sued5.3 Perpetual succession5.4 Ability to own property5.5 Limited liability for its members | 8910101112 | 6.0 | Types of company6.1 Company limited by shares6.2 Company limited by guarantee6.3 Company limited by both shares and guarantee6.4 Unlimited company | 1414141515 | 7.0 | Private and public company7.1 Private company7.2 Public company | 161617 | 8.0 | Comparison between private company and public company | 19 | 9.0 | Conclusion | 20 | 10.0 | References | 21 | ACKNOWLEDGEMENT
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THE ORGANIZATIONAL PLAN The organization plan must include location of your organization‚ describe the area in which it works - is it just your country territory or maybe its reach is beyond borders. In the plan‚ introduce an organizational structure of your organization‚ present professional experience and achievements of people who are to manage the project and this will authenticate your intentions. Present the employment plan for the next few years. How many people you are going to hire and
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remained a Sole Proprietorship? Why or Why not ? In my opinion ‚ I would say no due to the fact that it would have caused the disadvantage of limit growth‚ limited reasons and unlimited liability. In terms of partnership it would bring about conflicts with a partner‚ division of profits‚ difficulty termination and unlimited liability. As a corporation ‚ they would have encountered limited liability‚ the ability to raise more money investments‚ ease of ownership change and the ease of separating
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county clerk. b. Greatest freedom from regulation and paperwork. c. Owner is in direct control‚ with no interference from other owners. d. Taxes may be lower than for regular corporations. The disadvantages of a sole proprietorship include: a. Unlimited liability. The proprietor is responsible for full amount of business debts no matter how incurred‚ which means that his personal property may be taken to cover debts of the business. This of course is a significant disadvantage. b. Unstable business
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Case Study: Netflix Drawing from the Oaks Reading on Innovation and Competitiveness‚ what strategy did Netflix use initially in competing with Blockbuster? How did it evolved over time? In hindsight‚ what could Blockbuster have done to defend itself against Netflix? Netflix’s initial strategy revolved around the use of the internet and the United States Postal Service to deliver DVD’s to subscribers and could be described as disruptive innovation. Reed Hastings used the internet and postal service
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Before the Bolshevik Revolution‚ Russia was in the traditional economy. Which mean Russia was under-developed country. It both has the advantages and disadvantages. In the traditional economy system‚ everyone knew the three basic economy questions (what to produce; how to produce; for whom to produce). They produced what their former generation produced. Farming‚ hunting‚ and gathering as three basic ways to live were done the same way as the generation before. Also‚ customs gave the economic decisions
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means that if one person uses a resource‚ no other person is deprived of its use‚ i.e. unlimited apples on a tree. In this environment‚ there is no need for an economic system or property agreement as there is no need for appropriations of land by physical force. However‚ there is a hidden flaw in this supposed utopian Garden of Eden; there remains a scarcity of human bodies whilst human desires are unlimited and these desires might involve the use of other’s bodies. Instinctively‚ people will state
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Katrina Rose S. Mendoza MGT 201: Theory and Practice of Management Book Analysis: Art of War as applied to PLDT Founded on November 28‚ 1928‚ Philippine Long Distance Telephone Company (PLDT) is the leading telecommunications provider in the Philippines. Its mission is to be the preferred full service provider of voice‚ video and data at the most attractive levels of price‚ service quality‚ content and coverage‚ thereby bringing maximum benefit to the Company’s stakeholders. When PLDT was
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thought and wrote about the social responsibility of organizations. Here are five of his corollaries to corporate social responsibility. 1. Government cannot solve many social problems 2. The corporate mission comes first 3. There is an unlimited liability clause 4. There are unique ethics of social responsibility 5. There are opportunities for competitive advantage in fulfilling social responsibility Government Can’t Do It Drucker analyzed the issue and found increasing disenchantment
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taxation). Potential employees may be attracted to the business if given the incentive to become a partner. The business usually will benefit from partners who have complementary skills. Disadvantages of a Partnership General partners have unlimited liability. Partners are jointly and individually liable for the actions of the other partners. Profits must be shared with others. Since decisions are shared‚ disagreements can occur. Some employee benefits are not deductible from business income
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