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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© Paul Hoang and IBID Press 1 Business & Management – Answer Book Important message from the author Dear Colleagues‚ Thank you for purchasing my textbook and for the encouraging words that many of you have passed on from around the world. In the final installment‚ I have put together answers/solutions to all 217 case studies. I hope you will find these solutions as a useful starting point. As with all B&M mark schemes‚ the solutions in this Answer Book should be used with caution
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Private sector Organisation is made up of: * For profit * Not-for-profit Types of ownerships Business aiming for profit The main types of business in the profit sector are: * Sole traders * Partnerships * Private limited company (PLC) * Public limited company * Co-operatives * Charities or none-profit makers * franchises Purpose of a business * The basic purpose of any business is to increase their chances of making profits. * A business will use source of information
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partnership. D. limited partnership. E. limited liability company. Refer to section 1.2 AACSB: N/A Difficulty: Basic Learning Objective: 1-3 Section: 1.2 Topic: Sole proprietorship 1-21 http://helpyoustudy.info Chapter 01 - Introduction to Corporate Finance 5. A business formed by two or more individuals who each have unlimited liability for all of the firm ’s business debts is called a: A. corporation. B. sole proprietorship. C. general partnership. D. limited partnership. E. limited liability
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master limited partnership pipeline company from Enron for $40 million in 1997‚ founding Kinder Morgan‚ Inc. (KMI) 1. The primary benefit of an MLP comes in the form of tax savings. While shareholders in a corporation face double taxation‚ owners of a partnership are taxed only once (when receiving distributions). Corporate income tax does not exist in the partnership. When cash distributions to MLP owners exceed partnership the difference is counted as a return of capital to the limited partner
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all parties involved. The structure made use of a specialized vehicle called a Master Limited Partnership form. On March 22‚ 2007‚ Blackstone rocked the investing world by announcing plans to go to public. WHY go public? WHAT are the built-in tensions with a public private equity firm? HOW does Blackstone’s structure attempt to reconcile them? IS Blackstone’s model the future for large scale PE? IF you were a limited partner (LP) in Blackstone‚ HOW would you view the structure Blackstone has put in
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explain the responsibilities of the organisation and the strategies employed to meet them‚ overall showing a general understanding of the purpose of business of Marks and Spencer. Categories of Organisation Marks and Spencer plc is a public limited company this means that they trade on stock markets such as the London stock exchange‚ and provide an annual report highlighting the company’s financial performance. Being on the London stock exchange allows the public and businesses to monitor the
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