...a business founded on friendship.” [ (Rockfellar) ] Partnerships are defined as the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business. [ (IRS) ]. There are two different type of partnerships limited, and general. Domestic Corporation is defined as a U.S. corporation doing business in the state in which it is incorporated opposite of foreign corporation [ (Answers.com) ] Partnerships John D Rockefeller stated that partnership is “A friendship founded on business is better than a business founded on friendship, but 70% of business partnerships fail (according to Harvard Business School); the fastest way for a business to succeed is to ignore the dynamics between yourself and the other partners. According to the National Center for State Courts, there were a whopping 14,957,085 civil suits filed in 2001 and that number is increasing every year. The shocking statistic is more than $200 billion dollars a year are poured into fending off litigation [ (National Center for State Courts) ]. Partnerships are used to minimize the disadvantages of a sole proprietorship and maximize the advantages of having more than one owner. Most states have a model law governing partnerships based on the uniform partnership act [ (Ferrell, Hirt, & Ferrell, 2009) ]. Partnerships are typically larger than sole proprietorships but smaller...
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...Strayer University Creating, Financing, and Marketing a business . 5/27/12 Partnerships have many benefits, but they also can be maintained very easily. You do not have to register with your state and pay fees, as you do to establish a corporation or a (LLC). And with a partnership, filing income tax returns is relatively easy. Unlike a regular corporation, there is no need to file separate tax returns for the corporate entity and its owners. Another advantage of partnerships is the flexibility they offer. In partnership agreements, the partners are free to set their responsibilities and benefits as they see fit or as the needs of the business. The structure of the organization and the distribution of profits and losses are much more flexible in a partnership than they are in a corporation. Because of this, an individual partner can be rewarded with higher profits for taking on more financial risk. Typically, with big corporations, they have money split evenly with stockholders. Partnerships are also considered a discrete asset and as such (as opposed to a sole proprietorship) can be transferred to other people, heirs, or estates if the partnership agreement is set up that way. But partnerships can also be risky. The business and personal related acts of one partner can legally bind all other partners. So it's very important that you enter into partnerships only with people you trust. It is equally essential that, no matter how much you trust your partners, you...
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...such as drums or electric guitar, to keep these sounds from being audible to the microphones that are capturing the sounds from other instruments, or to provide "drier" rooms for recording vocals or quieter acoustic instruments. MIX Studio is the proposed name of the Business Plan; “MIX” came from its meaning to combine all of the audio components of a recording into a final soundtrack or mix. II. OBJECTIVES OF THE STUDY 1. To keep the subordinates alert to what is expected to them. 2. To know the duties and responsibilities of each member and personnel. 3. To know different strategies to be able to achieve the company’s goal. III. FORMS OF ORGANIZATION Since the composed of six (6) persons each one of has agreed and decided to be partners. The group preferred to use partnership as a type of business organization. GENERAL PARTNERSHIP A general partnership is a business organization formed when 2 or more individuals or entities form a business for profit. All partners share in the management and in the profits and decide on matters of ordinary business operations by majority of the partners or by...
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...Week 7 Discussion Question What are the advantages and disadvantages of involving supply chain partners in the development of new products and services? Response to Week 7 Discussion Question The development of new product and services is the most integral part of strategic operations management of a company which the global competitive factors of the market trend has force manufacturers to develop an innovative quality product(s) with speed and efficiency for the sack of the product becoming acceptable to customer demands and universally excellent which is achieved by the help of integration of supply chain activities that brought speed and efficiency in the flow of developing processes as part of the strategic operations required for developing new product and services by taking into considerations, resource capability to create and deliver the innovative product to the expectations of the customer/consumer demands. The contribution of strategic design of operations resources can be defined as “a supply chain network with an interconnection of organizations which synchronize through upstream and downstream linkages between flow of different processes and activities which produce value in form of products and services to the ultimate customer”. Slack & Lewis (2008, p. 100) However, to better synchronized flows of information for all the innovative deliverables required for the development relationships, there exist a need to involving a supply chain partner as a...
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...it gives the corporation permanence. The corporation continues to exist if managers are replaced or if stockholders sell their ownership interests to other investors. The corporation’s permanence is an essential characteristic in allowing corporations to obtain the large amounts of financing required by many business entities. 4. A sole proprietorship is easy to set up with a minimum of legal work. The business itself is not taxed. For tax purposes, the income of the proprietorship is treated as the income of the proprietor. The disadvantages of a proprietorship are unlimited liability for the debts of the firm, and difficulty in raising large amounts of capital as the business grows. A partnership has the same tax advantage as the proprietorship. The partnership per se does not pay...
