In regards to acquisitions‚ it is important to distinguish between mergers and acquisitions. In a merger‚ two companies come together and create a new entity. In an acquisition‚ one company buys another one and manages it consistent with the acquirer’s needs. An acquisition that involves integration has greater staffing implications than one that involves separation (Rizvi‚ 2008). A combining of companies is a major change. Mergers and acquisitions represent the end of the gamut of options companies
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established by the trade union against Casino Ltd. ------------------------------------------------- Issues 1. Whether Casino Ltd. (the parent company) and Caterers Ltd. (its wholly-owned subsidiary company) are considered as separate legal entities. Additionally‚ whether the concept of corporate veil applies to the corporate groups (between Casino Ltd and Caterers Ltd). 2. Is it possible to lift or pierce the corporate veil of corporate groups on the basis that: (a) there is an implied
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AND PARTNERSHIPS A sole proprietorship is a business entity owned by one party‚ and is the simplest of the forms of business: • It is easy to form. • The business income is taxed along with the owner’s other income. • The owner is liable for the debts of the business. • The owner controls the decisions of the business. • The business ends when the owner does. The sole proprietorship is often the starting point for a small‚ fledgling business. But a sole proprietorship is often limited in
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Legal Issues for Business Org. (LIT1) TASK 310.1.2-01-06/ Part: A SOLE PROPRIETORSHIP: Sole proprietorship is an unincorporated business with one owner who pays personal income tax on profits from the business. The benefit of the sole proprietorship is the tax advantage. The disadvantage of a sole proprietorship is obtaining capital funding. * Liability – As the owner of a sole proprietorship‚ one is personally liable for all business debts‚ creditors may sue you personally to satisfy the
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“for profit business” owned and operated by an individual. Owning a sole proprietorship allows an individual to run a business any way they see fit with few state/federal regulations and limited legal formalities. The owner of a sole proprietorship assumes considerable risks by without liability protection and therefore is held personally liable for any judgments against the company and is susceptible to loss of business assets‚ personal property and real estate. Liability: The business and the owner
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Task 1 T1.1 Businesses can be mainly identified in two different forms‚ by taking an example differentiate the limitations of those two forms of businesses The 2 different business forms are Public Private What is public organization ? A public organization is where the government of the country controls it‚ in favor for their fellow country mate. The payment for the employees are often made by the tax collected from public. Example of private sectors are : State Prison‚ Government
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characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate transactions (serve as a single contracting party that is distinct from the various individuals who own pr mange the
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activity” means activity performed by a business entity to ensure that documents for a related business entity or entities are prepared and filed with Customs using “reasonable care”‚ but such activity does not extend to the actual preparation or filing of the documents or their electronic equivalents. For purposes of this definition‚ a “business entity” is an entity that is registered or otherwise on record with an appropriate governmental authority for business licensing‚ taxation‚ or other legal purposes
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Why do people choose LLC? BUS311 Instructor: Anthony Patete Why do people choose LLC In the business world today‚ there are many competitions in the market with all the different small businesses and corporations that is hard to compete with especially when you just starting off. In the business market today there is the LLC‚ partnership and corporation options that people can choose to turn their organization in to. Most of the time‚ many people
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by Professor; Business 402-Small Business Management 01/29/2013 Assignment # 1: To Build or Buy Craft a brief strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail. The Business strategy which I would use would be to purchase an existing Bagel and Tea shop located in the heart of Rockville city. The business is called Island
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