ownership. Business at work Business ownership is a mixed economy of Private sector Public sector Voluntary sector The private sector is companies‚ which are owned by individuals and private organisations.  Sole proprietor (1owner)  Partnership (2-20 owners)  Private Limited company Ltd (2-unlimited number of shareholders).  Public limited company Plc (2 unlimited number of shareholders)  Franchising (owned by one or more franchisees)
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Alteration in Memorandum of Association Corporate law and Islamic ethics Tables of contents Memorandum of association 2 by Memorandum of company limited shares:- 3 Memorandum of a company limited by guarantee:- 3 Memorandum of unlimited company:- 5 Printing‚ signature‚ etc.‚ of memorandum:- 5 GENERAL REQUIREMENTS 8 REASONS FOR MAKING ALTERATION IN MEMORANDUM OF ASSOCIATION. 8 EXAMPLE: 9 PROCEDURE OF AMENDMENT IN MEMORANDUM OF ASSOCIATION. 10 Check List of Documents required to be submitted
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the organizational purposes of businesses 1.1 Identify the purposes of different types of organisation The UK legislation allows different types of legal structures to do business in its area. In the private sector‚ the following forms of companies can be seen: Sole trader is a business owned by an individual who is self-employed‚ but staff can be hired on either a full-time or a part-time basis if necessary. E.g.‚ newsagent´s shop‚ hairdressers‚ plumbers‚ photographers. Normally‚ the Sole
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isn’t all over the globe and is not known worldwide‚ an example of a global business would be McDonalds or Coca Cola. Oxfam is a voluntary sector business; private businesses are businesses that are owned by private citizens set out to make a profit; public sector business is a business that has been set up by or taken over by the government‚ their objectives are to provide for society as well as making a profit; voluntary sector business is a business that is supervised by trustees and their goal is
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different areas like centrally or by local government. • Private Limited Company: Private limited companies are quite similar as partnership business and they can offer shares to family members but they cannot make public offering. • Public Limited Company: It is the most advantageous and at the same time complicated form of ownership. It has its own legal entity‚ needs huge legal requirement‚ can make public offering and the liability is limited to share capital. Types of Hotel Ownership Different
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the components‚ which together will ensure strengthen of the financial and economic situation of the Bank and the preservation of its credibility with its customers. Main strategic aims of Joint Stock Commercial Bank «APABANK» (Closed Joint Stock Company) are: 1. Increase of authorized capital‚ raising size of own capital. 2. Expansion of activity of the Bank by obtaining a License providing right to carry out transactions in foreign currencies and further entry into the deposit insurance system.
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is therefore a not for profit organisation. 1.3 What Sector is it under? The British Heart Foundation is under the Voluntary sector and the Private sector‚ because they are a not for profit organisation as they are a charitable and a voluntary company. The British Heart Foundation is a registered charity which means that all of their money which they raise either from donations or from selling their products in a shop will go to the charity itself. 1.4 Size The British Heart Foundation is a charity
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P1 – Describe the purpose and ownership of GSK and Tesco as two different types of businesses. GlaxoSmithKline(GSK) are a science-led global healthcare company‚ that researches a range of medicines and brands which are used by millions of people around the world. They started up on 1 January 2001 following the merger of GlaxoWellcome plc and SmithKline Beecham plc In 1865 Mahlon Kline joins Smith and they start to work together to start the business. GSK have 3 primary areas of business in pharmaceuticals
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is a company targeting on the business areas of construction‚ consultancy‚ concept design and retail business of apartments and living space. It is currently registered as a Private Limited Company. Companies‚ on the basis of liability‚ can be divided broadly into two‚ as companies having ‘Limited Liability’ and companies having ‘Unlimited Liability’. Companies with limited liabilities are those in which the capital is divided into shares and liability of members (shareholders) is limited to the
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INTRODUCTION ------------------------------------------------- ------------------------------------------------- From Adam Smith to Joseph Schumpeter‚ those who study the development of societies have considered entrepreneurial capital accumulation as the engine that drives economic growth (c.f.‚ Van Stel‚ Carree & Thurik‚ 2005). For entrepreneurship to take root‚ it must be possible to accumulate capital are at a rate exceeding immediate consumption. There are two ways to achieve the minimum
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