MODULE - 1 Forms of Business Organisation Business Environment 3 Notes FORMS OF BUSINESS ORGANISATION 3.0 INTRODUCTION After identifying the business in any field e.g., Insurance, it is necessary then to have a legal entity to be known in the society. The legal entity can be in any form of a business organization. The various forms of organization are as follows: 1) Sole proprietorship 2) Partnership 3) Co-operative Society 4) Joint stock company (Private
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Build Trust and Credibility The success of our business is dependent on the trust and confidence we earn from our employees, customers and shareholders. We gain credibility by adhering to our commitments, displaying honesty and integrity and reaching company goals solely through honorable conduct. It is easy to say what we must do, but the proof is in our actions. Ultimately, we will be judged on what we do. When considering any action, it is wise to ask: will this build trust and credibility
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Restaurant and Bar Scenario After reading through the Restaurant and Bar business scenario and reading the questions that were provided for this assignment it was determined that this business entity would be considered a general partnership between Lou, Jose, and Miriam. This being said this partnership is based on Miriam taking most of the financial risk from being the primary financial investor. This type of business also pays quite a bit of taxes due to the nature of products sold. These various
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Role and Functions of Law LAW/421 Contemporary Business Law Role and Functions of Law In society law functions to maintain social control and to protect the public at large by resolving disputes in a peaceful and reasonable manner. Laws are made to facilitate organized change by creating acceptable processes that can facilitate and lead to change. The Constitution outlines the power of the federal government which only has limited powers; to regulate individuals and businesses; and states are
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of the rules relating to company law and corporate governance, as well as to accounting and auditing, is essential for creating a Single Market for Financial Services and products. In the fields of company law and corporate governance, objectives include: providing equivalent protection for shareholders and other parties concerned with companies; ensuring freedom of establishment for companies throughout the EU; fostering efficiency and competitiveness of business; promoting cross-border cooperation
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involved and minimize risks of legal disputes regarding the subject matter of the contracts. If a company must take legal action against a business partner located in a different country, it would be practical for the company to decide on the type of law clauses to be used during contract negotiations. As indicated in the succeeding simulation example, some law clauses are supported by both domestic and foreign governments and others are not supported. In University of Phoenix simulation (2012)
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P a g e | 1 of 5 Series on Understanding Business Law & Regulations As a small business owner, you are subject to the same regulations as large corporations. Even if you’re starting out on a small level and planning to grow, you must comply with business laws and regulations from the day you open for business. This month: Advertising Law: Truth in Advertising Product Labeling Advertising Specific Products You’ve got a great product or service to sell, and you’re anxious to begin promoting
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Livedoor Internet services company Livedoor have benefited from loopholes in the laws of equity trading to inflate the amount of assets held by the company and its president, Horie, Livedoor who led the group. Livedoor was created in April 1996 and Horie made his debut on the stock market in April 2000. Its market capitalization increased to 830 billion yenin December 2005, 15 times the peak. Behind the steep jump in the value of the company was a series of tactical moves. Livedoor strategy focused
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action through programs and a focus on environmental stewardship, activities to benefit society, and a commitment to build shareholder value by making Company Q a truly sustainable company Build Trust and Credibility The success of our business is dependent on the trust and confidence we earn from our employees, customers and shareholders. We gain credibility by adhering to our commitments, displaying honesty and integrity and reaching company goals solely through honorable conduct. It
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Assessment Two- Business Organisations | Business One-Public Company | Business Two- Sole Trader | Business Three- Partnership | Number of Owners | Public- 5- InfinitePrivate 1-20 | Owned and operated by 1 person | 2-20(There are exceptions to this however such as accounting practices and medical practices) | Profit Sharing | Reinvested in the company or paid out to shareholders as dividends based on their share. | Owner retains profits | Profits and Losses are shared between partners depending
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