There are four types of companies: stock companies, limited liability companies, limited liability companies, and partnership companies. 20231120

[Today's report]

Hello. This is Tenfu from Seito Shijuku. I plan to use my blog as a notebook. I would like to write down what I studied during the day as "learning content", record it every day, and create a report of about 3 A4 size pages in about a week.

<Learning content for 2023/11/20>

I read a book on corporate law. There are four types of companies: stock companies, limited liability companies, limited liability companies, and partnership companies. LLCs, limited liability companies, and partnership companies are called membership companies. In a stock company, shareholders are called members to distinguish them from employees. A corporation is made up of shareholders who hold shares. On the other hand, in a membership company, equity, which is the status held by the employees, is important. Among these, a limited liability company is a form of company taken by foreign companies such as Amazon, Google, and Apple that operate in Japan.

A corporation has three characteristics. The first is the separation of ownership and management. The management and shareholders are separate, and the shareholders with money ask the professional management to run the business. The second is the transferability of shares. In principle, shares can be freely transferred. The third issue is the ``limitation of shareholders.'' This means that shareholders will not be liable for more than the principal amount invested.

I'm tired today, so I'll stop here.