Preview

Management Complements and Supporting Professional Firms

Satisfactory Essays
Open Document
Open Document
340 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Management Complements and Supporting Professional Firms
Chapter 2
Management, Proponents, Personal and Organization
Management Complements and Supporting Professional Firms
Security and Exchange Commission (SEC) for the registration of the partnership.The Department of Trade and Industry (DTI) for the registration of the product, business name, trademark, trade name, business logo and product logo. Then the Department of Science and Technology (DOST) for product testing, laboratory experimentation and some other test And the Bureau of Food And Drugs (BFAD) for the approval that are product is safe and ready for consumption. For skin testing the dermatologist concern for product testing and laboratory testing. Proponent
Name Nationality Residences
Velasquez, Nicholson P. Filipino Taytay, Rizal
Mirabite, Glen P. Filipino Taytay, Rizal
Agarin, Jeffry G. Filipino Taytay, Rizal
Cequeña, Glenda A. Filipino Cardona, Rizal

Personnel / Workforce
Table 1
Personnel during the Pre – operating Period Personnel | Duties & Responsibility | Number | Proponents | Conceptualizing the idea, Gathering data, and Cooperation | 4 |

During the operating period
Table 2
Personnel during the Operating Period Position | Number | Proposed Compensation / Salary | Job Description | Job Specification | Sales Personnel | 1 | Minimum rate | Selling | * At least High School Graduate * With excellent communication skills | Skin Expert | 1 | Minimum rate | Skin expert | At least 4th year college degree | Manufacturer | 2 | Minimum rate | Manufacture | * Good experience in manufacturing * Ability to operate machines |

Organization of the Operating Period
Type of business organization
Limited Partnership, we the proponents decided to create this type of organization to help each other, to make better ideas and also to make this project successful. Organization System and Structure
Proponents

Manufacturer
Sales Personnel
Skin Expert

Project Implementation and Time Table

You May Also Find These Documents Helpful

  • Satisfactory Essays

    GENERAL PARTNERSHIP: Two or more components/people come together to share a business. Each partner shares responsibility for P&L.…

    • 1025 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    FIN 515 Assignment 1

    • 1178 Words
    • 5 Pages

    A "partnership" is a legal entity that gives the same assessment preferences as "S corporation" - the partnership does not pay any salary charge. Partnerships come in 2 essential structures: A "general partnership" is a manifestation of business where each one accomplice is subject for the other accomplice's exercises identifying with the business. This is clearly not a decent alternative, since limited liability is one of the primary focal points of structuring a business entity. A "limited partnership" is the place the accomplices have "limited liability" like a corporation.…

    • 1178 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Partnership means that, a group of skilled professionals can fuse their talents and expertise together to form one successful company. Only these professionals are the owners and stockholders for the company. Each professional will than be a partner of that particular company and receive a percentage which is based on how much money the partner invests into the company, the significance and importance of the partners skill and experience, and so on.…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    HCS 567 Week 3

    • 721 Words
    • 3 Pages

    For business with two or more owners the decision may be to utilize a general or a limited partnership. The general partnership is not dependent on one person for its successes in fact all the partners have a say in how the business runs and functions as per the partnership agreement (Barringer & Ireland, 2010). This type of organization is similar to the sole proprietorship in that the income is noted on the partners’ personal tax returns as the venture files and an informational tax return only (Barringer & Ireland, 2010). The venture also has limited liquidity. Limited partnership is a modified general partnership with the modification being the addition of two different class of partners, general and limited. This venture is used when attempting to…

    • 721 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Fin515 Week 1 Homework

    • 1441 Words
    • 6 Pages

    Companies are fall into one of three categories; a proprietorship or sole proprietorship is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. In contrast, a corporation is a legal entity created by a state. In our current economic system corporation share some of the same benefits as individuals; although Sarbanes Oxley law has made some significant changes, corporations are still viewed as separate and distinct from its owners and managers. In a limited partnership, limited partners’ liabilities, investment returns and control are limited, while general partners have unlimited liability company (LLC), combines the limited liability advantage of a corporation with tax advantage of a corporation with tax advantages of a partnership. A professional corporation (PC), known is some states as a professional association (PA), has most of the benefits of incorporation but the participants are not relieved of professional (malpractice) liability.…

