Firstly, one of the main advantages of a Private Limited Company over a sole trader is that, members may enjoy the availability of Limited Liability, hence the business is incorporated (i.e. the business has a separate identity from the owner).Therefore, liability for payment of debts stops at the C
Advantages of a Public Limited Company (Plc)
Tesco is a public limited company (plc). A lot of big companies go
public. This is because unlike a private limited, a plc is able to
advertise the sale of shares and sell them to members of the general
public though the stock exchange.
There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows:
Sole proprietorship is a business owned one person, who has full control of the business and how it is run. They also own all the assets of the business and any profit that it makes. In the same vein, they are also responsible for all the debts and liabilities the
Outline the various available forms of business structure and outline their respective advantages and disadvantages.
There are a number of possible business structures and which is the most appropriate will depend on the individual circumstances of the business concerned.
A sole trader...
Types of company
It is important to distinguish between public and private sector organisations, as they will have very different characteristics and objectives.
The Public Sector
These organisations are financed by the state and they do not operate in order to make a profit but to provide a p
Management Company structure
Massachusetts Institute of Technology (MIT) team was asked to explain what happened to industrial performance of the United States during the past 20 years and to suggest what could be done to improve the situation. This team studied the problem and concluded:
Many people don’t know what business law is and so hopefully this essay will help clear that up and increase the knowledge about one exact topic in business law which is partnerships ,business law in general encompasses the law governing contracts, sales, commercial paper, agency and employment
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Introduction to Company Law
By the end of this topic, you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal pe
1.Introduction: Business concerns are established with the objective of making profits. They can be established either by one person or by a group of persons in the private sector by the government or other public bodies in the public sector. A business started by only one person is cal
This is a report that shows a comparison between both Partnership and Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business.
For this particular project, our group
Generally by the word “Bank” we can easily understand that the financial institution deals with money. But there are different types of banks like; Central Banks, Commercial Banks, Savings Banks, Investment Banks, Industrial
In common usage, ‘Company’ means an association of persons associated for some common purpose. The common object may be business, charity, research etc. The persons are united for achieving a common objective, normally, for earning profits, which are shared by the investors.
SOLE TRADERS: a sole trader is that business which is owned and directed by an individual. It may consist of one or many employees. Sole traders don’t possess a distinct official existence from their owners.
ADVANTAGES OF SOLE TRADERS:
* Economical and easy to set up a new firm. Not much cap
Advantages of a sole trader
Control - Sole traders maintain full control of their business. Running it how they please without the interference of others.
Profit retention – Sole traders retain all the profits of their business.
Private data – Information about sole traders is kept...