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 legal relationship between partners e.g. how profits will be shared out
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only left parents dead‚ but also living helpless infant/ Children. bcdf is currently implementing child protection‚ care and support for people living with HIV/AIDS‚ HIV/AIDS prevention among children and young people‚ HIV/AIDS mainstreaming at work place and sustainable livelihood in Munkunyu and Nyakiyumbu Sub County. However‚ sustainable livelihood‚ home based care‚ support groups’ activities are not currently running since we have not yet been able to identify and partner with main funders for
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Forms of Business Organisation (Indian Context) Sourav Sinha Forms of Business Organisation : While establishing a business the most important task is to select a proper form of organisation. This is because the conduct of business‚ its control‚ acquisition of capital‚ extent of risk‚ distribution of profit‚ legal formalities‚ etc. all depend on the form of organisation. The most important forms of business organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership
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E-BUSINESS ORGANISATION: PETRONAS Value Chain: Support Activities Firm Infrastructure: -PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies‚ PETRONAS‚ a fortune global 500’s largest corporation in the world. -Fortune ranks PETRONAS as the 75th largest company in the world and the most profitable in Asia. HR Management: -PETRONAS provide industrial training programme for undergraduates
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Understand the Business of Retail Outcome 1 A. List the different retail channels and state the main features of each one. Retail Channel | Benefits/Features | Shops | * Lots of choice * Discounts * Sales | Internet | * Free delivery * Quicker * Buy from home * 24 hour delivery * Sales * Register for offers | Warehouse | * Professional products * VAT free days | Catalogues | * Pay weekly or monthly * Order from your home | Salon | * Professional
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A study of the organization’s objectives helps to understand how it is likely to respond to changes in its environment. It is often assumed that business organizations will always try to maximize their profits through a combination of maximizing revenue and minimizing costs. The profit maximization objectives must be qualified by a time dimension. A firm that pursuing a short-term profit-maximizing objective may act very differently to one that seeks to maximize long term profit. This may be reflected
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CT263 Understand the context of supporting individuals with Learning Disabilities 1.1 People with learning disabilities are more vulnerable than other people; they are affected by certain laws. There isn’t one law or Act which covers their situation‚ but they may be affected by laws concerning: * Education * Voting rights * Ownership of property * Guardianship * Control of finances * Consent to sex In the United Kingdom‚ specific legislation that affects people with learning
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Section 1 – Understand how to support the organisation of a business event 1. When organising a business event‚ describe the range of support activities that may be required. First of all event should be carefully planned –what is the subject of event and how big the event is going to be; who is it for (what sort of people‚ what subjects included); when to held an event; amount of people to participate in the event‚ approximate budget. A very important part is to choose the right people who
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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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The Internal Organisation of Business Marks and Spencers Marks and Spencers is the first business I am going to write about in terms or organisational structure and strategic plans. Marks and Spencer is one of the best known high street retailers in the UK. It has over 450 stores and employs over 65‚000 people. It also operates overseas. An organisational structure is the way the business is run‚ the way the workers are arranged in the business. They are in a hierarchy that is structured in layers
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