Lex Valorem is a corporate consulting services company offering legal and company secretarial services to corporates during their various growth phases.
The word ‘Business’ means participating in activities which shall give them freedom in the way they go about doing things in an innovative manner.
Ideas may be sprouting in your mind to start with various ideas but before starting a business, you have to register your business as a separate legal entity.
Check out the different types of Business registration In India.
The document defines a company as an artificial legal entity created by law that has a separate legal status, according to legal experts. It lists key characteristics of companies such as perpetual existence, limited liability, and the ability to hold property. The document differentiates companies from partnerships and outlines different types of companies. It distinguishes between public and private companies based on features such as minimum capital, number of members, and ability to issue shares. Examples of companies in different industries are provided. The document concludes with brief details about the founding and history of Google as an example company.
1. A partnership is an agreement between two or more persons to carry out business and share profits/losses mutually. A company is an incorporated artificial person with a separate legal identity.
2. Partnership registration is not compulsory, but a company must be registered.
3. A partnership requires at least two partners, while a company requires at least two members for private and seven for public.
This document discusses different types of business organizations including sole proprietorship, partnership, and limited liability partnership (LLP). It describes the key features of sole proprietorship where one individual owns and manages the business and bears all risks and profits. Partnerships involve two or more individuals jointly owning and managing the business where profits and risks are shared. LLPs provide limited liability to partners similar to a corporation but partners can directly manage the business. The document outlines the merits, limitations, types of partners, and registration process for partnerships.
This document compares companies and partnership firms under Indian law. It notes that companies can have an unlimited number of members, are treated as separate legal entities, limit the liability of members, and provide for continuity of existence even when members retire, become insolvent, or die. In contrast, partnership firms have these characteristics limited and will automatically terminate in certain circumstances unless reconstituted. The document was prepared by Mr. Roshan Dhungel and references information from Google, YouTube, and self-instruction materials.
This document provides an overview of key aspects of the Companies Act of 1956 in India. It discusses the objectives and administration of the Act, defines what constitutes a company, and outlines the key characteristics of companies such as separate legal entity status, limited liability, transferable shares, and more. It also describes the process of forming a company including promotion, incorporation, and commencement of business. Public and private companies are distinguished and partnerships are contrasted with companies.
The document defines partnership as the relation between persons who have agreed to share profits of a business carried on by all or any of them acting for all, according to Section 4 of the Indian Partnership Act, 1932. A partnership is an agreement between competent persons to carry on a lawful business together with a view to make private gain by sharing profits. Key characteristics of a partnership include agreement, lawful business, mutual agency, joint ownership and management, sharing of profits, and dissolution. Partnerships provide benefits like increased capital and resources but also have disadvantages like unlimited liability and risk of disputes. Partnerships are classified based on duration, liability, and registration status.
The word ‘Business’ means participating in activities which shall give them freedom in the way they go about doing things in an innovative manner.
Ideas may be sprouting in your mind to start with various ideas but before starting a business, you have to register your business as a separate legal entity.
Check out the different types of Business registration In India.
The document defines a company as an artificial legal entity created by law that has a separate legal status, according to legal experts. It lists key characteristics of companies such as perpetual existence, limited liability, and the ability to hold property. The document differentiates companies from partnerships and outlines different types of companies. It distinguishes between public and private companies based on features such as minimum capital, number of members, and ability to issue shares. Examples of companies in different industries are provided. The document concludes with brief details about the founding and history of Google as an example company.
1. A partnership is an agreement between two or more persons to carry out business and share profits/losses mutually. A company is an incorporated artificial person with a separate legal identity.
2. Partnership registration is not compulsory, but a company must be registered.
3. A partnership requires at least two partners, while a company requires at least two members for private and seven for public.
This document discusses different types of business organizations including sole proprietorship, partnership, and limited liability partnership (LLP). It describes the key features of sole proprietorship where one individual owns and manages the business and bears all risks and profits. Partnerships involve two or more individuals jointly owning and managing the business where profits and risks are shared. LLPs provide limited liability to partners similar to a corporation but partners can directly manage the business. The document outlines the merits, limitations, types of partners, and registration process for partnerships.
This document compares companies and partnership firms under Indian law. It notes that companies can have an unlimited number of members, are treated as separate legal entities, limit the liability of members, and provide for continuity of existence even when members retire, become insolvent, or die. In contrast, partnership firms have these characteristics limited and will automatically terminate in certain circumstances unless reconstituted. The document was prepared by Mr. Roshan Dhungel and references information from Google, YouTube, and self-instruction materials.
