1: Forms of Business Organisation (Indian Context) Sourav Sinha Forms of Business Organisation : While establishing a business the most important task is to select a proper form of organisation. This is because the conduct of business‚ its control‚ acquisition of capital‚ extent of risk‚ distribution of profit‚ legal formalities‚ etc. all depend on the form of organisation. The most important forms of business organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership
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Legal Forms of Business Tim Yeakley AIU Online Abstract There are three different legal forms of business and all vary in levels of liability‚ ownership‚ and P&L control. An inventor who has developed a new product needs to determine the proper form of business to establish. The inventors’ situation is unique and narrows his choices of business types due to his lack of financing‚ business skills‚ and family. The three types of business he would have to research are sole proprietorship‚
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a process guided by the environment. Organization needs to change its structure as well as the system to meet the goals and the mission. Basically‚ Organizational change is in subject to organization structure change‚ as just opposite of smaller changes just like recruiting a new employee‚ modifying and altering an equipments and machineries etc. Organizational structure change can be included a change in vision‚ mission and its strategy‚ restructuring business processes‚ change in the way of operations
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Real Business Cycle Models: Past‚ Present‚ and Future∗ Sergio Rebelo† March 2005 Abstract In this paper I review the contribution of real business cycles models to our understanding of economic fluctuations‚ and discuss open issues in business cycle research. I thank Martin Eichenbaum‚ Nir Jaimovich‚ Bob King‚ and Per Krusell for their comments‚ Lyndon Moore and Yuliya Meshcheryakova for research assistance‚ and the National Science Foundation for financial support. † Northwestern University
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1. Sole trader businesses are the easiest to set up because there is no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the
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Q.1. Management As the world moves through the 21st Century‚ business is becoming more dependent upon professional managers‚ who can bring success to an organization. Issues such as globalization and decentralization add to the need for organization’s to hire flexible managers capable of leading. A 21st century manager should possess three traits and utilize them to lead organizations: the ability to stimulate change‚ excellent planning capabilities‚ and ethics. A manager can be defined as “a
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THE LAW OF BUSINESS ORGANIZATIONS Chapter 16 – Law of Sole Proprietorship and Partnership * Sole proprietorship – A business where the sole owner is responsible for the management and debts of the business. * Registration/licensing issues; Flexibility * Partnership – Partnership Act (Ontario) defines partnership as a relationship that subsists between two or more persons carrying on business in common with a view to profit. * Differences between partnership and co-ownership
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Business Organization Research Notes Sole proprietors must also pay self-employment (SE) tax‚ a Social Security & Medicaire tax primarily for individuals who work for themselves. SE tax is figured using Schedule SE (Form 1040). Social Security & Medicaire taxes of most wage earners are figured by their employers. The SE tax rate is currently 15.3%. The rate currently consists of two (2) parts: 12.4% for Social Security (old-age survivors and disability insurance) and 2.9% for Medicaire
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Business Ethics Some people say that ethics do not have anything to do with business. Others say that businesses have moral obligations that go beyond just functioning according the law and doing what is best for the company and its shareholders. Business ethics examines ethical principles‚ ethical problems and obligations that apply to people doing business. Companies have the obligation to ensure that their actions cause as little harm as possible to the environment‚ society and employees. It
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What are the primary internal organization considerations for the development of a strategic plan? Which consideration is the most important? Why? Strategic planning is the process followed by an organization in which it defines its strategies and makes plans for proper allocation of its available resources to achieve its objectives. While developing a strategic plan‚ it is essential to consider the various internal organizational factors in order to help the plan succeed. The internal organizational
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