There are three types of business Sole Proprietorship, Corporation, and Partnership. They all have their advantages and disadvantages with each one. Sole Proprietorship is a small business which is ran and operated by the owner. They are eye-catching to small investors because they are relatively easy to start up. The owner receives all the profit that is made from the business. Some advantages of starting a small business is that it’s very easy to start up. They don’t have to go through the things
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Ralph Lauren Corporation Industry: When assessing the financial position of Ralph Lauren Corporation (RL), an investor must also look at the financial condition of the industry in which the company resides. In the case of Ralph Lauren, the company falls under the industry of apparel, accessories, and luxury goods. The company has brought the world a luxury brand of lifestyle goods since its humble beginnings in 1967. According to Standards and Poor’s Net Advantage (S&P), the industry is neutral
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proprietorship, and corporation. A corporation is considered to be a standalone entity. In a standalone entity, no one person is liable for the assets or debts of the company, and separates tax liabilities. Another beneficial advantage is since the corporation is its own entity the corporation does not end once the owner is no longer there but continues on through shareholder. A disadvantage of corporations is corporations have to pay taxes twice which occurs during when the corporation turns a profit
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Final Paper Proposal James Collier BUS311: Business Law I Instructor: Daniel Malvin 9-1-2014 A sole proprietorship is a one-person business that is not registered with the state as a corporation or a limited liability company (LLC). The owner of the Acme Firework is a sole proprietor that has never changed his business entity. A sole proprietor can be held personally liable for any business-related obligation. This means that if your business doesn't pay a supplier, defaults on a debt, or
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Nicky Oppeheimer (N.O.) in 14 pages stated what Donne, years before him, stated in 9 lines: no man is an island; we are all responsible for each other. N.O. speaks about a company’s responsibility to society as being about more than increasing profits. Whether profits are increased or not, he argues that companies have a moral obligation to better the living conditions of the societies within which they operate. And indeed, if one person is able to make a difference, imagine what a single company-
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What is CSR? Within the world of business, the main “responsibility” for corporations has historically been to make money and increase shareholder value. In other words, corporate financial responsibility has been the sole bottom line driving force. However, in the last decade, a movement defining broader corporate responsibilities– for the environment, for local communities, for working conditions, and for ethical practices–has gathered momentum and taken hold. This new driving force is
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Running Own Business or Work for Company In today’s uncertain economy it’s not easy to start a business. There are many ups and downs in business, starting a business require a lot of thinking and research. It requires commitment and dedication towards a business. To run a business, you should have knowledge of market, management skills, and know the importance of relationship between you and your customers. When you start your business, you have to find clients and work for yourself. First
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Name of the Company: | Beap and Quick | Type of Business Operation: | Retail and Service | Type of Business Organization: | Partnership | Date of Incorporation: | December 2014 | I. Company Background: Beap and Quick is a retail and service business located at Victory Central Mall, Grace Park, Caloocan City. The company was established by entrepreneurs namely: Jhon Mark Busil, John Mark Sison, Alvin Prudente, Yves Morales, Shiela Alfonso, Vilma Delos Santos, Eredondon Gonzales, Sharmaine
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P1 I will be relating the type of business, purpose and ownership of the two contrasting organisations. The two organisations that I will be choosing are: Oxfam and Sainsbury’s. Sainsbury’s Purpose/aims of Sainsbury’s The purpose of Sainsbury’s is that they are trying to make as much profit as possible, as they are competing with other supermarkets and be the number one UK’s supermarket, and this will allow them to expand on their business. Sainsbury’s have a long term goal to deliver their
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Horton’s buy has drawn the ire of politicians and put the spotlight back on corporate tax loopholes.” What effect does Burger King, an American based company, merging with Tim Horton’s, a Canadian based company, have on the financials for these corporations? First, you must look at the economy, in general, for the last several years and the toll it has taken on companies. In an effort to boost their bottom line and maximize profits, tax inversion is one way to lessen that toll. Take into account
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