Advantages a. Easily established with few complications b. Minimal organizational costs c. Does not have to share profits or control with others 2. Disadvantages a. Unlimited liability for the owner b. Owner must absorb all losses c. Equity capital limited to the owner’s personal investment d. Business terminates immediately upon death of owner B. Partnership: An association of two or more individuals coming together as co-owners to operate a business for profit. 1. Two types of partnerships a
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OVERVIEW OF CHINESE COMPANY LAW (I) Legal characteristics of Modern Company A modern company has a set of legal characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate
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Introduction to Business (Question for 1st semester midterm exam.) # What is business? Ans : An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned‚ not-for-profit or state-owned. An example of a corporate business is Grameen Phone‚ while an Azad Products is a private
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5 3.2 YO SUSHI 6 Small brief about yo sushi 6 3.3 UICEF 7 Unicef is a charity‚ work to protect child rights‚ UNICEF UK established in 1956 and is one of 36 UNICEF National Committees based in industrialized countries. It is a charitable company limited by guarantee and is governed by a Board of Trustees. The Board meets regularly to discuss governance matters‚ including the charity’s vision‚ mission and strategic direction. 7 3.4 The Comparison Table 8 4 Report Brief: 9 5 Forms Of Ownerships: 10
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corporate personality. It is one of the consequences of the Company Act 2006 which incorporated a sole trader company to a limited company. When a company has undergone incorporation‚ it simply means that the shareholders of the company are separated from the company. Therefore‚ the shareholders have limited liability. In an incorporated company‚ shareholders get a benefit of having limited liability. The assets of the company do not belong to its members and the company can only sue or be sued under its
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MEMORANDUM OF ASSOCIATION Company- Company is a voluntary association of persons formed for the purpose of doing business having a distinct name and limited liability. It is a juristic person having a separate legal entity distinct from the members who constitute it‚ capable of rights and duties of its own and endowed with the potential of perpetual succession. The Companies Act‚ 1956‚ states that ’company’ includes company formed and registered under the Act or an existing company i.e. a company
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COMPANY PROFILE Woolworths Limited REFERENCE CODE: 2FF5536D-6BA6-4CE5-81DF-4EABB0A5A391 PUBLICATION DATE: 8 Jul 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Woolworths Limited TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts.................................................................................
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1987 Company was originally incorporated as Hybo Knit Private Limited. The name of the Company was subsequently changed to Lovable Lingerie Private Limited by a special resolution passed at the EGM of the Company held on November 30‚ 1995. The Company converted into a public limited company on February 8‚ 2010 and fresh certificate of name change consequent upon conversion of the Company from a private limited company to a public limited company issued by the RoC on April 19‚ 2010 with the name Lovable
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CLEAT ENGINEERING LIMITED Please note that this Case Study is fictional and for demonstration purposes only. Sample Business Plan. Cleat Engineering Limited‚ Business Plan. Date: 200? Sample Plan for Demonstration Purposes Only © 2004‚ Moran & Associates 1 CLEAT ENGINEERING LIMITED Cleat Engineering Limited‚ Business Plan. CONTENTS : SECTION 1 SECTION 2 SECTION 3 EXECUTIVE SUMMARY. INTRODUCTION. MARKET. Overview Trend Size and potential Competition Customers
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proprietorship A) Unlimited liability of shareholders B) Access to the capital markets C) Limited life D) Elimination of double taxation on corporate income E) All of the above Answer B Diff 2 Topic 1.1 Finance An Overview Keywords corporation 4) Which of the following reasons is most responsible for corporations being the most important form of business organization in the United States A) Corporations have limited life. B) Stockholders have unlimited liability. C) Corporations are subject to less
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