Types of companies

Organisations can vary in many things such as size; it could be as little as one person or thousands of people working worldwide in a large international company. The word organisation is used as a collective to describe all types like banks, charities, professional practices, production companies and government departments. There are three different types that categorize into two different sectors. The

I would like to acknowledge the client development on their company, which makes a granite cleaning product. Being a sole proprietorship, our new client made a big accomplishment because the product has been sold in many major retail stores. This only brings big and better ideas to an individual owner of a company. While the client was involved in the sole proprietorship, there were different characteristics of the business that the expansion was required to be utilized, but there were still issues

incorporation, the second change is that of perpetual existence as it was described by Nace (2005) “The classic corporation was chartered for a limited term and had to periodically apply to have its charter extended — every six to fifty years, depending on the type of business. After the advent of general incorporation statutes, states gradually began to replace limited terms with perpetual terms (almost half done so by 1903)” (p. 91).

individual responsibility standpoint. Having stake or being invested into a company is important to know what you rights are and what you as an owner are responsible, liable for, and or entitled to. It is important to understand these things so the best

must decide what type of business you would like to operate, including the different business structures, legal forms and permits that must be obtained, zoning laws, tax laws, and the liability you may expose yourself to. If you have a business with employees, you may need to decide if you want to hire non-union or union members. You will also need to research the many banking and financial institutions as you want to make sure your money is well protected. The different types of business structures

Introduction A business also called a company, enterprise or firm is a legally recognized organization, designed to provide goods and services to consumers. According to the purpose of the business, ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector, public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public

Sole Proprietorship Description A Sole Proprietorship is a business solely possessed by one person. The individual owner makes all the decisions and is held accountable for any matters pertaining to the business. An example of this is a lawsuit, due to the fact that legally the identity of the owner and the business is one and same. As a result of this lack of separation often times the owner is not required to register as a business unless a fake name is in use or certain services requiring a license

business decisions, the owner must decide what types of business organization is the best for the company. There are seven forms of business that will be discussed as well as scenarios in which each of these forms of business would be the preferred form. This paper will also justify why the corresponding business form is preferred. The forms that will be discussed are: sole proprietorship, partner, limited liability partnership, Limited Liability Company, S corporation, franchise, and corporate form

There are numerous factors affecting the type of business organizations that an owner should form, so that it is most beneficial for him and the product or services provided. In this paper, the four business structures are evaluated and the association of the legal, tax and accounting implications with the different structures are also discussed. Suppose that the government has released funds to set up small businesses, I would set up a language services company. The services will include translation

Abstract Company is considered as an association where member shares a common purpose and unites for focusing their various talents to achieve declared goals. CSR Ltd. is an Australian industrial company which manufactures building products along with this it also has an investment in Tomago Aluminium Smelter. CSR Ltd. is a publicly traded company. In this study capital rising options of Jonson P/L is discussed along with business nature and other issues of CSR Ltd. Part: A Introduction