BAA Limited

My business will be a limited liability company. A limited liability company is a company composed of multiple people in a special written agreement. It distributes the loses and gains and assigns to people to their interests. When using an LLC our personal assets will also be protected if…

Every trade and businesspersons engaging in an entrepreneurial endeavor are expected to have acquired knowledge regarding the given industry and its governing policies. To every business owner, it is vital that all relevant information is put together to compile the perfect plan as it plays an important role in the business. The information gathered and evaluated assists the entrepreneurs to have a clear vision while making the first critical steps. The prevailing economy of the country at that…

In the modern world, there are many different countries with different systems of government. In Aldous Huxley’s utopian world, there is only one country, the “World State,” and one government, led by Mustapha Mond and the world controllers. This government system works and runs as a well-oiled machine with very little disruptions, which contributes to its success as a government. For the people of this “World State,” their government and habitations are a utopia, as is evident through the…

results in confusion about roles. Corporate structure typically designates directors, managers, employees, etc. LLCs generally do not; which can lead to confusion regarding who is in charge, who is eligible to sign contracts, etc. Lastly, LLCs have a limited life. If a member departs the company, the LLC ceases to exist. Corporate setups prevent individual shareholders from affecting the identity of the company. Of course, some of these issues can be addressed through carefully prepared…

Sole proprietorship fully rests upon the owner. The income of the Sole proprietorship is considered as the income of the business owner and tax applied to it is not the corporate income tax, but the personal income tax that ranges from 0% - 20%. Limited Liability…

McCain Foods is a privately run company who has been in business since 1957. It was founded by two brothers, Harrison and Wallace McCain. McCain Food Ltd. Is located in Florenceville. New Brunewick, Canada. In the last 50 years, McCain has become the world’s only global French fry producer (McCain n.d.). It is the worlds largest producer of French fries and potato specialties (The Times 100 2014). It buys 12% of the British potato crop (The Times 100 2014). They are best known for their…

There are many different types of business to consider when an individual starts their own business. The three main types are a Sole Proprietorship, Corporation and a Limited Liability Company. There are also many areas of business that an individual could pursue. Personally, if I could open my dream business it would be an equine (horse) boarding business ran by my husband and I. This business would involve the boarding of horses for extended periods, giving them quality care while their…

creditors, employees and the community. There are advantage and disadvantage for stakeholder when dealing with or using a limited liability company (LLC) structure for small businesses in New Zealand. In a limited liability company, shareholders will have many advantages and also some disadvantages under the New Zealand company structure. The shareholders have tax benefits in a Limited Liability Company. Shareholders can choose to be taxed as a sole proprietor, partnership which pass through…

CONGLOMERATE Conglomerate integration occasionally also comes up in form of merger, acquisition or takeover. It involves the coming together of two or more companies in different industries, i.e. the business not related with each other or sometimes not within same industry. The integration defers to that of horizontally (producing the same or competing products) nor vertically (standing towards each other in the relationship of supplier and buyer or potential supplier and buyer) but possibly…

• Step 1: Corporation or LLC action Company owners must approve the dissolution of the business. With corporations, the shareholders must approve the action; with limited liability companies (LLCs), members grant approval. For small businesses, shareholders or members are often involved in day-to-day operations, and typically know the circumstances. The bylaws of a corporation and the LLC operating agreement typically outline the dissolution process and needed approvals. To comply with…