line of business the businessman must decide whether he wants to set up large scale or small scale business. 3. Choice of form of Business organisation :- The next decision must be taken is to finalise the form of business i.e.‚ to set up sole proprietorship.‚ partnership or joint stock company. 4. Location of Business Enterprise :- The entrepreneur has to decide the place where the enterprise will be located. Before taking this decision he must find out availability of raw materials‚ power‚ labour
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INTRODUCTION Muafakat Niaga Enterprise is a sole proprietorship that registered in the year of 2008 to selling fruit around Mata Ayer and around it areas. This business was started in 2008 with the registration name Muafakat Niaga Enterprise owned by Mohd Azhar bin Mat Isa. This business was operated at No. 6‚ Jalan Rambutan 1‚ Taman Selasih‚ Mata Ayer 3‚ 02500 Mata Ayer‚ Perlis and sells a wide variety of fruits such as watermelon‚ pineapple‚ corn‚ pomegranate‚ and rambutan. In the early‚ this
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organisation. First is Sole proprietorship which is also known as sole traders. Sole proprietorship is a business owned by a single owner‚ all the profit of the business will be owned by the owner himself and the owner also is responsible for all the losses incurred by the business. This a simplest form of business entity and is easily setting up and have lower cost. The disadvantage of this organisation is that the financial resources are limited. Example of sole proprietorship is the grocery stores
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Business Registration Act 1956 (ROBA 1956). Business that may be registered under the ROBA 1956 is a business operating in West Malaysia which includes Peninsular Malaysia and the Federal Territory. The types of business are as follows : 1. Sole Proprietorship – a business wholly owned by a single owner 2. Partnership – a business owned by at least two (2) persons and not more than twenty (20) partners. Registration Procedure 1. Business may be registered using personal name or using a trade name
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Be Your Own Boss Virtually everyone at some point in time dreams of being their own boss‚ for many that means owning a business. That however is much easier said than done. There are many steps to starting and owning a business‚ a mistake on any of them can derail‚ postpone or kill that dream. The most important step to starting a business is to develop a viable business plan. A business plan will layout the remaining steps and help ensure fewer mistakes are made. In addition to developing
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Objective of most For-profit firms are reinvested in the form for the long term benefit of these Owners. For-Profit firms have a wide variety of organizations and ownership structures Another form in the For-Profit Healthcare Entities is the Sole Proprietorship which are Unincorporated businesses owned by a single individual. They
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PROBLEMS IN BUSINESS ARISING FROM SOLE PROPRIETORSHIP AND PARTNERSHIP AMONG BUSINESSMEN IN TAGUM CITY ____________________ A Research Paper Presented to the Faculty of the College Department ____________________ In Partial Fulfilment of the Requirements in English 2A ____________________ By: Maghanoy‚ Laira M. Luma-ad‚ Chriselle Mae P. Lumotos‚ Flora Mae D. Chapter 1 THE PROBLEM AND ITS SETTING Background of the Study Sole proprietorship and partnership are forms of business
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Bus-101 Kevin Lentz 06/2013 Chapter 1 Rooftop Restaurant and Lounge will enter into a market with perfect competition. With perfect competition Rooftop Restaurant and Lounge will have an infinite number of consumers with the willingness and ability to buy our products at a certain price. It would also have an infinite amount of producers with the willingness and ability to supply the products at a certain price. Rooftop Restaurant and Lounge is a new fine dining restaurant and lounge
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and allow for greater allocation of resources. An LLC would also limit his personal liability compared to a sole proprietorship as only his personal investments into the organization would be liable/exposed and not any personal assets. One of the most important positives with a LLC is no double taxation as is the case with the corporation organization. Similar to the sole proprietorship‚ the taxes would be at the personal rate. #1(B). Mr. Young can protect his intellectual property by: obtaining
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overall investment for this business reaches 10 lakhs inclusive of equipments required for efficient farming such as Irrigation system‚ recycling system‚ tractor‚ spray equipment‚ scales‚ meters and tools. Management The business operates as a sole proprietorship under the business named of FARM PARADISE. The management team also includes managers‚ plantation experts and
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