different types of small business different types of small business Legal Status The simplest legal forms for small businesses are sole proprietorships and partnerships. Neither is required to be registered with the state and taxes are managed on the owner’s or partners’ personal tax forms. These forms are best when there is little capital property or likelihood of being sued. A corporation is the opposite end of the spectrum‚ requiring registration with state and local authorities‚ separate
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Small Business affected by Financial Crisis The purpose of this research study is to review how small businesses are affected by economic crisis‚ to assess the effects of marketing strategies on business performance and to identify strategies that can help small businesses grow in troubled times. The following 5 literature reviews attempt to demonstrate and support the hypothesis. In a research article by Jeffries (2011) stated how there are four ways to bounce back after a recession. The four
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pretty surprising that the small businesses are treated differently than large firms. Initially I thought that both were scrutinized under the same laws but after reviewing the U.S. Equal Employment Opportunity Commission website as well at the U.S Small Business Administration site there are definitive acts that are different. Some of the areas that seem to be different are the workplace safety‚ corporate governance‚ business organization and health insurance. The small business Administration has
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Partnership and Its Types Sir Saleem Abbas 10/10/2012 Islamia university of bahawalpur Partnership A partnership arises whenever two or more people co-own a business‚ and share in the profits and losses of the business. Each person contributes something to the business -- such as ideas‚ money‚ or property -- though management rights and personal liability will vary. In Pakistan the partnership firms are registered under
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in trade barriers and advances in information and transportation technologies. As a result‚ small firms can now participate in international trade right from inception. Another facet of globalization is globalization of production. Companies can locate production facilities in countries where labor and other production inputs are cheaper. The end result is that globalization presents new threats for small companies in Africa in the form of increased competition from foreign entrants. Locally manufactured
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Business Scenario As discussed there are three different types of businesses‚ sole proprietor‚ partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running‚ and have the legal knowledge to keep yourself and organization covered. Lastly‚ if you have the knowledge and product
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RESEARCH STUDY ON PREVALANCE OF DIABETES MELLITUS IN WOMEN OF REPRODUCTIVE AGE BETWEEN 15-44 IN FEMALE WARD IN COST PROVINCIAL GENERAL HOSPITAL‚ MOMBASA DISTRICT KENYA NAME OF STUDENTS; SHARIFFA S. ABDULLAHI INDEX NO. 66167K A DISSERTATION SUBMITTED TO THE K.M.T.C. MOMBASA CAMPUS IN PARTIAL FULFILLMENT FOR THE AWARD OF A DIPLOMA IN KENYA REGISTERED COMMUNITY HEALTH NURSING MARCH 2010 CLASS. KENYA MEDICAL TRAINING COLLEGE MOMBASA CAMPUS P.O. BOX 87946-80100 MOMBASA E-MAIL: kmtc@mtcmsa
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Most of the Filipinos are business-minded. Small or big‚ it doesn’t matter. Their main purpose o to earn profit and make a living. There are three (3) legal forms or business organizations; sole proprietorship‚ partnership and corporation. Among all these‚ what is abundant hare in our country are sole proprietors which are almost eighty percent. Sole proprietorship is a business owned by one person who operates it for his/her own profit. The majority types are found in the while-sale‚ service‚ construction
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role of small scale business in developing countries has long been recognized (Kayanula and Quartey‚ 2000). These small scale businesses can serve as engines through which the economic growth and employment objectives of developing countries can be achieved. However‚ for many years these rural enterprises have failed to grow beyond their micro enterprise nature and sometimes at best their small or medium size (Kayanula and Quartey‚ 2000). It is believed that private small scale businesses have significant
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Challenges of small businesses Growth in the small and medium business in Canada and other developed countries has been very significant. This sector of the business community now represents about 40 percent of GDP and accounts more than half of total employment. Today small businesses are more diverse and more vigorous than ever‚ but they also faces newer and more challenges or inhibitors to their growth than their older conter parts. This research will attempt to find the answer to the following
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