Introduction I have chosen marks and spencer or most commonly known as M&S and the Westlands School to do my assignment. Mark and spencer’s (M&S) company which is gone from a sole trader to a public limited company which is now one of the largest supermarkets across UK and Europe. The Westlands School is a secondary school for girls and boys‚ which the government control. History of mark and spencer’s - mark and spencer’s started with Michael marks who was Poland Jew‚ he came to England
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debating whether to start a S corporation or a C corporation due to potential environmental factors associated with his business. He wants to maintain a limited liability and wants to avoid double taxation by paying himself a salary equal to his companies before tax earnings. He also would like to issue preferred stock to his son in the future to keep his interests in the business. He was advised by his friend to choose a C Corporation to maintain maximum flexibility in the business. Issue and Conclusion
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is the basis of public confidence in the corporate system‚ and funds will flow to the centers of economic activity that inspires trust. My exposure to two corporate cultures‚ seven years with Andhra Steel Corporation Limited‚ a public limited company and 20 years with Manipal Hospital‚ corporate hospital managed by Manipal Health Enterprise Private Limited‚ had given me glimpse in corporations functioning. For five years I worked as officer taking care of
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called Castrip. The process drastically reduce capital outlays for equipment and produced saving on operating expenses. Castrip process also was cutting greenhouse gas emission by up to 80%. Employ incentive compensation: ‘pay for performance’ company with an incentive compensation system that rewarded goal-oriented individuals and did not put a maximum on what they could earn. Four basic compensation plans: Production Incentive Plan‚ Department Manager Incentive Plan‚ Professional and Clerical
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A. Business entity Research shows that Mr. Jones is better off forming an S-corporation opposed to a partnership. 26 U.S. Code 1361 states that an S-corporation is a company that operates domestically within the United States as well as the state in which the Articles of Incorporation are filed. It is more beneficial to be a domestic corporation because home states offer opportunities to reinstate active status to corporations who lapse in registration and taxes. If Mr. Jones fails to pay his annual
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situation was different. Since both companies rarely compromised‚ partnership discussions were arduous. At one low point‚ both sides refused to give in on a particular issue‚ and one team coldly got up and left. Second‚ one major hurdle was integrating the partners’ customer databases. Each firm’s customer list was a significant corporate asset‚ and neither was willing to openly give the other partner access. Third‚ frequent disputes centered on issues such as which company name customer service representatives
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still maintaining my current business structure would be to expand my family. 6. As of now‚ I wouldn’t seek to sell shares of stock because I like to keep it a privately owned company. As I said before‚ I like to keep the business in the family‚ which includes ownership. 7. The greatest challenge in starting my company was getting the attention it needed to have a successful kickstart. I managed to do this very well by requesting assistance from my previous business partners who are experts on
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was that I’m able to save money in resources‚ taxes relief’s‚ and cheaper labor while exposing my product to an international market. Harley recognized that “German motorcyclist rode at high speeds-often more than 100 mph.” Pc-10. As a result the company began studying ways to cater to the German needs and provide more protection. The disadvantage would be the locally the community would loose certain jobs and the country more tax revenue. B.) The advantage for Joint Ventures that by
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• LIABILITIES – If the business incurs debt that can not be covered by the profit of the business the owner will be personally liable. You can be sued to satisfy the debt of the company and your personal property can be seized to satisfy company debts. • INCOME TAXES – Forming a Sole Proprietorship allows the owner to avoid the high tax rate that corporations pay due to it not being separate from the individual. • LONGEVITY/CONTINUITY – The business is the same as the owner so the business will
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JOINT VENTURES Joint ventures are business ventures formed by two or more companies to achieve aspecific‚ but limited‚ objective. An example would be the development of an offshore oil field‚ where a group of companies combines to build and operate a drilling platform and related pipeline. The project is owned equally by the affiliated enterprises and its management could be controlled either by one of the partners or by a separate management could be controlled either by one of the partners or
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