organizational forms: The goal of this report is to provide the owner of the business with a clear guide to each organizational form as well as how each characteristic applies to each form. A1a. Sole proprietorship A sole proprietorship is a business form in which one person is the owner of the business. Within this form the owner has no legal ties to the business. Since the individual is the only owner of the business he or she is fully responsibly for all loses and debts‚ but received all profits
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coffeehouse called “The Gathering Place”. She prides herself on her strong Christian beliefs and values so she wishes to run the company in this same manner. Jackson has a few potential employees that she must decide whether they are suitable for her business interest. Her husband‚ Marvin‚ only wishes to be an investor but does not want to work for the company. Jackson’s sister‚ Kelsey‚ would like to work for her but her husband would prefer that she continued her duties as a stay at home mom. Jackson’s
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Intro paragraph: An LLC‚ or limited liability corporation‚ is a business entity that combines aspects of a corporation and a partnership. The LLC operating agreement is a document that dictates how the LLC will function. The amount of time it takes to create the operating agreement depends on the specifics of the LLC. Other names: Don’t confuse this document with the articles of organization‚ which may also be known as the certificate of organization or certificate of formation‚ depending on the
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incorporation J is a separate legal entity from its founder‚ shareholders and directors as demonstrated in the landmark case of Salomon v Salomon & Co Ltd . Lord Halsbury LC made the judgement that once a company is legally incorporated it must be treated as a separate legal entity. This important legal principle is accounted for in the Corporations Act 2001 s124(1) which states that “a company has the legal capacity and powers of an individual” . Since J is a separate legal entity‚ it can be argued that the
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smoothly. The company is the first of its kind taking the | | |hydroelectric concepts of large power plants and bringing them into the home and | | |business in a smaller more efficient size. | | | | | Roles and Behaviors
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figures to be inserted] By the end of third quarter of 2014‚ Alibaba’s total sales reached $555.6 billion‚ with year-on-year growth of 48.7%. What is more‚ Alibaba’s competition of international retail business is growing fast. In third quarter of 2014‚ the total sales from international retail business was $0.419 billion‚ a 17% increase compared with last second quarter. The company operates several online marketplaces in China‚ including the Tmall‚ an Amazon-style online retailer; Taobao‚ an online
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1.1 The Role of The Financial Manager LEARNING OBJECTIVE 1 Identify the key financial decisions facing the financial manager of any business firm. The financial manager is responsible for making decisions that are in the best interests of the firm’s owners‚ whether the firm is a start-up business with a single owner or a billion-dollar corporation owned by thousands of stockholders. The decisions made by the financial manager or owner should be one and the same. In most situations this means
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every stride that a business takes during its usual operations. It is a continuous commitment that companies should have towards the economic‚ social and environmental development of the community in which they operate. Several companies have now enthusiastically taken up to the cause of CSR in countries with rising economies such as India. Corporate social responsibility is sustainable‚ which involves companies to take up activities without having negative impact on their business. In India several
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Bangladesh Setting up a Company • Setting up a Company • Board of Investment • Foreign Investment • Type of Companies • Incorporation of a Company • Setting up a Joint Venture Top of page [pic] Setting up a Company Bangladesh has some of the most liberal investment incentives in Asia‚ with an absence of any prior approval requirements or limits on any foreign equity participation‚ except registration with the Bangladesh Board of Investment (BOI). The government
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Proprietorship caries a large amount of liability because your personal credit can be affected if business fails. INCOME TAXES – As a sole proprietorship you only file one income tax for yourself and your business combined. LONGEVITY/CONTINUITY – A Sole proprietorship can grow as fast or as slow as the owner chooses. CONTROL – Sole proprietor has complete control over every aspect of the business. The sole proprietorship can grow at fast or slow as the sole proprietor chooses. PROFIT RETENTION
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