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Characteristics Of Job Design

Submitted by kingpnz on September 1, 2006

Category: Social Issues
Words: 3006 | Pages: 13
Views: 246
Popularity Rank: 41,076
Average Member Grade: N/A (Add a Comment / Grade this Paper)







JOAQUIM PIRES
BUSINESS ORGANISATION AND PROCESSES
ASSESSMENT 1 2006




































Question 1.

Section (A)

In a Limited liability company, there must be at least two shareholders with no maximum upper limit who own the company. All limited companies must be registered with the Registrar of Companies to whom the companies must send their annual financial statements. A limited company is separated in law from its owners. Because it has its own legal entity, any disputes concerning the company, will be solely with the company and not the shareholders. The company is run by a board of directors, who in turn are chosen by the shareholders, who could be many but do not have any interest in running the company. Sometimes, because it is a small company with only a few shareholders they are the board as well. There are 2 types of limited companies, which are private limited or public limited.
There are 2 types of limited companies and they are private limited or public limited.
One distinct difference between private limited and public limited companies is that you may not sell private company shares to the public from a private limited company, as you may do with a public limited company.
For a business to register as a public company, it needs to setup a legal framework which includes (a) A Memorandum of Association and (b) The Articles of Association. The company is granted a Certificate of Incorporation which allows it to start trading as a limited company, when these documents are submitted.
The documents must include the following.

Memorandum of...

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