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BUSINESS ORGANISATIONS Sole Trader Company Partnership COMPANIES ACT 2006 Khan v Miah [2000] 1 WLR 2123, HL
- Simplest form of a business organisation - Subject to some regulation (names it can trade under) - Own - Takes all profits of business but also suffers all its losses - Provides capital with personal savings/ bank loan - Contracts in own name and therefore, peronally liable for any debts
- More formal set up - Regulated & defined by Partnership Act 1890Definition - s1(1) Partnership Act 1890 - s4, Partnership Act 1890
COMPANY LAW
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