This document provides an overview of key aspects of the Companies Act of 1956 in India. It discusses the objectives and administration of the Act, defines what constitutes a company, and outlines the key characteristics of companies such as separate legal entity status, limited liability, transferable shares, and more. It also describes the process of forming a company including promotion, incorporation, and commencement of business. Public and private companies are distinguished and partnerships are contrasted with companies.
The document defines partnership as the relation between persons who have agreed to share profits of a business carried on by all or any of them acting for all, according to Section 4 of the Indian Partnership Act, 1932. A partnership is an agreement between competent persons to carry on a lawful business together with a view to make private gain by sharing profits. Key characteristics of a partnership include agreement, lawful business, mutual agency, joint ownership and management, sharing of profits, and dissolution. Partnerships provide benefits like increased capital and resources but also have disadvantages like unlimited liability and risk of disputes. Partnerships are classified based on duration, liability, and registration status.
Report on Partnership presented By Nilda Vicente and Marian Alumbro
Copyright laws applicable
For question and permissions to use the presentation
email marianjanealumbro@yahoo.com
just inform us of your name, your school and purpose..thanks!
The document discusses the law of partnership in Pakistan. It defines a partnership as a voluntary association of two or more people who contribute money, property, or skills to carry on a lawful business and share profits and losses. The key characteristics of a partnership include no separate legal entity, agreement between partners, a minimum of two partners, engagement in business, profit sharing, unlimited liability, capital contributions, duties of good faith, management involvement, transferability of interests, and duration. The document also discusses types of partnerships like partnership-at-will and particular partnerships.
The document defines a partnership as a voluntary association between two or more persons who agree to share profits or losses from a business carried on by them. Key features of a partnership include an agreement to form a partnership to carry out a lawful business and share profits, with partners acting as mutual agents able to bind one another through their business dealings. A partnership requires at least two people but no more than 10 for banking or 20 for other businesses.
This document discusses the three main forms of business entities: sole proprietorship, partnership, and corporation. A sole proprietorship consists of one owner who is personally liable for business debts. A partnership involves two or more people who co-own the business according to a legal agreement. A corporation is a legal entity separate from its owners, where shareholders elect a board of directors to manage the company.
What are sole proprietorship? What does it mean when people refer to general partnership, and is it applicable to your business or startup.
Get answers that are specific to your business and concerns and learn from queries and responses given to others based on real life ongoing business challenges.
This document discusses different types of business ownership structures including sole proprietorship, partnership, and joint stock company.
Sole proprietorship refers to a business owned and controlled by one individual who receives all profits and bears all risks. A partnership is a business with 2 to 50 partners who agree to share profits and bear risks according to their contributions. A joint stock company has shareholders as owners and a board of directors as managers, with capital divided into transferable shares and liability limited to share value.
The document outlines key features, merits, and demerits of sole proprietorships, partnerships, and joint stock companies. It also categorizes companies based on mode of incorporation, type of liability, shareholders, and
This document defines partnership and outlines key aspects of partnership law in India. It states that a partnership requires an agreement between 2-20 persons to carry on a lawful business and share profits. A partnership is based on the law of agency, with each partner acting as both an agent and principal of the firm. The document discusses formation of partnerships, tests to determine partnership status, rights and duties of partners, and different types of partners defined under law.
To form a partnership under law, there must be a business, agreement to share profits, and business must be carried on by all or any partners acting for the whole. Partnerships have advantages like ease of establishment and ability to raise funds and attract employees through partnership incentives. However, partnerships also have disadvantages like joint and individual liability for partner actions, need to share profits, potential for disagreements, limitations on size and life of partnership, and requirement for consultation between partners.
The document provides an overview of key concepts related to companies under the Companies Act, including:
- The definition of a company as a voluntary association created by law with a separate legal identity from its members.
- The advantages of incorporating a company such as limited liability, perpetual succession, and the ability to raise capital.
- The distinction between a company and a partnership in terms of legal status, ownership of property, number of members, and liability.
- The process of registering a new company, which involves filing documents like the memorandum of association and articles of association and obtaining a certificate of incorporation.
1) The document discusses different types of business ownership and organization structures including sole proprietorships, partnerships, corporations, and cooperatives. It outlines the key advantages and disadvantages of each.
2) Registering a business involves filing documents and paying fees with agencies like the Department of Trade and Industry, Securities and Exchange Commission, or Cooperative Development Authority depending on the legal structure. Additional permits may be required from local governments.
3) There is no single best form of ownership. Entrepreneurs should evaluate their options based on factors like liability, capital needs, control, and skills.
