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Essay / Research Paper Abstract
A five page paper which looks at several options with regard to the formation of a company in the UK, and the ways that the Human Rights Act and the Data Protection Act will affect relations between employers and the workforce.
Bibliography lists 9 sources
Page Count:
5 pages (~225 words per page)
File: JL5_JLlimlia.rtf
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Unformatted sample text from the term paper:
different ways in which an individual or a group of people can set up a company in the UK, such as forming a partnership, a public limited company, a private
limited company or a limited liability partnership. All of these different forms of organisation have their advantages and disadvantages, depending on the needs and requirements of the trading group concerned.
A partnership, for
instance, consists of two of more people who both take part in policy-making with regard to the business, jointly own its assets, and share in the profits and the debts
of the company. Such shares are not necessarily equal, however. If one partner defaults on payment, then the others are responsible for covering the outstanding amount. According to the Partnership
Act 1890, a partnership is simply defined as the relation . . between persons carrying on a business in common with a view of profit.
A private limited company is slightly different from
a partnership, in that it is recognised as being a separate entity in its own right from those who are involved in it, such as directors and shareholders. Policy making,
however, is in the hands of either directors or shareholders depending on the companys constitution and there are specific policies regarding the way that decisions are made if they are
to be valid. Private companies in the UK are registered with Companies House and once this has been done, the company becomes a separate legal entity in its own right.
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