Weymouth Steel Corporation Strategic Issues and Problems: Due to the cyclical business of steel industry, Weymouth Steel Corporation’s business is going to decrease, and it’s hard for the company to compete with other corporations. It needs to set up a new production system and satisfy environmental protection standards. Due to the cost-cutting effort, the company has closed some factories and cut unnecessary expenses. It plans to lay-off some employees. In addition, the company needs to increase
Words: 520 - Pages: 3
There are a lot of legal forms for businesses. In this paper, I will talk about these forms; sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. I will try to develop scenarios in which each of these forms of business would be the preferred form. For each scenario, I will justify why the corresponding business form is preferred. Sole proprietorship is the first form of businesses and it is the simplest form of
Words: 1097 - Pages: 5
| The Criteria That Determine Sole Proprietorships | Not all corporations started as a corporate entity. Many businesses start out small with one owner. They are known as sole proprietorships, the simplest and most widespread form of business formation in the United States. Certain criteria are used to determine sole proprietorship status. A sole proprietorship: * is owned by a single individual When you are planning to do business with a sole proprietorship, bear in mind that since a single
Words: 2918 - Pages: 12
BUILDING A CORPORATION A corporation is a legal entity created under state laws to transact business that is given the same legal rights as people, but possesses privileges and liabilities distinct from the shareholders who compose it. Corporations can operate a business, open bank accounts, enter into contracts, and buy property. You can either choose to fill out and file the requisite legal paperwork yourself or use a professional service. Choosing a Corporate Name The name of your corporation
Words: 1352 - Pages: 6
Crafting And Executive Strategy Assignment 1 Case Study # 6 Dell Inc. In 2008 : Can it overtake Hewlett – Packard as the worldwide leaders in personal computers ? Submitted to : Prof. James Farmer Submitted By : Roshni Patel Student Number : 300686000 Question 1: Dell inc. Began with a ‘winning strategy’. At this time (2012), this strategy is not used to the extent that it was once was and the company is now not the company that it was once. Did Dell’s strategy fails, did the company
Words: 1053 - Pages: 5
Tamlon Hamilton Wanda Moore Gen/200 Professional Knowledge As I Have explained in previous papers I have just recently started my own Tax office Business. The Company that influenced me to start this business was Corporate Financial services. This was the Company that I worked at for the 3 years before I figured out it was time for me to do this on my own
Words: 603 - Pages: 3
Molex Case Study Molex is the world’s second largest manufacturer of electronic components located in Chicago Illinois. However, they are truly a global Corporation, which established an international division in 1967 to handle exports and build manufacturing facilities in Japan in 1970 and Ireland in 1971. The company generates 1.84 dollars billion in revenue annually, about 61% of these revenues are generated outside the United States. Molex operates 50 manufacturing plants and 21 different
Words: 524 - Pages: 3
The issues that our company has to address is setting up a for profit business in a place where there are the many disasters and calamities that are affecting the area. Another issue is that there are environmental elements that cause damage to the island which can in turn jeopardize the economy due to the fact that the majority of the resources that are used to support the country come from agricultural means. Along with the many instances of environmental threats, there are also external and
Words: 662 - Pages: 3
Sole proprietorship: If I were to open a business on my own I would be the sole one responsible for all the cost and the reliability of the business. No one else would have the responsibility of the business other than myself, this is something that I want to do in the near future and that is what I am going to school for business for. Partnership: If a person or group of people wanted to go in on a business with me than we would be partners in the business. We would pool together and establish
Words: 288 - Pages: 2
Corporate Social Responsibility? I. Why the prime responsibility of a company is to its shareholders? “A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself.” (Shareholders, n.d.) Shareholders spend their money for businesses. Managers are employed by company’s owners, they are agents for the equity shareholders therefore
Words: 831 - Pages: 4