An Investigation of Practicing Carroll’s Pyramid of Corporate Social Responsi...IOSR Journals
This study has been conducted to explore the present scenario of implementing corporate social responsibility in our garment industry by using Carroll’s (1991) pyramid. Garments sector is one of the most important sectors of industries in our country. Practicing CSR in this industry is very much necessary. This paper aims to investigate that what level of CSR activities are practiced by our garment industry. This study also identifies to what extend Carroll’s (1991) pyramid is understood by the corporate body of our garment industry. In this regard, we take interviews of 50 garments workers and top executives from the areas of Savar, Gazipur, Ashulia and Tongi. At the end of the study, we explore the implications of these findings and suggest actions to practice CSR properly in the Bangladesh garment industry.
This document defines and classifies joint-stock companies according to their incorporation, liability, and number of members. Joint-stock companies issue shares to owners in return for financial contributions, allowing shareholders to transfer ownership by selling shares. Companies are classified as chartered, statutory, or registered based on how they are formed. They are classified as limited by shares, limited by guarantee, or unlimited based on shareholder liability. Finally, companies are private or public based on membership numbers and share ownership.
The document discusses various types of business organizations and international laws governing business. It describes sole proprietorships, partnerships (general and limited), corporations, and subchapter S corporations. It also discusses international organizations like the UN, EU, NAFTA, ASEAN, and WTO that create legal principles and trade rules for businesses operating globally.
Types of Partners, Partnership Merits and Demerits, Partner by Holding out, Parter by estoppel, Registration of Partnership, The difference between a sole proprietorship and Partnership, features of Partnership act 1932, Mutual consent of Partners, Mutual agency
The document discusses various types of business organizations and international laws governing business. It describes sole proprietorships, partnerships (general and limited), corporations, and subchapter S corporations. It also discusses international organizations like the UN, EU, NAFTA, ASEAN, and WTO that create legal principles for global trade. International law governs relationships between countries while private international law addresses business dealings between parties from different nations.
There are three main types of business ownership - private sector, public sector, and cooperative sector. The private sector includes sole proprietorships owned and managed by one person, partnerships owned by two or more partners, joint Hindu undivided families governed by Hindu law, and joint stock companies that issue shares to owners. The public sector includes state-owned enterprises, public corporations, and statutory commissions established by legislation. The cooperative sector includes producer cooperatives that help increase members' production, consumer cooperatives that make goods available at reasonable prices, housing cooperatives that provide residential facilities, and credit cooperatives that provide loans to members.
This document discusses different types of business ownership structures including sole proprietorships, partnerships, joint stock companies, corporations, cooperatives, public sector enterprises, and joint sector enterprises. It provides details on the key characteristics of each type such as capital structure, liability, management, and advantages and disadvantages. Some of the major types discussed are sole proprietorships where one individual owns the business, partnerships where two or more individuals own the business, and joint stock companies where ownership is divided into shares that can be publicly traded.
The document discusses three forms of business ownership: sole traders, partnerships, and companies. As a sole trader, one person owns and operates the business and has unlimited liability. Partnerships involve two or more people carrying on a business together, with joint and several liability. Companies have separate legal identity, perpetual succession, and shareholders have limited liability. The advantages and disadvantages of each form are also compared.
The document discusses the characteristics of a sole proprietorship and partnership. A sole proprietorship is a business owned and run by one individual who is solely responsible for the profits or losses. A partnership is an association of two or more people who agree to share the profits of a business they carry out together, with each partner acting as an agent of the business and having unlimited liability.
Este documento proporciona una introducción a Google Drive, incluyendo cómo registrarse, crear carpetas y documentos, editar documentos, subir archivos y compartir archivos. Google Drive es un servicio gratuito de almacenamiento en la nube de Google que permite crear, editar y compartir documentos, hojas de cálculo y presentaciones desde cualquier dispositivo con acceso a Internet.
Este documento anuncia um torneio de atletismo que irá ocorrer nos dias 24 e 25 de Março de 2012 na cidade de Coimbra, Portugal. O torneio inclui várias provas de corrida e lançamentos para diferentes escalões etários masculinos e femininos. As inscrições devem ser enviadas até 20 de Março de 2012. Medalhas serão dadas aos vencedores de cada prova/escalão/sexo.
Report on Partnership presented By Nilda Vicente and Marian Alumbro
Copyright laws applicable
For question and permissions to use the presentation
email marianjanealumbro@yahoo.com
just inform us of your name, your school and purpose..thanks!
The document discusses the law of partnership in Pakistan. It defines a partnership as a voluntary association of two or more people who contribute money, property, or skills to carry on a lawful business and share profits and losses. The key characteristics of a partnership include no separate legal entity, agreement between partners, a minimum of two partners, engagement in business, profit sharing, unlimited liability, capital contributions, duties of good faith, management involvement, transferability of interests, and duration. The document also discusses types of partnerships like partnership-at-will and particular partnerships.
