TAILIEUCHUNG - Lecture Fundamentals of business law (4th): Chapter 4 - Margaret L. Barron, Richard J.A. Fletcher

Chapter 4 - Business organisations. At the end of this chapter you should understand: the essential characteristics of sole traders, partnerships, joint ventures, associations, companies, and trusts; the legal obligations imposed on each type of business entity; the liability of the parties involved in each type of business entity;. | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 4- Copyright © 2000 McGraw-Hill Australia Business organisations Chapter 4 Definitions Sole trader - The business is owned and operated by one person with all profits or losses attributed to the owner. Partnership - A relationship between two to twenty persons who carry on business in common with a view to a profit. Joint venture - Usually a one-off enterprise with participants receiving profits separately, based on contractual agreement. Unincorporated association - A body of two or more persons who are organised for a particular purpose, which may or may not include the purpose of carrying on a business with a view to a profit. 4- Copyright © 2000 McGraw-Hill Australia Definitions Incorporated association – A body of two or more persons who are organised for a particular purpose, which may not include the purpose of carrying on a business with a view to a profit. Company – An incorporated body created by a process called “incorporation”, regarded by law as a separate legal entity. Trust – A relationship recognised by the law of equity, where a trustee holds property for a beneficiary or beneficiaries. 4- Copyright © 2000 McGraw-Hill Australia Formation Sole trader - Simple, with little documentation Partnership - Partnership agreement recommended; easy to form Company - Relatively high establishment and compliance costs Trusts - Relatively high establishment costs 4- Copyright © 2000 McGraw-Hill Australia Control Sole trader – Makes all the decisions Unincorporated Association – Control rests with committee of associates 4- Copyright © 2000 McGraw-Hill Australia Management Sole trader - In hands of individual; difficult to achieve absences from business Partnership - Leave other partner in charge when absences required Association - In hands of committee of the association Company - Undertaken by Board of Directors Trusts - Undertaken by trustee 4-

• Kinh tế học
• Business law
• Fundamentals of business law
• Contract law
• Consumer law
• Marketing law
• Business organisations
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Criminal law
• Business crime
• Classification of law
• Law of torts
• Luật Kinh doanh
• Lecture Fundamentals of Business Law
• The law of torts
• Law of marketing
• Administrative law
• Administrative agency
• Constitutional law
• Constitutional principles
• Tort law
• Classification of torts
• Business organizations
• Antitrust law
• Antitrust law rationale
• Joint venture law
• Advertising Law
• E commerce law
• Property law
• Insurance law
• Consumer credit law
• Competition law
• Intellectual property law
• Bankruptcy law
• Employment law
• Workplace relations law
• Work health law