Companies Law - Companies Law Study

Companies Law Study

Law schools typically offer either a single upper level course on business organizations, or offer several courses covering different aspects of this area of law. The area of study examines issues such as how each major form of business entity may be formed, operated, and dissolved; the degree to which limited liability protects investors; the extent to which a business can be held liable for the acts of an agent of the business; the relative advantages and disadvantages of different types of business organizations, and the structures established by governments to monitor the buying and selling of ownership interests in large corporations.

The basic theory behind all business organizations is that, by combining certain functions within a single entity, a business (usually called a firm by economists) can operate more efficiently, and thereby realize a greater profit. Governments seek to facilitate investment in profitable operations by creating rules that protect investors in a business from being held personally liable for debts incurred by that business, either through mismanagement, or because of wrongful acts committed by the business.

Read more about this topic:  Companies Law

Famous quotes containing the words companies, law and/or study:

    The recent attempt to secure a charter from the State of North Dakota for a lottery company, the pending effort to obtain from the State of Louisiana a renewal of the charter of the Louisiana State Lottery, and the establishment of one or more lottery companies at Mexican towns near our border, have served the good purpose of calling public attention to an evil of vast proportions.
    Benjamin Harrison (1833–1901)

    My hope is ... that we may recover ... something of a renewal of that vision of the law with which men may be supposed to have started out with in the old days of the oracles, who communed with the intimations of divinity.
    Woodrow Wilson (1856–1924)

    Though those who study are as many as the number of hairs on an ox, those who succeed are as rare as unicorns’ horns.
    Chinese proverb.