Business entities
- A commercial organization divided into shares (contributions) of the founders (participants) of the authorized (share) capital.
HT can be created in the form of:
1) the general partnership;
2) a limited partnership.
H. O. can be created in the form of:
1) joint-stock company;
2) a limited liability company;
3) additional liability.
The contribution to the property of a business partnership or company may be money, securities, other things or property rights or other rights having monetary value. Such an assessment, for example, can have the results of intellectual activity, information that are themselves non-property benefits.
Business partnerships and companies of one type may be converted into economic partnerships and companies of another type or into production cooperatives by decision of the general meeting.
When converting the partnership into society every general partner who became a participant (shareholder) of the company, for 2 years shall bear subsidiary liability with all their property for the obligations passed to the company from the partnership.
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