MRL 2601
University Of South Alabama
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MRL2601 - Entrepreneurial Law - Notes.
- Other • 71 pages • 2022
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Principle – Company is a separate legal entity 
Forms of enterprises – 
1. Sole proprietorship – capital on one person invested 
2. partnership – 2 or more pool capital and abilities 
3. CC – legal personality 
4. Company – Legal personality 
5. business trust 
The registration of a company or CC allows the body with separate legal personality with its own 
rights and liabilities 
The risk extends only to the loss of amount they contributed as capital 
CC and company enjoys the benef...
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