Limited company

Limited liability companies (LLC) in my opinion would be the best way to go to start up a business. With the ability of choosing which regime of taxation the business will identify with, protection from liability for the debts accrued by the business, no double taxation on business and member, and having the business counted as a separate entity, LLCs enjoy many of the benefits that corporations do, while being counted as a default partnership where new LLC laws do not cover an issue. Opening a restaurant

Public limited company and private limited company. _ Difference Company is defined as a legal entity which is allowed by legislation and permits a group of people to run a business. Finance is the basic ingredients of a business. Without cash a business can not run.various sources of finance helps a business to grow and to fulfill it’s need of wages, advertising, expansion, payment of interest etc. Different sources of finance are used depending upon their maturity period. To built a company not

State statutes authorize the formation of limited liability companies to operate as unincorporated entities with legal identities separate and distinct from their members. With Wyoming being the first state in the nation in 1977 to recognize LLCs as a legal structure for operating a business, all fifty states now have statutes authorizing LLCs. Characteristics of an LLC Limited liability companies possess characteristics of both partnerships and corporations. Like a partnership, an LLC is a pass-though

Case Analysis: DixieLands Glory, Limited Liability Company Overview of Company Herein will begin with an overview and introduction from personal knowledge of DixieLands Glory, LLC; a small family owned and operated business for the purpose of owning and managing rental properties. The company was initially operated as Warf’s Rentals; in 2003 the business was renamed and incorporated to become DixieLands Glory, LLC. The business is operated from a small office located in the family’s home, which

Sole Proprietorship and Limited Liability Company For the past two years, Acme has been working out of the owner’s garage as a sole proprietorship. Which means there is one entity and there is no separation of the company and the owner. The sole proprietorship and the owner are one and the same meaning the business is not taxed but rather it is the owner’s income. The sole proprietorship is the least expensive to form. This type of entity has disadvantages of the owner being liable for all the

a member run Limited Liability Corporation (LLC). By using this business structure our founding members are able to blend the advantages of a partnership with the advantages of a corporation. This form of business offers our founding members many of the benefits of a sole proprietorship/partnership while reducing the exposure to unlimited liability. Moreover, LLC’s offer many of the advantages of both the closely held forms of business (Sole Proprietorship, Partnerships, and limited partnerships)

which is started in the United States by Mark Zuckerberg with his friends in 2004. The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges, and gradually globalization. In 2012, the fonder of Facebook, Mark Zuckerberg decide to convert the structure of Facebook from private limited company to public limited company. Facebook values shares at ￡24 each, and that its shares would began trading in New York on 18th of May 2012. It is seem that

Executive Summary In Pakistan, the formal process that Private Limited Companies must undergo is dictated by the Companies Ordinance 1984. The documents that need to be submitted along with all the authorization required is outlined in the ordinance. The formulation, conditions, requirements; everything must be adhered to before it can register with the SECP and begin its operations. Depending upon the category of company, approval is take from certain designated ministries or departments. Prior

publicly available unless the partnership has LLP status (Limited Liability Partnership). Disadvantages of partnerships: Partners are jointly liable to all the businesses’ losses and debts unless they have LLP status. The decision-making process will be slow, because all partners have to consent. Partnerships need a solicitor to take care of the legal agreements and issues, which is associated with legal costs. 3. Franchises: It is

start a new as general partnership. The case study deals with presenting the benefits of Limited Liability Company and the reasons that make a limited liability company a better option. For the purpose of this case study a brief insight will be provided on the both the types of business that is the general partnership and the limited liability. Further, the paper will elaborate the benefit that choosing the limited liability option to start business will cater. Analysis of the Case Study