Analysis of J Sainsbury’s Essay

The organizational forms a company might have as it evolves from a start-up to a major corporation are proprietorship, partnership, or corporation.

In this assignment, I will explore different types of businesses. Some of these will include: Sole Traders, Private Limited Companies (Ltd), Public Limited Companies (Plc), Partnerships, Non-Profit Businesses, Franchises, Co-operatives. In this instant, I will be exploring a Public Limited Company. Tesco.

Being a sole trader has many advantages. Most importantly, it is cost effective, simple and easy to setup and maintain. A sole trader completely controls the direction and

A business operating as a sole trader in the multimedia industry is privately owned by 1 owner. The owner can operate the

Business environment is all about the combination of internal and external factors that may influence a business’ ways of operating such as: clients, suppliers, its competitors... stakeholders decide to start a business for many reasons: to pursue an interest or a hobby, mainly: to be their own boss. In other terms, people think that being your own boss, mainly as a sole trader gives you many opportunities although there are drawbacks as well. They also have interest in business they want to be successful.

The purpose of this report is to investigate the challenges of setting up a business and the difference between the major forms of business; particularly, niche markets as compared to the larger mainstream markets.

All profits belong to the owner of the business in addition to all debts, losses, and liabilities (Small Business Association). In order to form a sole proprietorship, a business owner must simply begin practicing their business. There are no legal or formal actions required to form a sole proprietorship (Malinak). In order to sustain, such a structure, one must obtain the correct licenses and permits. These are obtained by meeting legal requirements set by the state and local government for the applicable industry (Bloomsbury). When one is considering different business structures, they must also consider the taxation methods of the various structures, as these methods vary. In a sole proprietorship, the business is not taxed as a separate entity from the owner of the business as they are considered to be the same being (Small Business Association). Now that all of the information has been gathered on this structure, it is imperative to evaluate the advantages and the disadvantages of this model. The advantages of a sole proprietorship are simple and low-cost formation of the structure, complete control of business by sole owner, and low tax rates. Some disadvantages of a sole proprietorship would include complete personal liability and the difficulty of running a business as the lone owner and employee (Bloomsbury).

In this case Stan is thinking about starting a toxic waste disposal business. He is considering operating this business as a sole proprietorship. Although this is a valid business organization it also carries numerous disadvantages, if not all aspects of the company are taken into account. I will explain some possible conflicts Stan can encounter as a sole proprietorship, and I will recommend an alternative form of business organization that may become more beneficial. After taking into consideration the two different operations I will come to a

Since accidently falling in love with Business, my involvement and interest in the operations of a business has always been present; Setting up and managing a business under the Young Enterprise scheme, partaking in market research for a local vineyard as well as completing work experience within two different companies. Business, especially within the retail sector, is such a major part of the economy as business underpins everything.

When anyone thinks of business, shopping is most likely at the top of that list, if there even is a list. A person enters a department store, specialty store or a grocery store, selects an item or more then proceeds to checkout. A form of currency is exchanged and voilà, business has been done. When children are asked what a business person does, the usual reply is that a business person wears a suit and rides a train to work. While the everyday child and the Average Joe may be seen as business knowledge novices, they certain have heard many key words in business formations. An example would be a professional sports athlete. The agent works on behalf of the athlete and has a contract detailing the work and the compensation received. Joe the sports fan is well aware of this type relationship but probably doesn’t know that Agency is the business term used. Agency and its application will be covered later. Business also has different types of organizations, to include partnerships, franchises and corporations. How these entities can be formed, their types and the powers they hold will be discussed. It is also important in business to know who is in charge, who runs the business and who can decide what the business will do in the present and the future. While all these terms and ideas are exciting, the most exciting entity in business is money. Everyone wants to make lots of money and the right business can help to achieve that goal. The finances,

The advantages to the sole proprietorship are single control over the business and its decisions, easy to start up, less regulations and paperwork burden that the other types of business. The disadvantages are unlimited liability for their company debts and actions. The law does not recognize any distinctions between the owner’s business assets and personal assets. Banks are very skeptical about lending to these types business because there is only one person to hold liable for repaying the debt.

a) To begin with, sole proprietor is a self-employed person where their business has no separate existence from

When an individual chooses to start a business there are several business forms they may choose to take. The option that they chose to depends on several factors such as how much control an individual wishes to have within the organization and to what extent are they willing to be liable for the business’s actions. This paper will look at three types of business forms: sole proprietorships, partnerships and corporations. After each form is examined a recommendation will be made to James regarding which type he should choose.

Those legal structures are: sole trader,partnership,partnership with limited liability(LLP),private limited company (LtD) and public limited company (PLC).

Sharing of the risks: Blair Company should not take all the important decision all by itself