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How does legal personality and continuity help business companies to operate effectively?
Wiki User
∙ 11y ago
"Legal Personality : A company is legally recognized as having an identity separate from that of its owners. This means, for example, that if the products sold by a company are found to be dangerous or faulty, the company itself can be prosecuted, not the owners, as would be the case with either a sole trader or partnership. A company can be sued and can sue others through the courts."
"Continuity: In a company, the death of an owner or director does not lead to its break-up or dissolution. All that happens is that ownership continues through the inheritance of the shares, and there is no break in ownership at all."
Answer: Legal Personality and Continuity help companies and businesses to operate efficiently because both of them protect the company or business to collapse because of a lack of owner.
Source: Business and Management for the IB Dipolma. by Peter Stimpson and Alex Smith (pg. 14)
Wiki User
∙ 11y ago
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What is the objective of a continuity plan?
Business Continuity planning method is used to resume the business after disaster. When companies are not prepared with business continuity plan then in case of any disaster will lose valuable information. People can find many companies providing ideas and services for business continuity planning such as Maclear LLC.
Where can one find business continuity software?
There are dedicated business continuity software companies that can be found via business contacts, the Yellow Pages, or on the internet. Many companies choose to develop their own business continuity software in-house. This approach allows the software to be tailored to the particular business.
What companies provide a business continuity service?
Netpulse, Verizen Terremark, Expedient, and Cervalis all offer a business continuity service. These companies offer services to help one get their business back up and running after a disaster.
Which companies offer Business Continuity Solutions?
Business Continuity Solutions is a software which will aid in the recovery from a power failure or system outage. Some companies which offer this include NetApp, EMC, and VMware.
What companies sell business continuity software?
There are a large number of businesses that currently sell business continuity software. Some of these businesses are Barracuda, Enterprise Data, Sales Force and Continuity Central.
What is business continuity?
It is about plans and strategies that will enable you to continue your business operations and enable you to recover quickly and effectively from any type disruption and it provides a framework for building organizational resilience. Business continuity plan is most important for an organization to recovery the business after any disaster. There are companies such as Maclear LLC providing this services. So an organization can easily find solutions.
Where can business continuity tools be found?
Business continuity tools can be found on the All Stream website. There are other companies who can also provide these tools for one's business similar in nature.
What is the primary goal of a business continuity planning?
Business Continuity plan involves in defining risks, determining how it will affect the organization and to mitigate the risks. Maintains a repository of tests related to business continuity and disaster recovery.Organizations can assess the criticality of assets, business processes and technologies to develop business continuity and disaster recovery plans. Now a days there are many companies which provides Business Continuity Solutions such as Maclear.
What is the main service of a business continuity consultant?
Business continuity consultants help companies figure out their long-term goals. These consultants assist clients in planning for the future and remaining a viable business.
How does one start a business continuity program?
A business continuity program is a form of cheap insurance that provides a procedure for how a company will continue running in the case of a disaster, such as a fire at the office. You can get a business continuity program general insurance companies and filling out the required paperwork.
What is the purpose of business continuity and disaster recovery planning?
Business continuity and disaster recovery planning are plans that companies have in case their base of operations experiences unexpected destruction. It allows these companies to pick back up from where they left off with less issues.
What are business continuity certifications used for?
Business continuity essential refers to a business' ability to deliver a specific service through a hierarchy, and business continuity certification is successful completion of an audit by a continuity analyst.
