Overview
Case for Analysis
Ali, Abdullah, and Ahmed desire to establish a commercial company. They know that different commercial companies exist for a few distinct reasons. It calls their attention that as business partners, they must agree on several terms that are essential to their business. These include how much or what each partner would contribute how to improve their business towards prosperity, and what might be done with their business if it does not succeed. While these points are determined in their articles of association, they believe that it is additionally important to indicate what the partners are not permitted to do without the permission of all the partners. Likewise, the coming partners predict that there might be some legal issues that the business may experience later. The partners agree to consider the chance of increasing their benefits and profits rather than losses. The provisions of the commercial laws were laid out with more eye-catching details.
Based on the above-given case, answer the following tasks:
1. Introduction. With your acquired knowledge about the different types of commercial companies, suggest the type of commercial company that Ali, Abdullah, and Ahmed could establish and clearly discuss the characteristics of this commercial company that you have suggested to them. Create the name of their commercial company and display it in the top-centre part of your paper. (700 words)
2. Discussion
A. Based on your suggested type of commercial company for Ali, Abdullah, and Ahmed discuss when the company could lawfully operate in the market. Support with relevant literature (500 words)
B. Reflect on two popular, successful commercial companies that are similar to the type of company you suggested for Ali, Abdullah, and Ahmed, and reveal how this company is managed. (500 words)
3. Liquidation. In the light of the Commercial Laws in Oman proposed how their (Ali, Abdullah, and Ahmed) company be liquidated in case it is not doing well. (700 words)