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...Sole Proprietorship and Limited Liability Company in the U.S Follow the crowd or choice a new way? This essay discuss the two types of company, Sole Proprietorship and Limited Liability Company (LLC). Nowadays additional amount of people are starting their own business, the most common type of business are Sole Proprietorship however LLC are amounting. Therefore we states that LLCs are more suitable for startups because of it’s new thinking and security. Sole Proprietorship is the simplest form and the most ubiquitous form of companies, Over 70 percent of U.S. companies are owned and operated by sole proprietors (Beesley 2013). It is an autonomous and the business only has one owner with no difference between the company and the proprietor. Normally everything in the company are in the owners name for instance bank accounts, contracts signs and the checks customers are writing. The owner are legitimate to all profits and are accountable for all of the business’s debts, losses and liabilities. (Entrepreneur.com 2005) Every start-ups cost money nevertheless this form is the most inexpensive one, obviously the business still need purchase all the equipment required for the business except there are no fee to get started. To start a business the only legal obligation in most states are to attain a business license, register your name and get permits demanded, the license can be obtained at the city Clerk’s office and the permits depends on which kind of business you are starting...
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...Company’s Background History & Business Development Dan Form Holding Company Limited (Dan Form) is established and listed the Stock Exchange of Hong Kong in 1973 (Stock Code is 0271). It has been under Dan Form International Limited since 1994. It creates business in Hong Kong and China. It also mainly engages in 3 types of business which are property investment and development, estate management and investment holding. Dan Form invests the Red Hill at Tai Tam and Harbour Crystal Centre at Tsim Sha Tsui in Hong Kong; invests Dao Yao Building and the Xidan project at Beijing. The Board of Directors The BOD includes Mr.Dai Xiaoming, Hiu King Kon, Nai Chau Leung, Xiang Bing and Edward Shen. The Chairman and Chief Executive Officer of Dan Form is Mr. Dai Xiaoming; the Non-executive Director is Mr. Hui King Kon and the others are Independent Non-Executive Directors. Shareholders Mr. Dai Xiaoming is an individual shareholder who holds the most number of common stock which is 452,892,969 and has 36.31% of the issued share capital in Dan Form. The largest linking shareholders include The Estate of Nina KUNG also known as Nina T.H. Wang, Greenwood International Limited and Talbot Investments Limited. They hold 575,979,132 of common stock and 46.18% of the issued share capital in total (see appendix 1). Related stock It has been claimed that Dan Form Holdings is one of the related stock of Chinachem group. The fluctuation of Dan Form Holdings’ stock price seems related to Chinachem’s...
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...Luton. National – They operate in united kingdom only. Ownership Type: PLC, Ltd or Voluntary Voluntary – Done, given, or acting of one's own free will: "voluntary contributions". PLC - A limited company is a company in which the members have limited liability for the debts of the company. So if the company goes bust the members cannot be asked to pay off all the debts. By far the most common kind is where liability is limited by shares. In this sort of company the members are shareholders and their liability is limited to the price paid for their shares. Describe why they are in business e.g. to make a profit, prevent world starvation Reduce the amount of homeless people. They provide shelter and help people get back on their feet. They give money and furniture and other forms of aid. Make profit Allows social time Fresh food. Describe what the business does Provides aid to the homeless people. They accept donations such as furniture and either gives that to the poor or sell it and then proceed to donate the money they made. It is the largest bakery chain in the united kingdom; they provide fresh product and hot beverages. Some Gregg shops have furniture inside and so give people the time to socialize. Source: http://www.businessdictionary.com/definition/public-limited-company.html...
