Fossil Inc. clothing and accessorys Legal Structure Essay

fogey 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 bestows life sentenceon business as a separate legal person (Mancuso 4).The fogey inc. Clothing and appurtenant is adesign, development, marketing and distribution, company that focuses on consumer products predicated on fashion andvaluesuch as sunglasses, watches, and leather goods among others, for retail sale on an international basis. Fossil Inc. is an incorporatedbusinesssince itis formedon a corporation. Incorporating a business provides a liabilityprotectionandconsiderabletax advantages. The business can sparkon despite the death or bankruptcy of shareholders ormanagement. More all over, it offers the bestmeansofexpansionand the readiness 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. sold 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 offering ofstock(public ownership) yielded $19 million, which Fossil Inc. used half of it to reduce the companysdebtand the other half to be unbroken as working capital. Additionally, in 1993, Fossil Inc. hadseveralsubsidiaries in atomic number 63, led by Fossil Europe GmbH i.e. the companysprimaryEuropeanoperationin Germany.Other subsidiary companies of Fossil Inc. include 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 Company (International Directory of Company Histories 1).In 1994, Fossil Inc. was able