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...CHAPTER ONE 1. Introduction to the study The purpose of study is to evaluate the effects of strategic buyer-supplier alliances and partnerships in the South African clothing stores, sector and industry. Strategic Alliances, Partnerships and Joint Ventures involve the establishment of informal and formal relationships with other individuals or businesses to share resources, ideas or capital (Hugo, Badenhorst-Weiss & Biljon 2007). The research indicates that during the past decade, companies in all types of industries and all parts of the world have elected to form strategic alliances and partnerships to complement their own strategic initiatives and strengthen their competitiveness in domestic and international markets (Thompson Jr, Gamble & Strickland, 2006), the statement confirms that some of the companies realize the importance of strategic alliances and partnerships. The current situation in South Africa indicates that the government is imposing Quotas on Chinese imports with intent to influence the South Africa retailers to buy from local suppliers (Sandrey & Fundra, 2008). The quotas have encouraged the major retailers in South Africa to procure more from local suppliers than ever before given the growth in their collective businesses over the last four years. Preliminary investigation between the retailers and clothing manufacturers confirm the retailers’ expectations that local companies will be unable to make up the expected shortfall the quotas will inflict...
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...INTRODUCTION Partnerships are defined by the Audit Commission (1998) as “joint working arrangements where parties are otherwise independent bodies who agree to co-operate to achieve common goals, create a new organisational structure or process to achieve these goals, plan and implement a joint programme and share relevant information, tasks and rewards”. Stern and Green (2005) clarify the definition of partnerships further as programmes that have “a high level of commitment, mutual trust, equal ownership and the achievement of a common goal, as distinct from networks which involve sharing information or other resources but not for the explicit purpose of joint working”. Definitions are particularly significant to the topic of this essay, as the component characteristics of partnerships as set out above are often overlooked by organisations and individuals when approaching the delivery of activities ‘in partnership’. In theory, partnership involves collaborative working where people pool ideas and expertise, so the leadership, energy and services produced are greater than the sum of their individual capabilities. It also requires re-thinking the remit or boundaries of organisations within which leadership is to be distributed and respected. This is particularly relevant when considering partnerships to deliver single outcome agreements that have previously been the responsibility of one body, or several bodies in isolation. These are challenges to which public sector...
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...Lit1 Task 310.1.2-01-06 Part A Determining whether to start or invest in a business endeavor and what kind of business endeavor to choose can be challenging. Through this report the numerous types of business organizations will be assessed. By the end of the report you should have a greater comprehension of the different choices available. * Sole Proprietorship: To start off it is essential to have a clear understanding of what sole proprietorship means. As the sole proprietor you are the owner and the operator of that business. In more detail, the sole proprietor manages everything including setting up the business. An attorney is only needed if the sole proprietor plans to report the name of the business under a name other than their own. In that instance they would need to register the business with the government. * Liability: A full understanding of all liability and where it falls is very important. All liability falls on the owner on the company. This means that not only all of the company’s assets but also the owner’s personal belongings possibly will be occupied in any scenario where the company fails. More specifically, in the event that the company flops because of unfortunate market settings, poor business policy or if there is an injury suffered implicated by company products. The liability falls on the owner of the company including all characteristics of the business and can be brought into any legal actions. * Income Taxes: As a sole proprietor...
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...ECE 313 WEEK 1 ASSIGNMENT FAMILY PARTNERSHIPS To purchase this visit here: http://www.activitymode.com/product/ece-313-week-1-assignment-family-partnerships/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 313 WEEK 1 ASSIGNMENT FAMILY PARTNERSHIPS Family Partnerships. Chapter 1 focuses on the family-centered approach to early childhood education, highlighting the importance of the partnership between the family, the early childhood program, and the community to maximize a child’s development and learning. For this assignment, you will create a one- to two-page fact sheet (not including title and reference pages) you can provide to the families in your program that explains the values and challenges of a family-centered approach. The content on your fact sheet should: 1. Summarize the components of a family-centered approach. 2. Describe five benefits of a family-centered approach. 3. Describe two potential obstacles to overcome in a family-centered approach. 4. Recommend two strategies to overcome obstacles and enlist the support of parents. In addition to the required content, please be creative with your fact sheet. Keep in mind that this is a resource to be used in the classroom, so make it parent friendly and engaging. You may wish to add visuals and pictures. Be sure to also use at least one scholarly source in addition to the text to support the ideas, and cite all references in APA format as outlined in the Ashford Writing Center. Activity mode aims to provide...
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...Dimitrios Champlaie MGM255 -1203B-02: Management Fundamentals Phase 5IP, Responsibilities of Management Instructor: Kimberly Normann Organizational change occurs when a company makes a transition from its current state to some desired future state. The first thing a company does is diagnose the current state of the organization. This involves identifying problems the company faces, assigning a level of importance to each one, and assessing the kinds of changes needed to solve the problems. The second rule of order is to design the desired future state of the organization. This involves picturing the ideal situation for the company after the change is implemented, conveying this vision clearly to everyone involved in the change effort, and designing a means of transition to the new state. An important part of the transition should be maintaining some sort of stability; such as the company's over-all mission or key personnel—should re-main constant in the midst of turmoil to help reduce people's anxiety. The third order of operation is to implement the change. This involves managing the transition effectively. It might be helpful to draw up a plan, allocate resources, and appoint a key person to take charge of the change process. The company's leaders should try to generate enthusiasm for the change by sharing their goals and vision and acting as role models. The process of planning and implementing change...