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...two business organisations one being a profit making organisation the other one being a non-profit organisation and to examine there differences in purpose and ownership. The two organisations that I have chosen are Tesco PLC and Bromley College. Tesco PLC Tesco PLC is one of the largest retail supermarkets in the UK. It is a Public limited company as it has many shareholders within the company as shares in the company can be bought and sold in the stock exchange. As Tesco, have many shareholders its liability is limited. Limited liability, is when a company goes in liquidation the shareholders will only lose there initial fee they put in to the business. Also, Tesco is a profit making company, as there initial aim is to make as much profit as they can. Bromley College Bromley College is an institution, which provides the service of education to all people in various fields. It is Private Limited Company, as you can’t buy shares in the company. The college itself is a non-profit making company as whatever profits they make it goes back into the college to improve it. It is owned by the government therefore its liability is limited. P2 Stakeholders of Tesco PLC Customers The Customers of Tesco are the hundreds of thousands of people that do their weekly/monthly grocery shopping in the stores. There are many different types of customers that Tesco attract; loyal customers who always shop at Tesco’s and the odd customers that shop in Tesco occasional. Even...
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... Restaurant: trattoria sorrentina. | It could provide product and service as well depending on the kind of the business. | National | National organisation usually are more than 2 outlet under working under the same outlet brand, which means they provide the same products no matter where the outlet is.The ownership of these are partnership or stake holders. | Morrison, | They provide products food and grocery | International | International is when the organisation is working in more than 2 countries under the same brand. This organisation is plc | H&m | They all provide products such as cloths | Global | Global organisation all over the globe and this organisation are own by a stakeholders which means global company are privet limited companies. | Macdonalds, | They provide products being a restaurant fast food they provide burgers and chips and drinks. | Public | All the public organisation are made for the public benefit use and are owned by the government. | NHS, | They provide service such as health care. | Private | Privet are all owned by people who looks just for profit | Tesco, | They provide products. Food and grocery | Not for profit / voluntary | This kind of organisation are not for making profit, they receive donation or funds from the communities or government | Oxfam, | They could provide service trough raising money for those are needed like Syria crisis. | Primary | The primary sector is consist mainly in farming or extracting the prime...
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...School of Business and Economics North South University Submitted By | | Md. Rafizul Haque | 1420900060 | Sayed Faisal Waky | 1512921660 | Md. Mahmudul Haq Shihano | 1421306060 | Asif Rahman | 1421190660 | Arifur Rahman | 1430691660 | Date: 22nd of June 2015 Case Overview Deepak Gulati, a mechanical graduate from one of the top five institutes of the country is the main character of the case. After completing his graduation, he started his career in a multinational company. Within a span of 10 years, he became one of the youngest regional managers of his company. But, surprisingly he wanted to quit the job as he was not satisfied with it for several reasons like- restriction of freedom of action, subjective performance evaluation of the employees and some others. At the same time, thoughts of setting up his own business also came into his mind. Finally ‘Times Marketing Private Limited’ (TMPL) was founded by him and his friend Abhijit Sen after leaving the job. Although the company incurred some losses at the earlier stages, but slowly and steadily it became a successful venture at the end for Deepak Gulati and his friend. Creation of New Venture Some personal characteristics helped Deepak Gulati to become a good entrepreneur. These are needs for achievement, perceived locus of control and risk-taking propensity. Schumpeter highlighted the ability to innovate in areas of process, market, product, factor and organization. Moreover he had high desire for growth...
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...| | www.bizbangladesh.com - |- My Business Zone -| | | | | | Square Toiletries Ltd | | Bizbangladesh.com | | | | - | Home | | - | Company Info | | - | Products/Services | | - | Contact us | | | | | | | | - | Our Trade Leads (0) | | - | Mail to Us | | | | | | | | About Us ~ | Square toiletries limited (stl) started in 1988 as a division an iso 9001 certified company. in 1994 square toiletries limited began its journey as a private limited company. now stl is the country’s leading manufacture of international quality cosmetics and toiletries products. | | | Year of Establishment : | 2007 | ~ Contact Info ~ | | Company Address: | 72, Mohakhali, Dhaka-1212 | City / Province: | | Country: | Bangladesh | Phone Number: | + (+880-2) 8861531-40 | Fax Number: | + | Contact Person: | Md. Shamsuzzan | Position: | Executive, Commercial | Email | Email to this company | HomePage: | Click to visit | | | | No Product info found ~ | | | | About us | Advertise with us | Contact us | Site map | | | | Home | Copyright © www.bizbangladesh.com | | | | | | * * * Sign Up * Sign In Top of Form Bottom of Form * Research documents * Book Notes * AP Notes StudyMode - Premium and Free Essays, Term Papers & Book Notes 1. Home » 2. Miscellaneous » 3. Recreation & Sports Merril Shop By blackroots |...
