Our group is working on the first project. The business is about interior design and the name of the company is going to be Design & Design. Our source information was from Dubai Department of Economic Development. The business that we are going to look can assume different forms such as Legal Forms of Business Structures Individual Establishment, Civil Companies, Commercial Company, Professional Work., Legal Forms of Commercial Companies, Partnership Company, Limited Partnership Company, Public Joint Stock Company (PJSC), Private Joint Stock Company, Limited Liability Company (LLC), Partnership Limited With Shares Company (PLS), and finally Branch of a Foreign Company. The reason that we choose this topic is that one of our group members is participating in it and also our other members interested in this category. The person that we are going to interview is Mr. Hazem Al-Khatib and we are going to talk about different areas such as: the process of choosing this business, and how to set up the business in dubai. Here is brief information about each form of the business and we will give the complete description in our later assignments.
Legal Forms of Business Structures Individual Establishment is an establishment owned by a sole proprietor to operate an economic activity (commercial, professional, industrial, agricultural or real estate).
Commercial Company: A company is a contract by which two or more persons enter into an economic profit-generating enterprise. They shall each subscribe a share either in the form of money or work effort, and share an enterprise’s profit or loss. An economic enterprise includes any commercial, financial, industrial, agricultural, real estate or any other type of economic activity.
Civil Companies: Civil com ...