” This essentially means that a company is a separate legal personality to its members and therefore can itself be sued and

Nowadays, English has a significant role in the society. Person in the world has been aware about the usefullness of English because of that role. The people are enthusiastics to be able to use English in their lives. Therefore, the major of English has been one of the most favorite majors for the learners, especially in the university level. Moreover, this fact makes a great impact on the number of the learners that want to take major of English. In learning English, actually, the learners will

1a) This assignment is based on Homewares Ltd whose director is Peter. I will be looking at the legal obligations peter has to oblige to as the director of the company. Also I will be advising where they stand legally now the company is facing liquidation. Lastly I will advise Peter on what business type would be most suited to him and the new company he wants to open. Tracey and Tina are also directors of the company so I will be discussing what their roles should contain of as directors To make

Introduction This essay will examine the legal standing of the doctrine of 'separate legal personality ' as it was developed in Salomon v. Salomon & Co Ltd [1897] AC 22. Even though this doctrine is the stone head of the English company common law, the courts introduced several exceptions which undermined the 'veil of incorporation '. The exceptions were firstly introduced in the mid-60s by Lord Denning in Littlewoods Mail Order Stores Ltd. V IRC [1969], and allowed the court to lift the veil

The legal principle on company law established by the case “Salomon v Salomon & Co Ltd” is that a company upon incorporation is a body corporate which is recognized by law to have a separate legal entity from its members and officers. The company and members are two separate bodies. This is known as the veil of incorporation. Thus, the debts of the company cannot be recovered from its members. For example, the debts of the company cannot be recovered from its member. Rather than the director or its

FCUK FRENCH CONNECTION French connection (also branded as FCUK) is a UK- based global retailer and wholesaler of fashion clothing, accessories and home ware. It was founded in the early 1970s by Stephen a mark, who remains the chief executive; it is based in London and its parent French Connection PLC is listed on the London stock exchange. French Connection distributes its clothing and accessories through its own stores in the UK, US and Canada and through franchise and wholesale arrangements globally

Language is a powerful ensemble of instruments that all eject different tones. How instruments are played, effect the tone that is given. The way language is used affects the feelings that are released. The power of language has different uses: it can hurt or heal, it can destroy relationships or build new ones, it can make a girl feel like nothing or make her feel as though she is on top of the world. No matter what language is used for, it can make a huge impact, how language is used determines