In liberalised economies such as Zambia government has been making efforts to have a private sector run economy. For a private businesses, there are different forms of entities through which business can be conducted. This module explores the different forms of entities that a business can operate under. The module begins by explaining what is meant by business and explains the different entities through which that business may be conducted. The module explores the types with a look at sole trader business, partnership, company and cooperatives. The module highlights how each of the said entities are established and the character each one has, how they are run and wound up.
The objectives of this module are:
At the end of the module you should be able to:
UNIT 1 – BUSINESS ENTITIES: AN INTRODUCTION
UNIT 2 – SOLE TRADER
UNIT 3 – PARTNERSHIP BUSINESS
UNIT 4 – COMPANY
UNIT 5 – COOPERATIVES
Klein William A, Ramseyer Mark J. Bainbridge Stephen M. (2010). Business Associations: Cases and Materials on Agency, Partnerships and Corporations. Foundation Press
Malila Mumba. (2019). The Law of Business Associations in Zambia: An Introduction. Juta & Company Publishing.