5/8/2011 Company Law I Lecture3:Nature and Types of Companies 1 Comparison among Sold Traders,Partnerships and Companies Key Aspects Proprietors Partnerships Companies Nature in Law and Economics Sense Governing Law Key Players Relationship among Key Players Key Economic (Legal) Problem Timeline(formation, operation,wind-up,etc) 25/8/2011 1 Company Law I Lecture3: Nature and Types of Companies 1 Comparison among Sold Traders, Partnerships and Companies Key Aspects Proprietors Partnerships Companies Nature in Law and Economics Sense Governing Law Key Players Relationship among Key Players Key Economic (Legal) Problem Timeline (formation, operation, wind-up, etc) 2