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Notes from wendy craig -june 05  
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Corporate law also corporations law or company law refers to the law establishing separate legal entities known as the company or corporation and governs the most prevalent legal models for firms, for instance limited companies, publicly limited companies or incorporated businesses .

In the U.K., corporate law is a subset of companies law, and in the U.S. it is often viewed at least for teaching purposes as part of the law of business associations.

Business ventures  

In each case, corporations are distinguished from a wider spectrum of organizational forms, such as partnerships, trusts, unincorporated associations, guilds
or sole proprietorships.

Companies generally raise capital for their business ventures either by debt or equity. Capital raised by way of equity is usually raised by issued shares sometimes called stock not to be confused with stock-in-trade or warrants.A share is an item of property, and can be sold or transferred.

 
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Share Makes  
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Holding a share makes the holder a member of the company, and entitles them to enforce the provisions of the company's constitution against the company and against other members. Shares also normally have a nominal or par value, which is the limit of the shareholder's liability to contribute to the debts of the company on an insolvent liquidation.

 
 

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