Business Strategy: Mann and Roberts Case Study

Our business is a partnership type of business because it’s owned by two people. Through our partnership, we will increase the level of our business, making decisions and implementation of changes can be fast, and we cover each other for holidays and

-A partnership is an organizational form that contains two or more people who are able to be joined together legally in order to share the management duties and make profit from the business.

This is the type of business entity that the owner should adopt because it is the most common and since this is the owners first time he should choose this type of entity in my opinion.

Before we can talk about the Strategy Hudson Bay uses we must first answer the the question of what a Corporate and Business Strategy is and how The Bay inaugurates this into their company;

A partnership is an arrangement between two or more groups, organizations or individuals who work together to achieve common aims or who have common interests.

General Partnership: Occurs when two or more individuals get together to operate a business with the intention of making profit. Each individual is a general partner of the business and all profits and losses are shared between the partners. General partnership agreements can be a written or verbal agreement.

A partnership is the creation of two or more people who operate a business as co-owners and share profits. There is a collective amount of money that is contributed to the organization as it pertains to all aspect of the business and in return each individual share equally the profits and losses of the business. Partnerships require that there be a partnership agreement established because more than one person can make decisions for the partnership. The agreement should include how future business decisions will be made, the profits will be split among the partners, and the dissolving of the partnership (sba.gov). The partnership must file an annual information return that reports income, deductions, gains, and losses that occur from normal business operations. The business does not pay income taxes but the business pass through any profits and losses to its partners. Taxes that are included in a partnership are: employment tax, excise tax, annual return of income, income tax, self-employment tax, and estimated tax. Other qualifications of a partnership is that partners must furnish a copy of their Schedule K-1 form to all the partners by the date of the Form. It is important to remember that partners are not employees and they are not to be issued a W-2 Form.

7. Which one of the following generic types of competitive strategy is typically the best strategy for a company to employ?

Starting a business is an adventure that can be a lot of work, yet the end result from hard labor can result in a rewarding experience. Yet simply following the American dream can be full of road block, if one does not research ahead of time can end up leaning the hard way. In the day and age that we live in, trying to find out what fits the best for your business can be as simply as login on to Google. The most basic of research can provide one with how to select a proper business structure, whether a company or corporation. This act in itself can determine your chances how the business will be successful in operational blessing and financial profits. The most common business types are sole

There are many types businesses in this world; these include Sole trader, Plc, Ltd, Partnership, Co-op and

Before starting a new business, several decisions such as its legal structure must be made first. Five basic entity types exist in which to structure a business. These types consist of sole proprietorships, partnerships, limited liability companies (LLC), C corporations, and S corporations. When determining the type of structure to use, comparison of different factors such as liability to the owners, taxation, and management

They can also form a partnership, which is a type of business in which co-owners share the costs and work together to attract customers. As general partners, they would manage the business together and share profits, debts, and obligations associated with it. If Helena and Francine form a limited partnership, they could bring in other limited partners who help fund the

This essay outlines the best business structure for a sample company wishing to open a restaurant. The essay details why this structure is the most advantageous for the company. The advantages are listed and discussed in detail, explaining how each element applies to business law and operation for the sample company.

Your current ownership structure is a partnership with Sue, together running your business, Outdoor Adventures. A partnership is a group of persons carrying on a business with a view to profit. In order for your business, Outdoor adventure, to continue operations, ultimately it needs to make a profit. Running at a loss will make it impossible to continue operations. From previous statements, it read 3 years ago, that you were looking to expand/increase the capital for the business. An advantage of a partnership does consist of being able to generate more capital than a sole proprietor so that a sole proprietor business that has reached the limit of its owner 's ability to fund its future can continue operations with the injection of additional capital from a partner who will share the risks and rewards of the business. Outdoors Adventures will also benefit from Sue entering the business, as she will bring different skills and ideas, steering the business in many differing paths allowing it to grow in more areas. She now can allow you to specialize in different parts of your business as she now takes on some responsibilities for example on the Zip Wires in particular. However, partnerships do have many

A partnership is a business organization where the partners own the business together and are