材料全屏 Mick has operated a house building business as a sole trader for a number of years. The business is growing and in recent times, Mick has taken out a loan to buy business assets. Mick is considering tendering for a couple of very large contracts that should earn the business substantial sums, but also increases his potential liability if he is in breach of contract. Now his accountant has recommended that he should consider registering as a company in order to gain the benefits of separate corporate personality. 22 【论述题】 State what is meant by separate corporate personality
【参考答案及解析】
Separate corporate personality means that company is distinct as a separate legal person from its owners or members and hence a 'veil of incorporation' exists between them. The distinction between a company and its members was clearly set out in Salomon v Salomon & Co Ltd 1897.
Separate corporate personality means that company is distinct as a separate legal person from its owners or members and hence a 'veil of incorporation' exists between them. The distinction between a company and its members was clearly set out in Salomon v Salomon & Co Ltd 1897.