In this piece of writing I will be exploring all types of businesses there is. Businesses such as Sole Traders, Public Limited Companies and charities etc… I will write about what features there are and give examples as well. Sole Traders Sole trader is a business which is controlled and owned by one individual person. It is the smallest type of business there is. The owner is responsible for all decisions, debt and profit. The owner receives all profit in the company. Many of the decisions can
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any problems with the way the NHS runs or if it overspends. The NHS is limited by their annual budget for the year 2015 their budget was £115 Billion. Organisation 2 - Starbucks Starbucks Coffee is a privately owned American global coffee company and coffeehouse chain. Public limited companies become a legal entity whose assets and liability are separate from their owners. Advantages of this ownership type include limited liability meaning the owner can only lose as much as they have invested
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THE FORM OF BUSINESS OF OUR CHOICE There are different forms of business ownership which are Sole proprietorship, Partnership and Corporation or Company. We need to start an Audit Firm and we have decided to call it Group five Audit Firm. And Partnership is the form of business we have chosen. Partnership is the relationship among persons who operate a business together with a view to sharing profits on a mutually agreed basis. The following determined our choice of the form of business
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every other partners permission otherwise he can’t. Private Limited Companies Private limited companies are owned by people who know each other like family, friends or work associates. They buy shares in the company & become part owners. Shares can’t be sold to the public or transferred without the permission of all the shareholders. This means that the owners control who can buy the shares. That's why it is called a Private Limited
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compare to a large company operation. B. A partnership organisation will affect the availability of finance for their business. It offers certain advantages and disadvantages depending on the choice of organisation. For example, the advantage is limited rules and regulations. Bev and Daniel are not required to prepare a financial statement. Instead, they only have to prepare an income statement and as I said before, they are not required to pay a formation filing fee, ongoing state fees or franchise
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requirements that are required. I will be talking about what each type of owner ship in tales and what the advantages and disadvantages of each are. The main types of ownerships are: * Sole trader * Partnership * Private Limited Company * Public Limited Company * Franchise * Working Co-operative I am going to research the different types of ownerships using the internet and text books to gain an understanding of what each type of ownership consists of. This will therefore
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Brac Bank SME Loan Experience We were given an assignment on SME banking and its conditions. And to conduct this we had to choose a bank and we chose Brac bank. For that reason we went to the closest sme unit office of the Brac bank limited in Banani. At first we informed them that we came here to collect information regarding their SME loan products, SME regulations etc. They did not ask any more questions. They were very friendly. They simply said that whatever information you need just ask
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what form of business will be used. There are pro’s and con’s to each option and it is important that every angle is considered before making a decision. This paper will provide examples and reasons for choose sole proprietorship, partnership, limited liability company, s corporation, franchise, and corporate form. Sole Proprietorship Rebecca wants to open a small town resale clothing shop. She has a small savings that can be used to pay the first three months rent and buy clothing from patrons
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He or she has the rights to profits earned from the business, unlimited liability for debt incurred, has minimal liability protection, and can easily sell or transfer his or her business without any additional approvals. General partnership/Limited liabilities partnership Occurs when two or more people decide to go into business together as co-owners for a profit. When entering into a partnership there are certain rights and duties included in the partnership agreement as well as by the law
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COMPANY PROFILE Page 1 of 5 HISTORY OF THE COMPANY: The K.C.P Limited, a public limited company was incorporated on 03.07.1941. The K.C.P Limited was virtually a conglomerate with multi product, multi- locational units each of them large enough to function as an independent company. In the light of its large operations, the management of The K.C.P Limited decided to hive of the sugar, Distillery and Workshop operations at Vuyyuru and Lakshmipuram to a new
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