Business Essay Topic: Forms of Business Organizations It is important that the business owner seriously considers the different forms of business organization — types such as sole proprietorship‚ partnership‚ and corporation. Which organizational form is most appropriate can be influenced by tax issues‚ legal issues‚ financial concerns‚ and personal concerns. This essay explains the general impression of business organizations. A Sole Proprietorship‚ also known as the sole trader or simply
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Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
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four different forms of business organization. It is a review of the advantages and disadvantages of each form‚ including the tax‚ legal‚ and‚ accounting implications that surround them. The different type of financial statements associated with each form of business organization is also discussed. In this paper‚ based upon the synopsis that the government has released funds for creating small businesses‚ a form of business is chosen by the class member in explaining his business idea. It then
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and the school as a whole. I really hate school but I need more money. Identify potential tort risks that arise in the business context Many organizations contend with tort liability and management in the day-to-day business. The proper management and protective measures to minimize the organizations spotlight tort liability has become a key to efficient operating a business. Employers usually speak to attorneys when dealing with certain issues. The textbook revealed that the three categories of
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Faculty of Business and Environmental Studies T1/13 Coursework Assignment Diploma in Engineering Business Management Module: 102KM Business Organization Assignment Title: Types of Business Organizations Date & Time of Submission : Week 10 (22:00) Assignment Weighting : 50% Word Limit : 3000 words Description of Assignment This is an individual assignment and carries 50% of the module weightage. A business can have a number of different types of
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There are four different forms of a business organization. They are a joint-stock company‚ limited liability company‚ partnership‚ and sole proprietorship. These forms of a business organization were started to help business owners with valuable support to make them profitable and successful. The first form of a business organization is a joint-stock company. Joint-stock companies are comprised of entrepreneurs that will raise the company’s wealth by selling stock shares to investors. There are
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MGT 1 - Business Organization & Management Social Responsibility and Managerial Ethics Learning objectives: Contrast the classical and socioeconomic views of social responsibility. Discuss the role that stakeholders play in the four stages of social responsibility. Differentiate between social obligation‚ social responsiveness‚ and social responsibility. Explain what research studies have shown about the relationship between an organization’s social involvement and its economic performance
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Business Case Scenario: State Street Bank - Investment Bank (Custodian Bank) and the Use of IT services History: State Street Corporation‚ known as State Street‚ is a US-based international financial services holding company. State Street was founded in 1792 and is the second oldest financial institution in the United States. The company’s headquarters are at One Lincoln Street in Boston and it has offices in 25 countries State Street is organized into three main divisions. The Global Services
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Business Organization MD BUS/210 August 19‚ 2012 Colette Franklin Business Organization I have a one of a kind product that I want to put out into the global market but I do not have the money it takes to put this product to the level it needs to be. I could be the sole proprietorship‚ where I have a nonincorporated business entirely owned by one person but I may need investors to perform this task. The profits I have acquired have exceeded expectations and I am currently on back order most
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bus * * Checkpoint: Business Organization * Robert Surls In 2005 my aunt left me an inheritance. It was a large sum of money. There was a stipulation to receiving this gift. I needed to invest in a company of my choice. My last employer was a cleaning company and I approached my old employer with a proposition. I and another business partner that I convinced in investing with me would organize a joint-stock company. This was to be a private partnership‚ as well as a limited partnership
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