Forms of Ownership Business is the profitable activity in which the owner provides products or service to the customers in order to get profit. The main aim of the business is to make profit. The wrong decision on selecting the ownership affects the over all performance of the business. The business run by the one in order to take risk and profit is called the sole-proprietorship. The second form of the ownership is partnership which include more than two business partner in the firm. Corporation
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[pic] Credit Application Form |Prepared by FAM (Name): Tarun Makhija |Date Prepared: 18.04.2012 | |BUSINESS INFORMATION | |Existing Customer: Yes No |Phoenix Customer No.:
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Small Business Idea University of Phoenix Accounting ACC 561 Small Business Idea Establishing a new business requires examination of each of the four forms or business organization, and analysis of the advantages and disadvantages of each. Once these have been evaluated, a business owner will be able to make a more informed decision on which form of business organization is most appropriate for their idea. Each form of business entity is different in its advantages and disadvantages
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Accounting 11 Partnership vs Sole Proprietorship March 11, 2014 Thinking about starting your own business? Do you prefer to work alone? Or do you prefer to work with a partner? If you choose to work with a partner then the best business structure for you would be the partnership structure. First you must ask yourself; do we have the same vision or objectives on how to run the business? Are we able to communicate well with each other? Most important question of all, do you trust this individual
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Danone v. Wahaha: Lessons for Joint Ventures in China Steven M. Dickinson Harris Moure PLLC www.harrismoure.com Danone Group and its partner, Wahaha Group Company, are shareholders in a joint venture company that is the largest beverage company in China. A recent dispute between the partners now threatens to wreck the joint venture. What lessons can be learned from this dispute for investors considering new joint ventures in China? Disputes such as this are not inevitable in China. They can be
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Business Organization In a joint-stock company, an entrepreneur raises capital by issuing stock certificates of its ownership. This normally involves selling shares of the stock to investors that guarantee them the right to a certain percentage of the company’s profits. Such companies include those that allow workers to invest in a 401k, which is beneficial to them. A limited liability company is a legal system that prevents creditors from seizing the personal wealth of a company’s stockholders
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Dear John, When starting your business there are several thing that you will have to examine. The first thing you must do is make a decision on what product or service you will provide. Ask yourself a few questions. Is the product or service that I am offering beneficial to the consumer’s livelihood? Will the product or service that I am offering be viewed as a need or a want? Is this product or service innovative enough to compete with my competitors? While going through this process keep in mind
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In the United States, several laws have been enacted to protect the rights of workers and provide guidelines to employers. The Family Medical Leave Act of 1993, the Act of 1990, and the Age Discrimination Act of 1975, provide clear guidance to employers and employees when addressing workplace concerns. Employees and employers must understand the requirements of each law to ensure proper implementation and avoid conflict. Situation A Family Medical Leave Act (FMLA) Congress enacted The Family Medical
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Simulation Review Amber Gosney HCS/405 February 11, 2013 Paul Herskovitz Simulation Review This paper provides information regarding a simulation review that was intended to show how a hospital determines revenue and expenditures. The information was based on the Elijah Heart Center (EHC), and all decision was made with careful analysis of EHC employees, along with me. Capital Shortage In the simulation activity I chose two types of cost-cutting options. The first
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Tiare Gomes Business Marketing Management April 2013 Task 1 (310.1.2-01-06) SOLE PROPRIETORSHIP: The Sole Proprietorship is a business owned completely and solely by one person. It is easy to start this type of business because legal formalities are minimal. Sole Props are popular amongst small businesses or start-ups because of this simplicity. Business taxes are done all under one filing (the owner files his taxes normally with the form 1040 and a schedule C) and all gains and profits belong
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