Public–private partnership

1.0 Definition, Legal nature, types and the Effects of Mergers 1.1 Definition Merger is a combination of two existing companies to form one company. That is, it is the transfer of undertaking and liabilities from one company to another company. According to Marof , Chiplin and Wright , they have all defined merger as a combination of the assets and liabilities of two firms to form a single business entity. Under the Kenyan companies Act, mergers has been defined as either a transfer of…

Noor Rizwan Sole proprietorship . A sole proprietorship is a form of business where there is only one owner, and there is no legal distinction between the business and the owner. Let's look at what operating as a sole proprietor means for Beth. Advantages of Sole Proprietorship Operating as a sole proprietor offers some distinct advantages for Beth. It's a pretty simple and easy type of business organization to manage. As we mentioned earlier, there is no legal distinction between her and…

capital (less than minimum legal amount), the private limited company must, within one year, either to increase its capital with this minimum, or to transform itself into a general partnership. The responsibility of the shareholders is limited, they are held responsible for the value allocated to the contributions when there was no registrar to the contributions or when the value selected is different from the one proposed at the registrar. The limited private company is managed by one or more…

SMEs (Small & Medium Size Enterprises) do not have a specific definition. They are defined in different ways according to individuals or organizations. In a general prospective; an SME is a small or medium business, company or organization that is usually established by one individual or two as partners. A business with small/medium scale revenue, small/medium facility and a small number of employees can be considered an SME (Baenol, 1994). SMEs are considered one of the essential economical…

A business that lawfully has no separate existence from its owner. financial gain and losses square measure taxed on the individual's income official document. . The sole proprietary is that the simplest business type below that one will operate a business. the only real proprietary isn't a legal entity. It merely refers to someone World Health Organization owns the business and is in person to blame for its debts. A sole proprietary will operate below the name of its owner or it will do…

Ethel Carew Tax Exemption Assignment #2 Due 3/16/15 The key to a mutually beneficial corporate sponsorship agreement is for both parties involve to enter into a written, legally enforceable agreement. One that will spell out the scope of the agreement in terms of fees, mutual expectations, ongoing oversight, follow-up procedures and procedure (s) for termination should any party default. Corporate sponsorship income is vigorously scrutinized by the IRS and a non- profit organization such as…

be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.(1. 721(a)). This rule applies when partners make contribution to the partnership. In this section, the property includes various types of assets. Such as cash, inventory, land, equipment, obligations, etc. During the time when two or more partners form a partnership, partners may contribute property to the partnership to exchange…

same time the Occupy Wall Street movement began in New York. As soldiers who were living on a base that would receive incoming rocket fire, eating the same meals week after week and going out on route clearance patrols looking for IED’s. Even as a Private First Class I was making the correlation between a valuable skill set and income. This is a well-known correlation, but as a Combat Engineer I knew the skill set it offered while valuable to the military was not very valuable in the civilian…

There is something to be said about with whom a person goes into business. In the 1980’s, my brother and two friends formed a partnership doing surveying in Colorado. Shortly after getting established, the two friends ousted my brother and took all of the money. There was an IRS audit in which a gain was determined, and my brother was included in the assessment. He quietly paid it, then one day, he received all of his money back; his “friends” paid the assessment not knowing it was paid. We…

managing the partnership and are jointly and severally liable for the partnership’s debts, however, limited partners who become active in the management of the partnership risk losing their limited liability status. (Prescott, Madden, & Foster, 2010). Finally the Master limited partnership (MLP), is little different they can be referred to as publicly traded partnership; they are owned and ran like a corporation however most of the time taxed like a partnership. The disadvantages of a…