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Business Organisations - Course Notes

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Lectures 1-12 entire course notes for Semester 1 2016 - includes both lecture information and notes from textbook readings for each week

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72 Pages Complete Study Notes > 2 Years old
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5 Ex Credits


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Topics this document covers:
Corporate law Legal entities Business law Types of business entity United States corporate law Corporation Business S corporation Incorporation Corporate personhood Companies law Board of directors
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Corporate law Legal entities Business law Types of business entity United States corporate law Corporation Business S corporation Incorporation Corporate personhood Companies law Board of directors
Sample Text:
orporation is an artificial legal person • Registering an organisation in the eyes of the law is giving birth to a child • The owner is not responsible for legalities, the corporation itself is responsible for their actions • Person doesn’t die, can cross national barriers and cannot be put in jail etc • People who own the corporation doesn’t have to be the people running the corporation Readings- history and critique of the system that lead to corporate law Adam Smith (father of capitalism)→ wealth of nations- page 1 of reader- eg lamington factory • Isolated/ specialised tasks • Greater output • Improved/ specialised skills • Can provide more incentive for workers because they are able to be paid more due to the greater output • Can also provide less incentive as they don’t feel they have made a good contribution, don’t have a level of ownership ov...
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