will discuss each structure. Business Structure There are three types of business structures‚ partnership‚ sole proprietorship and a general corporation. Each structure has its disadvantages and advantages but the key is doing the research to determine which business structure will be suitable for your business venture. Many people may not be interested in running a small business so a sole proprietorship may not be the favorite structure to start with‚ or maybe when starting a business you may want
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11P0023 MBA 1(A) Assignment 1 Corporate Finance Submitted to: Sir kumail Rizvi Comparative analysis of different forms of business organization Ownership A sole proprietorship has only a single owner. A partnership has two or more owners. A corporation can have an unlimited number of owners. Liability In Sole proprietorship the liability is unlimited; owners are responsible for whatever profit the business gets and whatever loss the business incurs. In partnerships the profits
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of the 3 different forms: sole proprietorship‚ partnership or corporation. Sole Proprietorship Sole proprietorships are businesses that are owned by a single person. A sole proprietorship is the easiest to form and the most common form of business. One advantage of this type of business structure is that it is quite simple and easy to start and launch. Another advantage is that the owner has complete control over the business and fairly easy tax preparation. Sole proprietorships have no hard
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SOLE PROPRIETORSHIP: A Sole Proprietorship is a form of business that is owned and operated by one person. A sole proprietorship can be started with no state filing that is required. The sole proprietor has unlimited responsibility for all business gains‚ losses‚ and debts. A sole proprietorship does not distinguish between personal and business assets. * Liability: A sole proprietorship has unlimited liability. This can affect all the owners’ assets‚ both business and personal. * Income
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(RCBD) six treatments and five replicates. The treatments were as follows; (1) Cowpea intercropped with maize at 50 X 50cm spacing; (2) Cowpea intercropped with maize at 25 X 25 cm spacing; (3) Sole maize at 50 X 50cm spacing; (4) Sole cowpea at 50 X 50cm spacing; (5) Sole maize at 25 X 25cm spacing and (6) Sole cowpea at 25 X 25cm spacing. Each treatment was replicated five times to make thirty (30) experimental plots. The planting of maize (Zea mays) and the cowpea (Vigna
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Task One Comparison between the different organisations and their financial statements The International Accounting Standards Board is the independent‚ accounting standard-setting body of the IFRS Foundation.[1] It is responsible for developing and promoting the use and application of these standards. Trading Profit and Loss Account: A company keeps different types of financial records in order to monitor their performance and ensure that their taxes are paid. These will include cash flow
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individual circumstances of the business concerned. A sole trader is the most straightforward model as there are few formalities in setting up. An individual trades independently under his/her own name. This individual makes all the important decisions‚ is responsible for paying all of the debts and can employ as many people as he/she wishes. Examples of sole traders are corner shops‚ coffee shops and carpenters. The advantages of a sole trader are that decisions can be made quickly‚ problems
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Entertainment- sole trader Report created by: Easy Accounting a) The Advantages for Fantastic Entertainment to Expand • Present position of Maturity on the business life cycle The advantages to Fantastic Entertainment expanding their business will increase their ability to increase sales/ revenue. By staying in the maturity stage of BLC business they will decline due to competition. Other businesses that have expanded are more efficient and offer more product. • Sole trader to partnership
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most common known business entities are; sole proprietorships‚ general partnerships‚ limited partnerships‚ corporations‚ and limited liability companies. Each business entity has its advantages and disadvantages. With each business entity‚ there are different types of personal liability exposure as an owner (see Table 1). I currently own five different businesses and each one of them is a different type of business entity. “Tinker’s Home Security Service (sole proprietorship) Tinker & Tailor’s Home
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Ouestion (a) Sole Proprietorship Sole proprietorship is a business owned one person‚ who has full control of the business and how it is run. They also own all the assets of the business and any profit that it makes. In the same vein‚ they are also responsible for all the debts and liabilities the business accrues. There are lots advantages by being a sole trader. The first advantage is easy formation. The formation of sole proprietorship business is very easy and simple. No legal formalities
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