Types of Business Ownership - 1074 Words

1. Sole Proprietorship Single proprietorship is the simplest form of organization in most of the countries in the world. Unlike other forms of entity, it is usually not governed by special laws. A proprietorship is a type of business entity which legally has no separate existence from its owner. Hence, the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. The single proprietor has unlimited liability since creditors of his business may proceed not only against the assets and properties of his business but also after his own personal assets and properties. A sole proprietorship essentially refers to a natural person or†¦show more content†¦Joint ventures are created in the essence of serving their purposes. They can be composed of a corporation, partnership or an individual. 5 Main Forms of Business Ownership Sole Proprietorship- A sole proprietorship is owned by only one person. This is the most common form of business ownership. General Partnership- A business owned by two or more people. The partners share ownership and control of the business. Limited Partnership- A limited partnership consists of at least one general partner (controls the business) and at least one limited partner(investor). Forming a Corporation- A corporation is a business which is considered a separate entity from you; even having the legal rights of a person. There are two types of corporations; C Corporations and S Corporations. Limited Liability Company- The new â€Å"It† thing in the world of entrepreneurship. It’s popularity has been steadily growing in the past years. What attracts entrepreneurs to this business structure is that it provides the limited liability provided by corporations with out all the restrictions and taxes. Business activities may be divided into three kinds: 1. Industry 2. Commerce 3. Services This classification is based on the nature of principal activity performed by the business enterprise. 1. Industries involve the conversion of raw materials into finished products or goods and the application of labor upon raw materials so that greater usefulness becomesShow MoreRelatedTypes Of Business Ownership And Ownership Essay1327 Words   |  6 Pages Types of Business Ownership Name Institutional Affiliation â€Æ' Business Ownership Introduction Business ownership refers to having control over a business enterprise and exercising this power by dictating its operations, functioning, and management. Ownership can be acquired either through franchising or purchasing an existing business. There are three types of business ownership, namely sole proprietorship, corporation, and partnership. A single entrepreneur can own several businesses underRead MoreTypes of Business Ownership1072 Words   |  5 PagesThe sole proprietorship is the simplest form of business organization. A sole proprietorship is a business that is owned by an individual who is solely responsible for all aspects of the business. The owner is personally responsible for all debts of the business, even in excess of the amount invested. The business and its owner are thus considered the same entity. The advantages of a sole proprietorship include: a. Low start up costs, as legal and filing fees are at a minimum. However, manyRead MoreBusiness Types of Ownership993 Words   |  4 PagesBusiness Types of Ownership Before starting any venture it is very important to figure out how the organization is going to build its chain of command. Basically no business is made for short time and for this reason a very careful measurement should be done on ownership. Choosing the appropriate ownership in an organisation depends on nature of business, type of authority, delegation of work, span of organization, type of product, production and operation, legal procedure, financial matters andRead MoreTypes of Business Organisation and Ownership1626 Words   |  7 PagesType of business, purpose and ownership (P1) To run a business smoothly or effectively all business have aims or purpose, this could be survivor, to grow, to become a market leader. A business also aims to provide exception service or to create a reputation as the best on market. Types of business To understand how business works and what they set out to achieve, it’s necessary to have an understanding of the main types of business sectors which exists within a business organisation. There areRead MoreDifferent Types Of Business Ownership1277 Words   |  6 PagesTypes of Business Ownership: Everything You Need to Know Before you can determine how you want to structure your business, you#39;ll need to know what your options are. The below are your choices when it comes to running your business: sole proprietorship, partnership, limited partnership, limited liability company (LLC), corporation (for-profit), nonprofit corporation, and cooperative. It is important that you choose the right structure for your business as the type of structure you choose willRead MoreComparing Types Of Business Ownership1331 Words   |  6 Pages Comparing Types of Businesses Name: Sabrina Bhinder Date: September 10th, 2014 In the space below, explain each of the following terms and provide an example. Forms of business ownership (5K marks) 1. Sole proprietorship †¢ A business that is just owned by only one person, who receives all the profit for everything. Example of a sole proprietorship can be a hairdresser that buys a chair for their business and can get customers directly for them. 2. Partnership †¢ WhenRead MoreThe Types of Business Ownership Essay examples840 Words   |  4 PagesThe Types of Business Ownership This report is about the advantages and disadvantages of different types of business ownerships. Introduction I am going to write about the advantages and disadvantages of different business ownerships including: * Sole Trader * Partnership * Franchise I will include the definitions of some of the business ownerships. Main Body SOLE TRADER Sole trader, as the name suggests, is where anRead MoreInvestigation of the Types of Business Ownership Essay801 Words   |  4 PagesInvestigation of the Types of Business Ownership JCC Limited is a private limited company. Other forms of business ownership include: The sole trader. This is the most common form of private sector business. This type of business has one owner who runs the business and may employ any number of people to help. Advantages of being a sole trader include the lack of legal restrictions, the sole trader is able to set up their business relatively quickly. Also all profits Read MoreTypes Of Business, Purpose And Ownership Of Two Contrasting Business2226 Words   |  9 PagesP1:Describe the type of business, purpose and ownership of two contrasting business Coca cola Coca Cola is a soft fizzy drink sold in every store throughout the world. It is produced by The Coca Cola Company of Atlanta in Georgia, and is often called as Coke. Purpose:- The purpose of coca cola is to design develop and advertise soft drinks the customers can enjoy, and also make profit from selling of soft drinks. Ownership:-The history of coca cola begin In 1892, Candler set out toRead MoreTypes Of Business, Purpose And Ownership Of Two Contrasting Businesses Essay1227 Words   |  5 PagesTASK-1 Describe the type of business, purpose and ownership of two contrasting businesses. (P1). 1. A brief introduction to the two local businesses? For profit business kokuyo camlin limited (Kokuyo camlin limited) Source: https://www.google.co.in/search?q=kokuyo+camlin+logo Introduction: kokuyo camlin ltd formerly known as camlin ltd is an Indian stationery company based in Mumbai india kokuyo japan holds around 51% stake in kokuyo camlin camlin manufactures art materials market

