The Types Of Legal Entities

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2018-03-17 13:25:55

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All Types of entities are divided into commercial and non-commercial.

Commercial organization put the main purpose of extraction of profit by results of work. Non-profit organizations do not pursue goals of profit-making or not distribute profits among the participants. Concept and types of legal entities is determined by their order.

Commercial organizations under the Civil code  of the Russian Federation can only be created in the specified organizational forms. These forms include commercial companies and partnerships; state and municipal unitary enterprises, production cooperatives.

 Classification and types of legal entities exists.

Business partnerships distinguish full and limited partnerships and companies with additional liability or limited.

It  is characterized by the fact that the participants have the right to engage in business on behalf of the organization, the responsibility for the obligations guaranteed their property (including personal).

A Limited partnership may have members of two types: full partners and commandite (depositors) that do not participate in the activities of the enterprise and bear the risk of losses only to the extent of their contribution to the partnership.

Joint stock company is characterized by the division of capital into shares. The risk of loss, the shareholders bear to the value of their shares. The types of legal entities joint-stock companies are open and closed.

Subsidiaries and affiliates are not liable for the debts of the major organizations.

A limited liability company established by one or more persons, the share capital is divided into shares. Responsible for the activities of the companies parties have only property invested in the enterprise.

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The company with the additional (subsidiary) responsibility is characterized by the fact that participants are responsible for the Affairs of the companies of their property in the multiple size of their deposits.

Production co-op – Association of citizens on the basis of membership for joint economic activities, which is based  on the personal and the Association of mutual property contributions. Profits are distributed in accordance with the personal labour contribution.

State and municipal unitary enterprises are endowed with property rights awarded to them property. The actual owner of the property is the state or municipality. They transfer assets to the company or the right to Hospederia or operational management.

 

Nonprofit organization be created in the forms stipulated by the code, IAC and others that the law provides. Types of entities in this group include the funds; religious and community groups; consumer cooperatives; institutions; of the United of legal entities (associations and unions), one of them consisting of commercial organizations, but not putting the goal of profit. Types of entities in this group are characterized by such features.

Consumer includes consumer co-operative, garden, housing, cottage, condominium apartments after privatization (condominiums), etc. They are voluntary associations to meet the material needs of the needs of their members. For this the participants integrate the contributions (shares).

Public organizations and religious unions are to meet spiritual needs. They are based on common interests.

The Funds have started to emerge in Russia recently. They may be established by citizens and legal entities for different purposes: charitable, cultural, social, educational etc. (the Children's Fund,the world). Property Fund formed by the founders.

Companies – such organizations created by owners for governance and socio-cultural functions of non-profit orientation. Funded by the owner.

 


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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