proprietorship. Jody’s liability is a. limited by state statute and varies from state to state. b. limited to the extent of capital expenditures. c. limited to the extent of his or her original investment. d. unlimited. 2. Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be a. its greater organizational flexibility. b. its limited liability. c. its perpetual existence
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entity while a branch is established to carry on the Russian business activities of the foreign legal entity in its own name. Finally‚ foreigners may create a Russian legal entity in the form of a Limited Liability Company (LLC)‚ a public or a private Joint Stock Company (JSC)‚ or a Partnership. The LLC and JSC can be founded by an individual or by a legal entity (either foreign or Russian). Creating a legal entity provides greater protection than registering as an individual entrepreneur (sole
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Dr. M. Al Amri &Co. Doing Business in Saudi Arabia Dr. M. Al Amri &Co. DOING BUSINESS IN SAUDI ARABIA Contents ________________________________________________ Page Preface General Information Geography and climate Population and language Government Currency and foreign exchange regulations The calendar and international time zone Business hours Public holidays 1 The Economy General Basic resources Principal industries Banks Other financial institutions Stock exchange
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noted that many of the recent developments in veil lifting have involved claims of tortuous liability. Indeed tortuous liability is one of the fault lines created by limited liability. Normal creditors when dealing with the limited liability company have an opportunity to access the risk of doing business. They can opt to secure their lending‚ charge a premium for that risk or do
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4.0 | Company’s promoters | 6 | 5.0 | Natures of the company5.1 Company as a body corporate5.2 Can sue and being 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
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with similar organizations‚ fundraising functions and utilizing volunteers (especially Somali refugee volunteers) to reach out to the community as a whole. To promote self-sufficiency through workshops‚ and educational seminars including but not limited to; health awareness‚ community referrals‚ English as a second language workshops‚ programs specifically geared towards refugee children and assistance with citizenship training. Services Free computer classes Job search assistance and referrals
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Companies • Chartered Companies L Certificate of Commencement of Business • Statutory Companies L Memorandum of Association • Registered Companies L Contents of Memorandum of Association L Introduction Companies Limited by Shares Companies Limited by Guarantee Unlimited Companies • Foreign Companies L Formation of Company L Promotion of Company L Incorporation or Registration of Company L Articles of Association L Alteration of Memorandum of Association and Articles
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that a corporation which distributed discrete partnership units of property composed of timber and resort interests in the Northwest‚ must recognize distribution gain under IRC Sec. 311(d) as if it had instead sold the entire interest to a single purchaser. The taxpayer had argued that the fair market value of the distributed property for purposes of determining Internal Revenue Code Sec. 311 gain must be equal to the sum of the distributed partnership interests‚ which were publicly traded on the
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INVESTIGATE TWO SEPARATE BUSINESSES‚ ONE A PROFIT ORGANISATION AND THE OTHER A NON PROFIT ORGANISATION DESCRIBE THE TYPES OF BUSINESSES‚ PURPOSE AND OWNERSHIP. INCLUDE IN THE DESCRIPTION‚ THE LIABILITY OF THAT BUSINESS. BUSINESS 1: RIVER ISLAND BUSINESS 2: OXFAM RIVER ISLAND: PROFIT ORGANISATION ‘With over 60 years of fashion retailing experience‚ River Island is one of the most successful companies on the High Street. River Island has nearly 300 stores across the UK‚ Ireland and
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Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
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