are several choices of form of business organization that Mal and Lisa can opt to do their graphics business. If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart
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The advantages of multinational companies and small business In present-day society‚ multinational companies are advancing at an accelerated speed and have completely changed our lives. However‚ when it comes to small business‚ people hold divergent views. Some people assert that smaller ones are playing a key role in economy and citizens’ everyday life. This essay will compare and contrast the advantages of small companies and cross-culture corporations in macro and micro levels. Now we
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Company Profile The dream of many Kenyan urban dwellers to own houses remain elusive as the population grows there is increasing need for both the government and the private sector to facilitate house ownership for all classes of the population in order to provide long term security and the sentimental value that is drawn from owner ship of real estate. In order to meet the need of those who are in dare need of shelter turn around mentors limited was started by a team of committed Kenyans investors
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INTRODUCTION: A management system describes the organization and the set of significant interacting institutions and forces in the organization ’s complex and rapidly changing environment that affect its ability to serve its customers. A business firm must continuously monitor and adapt to the environment if it is to survive and prosper. Disturbances in the environment may spell profound threats or new opportunities for the firm. The successful firm will identify‚ appraise‚ and respond to the
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common usage‚ ‘Company’ means an association of persons associated for some common purpose. The common object may be business‚ charity‚ research etc. The persons are united for achieving a common objective‚ normally‚ for earning profits‚ which are shared by the investors. Definition of Company: Section 3 (1) (i) of the Companies Act‚ 1956 defines a company as: “A company registered and formed under this Act or an existing company.” The above definition does not give clear description about the
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ORGANIZATIONAL STRUCTURES AND FORMS OF ORGANIZATION What is Management? According to Henri Fayol‚ "to manage is to forecast and to plan‚ to organise‚ to command‚ to co-ordinate and to control." Fredmund Malik defines it as "the transformation of resources into utility." Management in businesses and organizations is the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectively. Natures of Management ◦
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|BUSINESS ENTITY | | | | | | | | | | | |Sole Proprietorship |Partnership
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disadvantages of each of these structures. When looking at forming any of these you must first look at who will be forming these. 1. Sole proprietorships; Individuals and small companies are better suited for sole proprietorships. There are several reasons why this is. a. Few business requirements b. Little or no cost to form. c. Tax advantages‚ can be claimed on your 1040 d. Single decision maker There are however some disadvantages of this structure such as liability. As a sole proprietor you
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Entrepreneurial Development Tara Anand Kumar INDEX * Success company – Flipkart.com Akul Singhal – 1011330 * Failure Company – Atkins Nutritionals Inc Tara Anand Kumar – 1011327 * Turnaround company- Dish Network Inc. Abhisekh Tripathy – 1011328 * Conclusion SUCCESS COMPANY FLIPKART Flipkart is an Indian online shopping company headquartered in Bangalore‚ India. Flipkart was established by Sachin Bansal and Binny Bansal both
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to ways maximum benefit deductions‚ rebates of the steps taken to ensure and means adopted by a exemptions‚ compliance etc and with the tax payer to evade tax by thereby provisions of the tax laws. minimizing tax liability. falsifying accounts concealing or income‚ inflating expenses etc. It’s fully within the It’s undertaken to fulfill the It’s clearly violations of law framework of law and it requirements contained in and unethical
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