ABSTRACT
This chapter considers the various types of modern company. Modern companies are used for many more purposes than were ever considered by the people who drafted the early company's legislation. There is an enthusiastic prejudice among those who write about company law and in the company law jurisprudence that all companies carry on trade and that the hero of company law story is the entrepreneur. Senior management would control both businesses and the entire group of companies by operating as a board of directors of that holding company. One advantage of this structure would mean that it would be possible to sell off either business simply by selling the shares in the appropriate company if management wanted to concentrate on other business. A front company is a company that merely creates the technical legal fiction that a particular group of assets are owned by that particular company in a way that distances them from human beings who operate that company.
