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Du kan også låse deg til Flash ved å klikke på "puslespillbiten" øverst til høyre i nettleseren din.Du benytter nå den fullverdige og optimerte Flash-versjonen av chatten.For example, if I form a company called ‘Murphy & Co Ltd’ in which I own one hundred per cent of the shares and am a director and employee, legally speaking the company and myself are two distinct people.

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He sold his business to the newly formed company, A Salomon & Co Ltd, and took his payment by shares and a debenture or debt of £10,000.

Mr Salomon owned 20,000 £1 shares, and his wife and five children owned one share each.

However, the House of Lords held that the company was a different legal person from the shareholders, and thus Mr Salomon, as a shareholder and creditor, was totally separate in law from the company A Salomon & Co Ltd.

The result was that Mr Salomon was entitled to be repaid the debt as the first secured creditor.

Some years later the company went into liquidation, and Mr Salomon claimed to be entitled to be paid first as a secured debenture holder.

The liquidator and the other creditors objected to this, claiming that it was unfair for the person who formed and ran the company to get paid first.

In other words, if a corporation, in the course of doing business, is involved in any legal action, then the corporation, for legal purposes, is its own person.

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