The document defines a partnership as a voluntary association between two or more persons who agree to share profits or losses from a business carried on by them. Key features of a partnership include an agreement to form a partnership to carry out a lawful business and share profits, with partners acting as mutual agents able to bind one another through their business dealings. A partnership requires at least two people but no more than 10 for banking or 20 for other businesses.
This document discusses the three main forms of business entities: sole proprietorship, partnership, and corporation. A sole proprietorship consists of one owner who is personally liable for business debts. A partnership involves two or more people who co-own the business according to a legal agreement. A corporation is a legal entity separate from its owners, where shareholders elect a board of directors to manage the company.
What are sole proprietorship? What does it mean when people refer to general partnership, and is it applicable to your business or startup.
Get answers that are specific to your business and concerns and learn from queries and responses given to others based on real life ongoing business challenges.
This document discusses different types of business ownership structures including sole proprietorship, partnership, and joint stock company.
Sole proprietorship refers to a business owned and controlled by one individual who receives all profits and bears all risks. A partnership is a business with 2 to 50 partners who agree to share profits and bear risks according to their contributions. A joint stock company has shareholders as owners and a board of directors as managers, with capital divided into transferable shares and liability limited to share value.
The document outlines key features, merits, and demerits of sole proprietorships, partnerships, and joint stock companies. It also categorizes companies based on mode of incorporation, type of liability, shareholders, and
This document defines partnership and outlines key aspects of partnership law in India. It states that a partnership requires an agreement between 2-20 persons to carry on a lawful business and share profits. A partnership is based on the law of agency, with each partner acting as both an agent and principal of the firm. The document discusses formation of partnerships, tests to determine partnership status, rights and duties of partners, and different types of partners defined under law.
To form a partnership under law, there must be a business, agreement to share profits, and business must be carried on by all or any partners acting for the whole. Partnerships have advantages like ease of establishment and ability to raise funds and attract employees through partnership incentives. However, partnerships also have disadvantages like joint and individual liability for partner actions, need to share profits, potential for disagreements, limitations on size and life of partnership, and requirement for consultation between partners.
The document provides an overview of key concepts related to companies under the Companies Act, including:
- The definition of a company as a voluntary association created by law with a separate legal identity from its members.
- The advantages of incorporating a company such as limited liability, perpetual succession, and the ability to raise capital.
- The distinction between a company and a partnership in terms of legal status, ownership of property, number of members, and liability.
- The process of registering a new company, which involves filing documents like the memorandum of association and articles of association and obtaining a certificate of incorporation.
1) The document discusses different types of business ownership and organization structures including sole proprietorships, partnerships, corporations, and cooperatives. It outlines the key advantages and disadvantages of each.
2) Registering a business involves filing documents and paying fees with agencies like the Department of Trade and Industry, Securities and Exchange Commission, or Cooperative Development Authority depending on the legal structure. Additional permits may be required from local governments.
3) There is no single best form of ownership. Entrepreneurs should evaluate their options based on factors like liability, capital needs, control, and skills.
An Investigation of Practicing Carroll’s Pyramid of Corporate Social Responsi...IOSR Journals
This study has been conducted to explore the present scenario of implementing corporate social responsibility in our garment industry by using Carroll’s (1991) pyramid. Garments sector is one of the most important sectors of industries in our country. Practicing CSR in this industry is very much necessary. This paper aims to investigate that what level of CSR activities are practiced by our garment industry. This study also identifies to what extend Carroll’s (1991) pyramid is understood by the corporate body of our garment industry. In this regard, we take interviews of 50 garments workers and top executives from the areas of Savar, Gazipur, Ashulia and Tongi. At the end of the study, we explore the implications of these findings and suggest actions to practice CSR properly in the Bangladesh garment industry.
This document defines and classifies joint-stock companies according to their incorporation, liability, and number of members. Joint-stock companies issue shares to owners in return for financial contributions, allowing shareholders to transfer ownership by selling shares. Companies are classified as chartered, statutory, or registered based on how they are formed. They are classified as limited by shares, limited by guarantee, or unlimited based on shareholder liability. Finally, companies are private or public based on membership numbers and share ownership.
The document discusses various types of business organizations and international laws governing business. It describes sole proprietorships, partnerships (general and limited), corporations, and subchapter S corporations. It also discusses international organizations like the UN, EU, NAFTA, ASEAN, and WTO that create legal principles and trade rules for businesses operating globally.
