2145 Intellectual Property, Law and Business Practices Level 5 Coursework 1 Sample

Published: 04 Feb, 2025
Category Coursework Subject Law
University University College Birmingham Module Title 2145 Intellectual Property, Law and Business Practices Level 5 Coursework 1

About This Unit

Limited and unlimited liability companies are two types of companies that are divided by business risk in a significant range. In every business, stakeholders have an essential contribution to establishing a business and managing operations. The limited and unlimited liability companies are different from each other by risk exposure for investors and business owners based on company structure and corporation law. In a limited liability company (LLC) members' assets are protected from liabilities and corporate debts which is useful to decrease the risk of money contributed to the firm. Stakeholders of limited and unlimited liability companies have diverse rights and obligations according to company law, this is essential for maintaining transparency, accountability, and governance of business. This study stated that limited companies have minimum risks of personal information disclosure in business that supports the growth of these LLCs and in Unlimited liability companies’ minimum initial investments are essential strengths to start up business. 

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