The Legal Structure of Business Environments
The legal structure a business chooses is vital to the way business operates. Decisions need to be made about how the tax is going to be paid, who will share out the profits and losses and what legal liabilities exist. A limited company exists as a legal entity in itself, separately from its owners or managers. Therefore, liability for debts is limited to the amount of issued share capital, whether the shares have been sold or not. The shareholders personal […]