Types of Partners, Partnership Merits and Demerits, Partner by Holding out, Parter by estoppel, Registration of Partnership, The difference between a sole proprietorship and Partnership, features of Partnership act 1932, Mutual consent of Partners, Mutual agency
The document discusses various types of business organizations and international laws governing business. It describes sole proprietorships, partnerships (general and limited), corporations, and subchapter S corporations. It also discusses international organizations like the UN, EU, NAFTA, ASEAN, and WTO that create legal principles for global trade. International law governs relationships between countries while private international law addresses business dealings between parties from different nations.
There are three main types of business ownership - private sector, public sector, and cooperative sector. The private sector includes sole proprietorships owned and managed by one person, partnerships owned by two or more partners, joint Hindu undivided families governed by Hindu law, and joint stock companies that issue shares to owners. The public sector includes state-owned enterprises, public corporations, and statutory commissions established by legislation. The cooperative sector includes producer cooperatives that help increase members' production, consumer cooperatives that make goods available at reasonable prices, housing cooperatives that provide residential facilities, and credit cooperatives that provide loans to members.
This document discusses different types of business ownership structures including sole proprietorships, partnerships, joint stock companies, corporations, cooperatives, public sector enterprises, and joint sector enterprises. It provides details on the key characteristics of each type such as capital structure, liability, management, and advantages and disadvantages. Some of the major types discussed are sole proprietorships where one individual owns the business, partnerships where two or more individuals own the business, and joint stock companies where ownership is divided into shares that can be publicly traded.
The document discusses three forms of business ownership: sole traders, partnerships, and companies. As a sole trader, one person owns and operates the business and has unlimited liability. Partnerships involve two or more people carrying on a business together, with joint and several liability. Companies have separate legal identity, perpetual succession, and shareholders have limited liability. The advantages and disadvantages of each form are also compared.
The document discusses the characteristics of a sole proprietorship and partnership. A sole proprietorship is a business owned and run by one individual who is solely responsible for the profits or losses. A partnership is an association of two or more people who agree to share the profits of a business they carry out together, with each partner acting as an agent of the business and having unlimited liability.
Este documento proporciona una introducción a Google Drive, incluyendo cómo registrarse, crear carpetas y documentos, editar documentos, subir archivos y compartir archivos. Google Drive es un servicio gratuito de almacenamiento en la nube de Google que permite crear, editar y compartir documentos, hojas de cálculo y presentaciones desde cualquier dispositivo con acceso a Internet.
Este documento anuncia um torneio de atletismo que irá ocorrer nos dias 24 e 25 de Março de 2012 na cidade de Coimbra, Portugal. O torneio inclui várias provas de corrida e lançamentos para diferentes escalões etários masculinos e femininos. As inscrições devem ser enviadas até 20 de Março de 2012. Medalhas serão dadas aos vencedores de cada prova/escalão/sexo.
The document presents three images labeled "Beautician", "Indigenous Person", and "Teacher" and asks "What Do You See?". Below is text that says "More Than Meets The Eye" and provides a website for fighting racism. It also advertises the 10th anniversary of the Durban Declaration to fight racism and intolerance with a United Nations website.
Kommunale Mandatsträger müssen heute über Projekte entscheiden, deren Auswirkungen oft weit entfernt in der
Zukunft liegen. Doch ohne belastbare Entwicklungsszenarien fällt ein abschließendes Urteil schwer. Komplexe Zusammenhänge sowie die Berücksichtigung des öffentlichen Interesses erfordern daher einen Ansatz, der die zu erwartenden Kosten und den Nutzen einer Investition langfristig in Zahlen darstellt. Dadurch wird die Abwägung, wann und unter welchen Umständen eine Investition sinnvoll ist, deutlich vereinfacht.
Die weyer gruppe berät Kommunen in den Bereichen Siedlungsentwicklung, Energie, Abfallwirtschaft und Klimaschutz. Durch integrierte Handlungskonzepte und Kosten-Nutzen-Analysen begleiten wir Kommunen im gesamten Planungsund Umsetzungsprozess von Projekten. Informieren Sie sich auch auf unserer Website www.kommunalnutzen.de.
Viel Spass beim Lesen!
The standard religion is to set your face steadily and truly to the faith by establishing Allah's handiwork according to the pattern on which He has made mankind, with no change in what Allah has wrought. Most people do not understand this.
