Diploma Thesis from the year 2005 in the subject Business economics
- Company formation, Business Plans, grade: 2,0, University of
Paderborn (Kulturwissenschaften, Medienokonomie), language:
English, abstract: Inhaltsangabe: Abstract: In a globalized Europe
in which everything is merging together, especially the economies,
and keeping pace with the rapid development of the Internet, one
can ill afford not to take a look at the Limited company. The
English Limited seems to be an alternative to the German GmbH. In
the course of groundbreaking decisions, made by the European Court
of Justice, a new legal platform for economic activity is made
available in Germany. So far, it seems to be an attractive one. The
fast and uncomplicated establishment of the company, as well as the
rather liberal rules of capitalization, are typically perceived as
advantages of the Limited compared to the German GmbH. However, the
limited being a foreign type of company is, first of all, an alien
element in the German legal system (Just 2005, Preface). There are
many questions to be answered and there is, additionally, a certain
amount of legal uncertainty to be reasoned with concerning the
decision of whether or not to choose the limited over the German
GmbH. Also, the peculiarities, perspectives and risks of the
limited are widely unknown to the general public. The purpose of my
work is to provide an analysis of how an English private company
limited by shares based in Germany may offer an alternative to
German forms of business organization for entrepreneurs. The
perspectives and risks that come hand in hand with such an
establishment will also be interpreted. To begin with, I will
shortly explain the history of British companies. This is then
followed, firstly, by an overview of the types of companies in
England, and, secondly, the two types of businesses known to
British company law in which liability may be limited to the
paid-in company assets. A discussion of the new rulings o
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