Types Of Setting A Limited Liability Company In Oman

International marketing or business is uniquely different from the local market because the product price, place and promotion is vastly different from what is been offered to local customers (Johansson, 2000) With the emergence of the information technology, cross border marketing has never been a distant dream. However, it has never been easier even for giant multinational companies to face challenges that come in international business. The biggest challenge comes from the culture which varies from country to country.

Given the grounds under which such an enterprise is established, it is held to be more credible than the non-registered enterprises. On the same note, frequent monitoring and applicability of law to such an enterprise is associated with effectiveness of duty discharge. As a result, such an enterprise is likely to accumulate more and more customers with time because its validity and credibility is guaranteed by law.

When U.S business are thinking about going abroad, they need to be aware of the other country’s laws and regulations. “All businesses must, of course, follow the laws of the countries in which they are physically present and operating. Businesses may also be required, even in their foreign operations, to continue to follow certain laws of their home country. Also, businesses operating across national borders will also be subject to international law (Tony McAdams, 2014)”.

(TCO 4) Sally Toone wants to start a new business, and hopes to attract several hundred investors to help finance its growth. She considered forming a C corporation, but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors limited liability. Sally can satisfy her objectives by setting up a(n)

The last business option that will be discussed is the Corporation. A Corporation is “a fictitious legal entity that is created according to statutory requirements” (Cheeseman 478). The biggest advantage of a corporation is the protection of personal assets. Shareholders, directors and officers are typically not liable for the company’s debts and obligations. This is limited to the amount of money they have invested into the corporation. Since the corporation is separate from the owners, transfer of ownership is an easy task. Also corporations are generally taxed at a lower rate than individuals in the United States. A corporation is not as simple to form or maintain as other business formations. Articles of incorporation must be filed with the secretary of state and an organizational meeting must be held to elect a board of directors. A corporation also requires, at the least, an annual report so that creditors that do business with the corporation can determine the creditworthiness of the corporation. Also the corporation is taxed on its profits

4. Government. You need to submit paperwork to form a business entity, you should probably get at least one or more licenses or license, you must be careful to avoid all

1. The foreign national should he able to demonstrate his/her experiemce in business. This is ensured by deploying the investor with 5 employees which he is supposed to manage.

There are many reasons why a trader may decide to set up company. Considerations include the credibility and prestige of the company, which is public companies associated with the available resources to obtain financing, and the possibility of limiting liability. It is important to note that not all companies offer their shareholders of limited liability in respect of claims by creditors.

If I start a new business in future, I will use the name with my last name "Luitel's Corporation". My business will be the family based business where every member would be able to work in a team. After searching business name, the Secretary of State website allows us to file a form. There are lots of option of selection regarding businesses such as non-profit, profit oriented, limited liability and more. The selection process goes through entity name, Article of Incorporation, and more. I have selected profit corporation because my goal of operating any business is to earn money. I have selected profit organization. The secretary of State helped us to incorporate any business in legally. Most of the people things commencing a business is a lengthy process. After going through all the process I realized we can start business

However, this risk can be addressed by incorporating the business. There are various options of incorporation depending on the type of business and goals. The most common are the Limited Liability Company (LLC), Limited Partnership (LP), Limited Liability Partnership (LLP), or Nonprofit Corporation.

All employees are now subjected to mandatory training of at least 10 hours in preventing violations of the Foreign Corrupt Practices Act.

The Foreign Investment Law underpins Mexican corporate law regarding how it will inform the company structure, governance, taxation, and activities, such as financing that are controlled within the law’s domain.

During this 21st century, we find that almost every nation has companies set up and these institutions play a major role in the nation’s economy. We can find that new companies are being incorporated almost in a daily basis under the Companies Commission of Malaysia, in accordance with Companies Act 1965(The Act). However, we realised that the concept of separate legal entity derived its mere foundation from Salamon v. Salamon & Co Ltd which dates back to several centuries.

Omantel is an organization which is pioneer of the telecommunication industry in the Oman. It is the main internet provider in the Oman and it has market leadership position in the market. The government of the country has 51% share in the company. The company has formed itself a major global hub through presently 10 submarine cables landing in the country such as PLAG, EPEG, Mena, POI, OMRAN, BBG, GBI, Falcon, EIG, and TWA etc. The company designed a project in the 2015 for the application of the FTTH type of technology in the Oman and for this the company won award for the best maintenance of the quality for the HR in the company (Omantel, 2017).

Omantel is the leading telecommunication in Oman in mobile network in both in subscriber and revenue.