but must be careful not to violate public policy What is the duty of a party to the firm when he is planning to leave but hasn’t yet left? You cannot seek out firm’s clients while you are still working there Hamburger Did not solicit clients’ business while he was still their employ Anderson Rule: categorical – fiduciary duty obliges the fiduciary to act in the best interests of his client or beneficiary and to refrain from self-interested behavior not specifically allowed by the employment contract
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Creating‚ Financing‚ and Marketing a Business There are three types of partnerships - a general partnership‚ limited partnership‚ and limited liability partnership. General partnerships consist of two or more partners who are both responsible for the business. They share the assets and profits‚ as well as the liabilities and management responsibilities for running the business. A business owner may opt for either a limited partnership or a limited liability partnership. In a limited partnership
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Test Notes: Definition: Business: An organised effort of individuals to produce‚ sell‚ for a profit‚ the products that satisfy consumer needs and wants. Entrepreneur: Someone who starts‚ operates and assumes the risk of a business venture in the hope of making a profit. Float a company: When a firm forms a company with shares. The company then applies for a listing on the stock exchange‚ once completed the company can then decide how much shares they want to make available for the general
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three basic legal forms of business organizations: the sole proprietorship‚ the partnership‚ and the corporation. Each form of legal organizations has unique characteristics that are important to consider when starting a business. The legal form chosen will make significant differences for things such as ownership‚ sources of financing‚ personal and financial risk‚ taxes‚ workload‚ buying or selling a business‚ and liability issues. A sole proprietorship is a business owned by a single individual
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Explaining Basic Accounting Concepts and Business Structures Laurie D. Melvin ACC/537 – Financial Accounting May 9‚ 2011 James Neuner‚ MBA One of the most important decisions to make when one chooses to start a business is knowing the type of legal organizations to select because the decision affects many aspects of the business. What can be affected are the amount and type of paperwork required‚ tax payments‚ possible personal liability
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Summary 4 The Market 4 The Services 5 Promotion and advertising 5 Management 6 Future plans 6 1. Description of the Business 6 1.1. Mission 6 1.2. The key factors 7 1.3. Goals 7 1.4. Scope of the business 7 1.5. The company 8 1.6. The owners 8 1.7. Legal and regulatory frame of the company 8 1.7.1. DBS Checks 9 2. Business opportunities 10 2.1. The driving forces 10 2.1.1. Experience 10 2.1.2. A rising market 11 2.1.3. Better return on
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2009 AICPA Newly Released Questions – Business Following are multiple choice questions recently released by the AICPA. These questions were released by the AICPA with letter answers only. Our editorial board is currently working on providing detailed explanations for these questions‚ so please check back to the Becker Knowledgebase soon for the updated file. Please note that the AICPA generally releases questions that it does NOT intend to use again. These questions and content may or may not
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TECHNOLOGY COLLEGE DEPARTMENT SURIGAO CITY REQUIREMENT IN ENTRPRENEURSHIP AND BUSINESS PLANNING BUSINESS PLAN SUBMITTED BY: JACOBA‚ CRYSTAL MEG D. MADRID‚ JHUN PAUL R. BSHRM-3A ACKNOWLEDGMENT The authors would like to thank the Almighty Father‚ for the gift of life‚ strength and wisdom‚ thereby leading them to realize this business plan‚ and for His everlasting guidance which led them in every step of the way; Special gratitude
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Business Organization and ADR Business Rrganization and ADR Nicole Christopher LAW575 Week 2 Professor Sonja Dickens June 8‚ 2015 Summary Industry Outline Selections for Practices of Business Company Process Choice Aids Disadvantages What is ADR? ADR Approaches of Arguments Resolution Negotiation Why Negotiation? Proceedings Implication Industry Outline Machinery Resolutions Maintained and controlled by a individual Association Computer Purposes Networking
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identifies Whitbread’s main business information users (or‚ stakeholders)‚ based on the information provided on their website. In contrast‚ PART B analyses different types of business structures and determines the pros and cons of Whitbread being a PLC. Tables and bulleting are used throughout the text to convey a vast volume of information in the given scope. -PART A- 1. MAIN BUSINESS INFORMATION USERS AND THEIR NEEDS – KEY WHITBREAD’S STAKEHOLDERS Business information can be used for
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