When choosing the business structures for our business, we had to look at all the business structure, which are being used in the UK. The main 4, which we discussed and looked at, were sole traders, business partnerships, private limited companies, and public limited companies. Looking at our company we consisted of 9 people who were actually running and would own the company, so the option of being a sole trader wasn’t obtainable for us, as in a partnership it would have meant that there could be one owner who is running the actual company, so this didn’t not suit our company as we were 9 people so we had to take this option away even though we still discussed the advantages and disadvantages of being a sole trader in order to broaden our knowledge in this subject. So as sole trader was not an option anymore we were left with 3 more options, which were:
• Business Partnerships
• Private limited companies
• Public limited companies
Business partnerships would have consisted 2 to 20 people. There are 3 types of business partner in essence when taking into consideration ‘partnerships. The 3 types of partnerships would be ordinary partnership, limited partnership and limited liability partnership.
Ordinary partnership is 2 or more business partners starting a venture together, but in an ordinary business partnerships share the responsibility of the business. The profit is shared between the partners equally depending on how many partners there are.
Limited liability
| A general partnership is comprised of a group of two or more individuals who enter into an agreement to start a business. The partners and the business are legally the same. The partners enter into an agreement called the articles of partnership and are typically equally active in the business and the business’s management, unless otherwise stated in the partnership agreement. All profits and losses are shared by the partners in a joint business venture.
A partnership is the creation of two or more people who operate a business as co-owners and share profits. There is a collective amount of money that is contributed to the organization as it pertains to all aspect of the business and in return each individual share equally the profits and losses of the business. Partnerships require that there be a partnership agreement established because more than one person can make decisions for the partnership. The agreement should include how future business decisions will be made, the profits will be split among the partners, and the dissolving of the partnership (sba.gov). The partnership must file an annual information return that reports income, deductions, gains, and losses that occur from normal business operations. The business does not pay income taxes but the business pass through any profits and losses to its partners. Taxes that are included in a partnership are: employment tax, excise tax, annual return of income, income tax, self-employment tax, and estimated tax. Other qualifications of a partnership is that partners must furnish a copy of their Schedule K-1 form to all the partners by the date of the Form. It is important to remember that partners are not employees and they are not to be issued a W-2 Form.
Our business is a partnership type of business because it’s owned by two people. Through our partnership, we will increase the level of our business, making decisions and implementation of changes can be fast, and we cover each other for holidays and
A partnership is an arrangement between two or more groups, organizations or individuals who work together to achieve common aims or who have common interests.
A Partnership is a business form that consists of two or more individuals. There are two types of partnerships; general and limited. General partners are liable for the full extent of debts and obligations within the business. Limited partnerships provide individuals with a limitation of responsibilities in the organization’s liability; this type of partnership is dependent upon the investment percentage. Advantages of partnerships consist of cost efficiency, shared financial responsibility, complementary skill association, and offer employees partnership incentives. Disadvantages of partnerships are joint and individual liability, disagreements between partners, and shared profits (“U.S. Small Business Administration,” 2013).
In few words, studying the aspects of the health belief model, patients can accept or reject the designed and appropriate interventions. For example, if a patient is unaware of his or her risk factors for one or more diseases, direct teaching toward informing the patient about personal risk factors. If the patient is aware of the risk, but feels that the behavior change is overwhelming or unachievable, efforts on helping the patient have the ability to overcome the perceived barriers.
When it was time to pick what High school I'm going me and my mom got in argument. I want to go to Hayward high and she wants me to go to Mt.eden. Well the problem here is that Hayward high is far and Mt.eden is closer to my house. But my mom doesn't realize that Hayward high is a better High school. Is better at teaching and learning as a student. Mt.eden can be closer but later on it's not going to care if it was close or far. Is going to care what I learn and how was I teach. That what my mom really doesn't get. She told me “ no matter what school you go if you want to learn you learn” She said in a mad and happy voice. But what my mom told me that really didn't convince me of changing my mind to go to Mt.eden.
There are three types of business structures sole proprietorship, partnership, and general. Each business structure has its advantages as well as disadvantages; the key is determining which business structure will be most suitable for your business venture. Not everyone is looking to run a small business so a sole proprietorship may not be the answer, it could be that you are looking to start small and have your company grow into a corporation but not quite function exactly like a huge corporation. Whatever the case one must determine which business structure best suits their needs and this paper will
Pec is a system that was developed in 1985 to help people with ASD communicate more effectively. PECS stands for Picture Exchange Communication System. Students with ASD often struggle and have difficulties communicating effectively with others starting from a very young age. Due to these difficulties. The child will often become easily frustrated with trying to verbalize or gesture their needs and wants. This can also be overwhelming for the person who's trying to receive the message as well. PECS was simply put in place to make things more simple for both communicating parties.
Those legal structures are: sole trader,partnership,partnership with limited liability(LLP),private limited company (LtD) and public limited company (PLC).
A partnership is a business organization where the partners own the business together and are
A partnership is the relation which exists between persons carrying on a business in common with a view of profit.
A partnership is the relationship between persons who carry on a business together in common with the view of making a profit.
Partnerships is a type of business entity where owners spread profits, losses and costs of the
•A partnership involves two or more people who agree to share in the profits or losses of a business. A primary