ABSTRACT
This chapter deals with the formation and regulation of a common alternative form of business association to the partnership, namely, the registered company. The flexibility of the company form of organisation is shown by the fact that it is used by businesses of widely different sizes and needs, from the one-man business to the transnational corporation. In fact, the register of all companies shows that the overwhelming number (almost 99%) are, in fact, private companies which may be seen as sole traders, or partnerships which have assumed the legal form of the registered company (see below, 13.3.2).
