Company Law Lecturer: Ms. Lesley Walcott Date: September 16th, 2003

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Company Law
Lecturer: Ms. Lesley Walcott

Date: September 16th, 2003.


Sole Proprietorship


Un-incorporated Associations


Limited Partnership

Private Companies
Public Companies

One Man Company



De facto

De jure

Types of Business Enterprises include: -

The Sole Proprietorship

This is the oldest and simplest form of business. There is a single owner who has the prerogative and responsibility of making all the ultimate decisions concerning the business. Servants or agents may assist the Sole Proprietor, if he functions without the aid of others, his obligations are in Contract and his liabilities for wrongdoing are primarily by Tort.

Advantages of the Sole Proprietorship

  1. Businesses commenced and dissolved with ease.

  2. There are modest expenses involved in starting up the business.

  3. Businesses subject to minimum regulation by law.

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