A partnership is considered to be a legal relationship between two or more persons who carry on a business with the objective of making a profit and sharing it between or among themselves; however, the persons are equally liable for its debts. A Limited Liability Partnership (LLP) is a form of partnership that protects its members from being personally liable for negligent acts conducted by other partners or employees under their supervision. It is a popular business structure given that the partnership
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(ii) are established or adopted by the Board under section 103(a), or are promulgated as rules of the Commission. (11) PUBLICACCOUNTINGFIRM.—The term ‘‘public accounting firm’’ means— (A) a proprietorship, partnership, incorporated association, corporation, limited liability company, limited liability partnership, or other legal entity that is engaged in the practice of public accounting or preparing or issuing audit reports; and (B) to the extent so designated by the rules
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Contents Letter from the Chairman Operating Highlights Financial Highlights Corporate Information Notice of the 22nd Annual General Meeting Directors’ Report Management Discussion and Analysis Corporate Governance Report Auditors’ Report Balance Sheet Statement of Profit and Loss Cash Flow Statement Notes to the Balance Sheet and Statement of Profit and Loss Statement relating to Subsidiary Company Consolidtated Statement of Accounts Attendance Slip and Proxy 02 04 05 06 07 16 24 29 47 52 53 54 56
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Business Partnership Name/ STUDENT ID/ Business Partnership A partnership consists of two people to twenty one people who run the business while in a voluntary organisation it can range from 1 to as many as possible but in general charities are quite large. A contract is usually formed called deed of partnership. The deed will state how much capital each party has contributed and the profit and losses will be shared. A local example Lomas smith in Measham. The majority of these partnerships are lawyer
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purchase natural resources and raw goods which she lacks. Moreover, water is scarce in Singapore[20] therefore water is defined as a precious resource in Singapore along with the scarcity of land to be treated with land fill of Pulau Semakau. Singapore has limited arable land[21] that Singapore has to rely on the agrotechnology park[22] for agricultural production and consumption. Human Resource is another vital issue for the health of Singaporean economy.[23] The economy of Singapore ranks 5th overall in the
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TAXONOMY – Best exit strategy BUSINESS STRUCTURES | ADVANTAGES | DISADVANTAGES | Companies | * Your liability for the company’s debts is limited, although this protection can be destroyed by creditors, including financiers, calling for guarantees from company directors * It’s easy to transfer ownership by selling shares to another party * Shareholders (often family members) can be employed by the company * Taxation rates can be more favourable * You’ll have access to a wider
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Business Sector. Sole tradership is when the business is fully owned and managed by one person, though others can be employed to help run the business. As the sole traders only financial income is from the business and/or bank loan, they do not have the resources to expand and cover regional or national areas. These types of businesses are located in the small business sector and usually cover local areas. Such businesses could be hairdressers, corner shops or market stalls etc. Sole traderships have
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You are an Entrepreneur – MP’s Music Specialty Store Marilyn Parham Strayer University ACC 557 Financial Accounting Prof. Olasunmbo August 17, 2015 You are an Entrepreneur – MP’s Music Specialty Store In June of 2015 student life got to the point that more was needed in order to have feelings of fulfillment. The love of music has always been of personal interest and a high priority, not just singing but exploring and collecting old and new music from all genres. Today is the day the personal
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Contents Letter from the Chairman 02 Operating Highlights 04 Financial Highlights 05 Corporate Information 06 Notice of the 22nd Annual General Meeting 07 Directors’ Report 16 Management Discussion and Analysis 24 Corporate Governance Report 29 Auditors’ Report 47 Balance Sheet 52 Statement of Profit and Loss 53 Cash Flow Statement 54 Notes to the Balance Sheet and Statement of Profit and Loss 56 Statement relating to
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Course: BTECH – HND – Business (Management) Year: 2015/2016 Name: Susantha Suwandaratne Subject: Unit 01: Unit 01: Business Environment Complete Date: 4th Of January 2016 Words between 2500 and 4000 _______________________________________________________________ Task 1 - Understand the organisational purpose of business ___________________________________________________________________________ 1.1 Identify the purpose of four different
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