Fossil Inc. clothing and accessorys Legal Structure Essay

Fossil Inc. clothing and accessorys Legal Structure - Essay Exampleapartnershipran by two or more people.Also, another option is an incorporated company where business activitiesare incorporatedinto a company, which bestowslifeon business as a separate legal person (Mancuso 4).The Fossil inc. Clothing and Accessory is adesign, development, marketing and distribution, company that focuses on consumer products predicated on fashion andvalue much(prenominal) as sunglasses, watches, and leather goods among others, for retail sale on an international basis. Fossil Inc. is an incorporatedbusinesssince itis formon a corporation. Incorporating a business provides a liabilityprotectionandconsiderabletax advantages. The business canmoveon despite the death or bankruptcy of shareholders ormanagement. Moreover, it offers the best sumofexpansionand the provision ofoutsideinvestors.Fossil Inc.is under the ownershipof two brothers Tom and Kosta Kartsotis who own about 30% of Fossil stock. In 1993, the Fossil Inc. exchange 20% of the company to investors, but Tom retained 40.5% control over thecompanywhile his brother retained 18.8% ownership. According to Richardson (1), initial public pass ofstock(public ownership) yielded $19 million, which Fossil Inc. used half of it to reduce the companysdebtand the other half to be kept as working capital. Additionally, in 1993, Fossil Inc. hadseveralsubsidiaries in Europe, led by Fossil Europe GmbH i.e. the companysprimaryEuropeanoperationin Germany.Other subordinate word companies of Fossil Inc. included Fossil Italia SRL and Fossil France SARL, which served as Fossils marketing, as well as distribution entities in those countries.In addition, Fossil B.V., formed in 1993, stood as a company holding for the three European subsidiaries, where Texas-based Fossil Inc. controlled 70 per cent of the newly formed European holding play along (International Directory of Company Histories 1).In 1994, Fossil Inc. was able