constitution -each relies of people to achieve objectives -each has a form of structure co-ordinating the people in the achievement of their tasks. Types of organisations There are different types of organisations: 1-Sole traders 2-The partnership 3-Companies 4-Franchising The sole trader The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking). No complicated paperwork is required
Words: 1740 - Pages: 7
Business Associations Outline 1. Agency a. Creating the Agency Relationship i. agent and principal enter into an agreement (not required to be in writing....no K required) in which the agent acts on the principal’s behalf in entering K’s etc…. 1. if done within the scope of the agency (enter into K, etc…) anything done by the agent is binding on the principal 1. principal may be liable in K, tort, property, etc…. (Vicarious liability) ii. question of agency is a factual matter to be determined
Words: 21088 - Pages: 85
presentation of financial statements; To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. Contents 1. 2. A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption
Words: 3734 - Pages: 15
Tee’s for Tykes, Inc. 12015 Bay Hill Boulevard Orlando, Florida 32819 407-876-5437 (KIDS) CEO James Smith Table of Contents Executive Summary…………………………………………………………………………...…..3 Vision and Mission Statement………………………………………………………………...…..4 Market Opportunities…………………………………………………………………………...…5 Market Strategy…………………………………………………………………………………...8 Business Strategy…………………………………………………………………………….......11 Organizational Structure, Operations and Management…………………………………………17
Words: 3452 - Pages: 14
PARTNERSHIP AND SUBCHAPTER S TAX OUTLINE SPRING 2009 VICE PRESIDENT, ASSOCIATE DEAN, AND PROFESSOR BRUCE A. MCGOVERN Stephen A. Lind et al, Fundamentals of Partnership Taxation: Cases and Materials (8th ed. 2008) Selected Federal Taxation Statutes and Regulations (Daniel J. Lathrope ed., 2009 ed. 2008) Laura E. Cunningham & Noël B. Cunningham, The Logic of Subchapter K: A Conceptual Guide to the Taxation of Partnerships (3d ed. 2006) PART 1: AN OVERVIEW OF THE TAXATION OF PARTNERSHIPS AND
Words: 55311 - Pages: 222
Introduction: In this case study I would like to select a cafe shop as a small business and I would write a report on their location suitability and also why there is an great opportunity to develop their business. For this case study I have chosen my home town Sleaford as the location for the café. As this small town is very confinement as its located on the edge of the fertile Fenlands about 11 miles from Grantham, 16 Miles from Boston and also approximately 17 miles from Lincoln. As an owner
Words: 3309 - Pages: 14
Business Law and Taxation Final Pre-board Examination Batch 18 (October 2009) 1. The buyer acquires a real right to the fruits of the thing sold. a. From the time the obligation to deliver the thing arises b. From the perfection of the contract of sale c. From the delivery thereof d. From payment of the price 2. A buyer may sue the seller for breach of warranty against hidden defects of things a. Within 40 days from delivery of the thing sold
Words: 4770 - Pages: 20
keep the incumbent under contract for the remaining 20% of work. The third option is to cancel the RFQ, clarify with the bidders what was unclear in the specifications that resulted in such a wide variation in pricing and go out for bids again. The final option is to attempt to negotiate with the three low bidders for the supply of individual parts, since each of the bidders had one of the lowest prices in each of the three categories. This report recommends Havilland chooses the second alternative
Words: 11214 - Pages: 45
2014 Dr. Marcus Crawford Business Financing and the Capital Structure A business can be defined as an occupation, profession or trade (Dictionary.com, 2014). It can consist of a person or a partnership of some sort. With a business comes struggles and success, the way a person or partnership handles those struggles may determine their success or downfall. With any business their main purpose is to make money and to stay above the rest of the market. As a financial advisor the writer of this
Words: 919 - Pages: 4
Business : Mushanic Enterprise * Address : Lot 18309, Kg Kanchong 71200 Rantau, Negeri Sembilan, Malaysia * Telephone Number : 06-6536313 * Fax : 06-6536314 * Email Address : delicious_mushanic@gmail.com * Form of Business : Partnership * Main Activity : Produce and packaging fresh mushroom * Date of Commencement : 1st January 2012 * Initial Capital : RM50, 000 INTRODUCTION OF THE BUSINESS Currently, there are many products that are produce for any function. The
Words: 7722 - Pages: 31
