Analysis of J Sainsbury’s Essay

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

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.

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.

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).

Sales and Marketing President Matt Eustace has selected a small team with extensive sales, and computer skills, all of whom are invaluable to the venture of this business. His colleagues bring a combined total of 20 years of retail industry experience to the agency. Matt Eustace has been managing as a sole trader throughout his retailing experience, and has optimised the businesses working ability through his structure. A sole trader has been selected because of the flexibility, favoured tax treatment and unlimited liability. Skiing and Hiking has ambitiously used the disadvantages and advantages as a sole trader, appropriately to strive towards expanding their business further.

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.

Businesses are supposed to handle the load of any newly starting business or any business which is undergoing a slump. Also it help to view business in a different view. This view is also used in preparing the financial statements as well as to keep tab on the

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

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

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.

Many of these offer specialised services to individuals, companies and other bodies, both in Britain and internationally.

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

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