The American Economy in the 1920’s Was a Bubble Destined to Burst Free Essays

â€Å"The Economy of 1920’s America was a bubble destined to burst† The statement that the economy of 1920’s American was a bubble destined to burst is thoroughly correct. The uprising issues of Protectionism, weak industries, weak banks, overproduction of goods and an uneven distribution of wealth meant that America was in a vicious spending spree that could only be broken by the 1929 Wall Street Crash. When one thinks of an economic depression, one first considers the banks and how they were linked to the said crash. We will write a custom essay sample on The American Economy in the 1920’s Was a Bubble Destined to Burst or any similar topic only for you Order Now The banks in the case of the Depression were closely related to the Wall Street Crash. In the 1920’s banks weren’t the large networks that they are today, so when they went bankrupt, there was nothing to fall back on. Banks had also loaned out far too much money keep a stable economic flow. Many Americans also decided to join in on the share market game in hopes of living out the American Dream in a â€Å"get rich quick† manner and were borrowing huge amounts of money to invest, often in an uneducated manner. As this was continuing, banks were making it possible to borrow huge sums of money and the government, still stuck in its belief of Laisseize Fare- that is, that the government would simply let the economy sort itself out without any government intervention. With this flimsy and unstable system of banking- there was bound to be a huge economic impact such as the crash. After the atrocities of World War 1, America decided it’s safest way to keep out of global issues and wars was to focus on being a self-serving country run on the idea of Protectionism. The key act of Protectionism was that tariffs were placed on imported goods, thus making American products much more appealing to its citizens. This also created a huge economic flowing acting almost exclusively nationally. However the notion of Protectionism became detrimental to America as 23 countries soon placed tariffs on American exports that were already seen as luxuries by other countries. It could be said that most other long term causes of the crash of the American economy simply snowballed off the issue of protectionism. One of the largest of these was over production. As American export rates came down, the country was met with the newfound issue of overproduction. As sales for products such as cars dropped dramatically (how many new cars could one family need? ) America still did not stop making them. There were now warehouses full of products that were either un-wanted or that couldn’t be afforded. Soon enough, many companies began to close down in a domino ffect, leaving only the products necessary to live as a profitable part of the economy. The issue of overproduction is closely linked to the un-even distribution of wealth in America. As there were only a select few who could afford to buy the luxury items companies were trying to sell, and because of the tariffs now placed on American goods, there were no exports. As 5% of the country’s population held a massive 30% of the wealth, that too was far too unstable to continue. Thus proving that the American economy was in fact, a bubble destined to burst. The final factors of the economic crash of 1929 are closely linked. The cotton, farming and railroad industries being far weaker than they seemed and the instant panic when there was any cause for concern by the American people were both such issues because of lassiz fare and the conservative government not being willing to back down on this that the economy ended up in a crisis. There were low wages for people industrial workers and farmers- (ironically enough the jobs that could have saved the economy) yet Americans were encouraged to have the highest faith in the farming, cotton and railroad industries. In 1929- the year of the crash, President Hoover himself said that America could expect a â€Å"financial triumph over property†. It was due to this huge faith and over confidence in the economy that the panic when things went a little haywire Americans were in such shock that all they wanted to do was sell their shares and get their money back. This of course was just making matters worse for themselves and their country. It is because of these factors, that it is indeed obvious that America in the 1920’s was simply a bubble destined to burst. There were too many half-thought-out ideas put into immediate motion and the lack of communication or assistance from the American government lead to the three factors that made the American crash inevitable. How to cite The American Economy in the 1920’s Was a Bubble Destined to Burst, Essay examples

