company refers to a corporate entity registered and established in accordance with the provisions of the Company Law. Shareholders are responsible for their capital contributions (except for unlimited companies) and bear limited liability . If something happens to the company, the shareholders will be fine once their investment is compensated. Because the company is an independent legal person with its own legal personality, rights and obligations, all contractual and transaction parties are with the company, not individual shareholders. If something goes wrong, the company will be held responsible.
The business referred to in the Commercial cameroon mobile database Registration Law, which is generally referred to as a business name ( trade name ), refers to a sole proprietorship or partnership business for the purpose of profit, and the person in charge or the partners bear unlimited liability . Because the bank is not an independent legal person, although it has a unified number, all legal responsibilities still fall on the individual. Therefore, when an enterprise deals with a business (corporate company, business firm, studio), the business firm will often give people a feeling of doubt, because you don’t know whether this individual can take on so much responsibility, because the business firm is usually sole proprietorship, that is, there is only one person, which also means that he does not have a team to support him, and if something goes wrong, he doesn’t know who to turn to.
What is the difference between a company and a studio (line)?
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