Company: It is a company which is formed by a single individual, limited by shares with one member. It is a subclass of a private company. In SMC there is one owner and also a single director which is owner. They required auditor under role of 1984. The secretary can be a member other than the secretary. They have various governmental facilities. A SMC converted into private company in accordance with the provision of sub-role. SECP Chairman Khalid A. Mirza said 57 sections of the Companies…
The form of business that Shania should engage in to open up her coffeehouse should be a limited partnership. If she were to open as a sole proprietor, although inexpensive, she is liable for everything that happens to her business, and she is the only one dependent upon supplying the necessities for the business to operate. These necessities include: the capital to start the business, property, and all other factors that are required to get a business started. By reaching out to her husband,…
express themselves through their ideas. A way to see what they’ve created through their hard work to see what they’re worth. An entrepreneur is a person who takes the risk of opening or going into a business. Whether it be a sole proprietorship, partnership, or corporation they all make a difference in other people’s lives. From Apple to a small café everybody is interacting with business. Each of them have the same role in our…
transactions. This business will be located in the state of Virginia. II. Description and Explanation of Type of Business Entity The type of business entity, which would be best for Neverland Cupcakes to be operated as, would be a limited liability partnership. Firstly, an LLP would be the best option, because I would be starting this business and operating it with my sister. An LLP allows for a certain amount of liability and protects one…
Typically, closely held corporations are faced with limitations on the amount of investors that are accepted to be on board as business members. Additionally, closely held corporations are private enterprises which do not openly trade their stocks. There are various advantages and disadvantages of a closely held company from a tax reporting standpoint. Due to the organizations structure, the need for accountability for every dollar spent on failed attempts is not necessary. A major tax advantage…
In this final discussion, we are asked to evaluate business start-up options for Shania Jackson. Shania is a mature Christian. She has a desire of opening a coffeehouse. Shania seems to have the support of her husband, sister, and neighbor, but in varying degrees of commitment and perspectives. Shania’s husband is willing to invest capital, but not help in the day to day operations. Her sister, a new Christian is eager to participate in the business, but her husband is completely against the…
According to World Intellectual Property Organization, a trademark can be defined as "any sign that individualizes the goods of a given enterprise and distinguishes them from the goods of its competitors." The trademark of Magic Wand Remote Control will be the diagonally slanting picture of a magic wand in a rectangular box. The rectangular box will also display the small pictures of electronics and electrical items in the background. The trade mark will connect to the potential customers as…
This Band Partnership Agreement is made by and between the current band members apart of PIYAH (insert band members names) _________. This agreement shall be effective as of the date of the last signature below. The Band Partners agree as follows: The Band Partnership. The Band Partners establish themselves as a general partnership (the "Band Partnership") to be known as the _________________________ under the laws of _________________________ for the purposes of musical and related…
2.1 DEFINITION Coyle (2000) defined Mergers and Acquisition (M&A) occur when two or more companies joint together all or part of their operations. The differences between mergers and acquisition relate mainly to the relative size, management control and ownership of the combined business. Mergers is defined as two separate companies pooling their resources into a single entity and become common shareholders. The shareholders of pre-merger companies have a shared in the ownership of the merged…
mainly deals with the dissolution of partnerships and its consequences on continuing on doing business after the fact which is what the case…