    • 1441 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Chapter Six

    • 1050 Words
    • 3 Pages

    4. A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs).…

    • 1050 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Task 310-1.2-01-06

    • 1304 Words
    • 6 Pages

    A partnership is an agreement between friends or investors to open or assemble a business. The individuals within the partnership agree by signing the agreement that is registered to continue to supply capital, knowledge and skills as well as share in the profits of the company. Partnerships require more than one sole owner. By having multiple owners this will allow the organization or business to attain investor for support of the business and or individuals who are deemed as qualified.…

    • 1304 Words
    • 6 Pages
    Good Essays
  • Good Essays

    This position will require a person to diagnose hardware, software, printing, and network connectivity issues including the LAN/WAN, VPN, and Windows XP environment. Some of this will be done over the phone, because they will be supporting the new Nashville office as well as our Memphis office. Some other responsibilities will be to set up computers and passwords for new employees. This is not a 24x7 environment, but at times there may be a need to be on call. The qualifications for this position are:…

    • 812 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Lit1

    • 493 Words
    • 2 Pages

    Profit. You are concerned about how profit will be shared if you take on partners, and how you will be taxed on the profit of the organization.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    * Health and life issuance is provided by the company at a cost of $950 per year per employee.…

    • 712 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Tanglewood’s recruiting methods are different and diverse in each of their regions, and by assessing these methods there are chances of improving and additionally uniting the operations of this company. Some improvements come from creating ztarget demographics, some come from looking into the methods of recruitment, and some come by addressing issues brought forth by those already with the company. By evaluating Tanglewood’s recruiting methods and creating a guide for it to adhere by, this company can develop a recruiting service that matches their unique company culture.…

    • 2236 Words
    • 9 Pages
    Best Essays
  • Satisfactory Essays

    Unit 505

    • 657 Words
    • 2 Pages

    A partnership is an arrangement between two or more groups, organizations or individuals to work together to achieve common aims. Effective partnership working must have some sort of personal stake in the partnership. All partners should work towards the same goal. The partners should have similar system of beliefs and work together over a reasonable period of time. Partners should understand the value of what each of them can contribute to the set aim. Both should respect and trust each other. Partnership working also shares creativity, and responsibility. Working together can highlight different issues, problem and solutions and there is more potential for productivity or effectiveness. All partners must always tell each other what is planned and consult everything together before making any decisions .They must act together as everyone working towards the same outcome.…

    • 657 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    In a C-Corporation, the business is its own legal entity and assumes the liability for all debts and the individual shareholder’s assets are protected. This type of organization would protect you from your employee accident concerns as well as protect your personal assets from loss or debt incurred by the business.…

    • 2775 Words
    • 12 Pages
    Good Essays
  • Powerful Essays

    A partnership is a business structure where 2 or more individuals come together in order to conduct business. There are three types of partnerships, general partnerships, limited partnerships, and undeclared partnerships The partnership is constituted by a partnership agreement, where all the framework such as the contributions, share in profits, intentions, etc. are determined. In a partnership each partner is considered to be an equal co-owner of the entity, unless the partnership agreement states otherwise. Each parter pays share of taxes due in accordance to the value of their ownership, and, in case of failure, equally shares in all of the liabilities of the partnership. Thus, in a partnership, liabilities are shared but not limited. The benefit of partnerships is that general partners are only taxed once. The partnership itself pays no taxes.…

    • 1693 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Cyp 3.3 4.2

    • 1843 Words
    • 8 Pages

    The partners in a partnership may be individuals, businesses, organisations, schools, governments or combinations. (Wikipedia.)…

    • 1843 Words
    • 8 Pages
    Good Essays