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  • Candelaria Laso Tp. Business Basics

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    There are several types of companies that can be formed in the UK. The key questions to ask are what type of business is being started, if it will be started alone or with others, and how much financial risk is willing to be taken. The main types of companies include private limited companies, which have limited liability up to the value of shares held; public limited companies, which raise money through public share offerings; and sole traders or partnerships, where the owners or partners have personal unlimited liability. Limited liability partnerships and private unlimited companies are also options, each with different levels of liability.

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    CANDELARIA LASO TP. BUSINESS BASICS

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    There are several types of companies that can be formed in the UK. The key questions to ask are what type of business is being started, if it will be started alone or with others, and how much financial risk is willing to be taken. The main types of companies include private limited companies, which have limited liability up to the value of shares held; public limited companies, which raise money through public share offerings; and sole traders or partnerships, where the owners or partners have personal unlimited liability. Limited liability partnerships and private unlimited companies are also options, each with different levels of liability.

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    © All Rights Reserved
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    2 views2 pages

    Candelaria Laso Tp. Business Basics

    Uploaded by

    candelarialaso
    There are several types of companies that can be formed in the UK. The key questions to ask are what type of business is being started, if it will be started alone or with others, and how much financial risk is willing to be taken. The main types of companies include private limited companies, which have limited liability up to the value of shares held; public limited companies, which raise money through public share offerings; and sole traders or partnerships, where the owners or partners have personal unlimited liability. Limited liability partnerships and private unlimited companies are also options, each with different levels of liability.

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    of 2

    LEGAL ENGLISH

    BUSINESS LAW BASICS


    BASIC ASPECTS ON DIFFERENT TYPES OF COMPANY

    STARTING POINT: KEY QUESTIONS


    If your client is starting up a business in the UK, it is useful to know about the different
    types of company that can be formed so that he can choose the right legal structure for
    his business.
    Ask these questions:
    What type of business are you starting?
    Are you starting on your own or with others?
    How much financial risk are you willing to take?

    BUSINESS
    LIABILITY STRUCTURE WHO FOR?
    Anybody.
    Small initial investment
    PRIVATE COMPANY LIMITED BY SHARES possible
    TO THE AMOUNT OF
    SHARES HELD BY
    SHAREHOLDERS
    LIMITED Company raising money
    PUBLIC LIMITED COMPANY by selling shares to the
    public

    TO PRE-AGREED AMOUNT
    PAYABLE BY COMPANY PRIVATE COMPANY LTD BY GUARANTEE Non-profit enterprises
    MEMBERS

    TO THE AMOUNTS THE Closed group of


    PARTNERS INITIALLY INVEST LIMITED LIABILITY PARTNERSHIP (LLP) investors

    TO AMOUNT DIRECTORS
    + SHAREHOLDERS NEED
    NO LIMIT TO PAY IF THE COMPANY PRIVATE UNLIMITED COMPANY
    Only for companies that
    carry 0% risk of
    FAILS
    insolvency

    SOLE TRADER Single person business


    OWNER(S) LIABLE +
    MUST PAY FOR THE
    PERSONALLY LIABLE DEBTS OF THE
    BUSINESS

    More than 2 person


    ORDINARY PARTNERSHIP
    businesses

    KEY VOCABULARY
    partnership agreement
    limited liability
    personal assets
    legal entity
    member
    incorporate
    founders
    shareholders
    share capital
    dividend
    memorandum of association
    annual return
    articles of association
    certificate of incorporation

    THIS INFOGRAPHIC IS ONLY A BRIEF GUIDE. ALWAYS CHECK WITH


    YOUR LECTURER FOR FURTHER QUESTIONS AND PRACTICE.
    LEGAL ENGLISH

    FUNDAMENTOS DE DERECHO EMPRESARIAL


    ASPECTOS FUNDAMENTALES SOBRE LOS DIFERENTES TIPOS DE EMPRESAS

    PUNTO DE PARTIDA: HACER PREGUNTAS CLAVE


    Si su cliente quiere formar una empresa en el Reino Unido, será útil poder reconocer los
    diferentes tipos de empresas que existen y así poder elegir la estructura legal que mejor se
    adapta a su negocio.
    Hágale las siguientes preguntas:
    ¿Qué tipo de empresa quiere iniciar?
    ¿Inicia su negocio solo o con otras personas?
    ¿Cuánto riesgo financiero está dispuesto a correr?

    ESTRUCTURA
    RESPONSABILIDAD EMPRESARIAL ¿PARA QUIÉN?
    Cualquier individuo.
    Pequeña inversión
    SOCIEDAD LIMITADA POR ACCIONES inicial
    AL NÚMERO DE
    ACCIONES DE CADA
    ACCIONISTA
    LIMITADA Sociedad que adquiere
    fondos de la cotización
    SOCIEDAD ANÓNIMA de sus acciones en el
    mercado bursátil

    AL MONTO PREACORDADO Organizaciones sin fines


    PAGADERO POR LOS SOCIEDAD LIMITADA POR GARANTÍA de lucro
    MIEMBROS DE LA COMPAÑÍA

    AL MONTO INICIALMENTE SOCIEDAD DE PERSONAS CON Grupo cerrado de


    INVERTIDO POR LOS
    MIEMBROS RESPONSABILIDAD LIMITADA inversores

    AL MONTO QUE LOS


    DIRECTORES +
    SIN LÍMITE ACCIONISTAS DEBEN SOCIEDAD DE RESPONSABILIDAD Solo para empresas que
    PAGAR SI LA COMPAÑÍA conllevan 0% de riesgo
    QUIEBRA ILIMITADA de insolvencia

    Empresa de un solo
    DUEÑO(S)
    EMPRESA UNIPERSONAL individuo
    RESPONSABLES +
    RESPONSABILIDAD OBLIGACIÓN DE
    PERSONAL PAGAR LAS DEUDAS
    DE LA EMPRESA

    Empresas con más de 2


    SOCIEDAD COLECTIVA
    individuos

    VOCABULARIO CLAVE
    acuerdo de asociación
    responsabilidad limitada
    bienes personales
    persona jurídica
    miembro
    constituir
    fundadores
    accionistas
    capital accionario
    dividendo
    acta constitutiva
    declaración anual
    estatuto
    certificado de constitución

    ESTA INFOGRAFÍA ES SIMPLEMENTE UNA BREVE GUÍA. SIEMPRE


    CONSULTE CON SU PROFESOR PARA MÁS INFORMACIÓN Y
    PRÁCTICA.

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