Question

defination of business organization under new commerical code of ethipia

Answer 1

Do you mean the definition in Ethiopia’s recently enacted Commercial Code? I’ll give a concise, plain-language summary plus the common legal categories the Code recognizes. If you want the exact statutory wording and article number, tell me which version of the new Code you have (date or proclamation number) and I’ll quote it.

Definition (plain language)
- A “business organization” (or “enterprise”) under the new Ethiopian Commercial Code is any natural person or legal entity that carries on commercial (trade) activities on a regular basis. The term covers individual merchants as well as organized entities formed to carry on business.

Forms of business organization recognized under the Code
- Sole proprietor / individual merchant
- Ordinary (general) partnership
- Limited partnership
- Private company (company with limited liability; closely held company)
- Share (public) company
- Cooperative societies (where engaged in commercial acts)
- Branches or agencies of foreign companies operating in Ethiopia
- Other forms the Code expressly provides for

Key legal consequences (brief)
- Different forms have different rules on formation, registration, management, liability of owners, capital, transfer of shares/interest, and dissolution.
- Most commercial entities must register in the commercial register to obtain formal recognition and certain legal protections.
- Legal personality (separate from owners) depends on the form: corporations/companies and cooperatives have separate legal personality; partners in general partnerships have joint/solidary liabilities unless limited by statute.

If you’d like, I can:
- Find and quote the exact article from the new Commercial Code that defines “business organization” (please tell me the Code’s date or proclamation number you have), or
- Summarize the formation, registration, and liability rules for any specific form (e.g., private company or limited partnership).