La Junta de Andalucía apoya la reapertura de la mina de Riotinto por Emed Tartessus siempre que cuente con todos los permisos legales necesarios desde el punto de vista minero y medioambiental. La Junta trabaja con la empresa para facilitar los trámites, pero el proceso es complejo debido a los intereses contrapuestos. La documentación presentada hasta ahora ha sido insuficiente y se espera que la empresa entregue nueva información sobre viabilidad técnica y económica entre octubre de 2011 y febrero de 2012. Actualmente
Este documento presenta las principales estrategias para la enseñanza y el aprendizaje del lenguaje en la educación parvularia. Propone desarrollar habilidades lingüísticas y comunicativas a través del lenguaje oral y escrito. También enfatiza la importancia del acompañamiento docente y presenta bloques temáticos como la conversación, narración, descripción e instrucción para trabajar las macrodestrezas del lenguaje.
Este documento discute o bullying, definindo-o como atos intencionais e repetidos de violência física ou psicológica praticados por um indivíduo ou grupo para intimidar outra pessoa incapaz de se defender. Ele lista formas de bullying, características comuns de vítimas, e exemplos de famosos que também foram vítimas, incluindo as experiências de Victoria Beckham, Christian Bale e Michael Phelps. Finalmente, discute as consequências do bullying e o que as vítimas podem fazer.
Este documento presenta un resumen de los primeros 6 capítulos de un libro. Narra la historia de Robert, un chico que no le gustaban las matemáticas, hasta que empieza a tener sueños recurrentes con un anciano llamado el Diablo de los Números. En sus sueños, el Diablo le explica conceptos matemáticos que Robert va entendiendo y aprendiendo, a pesar de las explicaciones rápidas. Tras varias noches de sueños, Robert descubre más sobre las matemáticas y empieza a comprenderlas y gustarle.
1) O cão chamado Táxi foi abandonado pelos seus donos quando cresceu de tamanho.
2) Táxi foi rejeitado várias vezes quando respondia aos chamamentos de "Táxi".
3) Táxi acabou por ser acolhido pelos motoristas de táxis numa praça de táxis.
El documento habla sobre investigación, lluvias de ideas y educación ambiental. Explica que una idea es la representación mental de un objeto, y que una lluvia de ideas es una técnica grupal para generar nuevas ideas de manera libre y participativa. También define la investigación como un proceso sistemático para responder preguntas y aumentar el conocimiento. Finalmente, define la educación ambiental como un proceso dinámico para desarrollar conciencia sobre problemas ambientales y promover una relación armónica entre el medio ambiente y las personas.
Este documento presenta los objetivos generales y específicos de comprender el desarrollo histórico de la administración y las principales escuelas teóricas de administración, así como elevar el nivel cultural conociendo doctrinas sociológicas e incrementar el conocimiento de los fundadores de las escuelas de administración.
Este documento resume el libro "El hombre que calculaba" en 34 capítulos. Narra las aventuras matemáticas de Beremiz mientras resuelve problemas para diferentes personas en la ciudad de Bagdad, incluyendo al visir Maluf y al príncipe. Finalmente, Beremiz debe pasar una prueba ante 7 sabios para ganar la mano de Telassim en matrimonio.
This document provides production details for the shoot of the film "Don't Look Back In Sadness" including contact information for the production company, studio location and notes, and a call sheet listing the cast and their roles. The shoot is taking place over one day in Danson Park in Bexleyheath, Kent and is being produced, written and directed by Amy Holmes and Georgina Saunders of Amy&Georgina Media.
The vSHOOTER VBS1T is a totally new concept in vibration monitoring and analysis. This new modern concept consists of creating automatically Machine Condition Pictures ( MCP) which can be saved and uploaded to a PC into a report with detailed vibration data (unbalance, bearing, shock, lubrication, alignment, foundation, etc,..)
With an MCP you see immediately the condition of the machine. After having done the second MCP on the same machine you’ll be able to follow the machine condition evolution on a trending curve.
Take a photo, do the measurements and get the MCP (Machine Condition Picture) to see the machine condition at a glance. Quick, easy to use, with automatic auto diagnosis system for beginners and experts.
Sole proprietorship refers to a business owned and controlled exclusively by one person. An example is provided of Gopal running a grocery shop as a sole proprietorship. Key characteristics include single ownership, unlimited liability of the proprietor, and no separation of ownership and management. Advantages include easy formation and flexibility, while disadvantages include limited resources and lack of continuity upon the proprietor's death. Sole proprietorships are best suited for small, localized businesses requiring minimal capital.
