Critically Analyse the different Forms of Business Enterprises.

Which four entities are classified as profit companies and what are their characteristics?
3.1 Model your understanding of Pre-incorporation Contracts with reference to relevant law. (17)
3.2 Discuss the Right of Pre-emption with reference to relevant legislation. (18)
Differentiate between Amendment Acts and Regulation.

Answers to Above Questions on Commercial Law

Answer 1: An analysis of different types of business enterprises indicates that they are mainly categorised into three important types such as individual proprietorship, partnership or Limited Liability companies. Each of these business enterprises have their own individual characteristics. Sole proprietorship is a simple form of business enterprise that is managed and operated by a single individual entrusting all its responsibilities.


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