Compass House Consultancy Ltd - Corporate Development

Corporate Governance 2

The company is created by a legal process as a legal entity separate from the people associated with it;
Owners or members have limited liability and are liable only for the amount of equity capital that they have agreed to subscribe;
The company has many of the rights of a legal person - to buy and sell, to own assets, to incur debts, to employ, to contract and to sue and be sued;
The company has a life of its own, but no guaranteed immortality;
The company exists separately from the life of its owners;
Owners can actually transfer their shares to others but in unlisted companies, the directors may have the power to refuse the transfer of shares;
The company must obey the law.