Partnership refers to an association of two or more persons who pool resources to carry on business jointly. An example is provided of Gopal partnering with Rahim to open a grocery store. Key characteristics include shared profits/losses,
Forms of doing business in India – An Opportunity to achieve DreamsComplianceShip
This Power point Presentation contains the complete information regarding Form of Business available in India. it provide the details of more than 5 form of doing business in india i.e. Proprietorship, Partnership, LLP (Limited Liability Partnership), Societies, Company i.e. One Person Company, Private Limited Company, Public Limited Company
1. Sole proprietorship
2. Joint Hindu family business
3. Partnership
4. Joint-stock Company
5. Cooperative Societies
Sole Proprietorship
It is a form of organisation owned, managed and controlled by an individual (also known as a sole proprietor) who is responsible for bearing all the risk and receiving all the profit.
Features
• The sole proprietor can establish and close the business without any legal formalities.
• The liability of the sole proprietor is unlimited.
• Being the sole owner, the sole proprietor bears all the risk and receives all the profits.
• All the decisions are taken and implemented in the organisation by the owner.
• Owners and businesses have no separate entity and are considered one in the eyes of the law.
• Even in case of a lack of business continuity, the business can continue until the owner wants.
Advantages
• Prompt decision-making as all the decisions are to be taken by the owner.
• Being a sole owner, it is easy to maintain business secrecy.
• The owner enjoys all the profits as there is no one to share profits.
• A successful business provides satisfaction to the owner and a sense of achievement.
• No legal formalities are required for a business’s formation and closure, making it easy to start and end the business.
Disadvantages
• Due to limited resources, a business can be funded from the owner’s savings or money borrowed from friends or relatives.
• The business’s continuity depends on the owner’s health and state of mind.
• If the business fails to repay debts, the sole proprietor’s personal assets are at risk.
• One person may not possess the ability to manage all the functions.
Joint Hindu Family Business
In this form of business organisation, the business is owned and managed by the members of an undivided Hindu family, with the possibility of three successive generations as members of the business.
Features
• The business is formed with at least two members of a Hindu Undivided Family having ancestral property. The Hindu Succession Act, 1956, governs it.
• Except for Karta, all the family members have limited liability up to their share in the business property.
• Karta has the right to control all the activities in the business organisation.
• The business can be discontinued based on the consent of all the members of the family.
• Membership in the organisation is by birth.
Advantages
• Karta has complete control of the business, thus effective decision-making is ensured.
• The business continues till all the members wish to continue, and control is transferred to the next elder member in case of the death of ‘Karta’.
• Members of the family enjoy liability limited to their share in the business party.
• All the work is done with the common objective of growth as the family members have a sense of belongingness and loyalty.
Limitations
• Due to limited financial resources, businesses can be funded mainly from ancestral property.
This document discusses different forms of business organizations including sole proprietorship, joint Hindu family business, partnership, joint stock company, cooperative societies, holding and subsidiary companies, and international organizations. It provides details on the key features, advantages, and disadvantages of each form. Sole proprietorship is owned by an individual, while partnership involves two or more owners. A joint stock company has a separate legal identity from its owners. Cooperative societies are formed by individuals with common interests.
This document discusses different forms of business organization including sole proprietorship, partnership, and joint stock companies. It provides details on their key characteristics, features, advantages, and disadvantages. The forms of business organization covered are based on ownership, liability, public interest, and controlling interest. The document also describes the process of incorporating a joint stock company including obtaining certificates of incorporation and commencement of business.
This document provides information on different forms of business organizations in India. It discusses sole proprietorship, joint Hindu family business, partnership, cooperative society, and joint stock company. For each type of organization, it outlines their key characteristics, advantages, and disadvantages. The document aims to increase awareness of various business structures in the private and public sectors in India.
This document provides information on different forms of business organizations in India. It discusses sole proprietorship, joint Hindu family business, partnership, cooperative society and joint stock company. For each type of organization, it outlines their key characteristics, advantages and disadvantages. Sole proprietorship is owned by a single person and has unlimited liability but easy formation. Partnership has more than one owner but also unlimited liability. Cooperative society is formed for mutual benefit rather than profit. A joint stock company has the largest scale of operations but more legal compliance requirements.
This document discusses different forms of business organizations, including sole proprietorship, joint Hindu family business, partnership, cooperative society, and joint stock company. It provides details on the characteristics, advantages, and disadvantages of sole proprietorship businesses. Key points include that a sole proprietorship is owned and managed by one individual, who has unlimited liability but also full control over the business. Advantages include easy formation and quick decision making, while disadvantages include limited capital and risk of losses.
Any enterprise or business should register legally under the Organizations Act of 2013. There are six common types of company registration in India. Because of a few choices, picking the right one for the company registration.
