C18 - Other Vehicles Flashcards Preview

Finance And Administration > C18 - Other Vehicles > Flashcards

Flashcards in C18 - Other Vehicles Deck (8):
1

Foundation

Separate legal personality
Can contract in own name
Don't have shareholders
Founder - requests foundation to he incorporated

2

Partnership

General partnership

Verbal

2+ partners

3

Partnership

Limited liability

Form under incorporation under limited liability partnership act

Separate legal personality from members

4

Partnership


Limited partnership

Not corporate bodies

No separate legal personality

5

Partnership

Incorporated

Separate legal personality from members, gold assets and contracts in own name

Perpetual succession

6

Partnership

Separated LP

Similar to lp, have separate legal personality

7

Special Purpose vehicles

Specific purpose/transaction, offshore companies comps, share capital, typically owned by trust with charitable beneficiaries

Profit distributed to charities

8

Private trust companies

Comp formed to add as trustee of one particular first or group of trusts