[pic] Ownership of the business Top shop is operating in private sector. It is a Public Limited Company this means they sell their shares on the stock exchange and that it’s available to the public to purchase shares. Every public limited business is regulated by law to include a plc at the end of their brand name. Since top shop is a public limited company it has a limited liability. Limited liability is when the business goes bankrupt; the owner is not responsible for its debt. Top shop
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TASK ONE: Koptaco has offered its transport since 1997. Koptaco Coaches have all different types of cars‚ mini-vans and privates coaches. People can book any type of transportation they need and a driver can take them where they like‚ but with a fee. People can also book for individuals‚ small groups or larger groups of people. People can book by telephone or even online. Website: http://www.koptaco.com/home.aspx TASK TWO: The Malta Tourism Authority was set up in 1999. The MTA gives their
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entities are taxed as flow-through entities? The two main business entities that are taxed as flow-through entities are partnerships and S corporations. Partnerships are taxed under Subchapter K and consist of general partnerships‚ limited partnerships‚ and limited liability companies (LLC). S corporations are taxed under Subchapter S. Both these types of business entities are treated as flow-through entities and are taxed accordingly. 3. [LO 1] Compare and contrast the aggregate and
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The form of Ownership: Tesco doesn’t have a fixed ownership as it is own by thousands‚ this is because Tesco is a public limited company or PLC. Tesco is a PLC because of its huge number in size. Due to its size it would be almost impossible for a sole trader to raise enough funds to keep the business going. PLC is called public limited company which has limited liability‚ this means that you lose what you invest in the business; this also means that Tesco owners can buy and sell share holds
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Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
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unlimited liability whereas a limited partnership has an outline of each partner’s role in assumption of liability Support/Reason Two In a general partnership you receive an equal share‚ however with a limited partnership you have only invested in a portion of the business Support/Reason Three (may be there or not…could be the contrasting paragraph) A general partnership is involved with many more aspects of the daily operation of the business whereas a limited partner is not. 4. Are their
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Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
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INTRODUCTION ------------------------------------------------- ------------------------------------------------- From Adam Smith to Joseph Schumpeter‚ those who study the development of societies have considered entrepreneurial capital accumulation as the engine that drives economic growth (c.f.‚ Van Stel‚ Carree & Thurik‚ 2005). For entrepreneurship to take root‚ it must be possible to accumulate capital are at a rate exceeding immediate consumption. There are two ways to achieve the minimum
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Outline of the Lecture 1. Doing Business in Poland (Socio-Cultural Aspects) Krzysztof Wach‚ PhD Cracow University of Economics Faculty of Economics and International Relations Department of Entrepreneurship and Innovation 2. 3. 4. 5. investment climate cultural dimensions Poland and classifications of cultures historical influence useful tips appendix 1: business legal forms appendix 2: starting up procedures © Dr Krzysztof Wach - Kraków 2010 2 Poland - Economic facts Part 1 Investment
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Abercrombie and Fitch is one of today’s most popular clothing companies that cater to American’s youth culture. Abercrombie and Fitch clothing is worn by children and young adults‚ but is largely marketed to the college-age population. Abercrombie and Fitch have been in existence since 1892‚ beginning as an outdoors sporting goods supplier. Today‚ A&F stores can be found in malls across America and the A&F logo is easily seen on any high school or college campuses. Abercrombie and Fitch clothes
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