Commercial Companies

Introduction technical company has been defined by Article whiz on Commercial Companies law as the following: Commercial company is a contract by which two or more natural or legal persons undertake to package in a project that aims to profit making, by submitting a sh are of cash or service and sharing in the profit or loss resulted from the project. Companies have a very main role in economic emergence in whole world, and consider the interests of society by pickings the responsibility for the impact of their activities and goods. Sole Trader Whats a furbish up principal? It is a type of business entity which legally has no correct existence from its declareer; basically it implys that the business decisions are being made by one person (the owner) and he use his own personal capital to give out his own business. It doesnt necessarily mean that the owner run all the business. The sole trader (owner) can employ separates to do any of the persist in the business . The sole trader is the simplest business to start with because it consists of barely one person, and has very little legal formalities, obligations or constraints attached to this form ownership as opposed to other(a) forms . Management and raising finance: 1. The owner will submit all the orders and decisions on how to manage and control his business.

2. The owner increases cash for the business out of his own income and/or with loans from banks or other lenders . Profits: Any profits from the business will go to the owner. Liability: As a sole trader, the owner is the only one whos responsible for any debts run up by his business. This means his home or other properties whitethorn be at risk if his business runs into trouble . Which mean that the owner as a sole trader has untrammeled liability; conducting to my studies , I am going to give a simple example which will explain the sole trader responsibilities; for example if A as a sole trader made a contract with B which is one of the companies in Qatar,... If you want to get a full essay, order it on our website: Orderessay

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