Read e-book online Business law and practice : [2010/11] PDF

February 27, 2018 | Business | By admin | 0 Comments

By Trevor Adams; Christopher Morris

ISBN-10: 190762404X

ISBN-13: 9781907624049

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Extra info for Business law and practice : [2010/11]

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6 Limited liability partnership (LLP) This is a new business format created by the Limited Liability Partnerships Act 2000. An LLP is a hybrid between a partnership and a limited company. It is intended to offer the protection from liability of a limited company and the informality of a partnership. Most LLPs are professional firms who converted to this format from partnership to protect themselves from personal liability. See Chapter 18 for further details. 7 Limited partnership These are formed under the Limited Partnerships Act 1907.

Under s 9, the requirements are to file: (a) the memorandum, giving details of the subscribers and signed by them; (b) an application for registration, specifying matters such as the proposed name of the company, registered office, whether the company is limited by shares or guarantee, and whether the company is private or public; (c) a statement of capital and initial shareholdings, which replaces the authorised share capital; (d) a statement of the proposed officers, including directors and secretary, if any; (e) the address of the registered office; (f) a copy of the articles of association, or a statement that model articles are being used; and (g) a statement of compliance (s 1068).

The principal legislation controlling companies is the CA 2006. The framework of the Act is as follows: 1. Company formation ss 7–16 2. Articles of association ss 18–27 3. Company’s constitution ss 29–38 4. Power to make contracts and doing business generally ss 39–52 5. Name and type of company ss 53–85 6. Registered office ss 86–88 7. Company’s members ss 112–128, 145–153 8. Directors ss 154–246 9. Company secretary ss 270–289 10. Resolutions and meetings ss 281–361 11. Accounts and reports ss 380–484 12.

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Business law and practice : [2010/11] by Trevor Adams; Christopher Morris

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