Legal Forms of Business Organizations - Zgardan Alexandru

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Different approaches concerning forms of business organizations: Common Law countries – use the term “company” for limited liability companies and corporations Civil Law countries – use more formalities for the registration of “companies” – the term is used almost for all forms of business, besides sole proprietorships (but even these have to be registered in public register) What are the three main forms of business organization, and what factors should a company’s owners consider when selecting a form? Sole proprietorships Partnerships Corporations ...