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...Case ANACOMP INC. By Hanyu LIU 6260268 1. Identify all the economic entities involved in the development of Anacomp’s CIS software system. The economic entities include Anacomp itself, a limited partnership RTS Associates, banks as co-developers- four CIS Primary Development Banks, and other banks contracted with Anacomp to provide loans or advisory services in the CIS project. 2. Describe the contractual arrangements between the economic entities involved in the CIS development. Who bears the majority of the risk of failure of the development effort? Who stands to gain most if the development effort succeeds? Are Anacomp’s shareholders better off or worse off with this arrangement, relative to in-house development of the system? For the contractual arrangements between Anacomp and RTS Associates: the two had entered into an agreement in November 1979. Anacomp agreed to develop the CIS system on behalf of the partnership. In return, RTS agreed to pay a development fee of $6 million, of which $2.2 million was paid in 1980. Upon completion of the development of the CIS system, Anacomp agreed to market CIS for five years on a commission basis. In addition, if the CIS development expenses exceeded $6 million and therefore RTS was required to pay further development fees, Anacomp agreed to loan RTS, without recourse to the limited partners, up to $1.5 million to complete the CIS system. Anacomp also had the option to acquire all rights to the CIS system at the greater of...
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...Hutchinson as an introductory paper to issues for the CCIC’s Learning Circle on NGO Engagement with the Private Sector. CCIC is grateful to the IDRC’s Canadian Partnerships Program for funding for the Learning Circle, including the production of this paper. The author wishes to express appreciation for the editing and other assistance provided by Brian Tomlinson of the CCIC, and for suggestions from other members of the planning group for the Learning Circle: Andrea Botto, Anne Buchanan, Tim Draimin, Philippe Jean, Brian Murphy and Lynda Yanz. 2 NGO Engagement with the Private Sector on a Global Agenda to End Poverty : A Review of the Issues Table of Contents 1. Introduction 1 2. What is this discussion really about? 2 3. Canadian NGOs: issues in advocacy, dialogue and partnership 3 3.1 Advocacy 3 3.2 Direct dialogue 6 3.3 Programming social partnerships and strategic alliances 8 3.3.1 What is driving the discussion of social programming partnerships and strategic alliances? a) Corporate interests b) Intermediary organizations c) NGO interests d) Government agendas e) Overlapping NGO-corporate interests? 10 10 11 12 13 14 3.3.2 Financial relationships 15 3.3.3 Strategic alliances and programming partnerships a) NGO and service / consulting firm partnerships b) Mining sector alliances and partnerships c) Codes of conduct for consumer goods 16 16 17 18 4. Cross-cutting issues 19 4.1 Approaches to social change for poverty reduction 19 4.2 Due diligence ...
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...PARTNER ASSESSMENT FORM | | | | | | |A ‘prompter’ enabling those creating a partnership to ask systematic questions of any potential partner to ensure a good fit with the goals / needs of the | |partnership. This tool should be used as a starting point for exploring a potential relationship by providing a basis for frank discussions with the key players| |involved at both senior and operational levels. It is designed to raise appropriate questions - not to provide definitive ‘screening’. | | | | | |DOES THE | ...
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...POLITECHNIKA ŚWIĘTOKRZYSKA WYDZIAŁ ZARZĄDZANIA I MODELOWANIA KOMPUTEROWEGO THE FIRM IN A COMPETITIVE MARKET PART ONE OPRACOWAŁ: dr hab. Jan L. Bednarczyk, prof. PŚK Kielce 2012 CONTENTS 1. Types of partnerships/companies................................................................................3 2. Objectives of a company.................................................................................................8 3. Relationships between companies and their financial management, and other links of the financial system.....................................................................................10 4. Financial statements (accounts) of companies and the information contained in them......................................................................................................................13 1. Balance sheet.................................................................................................14 2. Profit and loss account..................................................................................15 3. Cash flow statement......................................................................................16 5. Analysis of a company’s financial position/standing...............................................17 1. Analysis of financial statements...
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...Executive Summary Computer Gaming is nothing new in our generation. It is also known as Electronic sports (eSports), which comprises the competitive play of video games. Other terms include competitive gaming, professional gaming, and cybersport. The most common video game genres associated with electronic sports are real-time strategy (RTS), fighting, first-person shooter (FPS), massively-multiplayer online (MMOG), and racing. Games are played competitively at amateur, semi-professional and professional levels, and these games have organized competition in the form of leagues and tournaments. Events such as Major League Gaming (MLG), Global Starcraft League (GSL), World Cyber Games (WCG), Dreamhack, and Intel Extreme Masters provide both real-time casting of streamed games, and cash prizes to the winners. In one sentence we can say these events are Olympics of eSports. This competitive gaming has become a profession now & gamers from all over the world participates in these events. Our country is not any different. Professional gamers from our country has been joining these events since 2005. Now they regularly practices these games to enhance their performance so that they can compete with other players in their top condition. This is where Gaming Lounges come. Gaming Lounge provides them with high configured computers & consoles (ps3, xbox360 etc.) which are connected with high speed internet and can give them best performance for their practices. Business Description ...
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