governed by special laws. A proprietorship is a type of business entity which legally has no separate existence from its owner. Hence‚ the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. The single proprietor has unlimited liability since creditors of his business may proceed not only against the assets and properties of his business but also after his own personal assets and properties
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Travel and tourism is a booming business From the inception of world‚ Human being always traveled from one part to the other part of the world. Initially human was had nomadic attitude‚ they moved to places to places in the search of food‚ shelter and safety. Still after the evolution of civilization human being traveled to other part of the world in search of job‚ wild life experience ‚ and to acknowledge the beauty of nature or monuments left by the time. This traveling attitude of human being
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1 Identify the three main types of business organisations recognised in Scots law. A. Sole trader The most popular style of small business enterprise‚ it’s simple to set up and does not require any formalities. Sole trader often is a one person who manages and owns the company. They take all the profits‚ but must also include all losses. Indeed‚ if the only operator becomes insolvent personal assets may be used to satisfy creditors‚ such as a house‚ car‚ etc. They are personally responsible
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How to choose the right type of Business form LAW/531 How to choose the right type of Business form Today’s business world has many choices for the new entrepreneur to decide from when forming a business. The choices are sole proprietorship‚ partnership‚ limited liability partnership‚ a limited liability company‚ a S corporation‚ a franchise‚ and a corporate form. Development of scenarios portraying each of these forms of business will aid the entrepreneur with deciding which form will
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Types of Business Letters: Style Modified Block * Type the first line of each new paragraph flush with the left margin for this style. All lines of the body of the letter are flush with the left margin‚ according to English Plus. When you’re typing a letter in modified block style‚ the date and closing of the letter are both placed in center alignment‚ according to Library Online. Skip one line between paragraphs‚ the greeting ---- "Dear _______:" and the body of the letter. When you’ve finished
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cultures to which forms their population. Britain’s colony was home to a society of sixty thousand francophone Catholics. Britain was faced with the issue of how to deal with the growing population. Attempts of both assimilation and accommodation were evident among the newly conquered French population. Since the British were the dominating culture‚ many English people wished to see the French over turned and eventually live their life solely under British rule. Under the British
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They are as follows: Horizontal flower arrangement- A very shallow container is used to make this type of flower arrangement. It has a single big flower as the focal point and drooping flower branches are added to each side. Rose is the main flower used as the focal point in this type of flower arrangement. Horizontal flower arrangements are very low and hence are suitable for center table decorations. Vertical arrangement- It is a very tall flower arrangement. Very tall stems of flowers and leaves
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BTEC National Extended Diploma: TRAVEL & TOURISM UNIT 10: Business travel operations Tutor: Owen Pugsley IV: Student Name: __________________ Overall Grade: Student Declaration: This is to certify that this is my own work and that all quotes are referenced and noted in the bibliography. Signed: ____________________ Date:__________ Internal Verification Signature Date IV Assignment IV Grading CONTENTS & SUMMARY OF ACHIEVEMENTS (Please circle grade achieved) Task Hand
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services or undertake a new business endeavor. The purpose of a feasibility study is to determine if a business opportunity is possible‚ practical and viable. When faced with a business opportunity‚ many optimistic people tend to focus on just the positive aspects. A feasibility study enables a realistic view at both the positive and negative aspects of the opportunity. A feasibility study is an important tool for making the right decisions. A wrong decision often leads to business failure. For example
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International Travel Agency Business Plan Executive Summary Adventure Travel International (ATI) will begin operations this year and provide adventure and sport/travel packages to people in the Pacific Northwest‚ specifically the greater Woodville area. An opportunity for ATI ’s success exists because the national tourism and travel industry is growing at 4%‚ and adventure travel at 10% annually. Further‚ the Woodville adventure travel market is growing at least 12% annually and there are no
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