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M-Commerce Research Paper

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Submitted By kb911
Words 3467
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Hair Today Gone Tomorrow Ltd.

INTRODUCTION
Companies are formed to create a legal identity separate from the individuals who make up the membership of the company. A company is the predominant form of legal entity for conducting business in Ireland today. There are different types of company including private companies limited by shares, public limited companies, single member companies, unlimited companies, companies limited by guarantee having a share capital and companies limited by guarantee not having a share capital.

The companies clear objectives are stated throughout but in a sentence are:
To provide a barber service to customers, whilst maintaining high customer service standards and a quality health and safety implementation.

1. Legal Structure

I have chosen to set up a private limited company, a private limited company is a company whose shareholders are offered limited liability. However, ownership restrictions are strictly in place to avoid the hostile takeover attempt by any association or bylaws. The restrictions include the sale or transfer of a shareholder's share must be first offered to the other shareholders the shareholders cannot sell their shares on the stock exchange to the public, a fixed number of individuals are considered to be shareholders.

Reasons for using a private limited company structure

There are many advantages to having a private limited company, these include:

* A Private Limited Company is a legal entity; the company’s finances are separate from its owner’s finances. * Protection from personal liability to Limited company owners. * Added credibility for Private Limited Companies, which can make it easier for a Private Limited Company to borrow money, raise capital and achieve financing without personal risk. * Private Limited Companies have a reliable legal precedent to guide and

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