Higher National CertificateBusiness & FinanceModule: Business & Company LawAssignment 21267 wordsC O N T E N T SPage 1 ??????????ContentsPage 2 ????????.......Assignment OutlinePage 3 ??????????Part (a)Page 4 ??????????Part (b)Page 5 ??????????Part (c)Page 7 ??????????BibliographyPage 8 ??????????AppendicesGeorge is a self employed car dealer who has decided to take his business. He has been rede that he can incorporate by registering his own mystical partnership limited by shares. In addition, George has been told that if he chooses to incorporate his business, the company will be treated as a separate well-grounded soulfulness.
(a) List and explain the purpose of the documents that George would grow to submit in order for him to register a tete-a-tete company limited by shares.
(b) Explain the meaning of the bearing ?a company is a separate legal person? and state what practical effect incorporation will fill on the conduct of George?s business.
(c) By reference to grimace law, legislation and/or your own examples, explain the circumstances in which the courts will ignore the separate legal personality of a company.
(a)In order for George to incorporate his business he must come across the registration process set out in the Companies strike 1985.
The purpose of the registration process is to prevent fraud, provide a public record of businesses and to ensure a business is financially workable, has a sound chance of success and is reliably managed for legal reasons.
In order for George to register his business as a private company limited by shares the following documents must be submitted to the Companies Registry along with the required fee:1) scroll of AssociationThe Memorandum of Association sets out what the company is going to do. It should contain the company name, where the registered office of the company is located and what the objective of the business is. It should also...
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