choose to write about this type of business because I like being in charge. I will start off my paper by explaining how to start a sole proprietorship. I will then explain the advantages and disadvantages of running this type of business. In conclusion I hope that my reader will fully understand what it takes to start up a sole proprietorship business and all of the advantages and disadvantage of his type of business. Sole Proprietorship Sole Proprietorship is a type of business entity which
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QXD:IC8235 ch01.qxd chapter 19/6/09 09:44 Page 3 1 The role of the company secretary contents 1 Requirement to appoint a company secretary 2 The secretary and the board 5 Liabilities Core duties of a company secretary 3 4 Appointment and removal from office learning outcomes As an officer of the company at the centre of the decision-making process‚ the company secretary is in a powerful position. He should assist and guide the board in the pursuit
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Professional Tax Authorities & Service Tax ( if applicable ). If yours is a Proprietory company‚ simply follow as indicated above. If yours is a partnership Firm‚ then prepare a " Partnership Deed ". Submit a copy of the same‚ while applying for VAT. If yours is a Private Limited Company‚ then prepare a Memorandum of Understanding ( MOU )‚ with the help of a Professional. Register the Firm with the Registrar of Companies‚ followed by VAT registration. JETKE (MOOSAPET) 9246508061 KHASIM (MOOSAPET) RAMESH
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the components‚ which together will ensure strengthen of the financial and economic situation of the Bank and the preservation of its credibility with its customers. Main strategic aims of Joint Stock Commercial Bank «APABANK» (Closed Joint Stock Company) are: 1. Increase of authorized capital‚ raising size of own capital. 2. Expansion of activity of the Bank by obtaining a License providing right to carry out transactions in foreign currencies and further entry into the deposit insurance system.
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forced to shut and the income and profits would stop. There are tax advantages such as‚ national insurance contributions; this saves a sole trader hundreds of pound on profits‚ and this saves them setting up a limited company and having to become an employee of a company. Long Hours- The sole trader has to work long hours to keep the business afloat. Labour relations- when and if a sole trader employs workers the relation between them is likely to be good because the business is
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categories of a company that is public and other companies. In the case of the public company‚ the auditor must be appointed by the directors within one month of issue of certificate that a company is entitled to commence business. The other companies shall appoint their auditor within one month of the issue of the certificate of incorporation. This is evidenced in the companies act S150 (1). If directors fail to appoint the first auditor‚ the auditor is then appointed by the members of the company in the
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Legal Entity has stood the test of time because it aims at giving the company a certain practical utility. The separate personality of a company as distinct from its shareholders and this was established by the House of Lords in Salomon v Salomon & Co [1897]. This led to the veil of incorporation; that a registered company is a legal person separate from its members . By separating the management from the investment‚ a company enables the investing public to have a share in the profits without being
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ompany History - Asian Paints Ltd. 1945 - The Company was incorporated as a private limited company under the name of Asian Oil and Paint Company Pvt. Ltd. It was converted into a public limited company in 1973. The Company manufacture a wide range of surface coatings catering to different end-uses. It also manufactures vinyl pyridine latex used in the manufacture of rubber tyres. - The company expanded its products range‚ developed its own technology‚ set up a distribution network penetrating
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near Paris. History Fnac (originally Fédération nationale d’achats pour cadres‚ or National Purchasing Federation for Managers) was founded in 1954 as a members-only discount buyers’ club by André Essel and Max Théret. The objective of the company for the two founders would be to serve both the commercial and consumer industries‚ offering discounted equipment through a magazine titled Contact‚ and by cutting the standard retail mark-up (as high as 50 percent elsewhere) on its products down
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Legal Forms of Business Paper Law/531 June 3rd‚ 2011 University of Phoenix Legal Forms of Business Paper Selecting the best form of operating a business depends on the type of business the owner wants to run. The owners have to pick the structure that best meets their needs. “The selection depends on many factors‚ including the ease and cost of formation‚ the capital requirements of the business‚ the flexibility of management decisions‚ government restrictions‚ personal liability‚ tax
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