1I have been asked to write a feature article in the next edition of the new paper titled business review. In my article I am going to be exploring two different types of business a profit making and a non-profit making; I will be focusing on the business Tesco and havering sixth form college. Here is a description for different types of business: * Local: a local business is a business that provides good or services to a local population. for example a corner shop which is a small business
Words: 1571 - Pages: 7
| |N – NEW INCORPORATION |S – LIMITED BY SHARES | | | | |F – REGISTRATION OF FOREIGN |G – LIMITED BY GUARANTEE | |COMPANY
Words: 346 - Pages: 2
Types of Businesses Local A local business is a business that is operates in a small area and sells products to a local population. An example of a local business could be a franchise such as Swami's. Swami’s is a single store that only sells products to customers that live close to the shop in the areas rather than shipping out products around the country. National National businesses are businesses that sell to customers across a single nation/country. This may be a company that has multiple
Words: 2033 - Pages: 9
JSCA creation of limited liability consolidation of 1844 and 1855 Acts, 1900 the company Act compulsory the audit of balance sheet as required 1929 the company Acts require profit statement 1948 the companies act requires balance sheet and profit and loss accounts to be true and fair and to be disclosed at minimum level and so on. Accounting regulations in the UK is divided into three main regulatory authority and governance which all entities whether sole trade partnership or limited company which
Words: 555 - Pages: 3
sole proprietorship are easy to start, the owner is able to retain his profits and the owner has sole control of business decisions. The cons of sole proprietorships are unlimited liability, limited financial resources, harder to get additional financial resources for example loans, limited growth, and limited life span. 1) The owner/operator is solely liable for the business and if the business is sued, the owner is liable for any and all judgments rendered. The owners personal assets are not protected
Words: 1535 - Pages: 7
The final part of your proposal will cover legal | |aspects of your business start up. | Legal aspects: legal status eg sole trader, partnership, limited company, franchise, cooperative; legal liabilities; trading terms and conditions; trading standards; licences; record keeping; resolving problems; national/local laws; regulations and bylaws; health and safety; fire regulations; licensing; liabilities;
Words: 548 - Pages: 3
No. 2011-19 20 October 2011 Technical Line Financial reporting development In this issue: Introduction ...................................... 1 The models ........................................ 2 Variable Interest Model ..................... 2 Voting model ..................................... 3 Navigating through the Variable Interest Model ............................... 3 1. Does a scope exception to consolidation guidance (ASC 810) apply? ....................... 4 2. Does a scope exception
Words: 10530 - Pages: 43
Assignment A: In this assignment I will be discussing two different businesses. Tesco and the charity OXFAM. Both businesses are widely recognised in the UK as they are both big businesses. Tesco was founded in 1919 by Jack Cohen as a group of market stalls. Currently, the main owner of Tesco is Richard Broadbent, but Tesco is widely owned by their shareholders. The 3 most major shareholders of Tesco are Norges Bank, BlackRock Inc. and Berkshire Hathaway Inc. The highest percentage a shareholder
Words: 1352 - Pages: 6
Assignment Introduction Masters Home Improvement is the trading name of an Australian Home Improvement chain, operated by a joint venture between Australian Retailer Woolworths Limited and Mooresville, North Carolina (United States) based hardware chain, Lowe's.[2] Masters was created as a way for Woolworths Limited to crack into the hardware retail space, which has been historically dominated by Bunnings Warehouse, which is owned by arch rival Wesfarmers. The two companies already compete with
Words: 2133 - Pages: 9
1) What is accounting? Option 1- Accounting is the process of identifying, measuring and communicating the economic information of an organization to its users who need the information for decision making. Option 2- Accounting is a process of knowing whether the business is on sound track. Option 3 – It enables to prepare a list of customers and suppliers to ascertain the amount to be received or paid. Option 4 – Accounting is compulsory in case of registered firm. Explanation: Ans-
Words: 2251 - Pages: 10
