The ownership of business
Private Business
Sole Trader
This is a person who decides to set up the business on her/his behalf.
There mite be other people who work for the owner but the business to be quite small, if, quite possibly, very profitable. An example is a
Chinese Takeaway or a Fish and chip shop.
Partnership
From 2 -20 people who get together to run a business. They will probably employ other people to work for them. But ownership belongs to the partners. A firm of solicitors ,architects or doctors is a good example. Private Limited Company ( PLC )
These companies may start as family running affairs and develop. The reference to 'limited' means the extent to which owners are liable for the financial
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At one time there were dozens of examples, but these have dwindled substantially since 1979.
Local government enterprises
These are businesses owned by the local council or corporation. Some of them are heavily subsidized whilst other are designed to make a profit. An example is a sports center or a museum which charge gees for entry
Public corporations
There are not many of these left although the post office is an example which so far retains this status. The corporations are run like a PLC but have no shareholders, the government being a principal recipient of the profit. In the case of the Post office the government sets the amount of profit it wishes to collect each year and this is built into the costs for delivering services. The profit runs into many £ millions. What is over, after the payment of the government's share, is used for development of new services (like setting up shops) or for computerizing things like the payment of pensions and benefits.
Organizations Which fit into either of these categories
Co-operatives
Some of these exist for the benefit of the consumers whilst others
(producer co- operatives) are for the benefit of the workers. The most famous of the latter was the triumph Motorcycle Co-operative which went on producing motorcycles which the original management could not afford to sell.
Voluntary organizations including charities
Regardless of how many money is acquired,
The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
When you develop messages, what factors should you consider as you choose your words? Which considerations do you think are most important? Why?
1. Assume that the state of Ohio passed a hazardous waste statute, seeking to protect the general public and workers. The state statute did not violate the Commerce Clause because it imposed no restriction on interstate commerce. Both the state statute and the federal Occupational Safety and Health Act (OSHA) established job safety standards and specified worker training and employer licensing, but the requirements differed. Which statute(s) Ohio corporations had to obey? Pick the best ANALYSISwer.
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
Only when the documents have been approved can the company start trading. If a company is comprised of between 2 and 20 people who contribute money to a business they can apply for a Deed of Partnership, which states how much money each partner has contributed, the share of profits they will receive and the rules for electing new partners. Some partners may make a financial contribution but not actually take part in the running of the business and are called ‘sleeping partners’.
1. Give an example of a case that would fall under diversity jurisdiction. Explain all of the key elements of such a case.
In the case in the text where someone purchased a used safe at an auction for $50, but
case brief---Gregory, a comedy writer, entered into a contract with Wessel, a comedian. The contract provided that Gregory would provide Wessel with a 15 minute monologue for his upcoming appearance on the comedy hour and Wessel will pay $250 to Gregory. All performers could make $500 per appearance on the comedy hour. and when Wessel was scheduled to aper on the comedy hour, Gregory informed him that he was unable to provide the monologue, because last time Wessel was asked to make special guest appearances at three local comedy clubs performance during the comedy hour. and Wessel bought lawsuit to Gregory for beach of contract and request damages of $1250.
3. For a crime to be committed, the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree, they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain.
12.1 Jerome is an elderly man who lives with his nephew, Philip. Jerome is totally dependent on Philip’s support. Philip tells Jerome that unless Jerome transfers a tract of land he owns to Philip for a price 30 percent below market value, Philip will no longer support and take care of him. Jerome enters into the contract. Discuss fully whether Jerome can set aside this contract.
Legal Structure of a Business Orgnanisation Business organisations are the different legal forms a business can adopt. The key distinction is that some businesses provide limited liability for any debts the business incurs. Others have unlimited liability - which obviously doesn't [IMAGE]Unincorporated Incorporated Up Arrow Callout: Sole-trader Up Arrow Callout: Partnership Up Arrow Callout: Private Limited Company (ltd)
1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why?
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.
Michael Lewis (2000: pages 256-257) scoffed at the whole attempt to formalize the definition of business models when he wrote that “ “Business Model” is one of those terms of art that were central to the Internet boom: it glorifies all manner of half baked plans. All it really meant was how you planned to make money.”