business‚ defining roles and responsibilities and having a clear vision and mission for your business. Chris and Erica need to decide on the type of business structure for their business. Will they form a corporation‚ a partnership or a sole proprietorship? This will be an important part of laying a good foundation. They need to understand what type of foundation they are building upon. The next thing that Chris and Erica need to do is to define each of their roles and responsibilities. They
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Business Registration Act 1956 (ROBA 1956). Business that may be registered under the ROBA 1956 is a business operating in West Malaysia which includes Peninsular Malaysia and the Federal Territory. The types of business are as follows : 1. Sole Proprietorship – a business wholly owned by a single owner 2. Partnership – a business owned by at least two (2) persons and not more than twenty (20) partners. Registration Procedure 1. Business may be registered using personal name or using a trade name
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Acme Fireworks Margaret E. Bridges Brian Lahargoue BUS 311 Business Law 1 Growing Acme Fireworks There is much to consider when expanding a business. How will you make‚ market‚ and distribute your product. Are you willing to take full liability for your product and understanding the legalities of what happens if your product is defective? Once that has been established‚ it’s important to make sure that your business dealings are in order. The strength of the contract and
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ORGANIZATIONAL STRUCTURES AND FORMS OF ORGANIZATION What is Management? According to Henri Fayol‚ "to manage is to forecast and to plan‚ to organise‚ to command‚ to co-ordinate and to control." Fredmund Malik defines it as "the transformation of resources into utility." Management in businesses and organizations is the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectively. Natures of Management ◦
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Be Your Own Boss Virtually everyone at some point in time dreams of being their own boss‚ for many that means owning a business. That however is much easier said than done. There are many steps to starting and owning a business‚ a mistake on any of them can derail‚ postpone or kill that dream. The most important step to starting a business is to develop a viable business plan. A business plan will layout the remaining steps and help ensure fewer mistakes are made. In addition to developing
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are designed and handcrafted in Cupertino‚ California. CCC is privately owned (Legal Form): • Cupertino Custom Cabinetry (CCC) is a privately owned and operated cabinet shop manufacturing quality custom cabinetry. • The owner elected a sole proprietorship considering it to be the fastest and easiest form of business as customers started to line up in the early months of 2010.
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INTRODUCTION Muafakat Niaga Enterprise is a sole proprietorship that registered in the year of 2008 to selling fruit around Mata Ayer and around it areas. This business was started in 2008 with the registration name Muafakat Niaga Enterprise owned by Mohd Azhar bin Mat Isa. This business was operated at No. 6‚ Jalan Rambutan 1‚ Taman Selasih‚ Mata Ayer 3‚ 02500 Mata Ayer‚ Perlis and sells a wide variety of fruits such as watermelon‚ pineapple‚ corn‚ pomegranate‚ and rambutan. In the early‚ this
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and allow for greater allocation of resources. An LLC would also limit his personal liability compared to a sole proprietorship as only his personal investments into the organization would be liable/exposed and not any personal assets. One of the most important positives with a LLC is no double taxation as is the case with the corporation organization. Similar to the sole proprietorship‚ the taxes would be at the personal rate. #1(B). Mr. Young can protect his intellectual property by: obtaining
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Objective of most For-profit firms are reinvested in the form for the long term benefit of these Owners. For-Profit firms have a wide variety of organizations and ownership structures Another form in the For-Profit Healthcare Entities is the Sole Proprietorship which are Unincorporated businesses owned by a single individual. They
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the Project Re-fuel station is consigned to offer the kind of gas which is suitable and demandable by each customer who owns not only for vehicle owners but for everyone who owns refillable gas equipment. The business is sole proprietorship with one employee and it is projecting to start its operation on January 1 2015. The initial capital needed would be Php 1‚ 700‚ 000.00 which will be provided from the owner. D. Summary of Findings 1. Management Feasibility
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