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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CHAPTER 21 PARTNERSHIPS TRUE/FALSE 1. Unlike a subchapter C corporation‚ a partnership is subject to only one level of taxation and can often liquidate in a tax-deferred manner. ANS: T A partnership is a flow-through entity subject to only one level of taxation. Liquidation of the partnership is generally tax-deferred. PTS: 1 REF: p. 21-2 | p. 21-3 2. Section 721 provides that no gain or loss is recognized on contribution of property to a partnership in exchange for an interest in
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Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December‚ 1976 and its first trading of shares took place on 9 March‚ 1994. Later on 5 May‚ 1992‚ ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995. Advanced Chemical Industries (ACI) Limited is one of the
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JHON LEWIS PARTNERSHIP TABLE 1: Value Chain Administration & Infrastructure | 1. Innovative management for safety & occupational health for both partners & customers(12) 2. Constitution system that Set out for principles & governance system & rules(12) 3. Good internal control & risk management(12) | Inbound Logistics | * Relaunch of gusset(14) | | | Operations | * Johnlewis retailer of the year(11) * Produce less waste‚ conservewater‚greener
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Introduction to Financial Management (Chapters 1‚ 2‚ 3‚ 4) Part 4 Capital Structure and Dividend Policy (Chapters 15‚ 16) Part 2 Valuation of Financial Assets (Chapters 5‚ 6‚ 7‚ 8‚ 9‚ 10) Part 5 Liquidity Management and Special Topics in Finance (Chapters 17‚ 18‚ 19‚ 20) Part 3 Capital Budgeting (Chapters 11‚ 12‚ 13‚ 14) C H A P T E R 1 Part 1 Getting Started Principles of Finance Chapter Outline 1.1 Finance: An Overview (pgs. 4–5) 1.2 Three Types
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ARTICLES OF PARTNERSHIP of ZY CREATIVE IDEAS‚ LTD.KNOW ALL MEN BY THESE PRESENTS: That we‚ the undersigned‚ all of legal age and residents of the Republic of thePhilippines have agreed to amend a limited partnership under the terms and conditionsherein set forth and subject to the provisions of existing laws of the Republic of thePhilippines. AND WE HEREBY CERTIFY:ARTICLE I. That the name of the partnership shall be:ZY Creative Ideas‚ Ltd. ARTICLE II. That the principal office of the Partnership
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* A sole proprietorship can be easily transferred or sold if and when the owner desires to do so; no other approval (such as from partners or shareholders) is necessary. Disadvantages: * The sole proprietor’s access to the capital is limited to personal funds plus any loans he or she can obtain * The sole proprietor is legally responsible for the business’s contracts and the torts he or she or any of his or her employees commit in the course of employment. Creating a sole proprietorship
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Aggregate vs. Entity Approach 1. Aggregate approach: the partnership as a separate entity is disregarded and each partner is viewed as directly owning an undivided interest in the partnership’s assets operations. If the tax law used only aggregate concepts‚ the partnerships and their partners would be treated: - Each partner would be taxed on share of partnership income and would be viewed as owning a direct interest in each partnership asset. - Contributions and distributions would be viewed
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is a limited partnership with $100‚000 in declared but unpaid profits. International Exports L. P.’s creditors include Friendly Credit Corporation who has an interest in the partnership of $5‚000 and Gwen‚ who is also a limited partner‚ has an interest in the partnership of $5‚000. Harry‚ one of the general partners of International Exports‚ L.P. has decided to retire. The other general partners‚ without asking the limited partners opinion‚ vote to liquidate and dissolve the firm. The limited partners
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business types due to his lack of financing‚ business skills‚ and family. The three types of business he would have to research are sole proprietorship‚ partnerships‚ and corporations. Each type of business has advantages and disadvantages depending on the specific needs of the business owner(s). The inventor should consider the limited partnership business type as this would‚ provide resolution to his need for experience‚ financing‚ family time‚ and marketing. Legal Forms of Business A stay-at-home
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