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Company law - STARS
Game Code: 1009438
English
20
Public
Legal English
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What is the simplest way to set up and run a business?
Register as a self-employed (sole trader).
15
In this form of company, there is no restriction to the responsibility.
General partnership (unlimited partnership).
15
What is the difference between joint liability and several liability?
Joint - responsible together as a group, several - responsible individually.
15
Have you ever drawn up a partnership agreement? What should be stipulated in it?
:)Names of partners, partnership name, capital contribution of partners, share of profits/losses, drawings ...
15
What is the authorised minimum to incorporate a general partnership? Does every partner have to contribute equally?
:)
15
Why might the partners want to expel one of them from the partnership?
:)
15
What is the difference between a dormant (sleeping/silent) partner and an equity partner?
:)
15
What do monthly drawings of each partner in a general partnership depend on?
:)
15
What is the role of a partner's personal assets in a limited liability partnership?
:)
15
Does the registry of companies provide information about all types of companies?
:)
15
What is the nominal value of a share?
The fixed value of each share.
15
What can one do in the Companies House?
:)
15
Are all types of businesses legal personalities/legal entities?
:)
15
Why might a shareholder not receive a dividend?
:)
15
What should be done for shares to be listed on the stock exchange?
:)
15
What are the reasons for a business to be wound up?
:)
15
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