convert his business entity from Sole proprietorship to a Private limited company. I have informed him the advantages and disadvantages of a private limited company. Can you also do the same? Inspite of knowing the disadvantages‚ He still insist for help and guidance in forming a private limited. | | | Firstly Mr. Rajkumar must understand that a limited company is a type of company which when set-up allows an entrepreneur to keep their own assets and finances separate from the business itself
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walk into a whole Foods Store‚ you’re overwhelmed by a desire to look at everything you see” * We take the best ideas from each of our stores and try to incorporate them in all our other stores. We are constantly making our stores better * Company is actively doing its role in Community Citizenship and social activism. Staging Differentiators Economic logic Vehicles Arenas Quick expansion Whole Foods’ management expected to have a total of 400 stores and sales of $12 billion in
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Having good and/or adequate financial means during retirement becomes an important factor to all employees at some point in their working career. The United States government currently offers Social Security Benefits to retirement age citizens to supplement their retirement income. However‚ Social Security Benefits are not guaranteed to be available for people who become of retirement age in the upcoming years. This is one of the many reasons to consider alternative savings plans to fund retirement
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ADVANTAGES OF HAVING A LOT OF MONEY. What is the initial idea that comes to your mind when you hear the word money? For me it has always been pride‚ fame and power. In the modern days‚ money plays a very important role in life and everyone is working hard to earn it. Nowadays people are even willing to sacrifice their age and happiness for money as they are so desperate to become rich. There are many advantages in having a lot of money. First and foremost‚ by having a lot of money‚ we can spare
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INTRODUCTION In the Empire Company Limited Case‚ James Vaux‚ the associate director at Scotia Capital is the main decision maker. It is his job in September of 1998 to decide on a price at which The Oshawa Group Limited will sell their company/accept a takeover offer at. The Oshawa Group Limited (Oshawa) is a food retail‚ wholesale‚ and distribution firm. The Empire Company wants to expand beyond their Atlantic Canada roots; however‚ there are a few catches. The Wolfe family owns 100% of the
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Name: Tran Tuan Vu Research and Study Skills THE ADVANTAGES AND DISADVANTAGES OF HAVING PETS. With the development of society‚ people have more demanding. So that‚ most people discuss the importance of staying healthy and living longer by diet‚ work‚ and exercise. But they do not know besides work‚ they need to keep their spirit in optimism and love life. In the modern life‚ pets become popular with many households. Since‚ pets are loyal friends. They also support a lot of things for people life
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“private company GAAP.” Summarize the interaction between this group and FASB in addition to arguments for and against the new group | The Financial Accounting Foundation (FAF)‚ in May of 2012‚ has established The Private Company Council (PCC) to serve as the primary advisory body to the Financial Accounting Standards Board (FASB) for private company matters. Using the U.S. Generally Accepted Accounting Principles (U.S. GAAP) as a guide‚ the PCC will recommend modifications to FASB to create
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The Private Company Council This paper will discuss the recently formed Private Company Council‚ its role in the accounting profession‚ pros and cons associated with it‚ and my personal opinion on the council. Background In the spring of 2012‚ the Financial Accounting Foundation (FAF) voted to establish a new council‚ the Private Company Council (PCC)‚ which will serve two purposes: to identify and vote on proposed modifications and exceptions to U.S. GAAP for private companies as well
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1. Sole trader businesses are the easiest to set up because there is no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the
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Scenario 1: LO1 (P1.1): There are mainly four types of organisations. Private sector organisations‚ Public sector Organisations‚ voluntary organisations and cooperatives. Private Sector: In the private sector‚ businesses operate in order to maximize the profits. They raise finance by issuing shares‚ borrowing loans from banks etc. They are owned and controlled by private parties. For example Bank of Maldives‚ Amin Construction pvt ltd‚ Haza Construction pvt ltd. Their main aim is to maximize the
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