Sole proprietor Advantage (1) Easy to establish: Sole trading concern can be established very quickly and easily. Anybody who wants to start a business can do so‚ whenever‚ he likes. In Nepal‚ only nominal legal formality of registration is necessary. (2) Easy to dissolve: Dissolution of sole trading concern equally simple. There are no legal formalities in this regard. Proprietor can dissolve business whenever he likes to do so. (3) Effective control: In this form of business organization‚ proprietor
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1 LITI Task 1 Business Organizations Sole Proprietorship A sole proprietorship is owned by one person that runs the business. No formalities are necessary since the business is not owned by anyone else. There are some advantages and disadvantages of owning a sole proprietorship. One advantage is that the business can be closed down at any time and any financial obligations can be paid off. Another advantage is that the business has no boss‚ partner‚ or board of directors to answer to. One
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INTRODUCTION TO BUSINESS BUS 1101 Group Assignment : V-cigs Section : 8T5 Lecturer’s name : Marcus Program : Diploma in Business Date of submission : 30/010/2013 (Wednesday) BUSINESS PLAN PROJECT TEMPLATE PART 1: THE CONTEMPORARY BUSINESS ENVIRONMENT BUSINESS NAMES V-cigs. The V stands for vapor and victory. Vapor is the substance identical to smoke while Victory is the victory that all the heavy smokers out there will get when they manage to quit
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Project paln Soft starter and soft stopping for speed control for induction motors Introduction The project is entirely on the design and development of a soft starter converter that will satisfy and implement the soft starting and soft stopping for speed control of an induction motor. Soft starters also called solid state starter are used for gentle starting and stopping of induction motors. Pumps‚ centrifuges‚ compressors‚ escalators‚ belt conveyors‚ mills‚ fans‚ stone crusher and saws are typical
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Project 3 - Project Plan The purpose of this document is to provide an analysis on the case study presented to us in this Project‚ and outline the deliverables that are required. Project Title Team Name Team Members Hsiang-Han Chao Kerry Lau Omear Saeed Qiao Zhou Ting Chan Yihang Deng Supervisor Lars Moller International Capital‚ Inc. - Part A Group 30 Table of Contents Scope ...................................................................................................................
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A sole trader business: • is owned by one person • has unlimited liability • is regarded as a separate entity for accounting purposes • is not a legal entity in its own right. A sole trader is a person who is the only owner of a business. A sole trader enjoys many advantages‚ including inexpensive start-up costs and a relatively simple process of establishment. The owner makes his/her own decisions and is entitled to all the profits of the business. However‚ a sole trader must bear all losses
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11 Expert Models 12 Jick`s “The Ten Commandments” 12 Orlikowski & Hofman 14 McKinsey’s 7-S Framework 16 Nadler & Tushman “Framebending” 19 TTA/TTI 20 Tactics to Emulate 20 Things to Avoid 21 Implementation Plan 22 Overview Holey Soles Holdings Ltd‚ a Vancouver-based injection-molded footwear company‚ was soaring to new heights in 2007 when they realized that it might be time for some strategic focus. Over the last two years the company had grown at a rate of 300%
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Executive Summary This case analysis will focus on the issues surround the lifestyle product company Holey Soles. Psychologist Ann Rosenberg founded the company in September 2002. She initially operated in her garage and backyard‚ until she recruited Joyce Groote (now current CEO of Holey Soles) and expanded the company into other parts of North America. Holey Soles focuses on creating innovative footwear made from their trademarked technology SmartCel and SoleTek‚ which is an injection-molded
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Revuelto – Taboada and Virginia Simon-Moyas paper “The business plan as a project: an evaluation of its predictive capability for business success”. The article begins by introducing the key topic “Is a good business plan such a decisive factor” (Fernandez‚ Revuelto –Taboada‚ Simon-Moyas‚ 2012‚ p.2400) of business survival? The aim of this text is to analyse factors that influence business survival and the position of a business plan as the decisive factor. The authors reached two hypotheses. The
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Sole parents- Legal and social definitions of group- Legal- person who cares for one or more children without assistance from another parent or carer living in the same home. Social- A parent that raisers a child by themselves‚ supporting them financially and emotionally. Characteristics- One Parent living together with one or more children According to ABS‚ 19.3 % of children live in a sole parent family A female runs 91% of sole parent families sole parents may be permanent
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