will not print. The undersigned, with the intention of creating a Maryland Limited Liability Company files the following Articles of Organization: (1) The name of the Limited Liability Company is: Global One Services, LLC . (2) The purpose for which the Limited Liability Company is filed is as follows: To secure local and Federal government, state, and private contracts. . (3) The address of the Limited Liability Company in Maryland is 2701 Moores Plains Blvd Upper Marlboro, MD 20774
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competitive advantage. Thus, taking all these elements in consideration, opening a coffee shop (White Coffee Beans) seems to be a good option. There are different types of commercial companies in Oman. General Partnership Companies, Limited Partnership Companies, Joint Stock Companies, Limited Liabilities Companies and Joint Venture. In selecting a coffee shop (White Coffee Beans) business, some factors have to be considered, 1) Amount of investment needed. 2) Type of products and services to be
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various forms such as sole traders, partnerships, franchises, private limited and public limited. Types of business in the Public sector Charitable Organisation Charitable organizations are a kind of business that fit within the nonprofit category meaning all profits are re-used in order to re-invest back into the business. In general, this type of entity is sometimes referred to as a charity or foundation, which can be run publicly or privately and has unlimited liability or in other words has
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Exploring Business Activity Scenario: Tesco’s core purpose is to create value for customers to earn their lifetime loyalty. (Source: www.tesco.com). Tesco is Cancer Research UK Charity of the Year for 2012. They aim is to raise around £10million to help find the cure for cancer but also help keeping families together by prolonging lives. Cancer Research is therefore the leading charity to help patients suffering with cancer. Task 1: There are different aspects of business activity
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would be better because that way managers will avoid to inflate stocks value by overstating profits. 6)Propietorships, Partnerships and Corporations Advantages of Proprietorships and Corporations * Ease of formation * Subject to few regulations * No corporate income taxes. Disadvantages: * Difficult to raise capital * Unlimited liability * Limited Life * Often set up through LLC and LLP Corporations Advantages * Unlimited Life. * Easy transfer ownership
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P1: Describe the type of different businesses, purpose and ownership of two contrasting businesses Local A local business is a new business that is set-up usually around the area that you live in. It’s a business that may have a few branches but only within the city. The majority of local businesses are usually owned by one person. An example of this is Manor Park Fisheries. National A national business is a business that is only U.K based which means they operate only throughout the country
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My Task – P1 Scenario –I Barry Andrews work as a junior journalist for the local newspaper which is planning to run a feature article on businesses. Tesco: Jack Cohen was reluctant to go back to tailoring after the First World War. This is when he started selling stuff on market stalls. In 1919, Jack Cohen started selling surplus groceries from a market stall in the east end of London. He then owned a number of stalls which at first were ran by his family but after time he gradually employed non-family
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Organisations Public Limited Company * A public limited company is the largest type of business. These companies end their names with plc, the shares are usually traded on the stock exchange and can be owned by members of the public and institutional investors such as large banks and insurance companies. This type of business can raise a large amount of money by selling shares and use this to expand or develop the enterprise. All shareholders have limited liability. Limited liability is when the shareholders
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guidance and help this learning experience would not have been the way it has been. I have tried my level best to come up with as well written and informative report as possible. However, because of the confidentiality policy of True Services (Pvt.) Limited it has not been possible to put as many data and information as I would have liked to. Hope you enjoy reading the report just as much I enjoyed writing and working for the report. With Regards _____________________ Nusrat Zahan ID: 10104172
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2. Corporate Nature and Classification. It is decided that the organizational form for this firm should provide limited liability for the owners. The owners will include John, Mary, Paul, and some members of their respective families. One of the features of the corporate form is limited liability. Ordinarily, however, corporate income is taxed at both the corporate level and the shareholder level. Which corporate form could the firm use to avoid this double taxation? An organization like
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