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...Table of Contents EXECUTIVE SUMMARY 2 COMPANY OVERVIEW 3 INTRODUCTION 3 ORGANIZATIONAL STRUCTURE 4 PRODUCTS 4 COMPETITOR 5 MARKET 5 POSITION AND DESCRIPTION OF DUTIES 6 POSITION 6 HUMAN RESOURCE DEPARTMENT 6 R&D 7 FINANCE 7 OTHER TASKS 7 ORGANIZATIONAL ANALYSIS 8 INTERNAL POTENCY 8 INTERNAL DEFICIENCIES 9 EXTERNAL OPPORTUNITIES 9 EXTERNAL THREATS 10 IDENTIFICATION OF A MAIN PROBLEM 10 RECOMMENDATION 11 LEARNING OUTCOMES 12 ACCOMPLISHMENTS 12 RESPONSIBILITIES DISLIKED 12 APPLICATION OF THEORETICAL KNOWLEDGE 13 CAREER ADVANCEMENT 13 COMMENTS 14 REFERENCES 15 ANNEXURE 16 EXECUTIVE SUMMARY Servis Group is Pakistan's largest footwear manufacturer and exporter. It also has interests in retailing. Its Group Company, SSC Private Limited, is the country's largest retailer and wholesaler of footwear. The Group was set up in 1958 and today has sales of more than PKR 9 billion. The Company runs its footwear retail business under Servis brand as Servis Shoe Stores. It has further established some of the most loved footwear brands including Don Carlos, Cheetah, Calza, Liza, Toz, and Skooz. It also has distribution alliances with leading international brands in footwear including SERVIS, CAT and exclusive franchise of ECCO in Pakistan. SSC a part of Servis Group Which has a rich heritage spanning over half a century and is today regarded as one of the most respected corporate citizens. The Group invests actively in...
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...[pic] ASSIGNMENT ON Topic: Marketing Practices of SQARE TEXTILES LTD Course Code & Title: MKT 5401, Marketing Management Submitted to: Md. Idris Ali Assistant Professor Department of Business Administration Prepared By: MD. Mahamudul Bari ID No: 133-060-0-451 MBA in Apparel Merchandising Batch No: 133 Section: E2 Date: 16th August 2014 Title Page Assignment On Marketing Practices of Square Textiles Ltd By MD.Mahamudul Bari ID No: 133-060-0-451 Section E2 BGMEA University of Fashion & Technology ACKNOWLEDGEMENT At the very beginning, I acknowledge the infinite blessing and profound kindness of "Almighty God"- the supreme authority of the universe. I also acknowledge the loving support of my teachers, parents, and friends. I express my honest and sincerest gratitude to the Managing Director Mr. Tapan Chowdhury of Square Group of Industries who assisted me a lot by giving an opportunity for eye opening in this particular sector and extended an all-out support in all respect for writing this report in the most comprehensive manner within the specified time frame. I convey my deepest thanks to my institutional supervisor Md. Idris Ali Assistant Professor for his precious time. I was bound in my theoretical knowledge. It is my first experience to acquire knowledge in the practical field. So, it is natural that there might...
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...Bangladesh for their personal, social & economic development. “Empowering Bangladesh” mission To expand the company into a power generation capacity to the tune of 1000 MW which is 20% of the electricity requirement of Bangladesh and maintain that level. objectives • Generate and provide uninterrupted reasonably priced electricity to our customers. • Efficient utilization of capital, machines, material and human resources. • Continuous improvement of customer satisfaction and resource management. iv Table of conTenTs Company Information Corporate Directories Notice of the 14th AGM Chairman’s Speech Introducing the Directors Success Milestones Statement of Corporate Governance Financial Highlights Directors’ Report to the Shareholders Compliance Report on SEC’s Notification Shareholding Information Management Commitee Management Team Senior Executives Introduction of the Senior Executives Memorable Events for 2010 Report of Audit Committee Auditors Report & Financial Statements Proxy form 02 04 06 08 12 18 20 22 24 42 44 45 46 48 50 52 54 57 Annexed 1 Company 2 Information Summit Power Limited (SPL), sponsored by Summit Group, is the first Bangladeshi Independent Power Producer (IPP) in Bangladesh in private sector providing power to national grid. SPL was incorporated in Bangladesh on March 30, 1997 as a Private Limited Company. On June...
