trader to company to take the benefit of limited liability and other benefits as well. He wants advice for forming a company which is the most appropriate for him. Proprietary company unlimited by shares capital‚ public company unlimited by shares capital‚ public company limited by guarantee and public company with no liability are the companies which are not appropriate for Ted. As‚ the companies have unlimited liabilities which Ted do not want to establish and also no liability company is done for
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between both Partnership and Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business. For this particular project‚ our group assumed that Mr. Tan used to be an accountant working for a big accounting firm and is now looking to set up a small accounting consultancy business. 1 Process Required to Setup Business Organization Below are the processes to setting up a partnership and a
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Companies The formation of incorporation is by registration with the companies acts 1963-2012.Companies can be registered with limited or UN limted liability or as a private or limited company. The legislation will distinguish between limited and unlimited‚ by which liability of the members is limited‚ between the companies with share capital and without share capital. This went between the private and public companies. A company limited by shares Companies act S 5(2)1963. At the end of 1983‚ there
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BE USED IN THIS PAPER. The number of marks is given in brackets [ ] at the end of each question or part question. The total of the marks for this paper is 80. This document consists of 20 printed pages. DC (SLM/SW) 64206/2 © UCLES 2013 [Turn over 2 ELECTRONIC CALCULATORS MUST NOT BE USED IN THIS PAPER. 1 Evaluate (a) 4 2 - ‚ 7 5 For Examiner’s Use (b) 5 2 ’ � 8 3 Answer �������������������������������������������� [1] 2 Answer ��������������������������������������������
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|PAGE NO. | |1 |Introduction |2-4 | |2 |Overview of Limited Liability Partnership|4-10 | | |Act‚ 2008 | | |3 |Tax implication
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Advantages and Disadvantages of Private Prisons and Jails Learning Team A CJA/303 June 9‚ 2010 James Wilson Advantages and Disadvantages of Private Prisons and Jails In the United States‚ prison overcrowding and budget cuts within the criminal justice system have lead to an increase in the need and the development of private prisons and jails. According to Wikimedia Foundation‚ Inc. (2010)‚ "A private prison is a place in which individuals are physically confined by a third party that is
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The first private prison opened‚ well closed rather‚ its doors in 1984. This initiated a rapid expansion of private correctional facilities within the state and federal correctional industries. At the forefront of the private corrections industry are the Correctional Corporation of America and The GEO Group‚ Inc. These two privately contracted companies have become billion dollar corporations. Since the influx of these types of correctional institutions‚ there have been many studies and statistics
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Q1: What are advantages and disadvantages to Jenifer’s company of routinely administering honesty tests of all it employees? There are positive advantages and some disadvantages of regularly conducting honesty test of workers. Honesty test helps to spot culprits in the organization. These types of people are indulged in dishonorable and dishonest actions. Through this identification the personal managers can easily get rid of these type of employees. Polygraph testing raises a large number of
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The Advantages And Disadvantages of Multinational Companies In a modern society‚ many multinational companies have been founded. They are called multinational corporations because these corporations operate in more than one country at a time. For example‚ McDonalds‚ Pepsi‚ KFC‚ Nike. I will discuss the advantages and disadvantages of these corporations. For the advantages‚ Firstly‚ multinational products and services provide the best possible standards. Because in a foreign country
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The Appeal of the Limited Partnership “Flow Through Vehicle” in First Nation Venture Structuring Presented by: Malcolm P. MacPherson Barrister & Solicitor Principal | Vancouver Business Law ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Suite 1200 - 543 Granville Street Vancouver‚ BC‚ V6C 1X8 Tel: 604.629.8904 Cell: 604.928.4202 Fax: 604.629.8523 Email: mpm@vancouverbusinesslaw.ca Website: www.vancouverbusinesslaw.ca 1. Introduction 1.01 General Overview In British Columbia‚ there are three
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