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Company law

Company law. Unit 18. Read the text , pp . 177 - 178 and complete the following table. LIMITED LIABILTY PARTNERSHIP Complete the types of partners and their obligations. PARTNERS IN LIMITED LIABILITY PARTNERSHIP. ______________ ______________ Obligations : - -. ______________

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Company law

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  1. Companylaw Unit 18

  2. Readthetext, pp. 177 - 178 andcompletethefollowing table

  3. LIMITED LIABILTY PARTNERSHIPComplete the types of partners and their obligations PARTNERS IN LIMITED LIABILITY PARTNERSHIP ______________ ______________ Obligations: - - ______________ ______________ Obligations: - - ______________ ______________ Obligations: - -

  4. Partnershipagreement • Read once again the paragraph 2, p. 177 and • complete the important details of the agreement • (deeds of partnership) • Names of ___________ • The purpose of _____________ • The prinicipal _______________ • The amount of c______________ • The liability and __________________ • The steps for the ___________________

  5. Company formation • Key documents in the three legal systems • Sets fort the object of the company • Defines its capital structure • Names the members of the board of directors • Defines procedures for holding a vote of the shareholders, etc.

  6. TYPES OF LIMITED COMPANIESCompletethetypesandtheirfeatures Limited company can be devided into: ______________ ______________ ______________ Features: - - ______________ ______________ ______________ Features : - -

  7. Key colocations –translateinto Croatian • to own / form / manage / run a business • to have (un)limited liability • to be liable for debts / obligations • to be personally responsible for debts / losses • to keep accounts • to tax profits • to pay income tax • to contribute / utilize capital / skills / expertise • to share responsibilites / profits • to register for VAT • to set up / dissolve a partnership • to draw up a partnership agreement • to register with Companies House

  8. Key colocations –translate into CroatianPART II • to file self-assessment tax form • to have perpetual life (a company) • to submit financial accounts • to offer shares for sale • to employ one or more persons • to purchase large quantities of shares • to require the minimum share capital

  9. Vocabulary work – p.¸179 – 180 • Do the exercise V – complete the definitions. • 2. Find the English terms for the following Croatian expressions: • a) pravna osoba = ___________________ • b) poslovni poduhvat / ulaganje = ____________________ • c) registracija trgovačkog društva = ___________________ • d) porezna prijava = ________________________ • e) odgovornost = ____________________ • f) dioničar / suvlasnik = ___________________ • g) ponuda za preuzimanje trgovačkog društva = • _______________________

  10. Compare the UK and Croatian business organisationsComplete the table. Zakon o trgovačkim društvima - ZTD

  11. Compare the US and Croatian business organisations *Uniform Commercial Code (S-section / C-section) Zakon o trgovačkim društvima - ZTD

  12. S-corporationsand C-corporationsinthe USA https://www.legalzoom.com/articles/what-is-the-difference-between-s-corp-and-c-corp Using the above link study the main differences between these two types of corporations. Make notes:

  13. Off-the-shelf company- studythedefinition This is a company which has already been registered by an account or lawyer, and which is ready for sale to someone who wants to set upa new company quickly. Find more information using the link: Source: http://www.investorwords.com/10462/off_the_shelfcompany.html#ixzz53ipWH3e7

  14. Textcomplitiontask, p. 181 • Do the exercise VII and • a) fill in the gaps; • Answer the following questions: • 1. What can be avoided when choosing off-the- • -shelf company? • 2. Who usually forms and sells such companies? • 3. Which institution verifies company names.

  15. REVISION: Study once again the main features of business organisations in the UK and complete the table on the next slide. • private limited company (Ltd), • public limited company (PLC), • general partnership, • limited partnership, • sole proprietorship

  16. Whichbusinessentities are these (inthe UK)?

  17. Make notes which will help you explain to an British / American business partner how Croatian Commercial Code (ZTD) defines the term: Javnotrgovačkodruštvo Pojam javnoga trgovačkoga društva – Članaka 68 • Javno trgovačko društvo je trgovačko društvo u koje se udružuju dvije ili više osoba zbog trajnog obavljanja djelatnosti pod zajedničkom tvrtkom, a svaki član društva odgovara vjerovnicima društva neograničeno solidarno cijelom svojom imovinom. • Član društva može biti svaka fizička ili pravna osoba.

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