Organization and Share Capital Transactions Page 688 Questions and Answers 1. Corporations can be classified in different ways. For example, they may be classified by purpose (e.g., profit, not-for-profit, or income trust) or by ownership (e.g., public or private). Explain the difference between each of these types of classifications. Ans. Corporations can be classified: • By Purpose -Profit: such as Tim Hortons’ -Not-For-Profit: such as Canadian
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principal forms of business organization? What are the advantages and disadvantages of each? A proprietorship, a partnership, and a corporation are the three principal forms of business organization. Advantages of a Proprietorship: 1. easily and inexpensively formed; 2. it is subject to few government regulations; 3. its income is not subject to corporate taxation but is taxed as part of the proprietor’s personal income. Disadvantages of a Proprietorship: 1. It may be difficult for a proprietorship
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sure exactly how it will be financed and whether or not I want to take on partners. I am interested and willing to learn the intricacies of my options to determine how to best proceed with my plan. Please advise on what my options are, the advantages and disadvantages of each, and possible tax consequences for each scenario? Respectfully, John Owner Business Structure: Advice Letter July 21, 2014 Dear Mr. John Owner, John, I am in receipt of your letter, and wanted to get back to you with a response
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to pay for losses made by the business out of their own pocket. This is called unlimited liability. Advantages * It is easy to set up as no formal legal paperwork is required. * Generally, only a small amount of capital needs to be invested, which reduces the initial start-up cost. * As the only owner, the entrepreneur can make decisions without consulting anyone else. Disadvantages * The sole trader has no one to share the responsibility of running the business with. A good hairdresser
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more owners of the business. Each owner is called a partner. Partnerships are often formed to bring together various talents and knowledge or to bring needed capital into a business. Partnerships are generally associated with the practice of law, public accounting, medicine and other professions. Partnerships of this nature are called general professional partnerships. On the other hand, service industries, retail trade, wholesale and manufacturing enterprises may also be organized as partnerships
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will now debate and discus how we will get information to the public about the negative effects that our medications are causing the public. Our goal, as a vital asset to the public and medical community, is to convey all concerns to our community in a very sensitive and careful way. Using the power of newspapers, radio, internet, social networking and news related companies. The local news has already reported that a well-known public figure has been effected which goes against the health portability
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Advantages and disadvantages of partnership Although many people going into business form a sole proprietorship, this is not always possible or desirable. Partnership can be a good alternative to a sole proprietorship. It is a business association consisting of two or more people with a view to make profits. And like any form of business partnership has its advantages and disadvantages. The main advantage of this form of business is simplicity of formation. There are few legal formalities to complete
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Advantages and Disadvantages of Print Media Print media still has a strong foothold amongst readers although the Internet and television are still a popular medium. Let's read about the advantages and disadvantages of print media to understand the difference. Advertisement [pic] The print media is considered to be one of the most flourishing industries today. This medium is also particularly very popular to reach the target audience for advertisers. The different types of print media give a
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running the business. Sole proprietors own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, you are one in the same with the business. Advantages of a Sole Proprietorship: * Easiest and least expensive form of ownership to organize. * Sole proprietors are in complete control, and within the parameters of the law, may make decisions as they see fit.
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Methods Communications Coordinator HCS/320 July 2014 As the communications coordinator for this national drug manufacturer, we need to figure out ways to how we are going to address the negative effects our medications has on the public. The news reports have alleged our governor was one of the people that were affected by this medication. “Effective communication can improve satisfaction, earn clients' and employees' loyalty, save money, and stimulate change and innovation—goals
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