is a significant possibility that the default provisions dictating the law will not align with the needs of the organizers. The most common methods of business operations are as sole proprietorships, partnerships, limited liability companies and corporations. As such, after careful review and revision of the different business organizations, I have decided that I would establish a Limited Liability Company (LLC). A Limited Liability Company, quite simply is a company whose liability
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of business might actually seem line a silly question. The answer is a restaurant! However, the question is not quite that simple as there is four different forms of business organization: Sole Proprietorships, Partnerships, Corporations, and Limited Liability Corporations (Riley & Associates, 2011). Exhibiting advantages and disadvantages, each business type aids and
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University of Phoenix BUS/415 Steven Lee August 08, 2010 Restaurant/Bar Scenario Business Entity, Control, Taxation and Liability As per the scenario, Lou and Jose plan to open a sports bar and restaurant, the best business entity choice for this restaurant and sports bar is the partnership firm because Lou, Jose and Miriam are the three persons who want to start the business in return for a percentage of ownership. Lou and Jose will take care of business
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decision made by management essentially has a financial impact. Managers have a responsibility to increase the shareholders’ stake in the firm. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Sole Proprietorship: Sole owner of a business. The manager and the owner is the same person. The sole proprietorship has unlimited liability. You pay taxes as owner and for the business ones
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ideas from numerous people to generate a wide variety of knowledge. Collaboration in business can be found both inter- and intra-organization and ranges from the simplicity of a partnership and crowd funding to the complexity of a multinational corporation. Thanks to this website we will improve the productivity of the company that’s based on the principle of collaboration which has been shown a positively impact firm performance and innovation outcomes and will include the exchange of experiences
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punishable by corporate laws. The recommended action is not to use the information. In most multinational companies a corporate compliance virtue is formed into each employee, wherein each decision made must be in accordance to what is legally right. Corporations with no established corporate virtue, had been fined, and at worst closed down due to unfair business practices. Sustainability of action should be kept as a core competency, wherein action taken at the moment should be beneficial to the organization
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oCsr Synopsis Corporate social responsibility History: The history of today’s CRS theory has a long and wide spreading background. Despite the concept of CSR being growing, manifested and flourished in recent times, the late 1800s (industrial revolution) is considered to be the beginning of CSR concept and practice, when creating more productive employees were the main concern for promising business. One might argue to differentiate the social and business reason behind. Carnegie, Cadbury
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Dell Inc. operates as a Zero Time Organization could also be called a Matrix organization. A Zero time organizational structure includes a holonic organizational structure where each part was in itself a complete whole with the authority to make decisions, and had the ability to function independently if necessary. The best example of the concept of zero-management gaps at Dell was their cell manufacturing structure. When every individual on the cell had access to any information necessary
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Explain the forms of business. Which form of ownership would you prefer? There are 3 main forms of Business organizations a) Sole Proprietorship (b) Partnership (c) Corporation a) Sole Proprietorship In a Sole Proprietorship, there is no legal distinction between the Sole Proprietor's status as an individual from his or her status as a business owner. Although sole proprietorships are common in a variety of industries, they are concentrated primarily among small businesses such
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BUSINESS ORGANIZATION BUS/210 August 9th, 2012 Veronica White BUSINESS ORGANIZATION Michael always wanted to own his own business but never knew how to go about it. One day, Michael goes to his friend’s house after work to talk to him about starting up a landscaping business. Michael and his friend John grew up and went to the same school together. When they were both in high school, they would mow their neighbor’s lawn for extra money. After graduation, Michael went to work for a construction
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