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BOOK EXCERPT:
In an increasingly universalizing world, operating business in the form of companies is apparently becoming an indispensable aspect of modern commercial life. The major reason that led to the corporate form as the principal method of organization of commercial activity, among other things, is its advantage of limited liability. Limited liability, in its classical sense, implies the insulation of individual shareholders composing the company from the liability of company debts. Yet, the traditional corporate legal theory has confined the advantage of limited liability within the purview of multimember corporations, making it inaccessible to solo investors. However, quite recently, the historical relic of corporate theory that views corporations as a legally personified body of numerous subscribes of shares has undergone a sharp evolution, as have many other business practices and their legal bases. The purpose of this thesis is to look into notable literature on major corporate theories and analyze whether it would be applicable to single member companies (SMC). It also seeks to compare major legal frameworks governing SMC’s in comparative jurisdictions to show the legal and theoretical implications of introducing SMC’s into the Ethiopian corporate legal system.
Product Details :
Genre |
: Law |
Author |
: Jetu Edosa Chewaka |
Publisher |
: Anchor Academic Publishing |
Release |
: 2016-05 |
File |
: 149 Pages |
ISBN-13 |
: 9783960670094 |
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BOOK EXCERPT:
In an increasingly universalizing world, operating business in the form of companies is apparently becoming an indispensable aspect of modern commercial life. The major reason that led to the corporate form as the principal method of organization of commercial activity, among other things, is its advantage of limited liability. Limited liability, in its classical sense, implies the insulation of individual shareholders composing the company from the liability of company debts. Yet, the traditional corporate legal theory has confined the advantage of limited liability within the purview of multimember corporations, making it inaccessible to solo investors. However, quite recently, the historical relic of corporate theory that views corporations as a legally personified body of numerous subscribes of shares has undergone a sharp evolution, as have many other business practices and their legal bases. The purpose of this study is to look into notable literature on major corporate theories and analyze whether it would be applicable to single member companies (SMC). It also seeks to compare major legal frameworks governing SMC’s in comparative jurisdictions to show the legal and theoretical implications of introducing SMC’s into the Ethiopian corporate legal system.
Product Details :
Genre |
: Business & Economics |
Author |
: Jetu Edosa Chewaka |
Publisher |
: Anchor Academic Publishing |
Release |
: 2016-02-05 |
File |
: 143 Pages |
ISBN-13 |
: 9783960675099 |
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BOOK EXCERPT:
Since Liechtenstein, as the first country in the world, acknowledged the legal position of Single Member Liability Companies by statute law, this type of company has been legally recognized in an increasing number of countries. But in practice, England is the first country which paved the way to one man company practice with the Solomon case. Single Member Company emerged and developed rapidly in recent years, for the reason of their strong economic, political and legal theoretical basis. As a result, we can dig into their emergence and development from a social and historical point of view. It is helpful to encourage investment, develop economy and facilitate employment, and more freedom to the owner of the company. When compared with ordinary types of companies, Single Member Companies' legal character lies in the singularity of shareholder and the particularity of its corporate governance structure. Thus it increases the possibility for the single shareholder to abuse the rights and damage the interests of companies’ creditors and tax authority. In order to protect the company's creditors, it is necessary to regulate single member company strictly and set up integrated creditors protection rules. Therefore, the legal status for Single Person Companies should be authorized and as well positively standardized in order to seek advantages and avoid disadvantages. Ethiopia has suitable conditions when we analyse the factual situation of a country to introduce and to benefit from the advantage of one man companies.
Product Details :
Genre |
: Business & Economics |
Author |
: Ermias Birhanu Alaro |
Publisher |
: Anchor Academic Publishing |
Release |
: 2016-05 |
File |
: 57 Pages |
ISBN-13 |
: 9783954894499 |
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BOOK EXCERPT:
This is the first English-language overview of the history of Ethiopian law. It describes the main features of its unique development on the basis of indigenous customary law and Roman-Byzantine legal traditions. The study also pays attention to the codification of laws and modernization of the judicial system undertaken in the reign of Emperor Haile Sellassie (1930-1974), and to matters of procedural and court justice. Throughout, topics and areas for further research are identified.
Product Details :
Genre |
: History |
Author |
: ʼAbarā Ǧambaré |
Publisher |
: |
Release |
: 2000 |
File |
: 344 Pages |
ISBN-13 |
: UOM:39015054410678 |
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BOOK EXCERPT:
Product Details :
Genre |
: Insurance |
Author |
: Hailu Zeleke |
Publisher |
: |
Release |
: 2007 |
File |
: 336 Pages |
ISBN-13 |
: STANFORD:36105131953395 |
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BOOK EXCERPT:
Product Details :
Genre |
: Business enterprises |
Author |
: YaʼItyoṗyā negd meker bét |
Publisher |
: |
Release |
: 1975 |
File |
: 80 Pages |
ISBN-13 |
: STANFORD:36105134410872 |
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BOOK EXCERPT:
Product Details :
Genre |
: Medical |
Author |
: Richard Pankhurst |
Publisher |
: Red Sea Press(NJ) |
Release |
: 1990 |
File |
: 304 Pages |
ISBN-13 |
: STANFORD:36105035333694 |
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BOOK EXCERPT:
Product Details :
Genre |
: Criminal law |
Author |
: Philippe Graven |
Publisher |
: |
Release |
: 1965 |
File |
: 304 Pages |
ISBN-13 |
: STANFORD:36105044656051 |
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BOOK EXCERPT:
This book presents a conspectus of information about traditional Ethiopian music. Its discussion is primarily of the music of the Hamo-Semitic plateaux people and is divided into three sections: I. Musical Instruments; II. Secular Music; III. Ecclesiastical Music.
Product Details :
Genre |
: Music |
Author |
: Michael Powne |
Publisher |
: Praeger |
Release |
: 1980-07-11 |
File |
: 198 Pages |
ISBN-13 |
: UOM:49015000727090 |
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BOOK EXCERPT:
Product Details :
Genre |
: Science |
Author |
: Michael Olinick |
Publisher |
: Addison Wesley Publishing Company |
Release |
: 1978 |
File |
: 488 Pages |
ISBN-13 |
: UCAL:B4451410 |