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Rather rare firms could rise on feet without strong support of banks. The conclusion The last decades a XIX-th century corporation as a form of an enterprise It began to be used and there where there was no need in state authorities,
-- That is there, where were not necessary the right of the compulsory repayment of the earth, the right on
Monopoly and some other governmental authorities. Became standard
The concept of the enterprise which are carrying out trade and production, belonging
To group of individuals and operated hired managers.
The incorporated business enterprise has more than the general with associations
(Especially with the limited liability companies), with trusts, with
Monopolies, the public service enterprises. And only from the middle XIX
Centuries the West has ripened to allow the groups of persons, united for the sake of
Purely economic purposes to receive the status of the legal person without
The corresponding decision legislative or executive power.
Different circumstances pushed to group patterns of ownership in the different
Branches and during the different periods of time. It was possible to expect the gradual
Distributions of a corporate pattern of ownership to the world, where for a long time
The existing enterprises started to pass to successors - and consequently
Required incorporation, and also there where incorporation was necessary for
Attraction of capitals to the new enterprises. It also occurred in all western
The countries after 1850th years. Nevertheless, this tendency was far not
Universal, and many enterprises, including very large, saved
The form of associations or the individual property. Legal and
Economic forms of the western enterprises were still very diverse,
And each on the was accustomed to varying circumstances.
In the issue corporation laws have appeared fruitful and were that
The legal form which met organizational requirements of the industry
XIX-th century. But legal changes occurred only in reply to the economic
Requirements, and frequently the necessary answer appeared with big backlog,
Occurrence of such intermediate forms, as was result of that
Not incorporated incorporated companies, associations with hundreds passive
Partners and trusts.
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