Types of companies

Pros. • You don’t have any worry about having to pay the business overheads like rent, taxes, or utility bills. You don’t have ultimate responsibility for the business, and that can be liberating • You gain incredible experience. You learn from your mistakes • You are immersed in an established business. You will get to see first-hand how that business runs - whether you work in a salon or as a mobile groomer for somebody else • You will meet lots of dogs. You will develop your dog handling…

Colin Gaierxike, an American scholar, argues that even the most conservative estimates suggest that households owned or operated by companies in the world accounted for between 65% and 80%. 500 of the world's top 40% companies are owned or operated by the family". It can be seen that both the developed countries in Europe and the United States and the developing countries in East Asia have played an important role in the national…

1) The best metaphor for a corporation is an “apple within a barrel where most apples are good and just a few bad”. It takes one apple to ruin it for the rest or spoil its companion. Corporations can often be seen as “bad apple's” bent on taking control of public power and only focused on making money, regardless of the consequences. Corporations are trying to engage themselves in as much profit as possible at anyone’s expense without realizing how unsustainable they are being towards the…

during the tenure of the policy, provided the policy is in force, the insurance company will pay the Sum Assured as per the schedule in a lump sum to the nominee or the beneficiary. • Maturity Benefit: There is no Maturity Benefit payable in case of survival of the life insured till the date of maturity • Tax Benefits: Tax benefits can…

insurance industry, the products are the policy documents, the wordings of which are fixed and cannot be changed by any insurance company. Placement and promotion of the insurance products is almost same for all companies and thus the main aspect to be considered is price. Due to the cut throat competition and price being fixed and non-negotiable, the insurance companies then have two option in front of them, which are – either to increase the premium to increase the profits, which is not…

Snow is described as being ‘atmospheric water vapour frozen into ice crystals’. It cannot be owned in the air and there is no law on ownership of snow when it hits the ground. This leads to the assumption that snow is res nullius and title can be acquired by occupatio. The test for this is taking possession of the thing, whilst having the intention of becoming the owner of said thing. Therefore, when Looby Loo uses the snow to make her snowman she fulfils the first part of the test, and she…

“In Australia it is still impossible to discern any broad principle of company law indicating the circumstances in which a court should lift the corporate veil”.15 As illustrated, it can be quite difficult to list the cases in which the corporate veil will be pireced.16 Herron CJ contends that authorities in which the corporate veil has been pierced have not been of such consistency that any principle can be adduced. 17 Rogers AJA also takes a similar view, arguing that there is no unifying…

5. Recommendations for Mehta: Mehta is the only person who has connection with both the groups such as the Bonazzi and Indo group. Mehta being the CEO of Bonazzi is appointed for a purpose. He should understand the Indo group and share his views to the Bonazzi Goup and vice-versa. He can think from both their views and make the best decisions. HE should create, communicate and execute a clear vision, strategies and goals so that the future of the Joint Venture is bright. He also should make…

Every state has workers compensation laws designed to compensate employees for work related injuries. In some states it may be called workman's compensation or workmen's compensation, but it is the same thing. While specific workers comp laws and systems vary from state to state, there are general principles applicable to all states. Here are 5 facts the everybody ought to know. 1. Not every employer is required to have workers compensation. Every state has set a minimum number of employees…

diverse institution settings as a business firm, labor unions, religious or charitable organizations, educational institutions and so on. Its nature is affected by the sphere with which it is concerned. Administration is commonly divided into two types, public and private administration. As an aspect of government activity it has existed since the emergence of political systems. While public administration relates to the activities carried out by government, private administration refers to the…