private sector. Asda is a limited company which means that it is made up of people who know each other. In this case Asda's parents are Walmart. Shares cannot be brought by the public however it is possible to buy shares in the company but the owners control who buys the shares. The shareholders own Asda which means that the liability is limited. This means the shareholders will only lose the amount they invested in the business if anything was to go wrong. With limited companies it is essential
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different types, purposes and ownership of businesses such as; Charity or not for profit organisations, private limited company and international/global. Organisations operating in the public sector i.e. for benefit of everyone and not making a profit. Organisations operating in private sector are trying to make a profit such as Tesco, M&S, ALDI etc. even if they are called a public limited company. Charity does not make a profit. Their ownership is by a ‘board of trustees’. I have chosen
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the business with. A good hairdresser, for example, may not be very good at handling the accounts. 2. Sole traders often work long hours and find it difficult to take holidays, or time off if they are ill. 3. Developing the business is also limited by the amount of capital personally available. 4. There is also the risk of unlimited liability, where the sole trader can be forced to sell personal assets to cover any business debts. Partnership: Partnerships are businesses owned by two
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ARTICLES OF ORGANIZATION OF LIMITED LIABILITY COMPANY The undersigned organizer hereby adopts the following Articles: ARTICLE 1 Name The name of the Limited Liability Company is: ____________________________ ARTICLE 2 Principal and Mailing Address 2.01 The complete street address of the initial designated principal office is: ___________________________________________ ___________________________________________ ___________________________________________ 2.02 The
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Business Planning Business Plan Introduction My idea for the business that I will be planning is a ‘dog grooming’ business, offering a range of treatments that can be purchased and used in order to care for dogs, ensuring that they are as healthy and clean as possible. This isn’t a very competitive market to enter as there aren’t many dog grooming companies that operate within the UK that can dominate the market nationwide; there will be larger ‘regional’ dog groomers that could possible
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STELA PICICUROV Assessment activity 1.1 In this assessment, I have chosen to write about Oxfam which is a world known registered charity and Marks and Spencer (M&S) which is a major British multinational retailer. P1. Describe the type of business, purpose and ownership of two contrasting organisations. The name Oxfam comes from the Oxford Committee for Famine Relief, founded in Britain in 1942 due to relieve famine in Greece caused by NazilGermany military occupation and Allied naval
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My chosen business for D1 is Pandora Jewellery. I have chosen this business because they are currently a publicly traded company so if they were to turn into a private limited company a lot of things would change in and around the business. An advantage of Pandora Jewellery getting new ownership by turning into a private limited company is that more stores will open globally meaning more merchandise will be sold. The more merchandise that is sold then the more income the business will be receiving
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Niels Laasholdt Steen Sloth Gitte Størup Marianne Poulsen BUSINESS ECONOMICS – AN INTRODUCTORY CASEBOOK FOR THE COMMERCIAL UPPER-SECONDARY COURSE (HHX) 1 BUSINESS ECONOMICS – an introductory casebook for the commercial upper-secondary course (HHX) © 2005 the authors and Systime A/S Copying from this book is only permitted subject to agreement between Copy-Dan and the Danish Ministry of Education. External editing: Knud Erik Bang Cover: Valentin Design Typeface: Adobe Garamond Pro 11/14
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. . . . . . . . . . . . . . . . 11 CONCLUSION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 INTRODUCTION: Square Pharmaceuticals Limited was founded in 1958 by Samson H. Chowdhury along with three of his friends as a private firm. It is sister concern of Square Group. In 1964 it was converted into a Private Limited Company. In 1985 Square Pharmaceuticals Ltd (SPL) achieved market-leadership in the pharmaceutical market of Bangladesh among all national and multinational
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