of the company‚ centralized and decentralized operations. This essay will describe that Zia Inc. is as private limited company‚ has centralized operations and has a flat hierarchal structure. Zia Inc. is a private limited company and is run by a sole proprietor‚ this company is a recycling company‚ which is recycling the used plastic bottles and thus encounters to be in the secondary sector of manufacturing goods. The company has thirty full-time employees‚ and is operating in Jebel Ali‚ Dubai
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Business Organizations Task 1 SOLE PROPRIETORSHIP: A sole proprietorship is the easiest and most simple business form to operate under. The sole proprietorship itself is not a legal entity. In a sole proprietorship‚ the person who owns the business is personally responsible for the business debts. • Liability: The business owner is personally liable for any claims/lawsuits against the business. If a sole proprietorship is defeated in a lawsuit or is in debt‚ the owner/sole proprietor is personally
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BUSINESS ORGANIZATION Tutor Marked Assignment (TMA) Course Code : ECO-01 Assignment Code :ECO-01/TMA/2012-13 Total Marks: 100 Attempt all the questions 1. What are the essential requisites of an ideal form of business organization? Explain the criteria for the selection of the form of organization. (20) Solution:
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business ownership choices: 1.Sole Proprietorship 2.Partnership 3.Corporation Sole Proprietors hip A business owned and operated by a single person. What are the Advantages of Sole Proprietorship ? Advantages of Sole Proprietorship Ease and Cost of Formation Distribution and Use of Profits Control of the Business Government Regulation Taxation Closing the Business What are the Disadvantages of Sole Proprietorship? Disadvantages of Sole Proprietorship Owner’s Lack of Ability and
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the thought of Sonic remaining a sole proprietorship I do not think that it would have grown as big as it is today because if there was not a chain of Sonic’s there would be only the one that Troy Smith started in 1954(Sonic Video Case: Sonic is Booming.)Troy Smith started Sonic as a sole proprietorship and gradually evolved to a partnership‚ then to a corporation‚ and finally to franchisor. If he had not have took the step that he did to start as a sole proprietorship and slowly evolved it to a partnership
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the market structure would be a sole proprietorship. As a sole proprietor you determine policies and also the decision making‚ assume expenses‚ receive profits‚ and bear all losses. You make my own rules and responsible to meet all duties and obligations of running the business. Sole proprietorship is the oldest and most common type of business firm in the United States. Most are small and account for only 7% of all business receipts. More common and known as sole proprietors are car repair shops
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SECURITY/COLLATERAL N/A PURPOSE Request for Bank To Levy 0.2% Fees on Documents for Collection. PERIOD OPEN ENDED. CUSTOMER BACKGROUND Tena Traders is involved in transport services provision as well as distribution of commodities. It is a sole proprietorship. The company specializes in clearing and forwarding of both Air and Sea cargo and consolidated goods ranging from household goods‚ mercantile and diplomatic mails to contract shipments‚ Less Container (LCL) shipments and Full container (FCL)
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increased use of information technology are the two key trends in financial management today. a. True b. False a. True 3. Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? a. Corporations generally face fewer regulations. b. Corporations generally face lower taxes. c. Corporations generally find it easier to raise capital. d. Corporations enjoy unlimited liability. e. All of the above statements
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Business Structures Ruth Whitehead FIN/571 February 23‚ 2015 Oscar Lewis Business Structures Three types of business structures exist; Partnership‚ Sole Proprietorship‚ and Corporation. Essential deliberations are dimensions of the commercial‚ the method in which revenue from the trade is a tax‚ the lawful obligation of the proprietors‚ and the capability to obtain monies to fund the business. Few businesses start-up as a large capacity organization. All business structures have advantages and
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a. b. True False 4. 5. Which of the following statements is CORRECT? a. b. c. d. e. It is generally more expensive to form a proprietorship than a corporation because‚ with a proprietorship‚ extensive legal documents are required. Corporations face fewer regulations than sole proprietorships. One disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation‚ at both the firm level and the owner level. One advantage of forming a corporation is
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