businesses are the chosen types of ownerships. Furthermore, I will be discussing the businesses which are of the following types; PLC, Ltd and Partnership. 2.0 findings The three businesses I am investigating will be Tesco PLC, Ford Motor Company Limited and The John Lewis Partnership. I have chosen these three businesses because they all have different ownerships and they give me a wider range to research as I discuss why different ownerships may be better for the type of business. 2.1 Tesco
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Partnerships are very similar to that of sole proprietorships except that partnerships consists of two or more owners. Each of the partners contribute to all aspects of the business. Partnerships fall into 3 different categories: general partnership, limited partnership and joint venture (Parrino et al., 2012). Just like sole proprietorships, partnerships are easy and inexpensive to form. Another advantage of a partnerships is that each partner is equally
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Table of Contents I.) INTRODUCTORY PRINCIPLES 2 A.) Efficiency and Other Concepts 2 B.) Agency and Partnership Law 2 II.) INTRODUCTION TO THE CORPORATE FORM 16 A.) Formation and Structure 16 B.) Debt, Equity, and Valuation 22 III.) CONTROL OF CORPORATE DECISIONS 32 A.) The Role of the Shareholder 32 B.) Management Obligations 50 1.) Duty of Care 51 2.) Duty of Loyalty 56 3.) Duty of Fairness: Parent-Subsidiary Relationships 63 4.) Duty of Good Faith 64 5.) Management Obligations
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areas of South Florida that are densely populated by retirees and recent immigrants from the Caribbean basin. Prefab acquires land, builds streets and other land improvements, builds modular homes on the land and then sells the entire development to limited partnerships that are set up as tax shelters. Prefab finances most of its construction costs through the Sun Atlantic Bank in Fort Lauderdale. Prefab's condensed financial statements for 2013 (audited) and 2014 (un-audited) are presented below
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There are four different major business formation types. First I will discuss the sole proprietor formation, then the general and limited partnership, the corporation formation and then the limited liability company. I will focus on the main advantages and disadvantages of the formations and decide which one would be best for a design firm. A sole proprietorship is similar to a freelancer, in a sense that one person is the boss and has responsibility over everything. They are taxed similarly as
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health care, food and drink, and telecommunications; as well as travel, entertainment and lifestyle, The Virgin Group Ltd has more than 400 companies worldwide. The Virgin group company has limited liability. It is run by directors, its capital is divided into shares and it is legally accountable. Limited companies can begin trading once its Memorandum of Association has been drawn. This memorandum contains the objectives of the company, the name of the company, its registered office, the liability
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Executive Summary Superior Beauty Supplies Limited was incorporated as a Limited Liability Company under the Companies Act of Jamaica 2004 on the 14th day of December 2007. The company commenced operations in April 2008 from premises located at Pineapple in Ocho Rios, St. Ann. The Company is one of the leading distributors of beauty supplies in Jamaica. We currently offer facial creams, scrubs and body oils. The Company’s Tag Line is “We bring out the radiance in you”. The Company has now decided
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value bedroom furniture from children’s pieces as well as higher end options, Maker (2015, p.13). Matalan Retail Limited was taken private in December 2006 by the acquisition of its parent company, Matalan Plc (now delisted and known as Matalan Limited), by Missouri Bidco Limited, subsequently renamed Matalan Finance Limited. Matalan Finance Limited has subsequently become a public limited company and is ultimately controlled by the Hargreaves family. This strategic starting point ensures the company’s
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Sole Proprietorship Partnership Limited partnership Limited Liability Company (LLC) Corporation (for-profit) Nonprofit Corporation (not-for-profit) Cooperative. Sole Proprietorships and Partnerships For many new businesses, the best initial ownership structure is either a sole proprietorship or -- if more than one owner is involved -- a partnership. Sole Proprietorships A sole proprietorship is a one-person business that is not registered with the state like a limited liability company (LLC) or corporation
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the profits and liabilities of a business venture. Limited company: A limited company (LC) is a form of incorporation that limits the amount of liability undertaken by the company's shareholders. Public limited company (PLACs): A public limited company (PLCs) is the standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company's stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for
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