Day: January 28, 2022

This refers to a co-operative. The term co-operative is derived from cooperation It is a body of people or a body of persons who have agreed to come together to achieve a certain goal. The members of the public get Read More …

This is the net price to which the government has stakes in. The government owns a certain percentage of the enterprises shares. Where a government has a fall ownership of the corporation, the business enterprise is known as a parastatal Read More …

Once all the required documents are properly filled with the registrar of companies is ratified with what is contained in these documents. The registration brings the company into being and the companies issued with a certificate of registration. The registration Read More …

This is document that defines that relationship between the company and outsiders. It informs the outsiders what the company does, the amount that is required. The memorandum of association is the company’s chatter constitution and once the company is registered Read More …

Incorporated Business We have so far looked at unincorporated business and have seen the main features of such business is that they do not have a separate legal existence from the owners. We shall now focus on business units that Read More …

According to the partnership Act. A partnership is referred to as a relationship which subsists between persons carrying on a business in common with view of making profits. A partnership is thus an extension of sole proprietorship and is in Read More …