CBFS Business Law Thesis Paper

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Business Law
Thesis Statement: The study seeks to espouse the various structures of business or

corporations that are applicable in the case of Amigo Holdings PLC desire to have the
company’s presence in the state of Oman. The study will also recommend the best structure
for adoption as well as the methods of financing, organization and incorporating the corporate
entity in Oman.
I.
II.

Introduction
Type of the business

III.

Financing the business

IV.

Conclusion

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Business Law

Student’s Name
Institution
Course
Due Date

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Introduction
Commercial entities are defined by a state and reflect the aspirations of the particular
state as well as the international standards that govern the incorporation and operation of the
corporate entity. The existence of multinational companies informs the presence of similar
corporate rules or organization within different states. The structure of a business entity is
determined by the desires of the owners and the chosen way of financing and running the
business entity (Robertson, 2018). It is noteworthy that each structure of business has advantages
and disadvantages hence the need to choose the structure of commercial operation from a point
of legal information. The state of Oman maintains a company register that has all the names of
the existing companies within the country, indicating whether the company is limited, unlimited,
private or public (Cheffins, 2017). The United Kingdom also maintains a register of companies
indicating vital information pertaining the particular business entity. The state of Oman has
special requirements for the incorporation of a company that has foreign shareholders or that is
owned by foreign investors. The study seeks to espouse the various structures of business or
corporations that are applicable in the case of Amigo Holdings PLC desire to have the
company’s presence in the state of Oman. The study will also recommend the best structure for
adoption as well as the methods of financing, organization and incorporating the corporate entity
in Oman.
Types of Business Structures
A business may be organised as a sole proprietorship which essentially means that the
owner has a business name and solely runs the business. The financing of such a business entity
rests with the owner and liability also rests with the owner. Essentially, the owner is responsible
for the debts of the sole proprietorship and creditors may pursue legal action against the owner

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individually and recover debts (Cheffins, 2017). This type of business is applicable for small
business entities and provides little or no protection to the owner. The tax obligations of the
business and the owner are the mingled together and the two are treated as one entity. This is not
a preferred business structure for Amigo Holdings PLC.
Additionally, a company is a business structure that requires the registration of the
corporate entity and the treatment of the owners (shareholders) as different entities from the
company. A company gives the highest protection of …