Entrepreneurship Case.. the Foreign Proposal
UNIVERSITY OF BALLARAT
FACULTY OF BUSINESS, ENVIRONMENT & SOCIETY
MASTER
IN
BUSINESS ADMINSTRATION
ENTREPRENEURSHIP
CASE 14.3 – EDGAR’S BUSINESS
SUBMITTED BY : SODHI PRABJOT
STUDENT ID NUMBER : 30106256
LECTURER : DR. WONG WAI NAM
EDGAR’S BUSINESS
What type of arrangement is Edgar using in his business dealings with the firms in Australia, Singapore and Dubai? Be complete with your answers.
Edgar sells its products to different parts of the world through a contractual agreement. Edgar has a strong association in Australia, Singapore and Dubai to sell its products on the market. Partnership means a relationship of two or more entities conducting business for mutual benefits and operates the business together. In partnership type in which multiple individuals, called general partners and are equally liable for its debts (BusinessDictionary, 2013). Other individuals called limited partners these are invest money but not directly involved in the management and are liable only to the extent of their investments. According to Article 4 of the Act defines a partnership between the partner has agreed to share the profits of a business carried on by all or part of them acting for all (GeminiGeek, 2013).
There will be relatively transparent trade agreement in the case of Edgar where both parties benefit them in terms of turnover. The Company is governed by an agreement between the two companies that sell products Edgar. Companies in Australia, Singapore and Dubai act as a distributors to sell the Edgar products in these countries. After reading we assume that the Edgar have one big advantage that he do not want to give any taxes to government except personal tax. This partnership deed will also promote their products are sold by parties other than their partners to arrival. This will
FACULTY OF BUSINESS, ENVIRONMENT & SOCIETY
MASTER
IN
BUSINESS ADMINSTRATION
ENTREPRENEURSHIP
CASE 14.3 – EDGAR’S BUSINESS
SUBMITTED BY : SODHI PRABJOT
STUDENT ID NUMBER : 30106256
LECTURER : DR. WONG WAI NAM
EDGAR’S BUSINESS
What type of arrangement is Edgar using in his business dealings with the firms in Australia, Singapore and Dubai? Be complete with your answers.
Edgar sells its products to different parts of the world through a contractual agreement. Edgar has a strong association in Australia, Singapore and Dubai to sell its products on the market. Partnership means a relationship of two or more entities conducting business for mutual benefits and operates the business together. In partnership type in which multiple individuals, called general partners and are equally liable for its debts (BusinessDictionary, 2013). Other individuals called limited partners these are invest money but not directly involved in the management and are liable only to the extent of their investments. According to Article 4 of the Act defines a partnership between the partner has agreed to share the profits of a business carried on by all or part of them acting for all (GeminiGeek, 2013).
There will be relatively transparent trade agreement in the case of Edgar where both parties benefit them in terms of turnover. The Company is governed by an agreement between the two companies that sell products Edgar. Companies in Australia, Singapore and Dubai act as a distributors to sell the Edgar products in these countries. After reading we assume that the Edgar have one big advantage that he do not want to give any taxes to government except personal tax. This partnership deed will also promote their products are sold by parties other than their partners to arrival. This will