Course Project Introduction to Business (GEB 1011) Think of a small company you would like to start. Using this company‚ include the following components in your finalized submittal and use them as Section Headings for formatting your submittal. Put the Section Headings in BOLD. Then your responses in normal 12 point size type and write in complete sentences. 1) Provide an Introduction of your company. Include your main product and/or service. In what country and part of the world
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There are distinct advantages and disadvantages of each of these structures. When looking at forming any of these you must first look at who will be forming these. 1. Sole proprietorships; Individuals and small companies are better suited for sole proprietorships. There are several reasons why this is. a. Few business requirements b. Little or no cost to form. c. Tax advantages‚ can be claimed on your 1040 d. Single decision maker There are however some disadvantages of this structure such
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In 2010‚ Octopus Company took “cooperation with the partners” to make use of clients’ personal data and get the commission. Although Octopus Company claimed that they had obtained agreement to persons involved‚ because Octopus card holders had agreed the “personal data policy”. However‚ as a matter of fact that lots of card holders did not read the policy‚ at an obscure spot in the right lower part of the company’s home page‚ we can find a link about "personal data policy”. It is a long document
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Introduction Aron Property Investments owned by Mr. Somasundaram Premnath‚ 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
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Introduction: Company Formation in Bangladesh is a long and complex procedure that includes various significant steps. The process of company formation in Bangladesh is subject to the Companies Act‚ 1994. There are plenty opportunities in Bangladesh to start a business. The joint stock company’s act of 1850 was the first sub continental act concerning company. Then in 1857 the act of 1850 was replaced by a new act and popularly used before the liberation the act of 1956. After liberation Govt. of
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A4060519 Student´s Name: Michael Wanderley Mallmann Spanholi Business Environment LO1. Understand 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
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QUESTION 1 a. Define a promoter of a company. Explain and illustrate with decided cases his legal position in relation to a company. Though the certificate of incorporation is conclusive for purposes of incorporation‚ using decided cases‚ outline circumstances under which it could be withdrawn.(10marks) ANSWER Definition; A promoter is one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary step to accomplish that purpose - A promoter
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In a joint-stock company an entrepreneur raises capital by issuing stock certificates of its ownership. This involves selling shares of the stock to investors that guarantee them the right to a certain percentage of the company’s profits. For example‚ suppose John holds shares of Mike’s Auto Repair Shop‚ which is a joint stock company. These shares give John a percentage of the vote on Mike’s management decisions‚ board elections‚ etc. The shares also give John unlimited responsibility for Mike’s
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1. The Companies Act‚ 2013 (“the Act”) received the assent of the President on 29th. August‚ 2013. 2. Section 1 (3) of the Act provides as under: “This section shall come into force at once and the remaining provisions of this Act shall come into force on such date as the Central Government may‚ by notification in the Official Gazette‚ appoint and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of this Act shall be construed
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Unit 1 - P2 & M1 - Assignment Brief (P2) Describe the different types of business ownership‚ linking this to the size and scale of four different organisations Continuing with the groups you were in for P1 - Using the four businesses you chose‚ you are required to design a leaflet. For each business you must identify: a. The business ownership/type (e.g. sole trader) and the advantages and disadvantages of that type of ownership b. The size of each business‚ including a brief justification
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