contrasting Businesses |Key Content: | |Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, | |secondary and tertiary) | |Business purposes:
Words: 1603 - Pages: 7
List the advantages and disadvantages of each for. The forms a company evolves from proprietorship to partnership and then to a corporation. Some advantages of proprietorship are it is easy and inexpensive to form. It is subject to few government regulations and it’s income is not subject to corporate taxation but is taxed as part of the proprietor’s personal income. Some disadvantages are the proprietor can be held responsible for the debts of the business. Another disadvantage is it is hard
Words: 1129 - Pages: 5
Health Care Communication Methods My name is Tsering Wangmo and I work as an administrator at my local nursing home called “Serene Senior Living”. I absolutely love my job and feel truly blessed to work at a place where I feel both gratified as well as fulfilled. It truly feels good going home at the end of my shift knowing that I did something that day that was meaningful. It really gives me so much joy to be working for the wise and peaceful elderly residents, and although I can indeed go on
Words: 1124 - Pages: 5
If one partner signs a contract on behalf of the partnership, the general partnership and each partner are responsible for that contract. The shared ownership concept that characterizes a business partnership gives it certain distinct advantages and disadvantages. Partnerships are relatively easy to establish; however time should be invested in developing the partnership agreement. In a partnership agreement, the following arrangements, among others, should be spelled out: 1. How the business
Words: 4972 - Pages: 20
organizations * Assess critical the advantages the disadvantages of the various forms of organizations Module THREE * Discuss the social and ethical issues in financial reporting * Analyse the performance of an entity using ratio analysis, and explain the limitations Introduction Description of Business TDC, the St. Kitts Nevis Anguilla Trading & Development Company Limited (TDC) is a vibrant, innovative, and diverse Public Company that opened its doors for business
Words: 1325 - Pages: 6
to establish a business in the Northern Ireland economy in the 21st century. This paper will discuss and assess the three legal structures; sole traders, partnerships and incorporated bodies. Thus, establishing the features, operations, advantages and disadvantages of each. A sole trader is the simplest type of business structure. Tracey defines a sole trader as “a term used to describe an individual who carries on a business or profession without partners”. An alternative term is ‘sole practitioner’
Words: 2537 - Pages: 11
The Business Environment Unit 1/Assignment 1 Callum Whitehead Introduction In this assignment I am going to be describing the type, purpose and also ownership of two contrasting businesses. I will then look at stakeholders and look how they influence the businesses, look at how they are organised and explain how their style of the organisation helps to fulfil their purposes. Task 1 (Part A) My 2 contrasting organisations: 1. NHS 2. Microsoft Location – Explain different locations
Words: 2787 - Pages: 12
LIT1 Task 1 – Part A The way a business is organized is an important part of the business’s structure. “Different organizations provide different advantages and disadvantages in creation cost and simplicity, ongoing maintenance requirements, dissolution and continuity, fundraising, managerial control, public ownership, tax planning, and limited liability.” The nature of the business being conducted has little to do with the way the business is organized. (Johnson, 2013) Sole Proprietorship:
Words: 2852 - Pages: 12
Question [pic] Answer 1-1 a. Proprietorship: A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the proprietorship, so he/she is liable
Words: 1517 - Pages: 7
two disadvantages for BBT of operating as a private limited company. A disadvantage for BBT of operating as a private limited company is that it has not as many finance raising options and it can’t raise as much finance as a public limited company. BBT cannot sell shares to the general public, as a public limited company could have done, in order to have funds to invest in R&D. BBT’s only option as a private limited company is to sell shares to friends and family. Another disadvantage is that
Words: 697 - Pages: 3
