rice trading
DESCRIPTION OF BUSINESS LOCATION OF THE OFFICE
The location of my business is in Malanday Marikina City because the owner of the business is a resident of Malanday Marikina City. I am currently renting a place in Malanday to put up my rice business.
COMPANY HISTORICAL BACKGROUND SM’s Rice Trading is a newly business
LEGAL STRUCTURE AND OWNERSHIP
SOLE PROPRIETORSHIP
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as Nancy's Nail Salon. The fictitious name is simply a trade name--it does not create a legal entity separate from the sole proprietor owner.
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business. A distinct disadvantage, however, is that the owner of a sole proprietorship remains personally liable for all the business's debts. So, if a sole proprietor business runs into financial trouble, creditors can bring lawsuits against the business owner. If such suits are successful, the owner will have to pay the business debts with his or her own money. COMPANY EXISTING FACILITIES
Electricity, water and telephone are all important in operating a business. It helps in the serviceability of the business. MERALCO (Manila Electric Railroad and Light Company) will provide the power supply in the warehouse and the office. MAYNILAD (Maynilad Water Services, Inc.) will be the one responsible for the water system that will be used also in warehouse, office and the pond.
The telephone line to be used in communicating and transacting with customers, as well as handling the company
The location of my business is in Malanday Marikina City because the owner of the business is a resident of Malanday Marikina City. I am currently renting a place in Malanday to put up my rice business.
COMPANY HISTORICAL BACKGROUND SM’s Rice Trading is a newly business
LEGAL STRUCTURE AND OWNERSHIP
SOLE PROPRIETORSHIP
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as Nancy's Nail Salon. The fictitious name is simply a trade name--it does not create a legal entity separate from the sole proprietor owner.
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business. A distinct disadvantage, however, is that the owner of a sole proprietorship remains personally liable for all the business's debts. So, if a sole proprietor business runs into financial trouble, creditors can bring lawsuits against the business owner. If such suits are successful, the owner will have to pay the business debts with his or her own money. COMPANY EXISTING FACILITIES
Electricity, water and telephone are all important in operating a business. It helps in the serviceability of the business. MERALCO (Manila Electric Railroad and Light Company) will provide the power supply in the warehouse and the office. MAYNILAD (Maynilad Water Services, Inc.) will be the one responsible for the water system that will be used also in warehouse, office and the pond.
The telephone line to be used in communicating and transacting with customers, as well as handling the company