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Business Structure with Greater Returns than Risk Posted by stratamg on October 10th nike flyknit lunar 3 damen kaufen , 2017 People determined enough to become entrepreneurs today have varied option available for deciding the types of business structures they want to start a new business and choose the structure that is best for their new company. There are significant benefits and certain drawbacks associated with each of the various types of legal entities that an entrepreneur can choose the ideal business structure for their company. But, body corporate is the best chosen for its legality and opportunities for expansion. “A body which has been or is incorporated under the statute nike free 4.0 flyknit damen schwarz , having a common seal, working for a common objective nike free 3.0 flyknit damen schwarz , which has a perpetual succession and is a separate legal entity apart from the members constituting it,” is defined the body corporate. A corporation is owned by its shareholders nike roshe run slip on damen , who in general meetings appoint body corporate management, also termed as Board of Directors. Characteristics of Body Corporate: Unlimited Life- Inability of an employee or management personnel to function does not impact the continuous life of the corporation.Limited Liability of Shareholders- The liability of shareholders is limited to the extent the amount has been invested by them in the corporation.Separate Legal entity- The Corporation conducts business in its own name and has a separate management.The relative ease of transferring ownership rights- In a public corporation nike roshe run breeze weiß , shareholding can be easily transferred partially or wholly at the discretion of the holder. No prior approval or notices are required to be served in the event of a transfer of ownership.Professional management- The owner is not the body corporate manager. 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