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...them self which is also known as unlimited liability. It wasn’t until 1894 where Michael Marks had formed a partnership with Thomas Spencer. From this partnership, the business began to expand. A partnership is usually formed by signing a deed of Partnership (which displays how the profits will be shared and the different responsibilities and payments to partners). Most partnerships have unlimited liability. This means the partners are responsible for all the debts of the business so they may lose all their possessions to pay off the business’s debt. Currently Marks and Spencer has gone onto become a national business having 798 UK stores, 455 international stores. Today, Marks and Spencer is a public limited company where businesses are owned by shareholders with limited liability to which shareholders can only lose up to their investment. It also offers its shares to the general public, through the Stock Exchange market. Cancer Research UK, a not for profit/voluntary leading charity is dedicated to beating cancer. In 1902 the imperial cancer research fund was operated by doctors and surgeons who were concerned about the suffering and loss of life from cancer. They focused on studying cancer in order to find new approaches for treatment. However, it wasn’t until the 1920’s where another organisation, the British Empire...
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... Introduction: In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in. Introduction of Tesco Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years. It has over 2000 stores around the world and it is employing nearly up to 300,000 people which proves that it is a global organisation. Sector of the economy Tesco operate Tesco operates in the tertiary sector which is also know as the service sector and is one of the three main economy sectors, the tertiary sector is something which involves providing a service or product to customer...
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...comparison between a Limited Company and a Charity in terms of their ownership, aims, economic sector and main stakeholders. For the report, I have chosen to investigate Sainsbury’s and RSPCA. Sainsbury’s Background information Sainsbury’s Supermarkets is the UK’s longest-standing major food retailing chain, having opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food. It differentiates itself by offering a range of great quality products at fair prices with a particular emphasis on fresh food, an ethical approach to business and continuous leadership. Size of business J Sainsbury plc consists of Sainsbury’s – a chain of 504 supermarkets and 319 convenience stores. A large Sainsbury’s store offers around 30,000 products and an increasing number of stores also offer complementary non-food products and services. Business sector Sainsbury’s is currently in the Tertiary and Secondary Sector this is because Sainsbury’s provide services (they have banks), sell Food and also they have their own farm. Main goals and purpose At Sainsbury’s they will deliver an ever-improving quality shopping experience for their customers with great products at fair prices. Their aim is to exceed customer expectations for healthy, safe, fresh and tasty food, making their lives easier every day. Type of ownership The type of ownership is Sainsbury’s are a public limited company (plc) – has its shares...
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...Recording, analysing and using HR Information There are several reasons why it is important for the company to collect, store and use HR data these include meeting legislation, workforce planning & budgeting. The primary information gathered is personnel details including start date, job title, name, address, contact number, D.O.B, National Insurance number, bank details this is then used to run payroll but additionally can be used for retirement details, length of service and department salary costs. Leave and absence records are collected so they can be used to plan labour to reduce the risk of disrupting production and if required, bring in temporary labour. Absence records are kept to monitor trends i.e., if it is the same person - is it ongoing condition, if they is an increase at certain times of the year within departments or is it a work related issue. By looking at the trend maybe find ways to reduce the absence levels and costs. Records can be stored in a few different ways we have a paper based system that is kept within a key coded payroll / HR office in a locked filing cabinet and the key is stored within a locked drawer. It holds all the original documents. Records of employees are also logged into a password controlled Time and Attendance system which holds all employees primary details. It is a daily clocking system which can be used for fire drills but it records all holidays booked / absence / lateness / training days etc. Notes can be also added...
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