The law of business structures provides a comprehensive but simplified treatment of the different types of business structures in South African law. The book examines the law of partnerships, business trusts, close corporations and companies, whether large or small, and whether formed for a profit-making or a non-profit-making objective. The chapters on company law provide a detailed discussion and explanation of core company law topics. Discussions of modern corporate governance best practices, insider trading and market manipulation are also included. Excessive theoretical analysis has been avoided, but important legal concepts and principles are nevertheless carefully explained and analysed. Case law and references to legislation have been kept to a minimum, but discussions of the important cases and relevant legislation are included.--Résumé de l'éditeur.

''The Law of Business Structures provides a comprehensive but simplified treatment of the different types of business structures in South African law. Partnerships, business trusts, close corporations and companies, whether large or small, whether profit-making or non-profit making, are discussed. This includes modern corporate governance best practices, and even an updated analysis of insider trading and market manipulation. The proposed new Companies Amendment Bill of 2021, which was published when this new edition was nearing completion, is also discussed wherever relevant. In the nine years since the publication of the first edition of The Law of Business Structures, there has been extensive judicial development of many provisions of the Companies Act 71 of 2008. This second edition has been updated to include a discussion and analysis of the leading cases on the subject. Much of the material on this subject, particularly company law, has been updated. The prime, original aim of keeping complex theoretical analysis and debate to a minimum has been retained. A highlight of this book is that legal doctrines and principles are expounded in a lucid and coherent way and stated, wherever possible, in simple terms."--Back cover

The law of business structures provides a comprehensive but simplified treatment of the different types of business structures in South African law. The book examines the law of partnerships, business trusts, close corporations and companies, whether large or small, and whether formed for a profit-making or a non-profit-making objective. The chapters on company law provide a detailed discussion and explanation of core company law topics. Discussions of modern corporate governance best practices, insider trading and market manipulation are also included. Excessive theoretical analysis has been avoided, but important legal concepts and principles are nevertheless carefully explained and analysed. Case law and references to legislation have been kept to a minimum, but discussions of the important cases and relevant legislation are included.--Résumé de l'éditeur.

A popular and highly-adaptable casebook for use in either a three-credit or four-credit course on business organizations or corporations. The second edition continues the traits that made the original so popular. The book is intended for all law students, whether they will practice on Wall Street or Main Street. It is aimed not only at those who were finance majors and know that they will take advanced corporate courses. It's also for the poetry majors who assume that they are going to dislike the course. Students who use the book are often shocked at how much they enjoy the subject and class. The book best meets law students' need to understand not only the legal issues that arise in battling for control of a large, mature public corporation, but also the legal and business issues that arise in starting and growing a new business. The book is student-friendly; it speaks to the student and conveys much meaningful information, much like a text book in other fields. It features problems and questions that integrate and develop doctrine. Unlike many other casebooks that merely cobble together a series of cases and open-ended questions, the book carefully teaches, in an enjoyable but organized way. During class, the professor can focus on the fun material; the book has already taught students the nuts and bolts. The book has a unique structure, as students follow a business (Bubba's Burritos) through every phase of each of the business structures. The course builds with the same cast of characters, as they explore how to form a business, how to make it grow, how to raise capital, how to transfer ownership, how to assess liability issues, and how the business may come to an end. This same business life cycle is experienced for the sole proprietorship, general partnership, close corporation, public corporation, limited partnership, and LLC. Students will compare and contrast the advantages and disadvantages of each business structure. The book draws on special resources. The contributions of Mike Roberts, of the Harvard Business School, are especially obvious. Students benefit from B-School materials, excerpts from periodicals, problems, and lots of original text to focus on both business and legal issues. Likewise, new co-author George Shepherd, a legal scholar and economist, offers economic theory-made-easy: he translates important economic concepts into simple language that all can enjoy. And it's SHORT. It provides a comprehensive view of business organizations in fewer than 850 pages, including some light-hearted (and light-headed) efforts at humor. We don't force the professor to spend hours trying to determine what parts of a bloated book are important enough to assign. We have done the distilling for you. The book features the innovation of asking questions before most cases (as well as after), to focus the students' reading. The combination of cases is compelling - the old classics plus new teaching vehicles that will become classics. In addition, the second edition features up-to-the minute discussion of new developments such as CEO compensation and Sarbanes-Oxley. These materials can be adapted to almost any need. For those desiring full coverage of publicly traded corporations, no problem, as the book treats Section 16b, proxy fights, and takeovers. Those desiring to leave those materials out will find plenty for a full three- or four-credit course on the variety of business structures.

What form is best for your business? Should it be one of the corporate forms or one of those that is not a corporation? This text will give you the facts and the comparisons that will help you make that choice. It should at the very least, give you the basic information so you can understand the issues that affect that choice. In addition, this writing is intended to list the basic information about US business structures every attorney and CPA wishes his or her new client already understood when first seeking help turning a worthwhile business plan into a smooth running profit making machine. The table of contents lists the types of business legal structures available to the entrepreneur for doing business in the US. Note that business structures have either a ?corporate? and ?non-corporate? legal form. Take a ?quick look? at the comparison of business types appearing in Chapter 1: ?Business Entities Compared?. It is an easy to understand summary of the major considerations in choosing a form for a business. That page, for each type, lists the owner; personal liability; taxation and management features of each type. The later chapters of this writing discuss the details and the major issues that apply to each of business legal structure listed in that first chapter. All USA businesses are legal entities authorized defined, created, and registered according to the individual state laws of the state where the business is located. Although similar, there are important differences among the states. A great deal of ?shopping? for a favorable ?home? does in fact take place because of those differences. However, there is a requirement for all businesses to ?register? in any state where it has operations. That subject is the subject of Chapter 15: ?Doing Business in Other States?. The appendix provides links to all 50 state departments Involved in forming a business. It includes all state's secretary of state business records departments; state taxation departments; security departments; and corporate and business laws.

Companies and other Business Structures in South Africa offers a unique synthesis of legal and accounting expertise to provide a clear, practical and authoritative overview of company law and particularly the far-reaching changes introduced by the Companies Act, No 71 of 2008. The book integrates common law and an applied, business orientated approach, providing an invaluable analysis of the purpose and rationale of the new provisions. It provides a careful explanation of the concepts and principles of company law, highlights how the legislative provisions of the new Companies Act depart from the existing company law regime, and considers their impact and relevance for companies and the legal and accounting professions. This book has been written primarily for students of commerce studying the compulsory undergraduate course on the law of companies and other business structures. Companies and other Business Structures in South Africa is designed to comply with the sugg ested syllabus for commercial law as outlined in the SAICA education requirements for Part 1 of the Qualifying Examination (revised 2005). Endorsed by SAIPA.