decisions‚ government restrictions‚ personal liability‚ tax considerations‚ and the like” (Henry Cheeseman‚ 210‚ p. 529) Moreover‚ choosing the right form to run a business will also determine how the business is organized‚ how the cash flow is‚ and how the business is taxed. “The most common forms of business organization are: sole proprietorship‚ general partnership‚ limited partnership‚ limited liability partnerships‚ limited liability company‚ and corporation” (Henry Cheeseman‚ 210‚ p
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of business E.g. -Motorola‚ King Sturge consultancy‚ law firms etc. Private limited company is a business owned by shareholders‚ run by directors and liability is limited. Advantages-limited liability that means that the personal assets of shareholders will not be at risk of being detained by creditors - Business will not be affected by the status of the owner - Minimum number of shareholders to start the company needed is two. - More money can be raised as you can have a maximum of shareholders
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is a public limited company. This means it is a company registered under the Companies Act‚ with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability. Also next is a private sector. New look is a multi-nationally run company which is majorly successful in most countries. Aneesa’s Aneesa’s is a restaurant. Its purpose is to sell assorted kinds of foods to everyone. It is a private limited company. This means it is a company registered under
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Phoenix collegiate 12H Unit 1 The Business Environment Contents Task 1 Two Businesses on our door step * Types of businesses‚ purpose and ownerships of two contrasting businesses * Different stakeholders who influence the purpose of two contrasting businesses * How are two contrasting business are organised? * How the styles of organisation help them to fulfil their purposes? * Points of view of different stakeholders seeking to influence the aims and objective of two
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considering setting up an organisation there are a number of factors that should be considered. Depending on these factors will determine how your business will be set up‚ the three main types of business being Sole Traders‚ Partnerships and Limited Companies. Sole Proprietors - This business is wholly owned by one person only and will usually be financed personally by the owner. As the business grows‚ the owner can employ personnel for different functions. Advantages Easy start
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country and not just in one local area. An example of an international business is‚ Audi‚BMW‚ united nations and Tesco. These companies have locations all around the world and not just in one country‚ but they don’t have locations in every country in the world. Global is the biggest rang of business there is‚ This includes Nike‚ Coca-Cola and McDonalds. These companies have trade all around the world and have trade/ have shops in nearly every country in the world and you see their products in nearly
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Date: January 27th‚ 2014 To: Musgraves‚ Kacey From: Calm‚ Bea Subject: Unpaid Consulting Fees as performed for “Pasley‚ Bryan & Brooks‚ Barristers & Solicitors**” Memorandum and Objective: The purpose of the memorandum is to provide a detailed review and analysis of the legal situation considering “Paslay‚ Bryan & Brooks‚ Barristers & Solicitors**” and Facts: From the information presented to myself by Kacey Musgraves it is known that Kacey‚ operating under “Arrow Consulting”
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and a brief description of company founder as well as its history. The organisation selected by our group is called IFCA MSC Berhad. It Is a business software solution company and established in 1987. It is specializing in the property industry for 30 years and it has more than 500 staff across IFCA offices which are located in South Africa and Asia (IFCA MSC Berhad 2015). This company had been publicly listed as IFCA MSC Berhad in the Bursa Malaysia. The company designed and built the software
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the key characteristics of successful growth businesses. Most of the small businesses do not grow beyond their classification as a micro firm‚ very few of the small firms rise to become a medium-size enterprise‚ and even fewer rise to become large companies in the future. Storey (1994) has identified three key components in the analysis of the growth of the small firms‚ they are influenced by the characteristics of the entrepreneur‚ the characteristics of the organization; and the types of strategy
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Introduction The Tata group comprises over 100 operating companies in seven business sectors. The group has operations in more than 80 countries across six continents‚ and its companies export products and services to 85 countries. Tata Motors Limited is India’s largest automobile company‚it is a public limited company with consolidated revenues of INR 1‚65‚654 crores in 2011-12. It is the leader in commercial vehicles in each segment‚ and among the top in passenger vehicles with winning products
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