Types of companies

The Act proscribes the type of activities debt collectors may undertake and requires certain disclosures to consumers. In the past, compliance by community association practitioners was viewed as voluntary. Today, compliance by attorney debt collectors is mandatory under law. With the exception of those management companies obligated to comply with the Act in particular jurisdictions, most management companies are considered to be agents of the association for whom

1. Sole Proprietorship Single proprietorship is the simplest form of organization in most of the countries in the world. Unlike other forms of entity, it is usually not governed by special laws. A proprietorship is a type of business entity which legally has no separate existence from its owner. Hence, the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. The single proprietor has

Introduction There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows: The Sole Trader The partnership The Private Limited Company (LTD) The Public Limited Company (PLC) Sole trader A sole trader is an organisation, which is owned by one person. The assets and liabilities of

personal liability exposure matrix then compare and contrast the personal liability exposure of an owner of each type of business (sole proprietorship, general partnership, limited partnership, corporation, and limited liability corporation). This paper will also analyze how to limit the personal liability exposure of the owner of five separate business structures. The following five types of business organizational structures are covered; sole proprietorship, general partnership, Limited Partnership

owned by an individual or have more than one owner and can also be a public limited company. Entrepreneurship is when an individual decides to build a company or business in order to make profit. For example Bill Gates is the co-founder of Microsoft. He is one of the best known entrepreneurs in the world. There are different types of business which consist on their size, ownership, scale and sector. The types of businesses according to size are micro, small, medium and large business. Sizes of

MEANING OF A LIMITED PARTNERSHIP There are two types of partnerships one of them being limited partnership. Limited partnership is a type of partnership in which at the minimum one of the owners of a business is a limited partner and at least one of the other partners has limited liability, that is, he/she is a limited partner. Unlike general partners who are involved in every aspect of the business from making day to day business decisions to being personally responsible for all the debts of the

because farming is an expensive industry to be in because all of the equipment is so expensive. We will work with the county’s Farm Service Agency to try to get low interest loans from the government on our equipment. We will have to resister the company name and also get a state and local tax ID number for tax purposes. A sole proprietorship is the simplest

The word “stakeholder” has been frequently used to refer to a person or organization which has close financial relationship with company or enterprise, since 1990s. Stakeholder could include its owners, staff, shareholders who are internal stakeholder, and external stakeholder, for example, community, the government, and competitors. In this essay, “stakeholder” will include not everyone to whom it may have a payoff (Bourne, 2007). If an entity is owned and operate by an individual and there is no

consider operating as one of the following business structures, an ordinary partnership, limited liability partnership or a limited company. At the moment the dressmaking business is being run on a fairly small scale out of Mrs Needle’s home, therefore I would not recommend at this stage the business being run as a limited company. This is because as a limited company you are expected to pay corporation tax, in addition to this Mrs Needle and her partners will still be required to pay income tax from

Worksheet on Limited Liability Companies, Limited Partnerships and Limited Liability Partnerships Nolo Press is a publisher of numerous self-help law books. It has a web site and publications with information on various business topics. You can find basic information on a wide variety of legal topics at its online Legal Encyclopedia. Go to the www.nolo.com website. Scroll down the page, read through the sections and explore some of the links. Then answer questions 1-3. 1. Is it difficult