Private Sector The private sectors are part of the economy that is not government controlled‚ and is run by individuals and companies for profit. The private sector encompasses all for-profit businesses that are not owned or operated by the government. In the United Kingdom there are many private businesses that have sole traders‚ partnerships‚ companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning‚
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fully by him when the business is successful Hence he receives all the profit as a reward for bearing all the risks to earn the profit. 4. Control- The owner runs all the business activity and hence makes all the decisions. 5. No Separate Entity- Under sole proprietorship‚ the owner is not considered to be separate and distinct from the business. (By law) Hence‚ owner is held responsible for all the activities of the business. 6. Lack of Business Continuity- Since owner and business
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Introduction This is a report that shows a comparison between both Partnership and Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business. For this particular project‚ our group assumed that Mr. Tan used to be an accountant working for a big accounting firm and is now looking to set up a small accounting consultancy business. 1 Process Required to Setup Business Organization
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Market Structure of a Cosmetologist Nedra Dennis ECO/365 Feb.11‚ 2013 Matthew J. Angner Market Structure of a Cosmetologist We will identify the market structure of a Cosmetologist also known as a hairdresser. Also how a Cosmetologist differentiates from other alternatives and the competitive strategies that might be used by the organization to maximize profits over the long run. As a Cosmetologist which I am in‚ the market structure would be a sole proprietorship. As a sole proprietor you
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expect a share of the profits too. Each shareholder puts money into the company and receives a portion of the company – shares – equivalent to what they put in. Despite each shareholder owning a piece of the company‚ in law it is seen as a legal entity – the same as an individual – that is entirely separate from the shareholders or members‚ as they are sometimes known. It can be sued‚ make a profit or loss‚ be held responsible for its employees’ actions and go into liquidation – the term used for
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company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity in law with its own identity regardless of changes in its membership
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Consulate General of India Toronto SETTING UP BUSINESS IN INDIA BY FOREIGN COMPANIES A foreign company planning to set up business operations in India has the following TWO options: 1. AS AN INDIAN COMPANY A foreign company can commence operations in India by incorporating a company under the Companies Act‚ 1956 through: a. Joint Ventures; or b. Wholly Owned Subsidiaries Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor‚ subject to
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PODS: The Evolution of a Small Business Small businesses are very important to the United State economy because 65 percent of new jobs over the past 17 years come from small business (Unites States). Everyone wants to own his or her own business‚ but having a good idea to start a business is not easy task; however‚ Peter Warhurst is one of the most successful entrepreneurs who dared to start his business with his three partners: Roy Courtney‚ David Revelia and Bill Ash. They were once firefighters
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CORPORATE ENVIRONMENT Unit 1 FORMATION OF COMPANY Promotion of Company – Promotion – Incorporation – Capital Subscription and Certificate of Commencement of Business. Memorandum of Association – Definition – Clauses. Articles of Association – Definition – Contents – Distinction between Memorandum of Association and Articles of Association – Alteration of Memorandum of Association and Articles of Association. Prospectus – Meaning – Contents – Statement in Lieu of Prospectus. INTRODUCTION
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UNIVERSITY OF KARACHI ASSIGNMENT OF BAKING OPERATION AND MARKETING PREPARED FOR: SIR Khalid Jamil Ansari DEPARTMENT: Karachi University Business School SEMESTER: 2nd semester SUBJECT: Banking Operations CONTENT 1. How many types of customers and elaborate it ________________01 2. How many type of account also explain them?__________ 03 3. What are the basic requirements for opening of an account?__________________________________________04 1 | Page Q1.How
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