Date: Friday 26th September 2014 Submission Date: Tuesday 30th September 2014 Unit 2: The Business of Travel and Tourism 2.1: The travel and tourism business environment The Public Sector The public sector consists of regulatory bodies‚ conservation groups and public sector organisation which are funded by local‚ regional and central government‚ . A good example of a localy funded organisation would be Dover ’s local tourist information centre‚ controlled and funded by Dover District
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Chapter 20 Forming and Operating Partnerships Solution Manual Discussion Questions: 1. [LO 1] What is a flow-through entity‚ and what effect does this designation have on how business entities and their owners are taxed? Flow-through entities are entities that are not taxed on the entity level; rather‚ these entities are taxed on the owner’s level. These types of entities conduct a regular business; however‚ the income earned and deductions allowed are passed to the owners of these
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all parties involved. The structure made use of a specialized vehicle called a Master Limited Partnership form. On March 22‚ 2007‚ Blackstone rocked the investing world by announcing plans to go to public. WHY go public? WHAT are the built-in tensions with a public private equity firm? HOW does Blackstone’s structure attempt to reconcile them? IS Blackstone’s model the future for large scale PE? IF you were a limited partner (LP) in Blackstone‚ HOW would you view the structure Blackstone has put in
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smaller local organisations. The second sample of work focuses on the difference between two of these businesses. This piece of work covers M1. The learner has compared two contrasting businesses looking at their purpose‚ activities‚ ownership‚ liability‚ size and scale. The final sample of work looks at the changes in different industry sectors (M2). This builds on what the learner has covered in the fact sheets. The learner has researched the changes in the primary‚ secondary and tertiary sectors
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flow-through entities are partnerships and S corporations. Partnerships are taxed under Sub-chapter K and consist of general partnerships‚ limited partnerships‚ and limited liability companies (LLC). S corporations are taxed under Sub-chapter S. Both these types of business entities are treated as flow-through entities and are taxed accordingly. 5. What is the rationale for requiring partners to defer most gains and all losses when they contribute property to a partnership? The rationale for requiring
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allow the lawyers to have limited liability. (3) Partnership is the best choice for the layers‚ since the professional association does not allow the lawyers to have limited liability‚ that’s exactly like partnership‚ they doesn’t have limited liability but they have more capital to invest and they could have more ideas for the business. 2) Explain two disadvantages of a partnership. (4) People who in partnership‚ they doesn’t have ability to have limited liability‚ more unfortunately‚ if one
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They believed that the private sector had the resources to fulfill this responsibility. Even though the standards are written by the AICPA and the FASB‚ the SEC may reject a standard or press the private sector into acting swiftly. To form a partnership‚ all three work together. The GASB’s roll is the same as the FASB’s‚ only it is for state and government agencies. These entities must follow uniform procedures still. Users of financial statements need useful‚ relevant and reliable accounting
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OVERVIEW OF CHINESE COMPANY LAW (I) Legal characteristics of Modern Company A modern company has a set of legal characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate
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ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited‚ each partner
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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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