Mozart free essay sample

Wolfgang Amadeus Mozart was not only one of the greatest composers of the Classical period, but one of the greatest of all time. Surprisingly, he is not identified with radical formal or harmonic innovations, or with the profound kind of symbolism heard in some of Bachs works. Mozart best music has a natural flow and irresistible charm, and can express humor, Joy or sorrow with both conviction and mastery. His operas, especially his later efforts, are brilliant examples of high art, as are many of his piano concertos and later symphonies.Even his lesser compositions and Juvenile works feature much attractive and often masterful music. Mozart was the last of seven children, of whom five did not survive early childhood. By the age of three he was playing the clavichord, and at four he began writing short compositions, Young Wolfgang gave his first public performance at the age of five at Salisbury university, and in January, 1762, he performed on harpsichord for the Elector of Bavaria. The more obvious, related tonalities for a work in Major would be D and E major, the subdivision and dominant keys, and F# minor,the relative minor key.This type of harmonic device gives a strong sense featured from the safety and stability of the home key, making Its eventuality In the recapitulation stronger and more satisfying. This passage also shows examples bombasts innovative orchestration: the small group-large group contrast pearlier concertos becomes a three-way interchange, tit piano, winds industries forming three groups which are united and contrasted in a range factionalism.Conclusion Mozart innovations took dashboard concerto to a new level, and give some indication of why the forename so popular with composers and the public. For the composer, working paternoster changing, away from the often creatively restrictive nature of patronage an environment of more freedom, with composers having more control performances as events J C Bach is a particularly good example of this. Watchman composers also being gifted performers, who could attract audiences by woof their virtuosity, the concerto offered scope to write exciting, egalitarianisms within the context of a major work, giving their performances realistic. Yet the economic reality was domination depended on the success of concerts and range of Viennese listeners,writing of his 3 concertos written for the 1782-3 season: There are passages here and there from housemistresses alone can derive satisfaction, but they are written so that then-connoisseurs cannot fail to be pleased even if they dont know why. Quoted by Steinberg 1998: 279) aging the above into account, its surely not insignificant that Mozart piano concertos are, 200 years afterbirth composition, enjoyed by a huge audience and also highly regarded functionalists. Ere development of the subcontracted in the 18th century demonstrates how changes in the coalescences and innovations in instrument technology planted the seeds of vibrant music indu stry. This helped set up the piano concerto to become indispensable ingredient in the concert hall and a contributing factor in developments of the virtuoso in the 19th century and beyond.