Types of various business Organizations, includes Sole Proprietor, Partnership, Societies, Joint Stock Companies, Hindu Undivided Family Business in India
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The document discusses different forms of business organization including sole proprietorships, partnerships, and joint stock companies. It focuses on sole proprietorships and partnerships. For sole proprietorships, it describes their key characteristics such as single ownership, unlimited liability, and one-man control. It then outlines the merits like easy formation and flexibility, and demerits including limited resources and lack of continuity. For partnerships, it defines them as associations of two or more people who pool resources to carry on business and share profits. It describes types of partnerships and partners.
1) A sole proprietorship is recommended if an individual has a small amount of capital and wants full control and authority over their business. It also allows them to keep business matters private without sharing information.
2) Personal assets can be affected if losses are incurred in a sole proprietorship or partnership as they are liable to creditors, whereas in a company the shareholders' assets are separate from the company's.
3) Other forms of business ownership include general and limited partnerships, private limited companies, and public limited companies, each with different liability implications for owners.
This document discusses different types of businesses and factors to consider when deciding what type to launch. It describes sole proprietorships, partnerships, limited partnerships, corporations, limited liability companies, non-profit organizations, and cooperatives. Sole proprietorships are the simplest, while corporations are more complex. Limited liability companies are now very common for online businesses as they provide liability protection but fewer legal requirements than corporations. The document advises considering business needs, funding sources, and legal structure when choosing a business type to match different situations.
As everyone is already aware, registration of a new company is crucial to the Companies Act of 2013. Depending on what best fits his needs, an individual can register their company under one of three categories: Private Limited, Limited Liability, or One Person Company. What makes company registration crucial? This a query that everyone ought to know! For the sake of authenticity, that is. There are different types of registration company.
Company Law: Defination , Types , Incorporation, Chages from Pvt to Public.pptxDipankar Dutta
Subject Name: Company Law
BBA 4th Sem ( Sri Dev Summan Uiversity, Uttarakhand)
Unit 1: • Introduction : Evolution of India Companies Act, 1956, Meaning and Characteristics of Company, Definition of a Company Under the Company Act, 1956, Type of Company difference a Company and Other Associations of Person. Promotion of a Company : Availability of Names, Duties and Liabilities of Promoters.
This document provides an overview of laws governing business organizations in Indonesia. It discusses the main types of business entities recognized in Indonesia, including sole proprietorships, partnerships, corporations, and joint ventures. For each type of business entity, the document outlines how they are formed, governed, and their basic legal characteristics such as limited liability and ownership. It also discusses the process for setting up a business and company in Indonesia, as well as relevant regulations regarding foreign ownership of Indonesian businesses.
Forms of business ownership each have pros and cons that must be evaluated. The key forms are sole proprietorships, partnerships, and corporations. A sole proprietorship is a business owned and managed by one individual who is responsible for all aspects of the business and retains all profits but also bears all risks. A partnership is a business owned by two or more individuals who combine their skills and capital. Partnerships have more capital but profits and liability are shared. A corporation is a legal entity owned by shareholders with transferable shares of ownership. It can raise large amounts of capital through stock sales but profits pass through to shareholders.
This document provides information on different forms of business organization in India. It discusses sole proprietorship, joint Hindu family business, and partnership. For each type of business, it describes their key features, merits, and demerits. Sole proprietorship is owned and controlled by one individual who bears all risks and profits. A joint Hindu family business is governed by Hindu law and controlled by the eldest member. Partnership requires at least two owners who share profits, losses, risks and control of the business.
Sole proprietorships and partnerships are two forms of business organization. A sole proprietorship is owned and run by one individual, while a partnership involves two or more individuals who agree to share profits and losses. Some key differences are that sole proprietorships have unlimited liability for the owner, while partnerships share liability among partners. Partnerships also allow for more capital investment and decision making requires agreement between partners. Overall partnerships provide benefits of more people contributing resources but require agreement among members.
The document discusses the importance of having a well-designed chart of accounts for a business. It explains that a chart of accounts is a list of accounts that segregates assets, liabilities, income, and expenses. The chart of accounts is unique to each business and should be structured logically based on the business's data sorting requirements and software. A well-designed chart of accounts provides reliable financial reporting, prepares management reports for decision making, and ensures compliance.
1. After incorporation, a company must apply for a Permanent Account Number and hold its first board meeting to address various matters.
2. For non-resident investors, remittance of subscription amounts must be routed through an authorized dealer bank and reported to the RBI within 30 days with documents like an inward remittance certificate.
3. The company must allot shares to promoters through a board resolution within 180 days of receiving funds and report the allotment to RBI within 30 more days. Compliance with foreign exchange regulations is important for future capital transactions.
The document discusses the key steps and requirements for forming a private limited company in India. It addresses common questions like which forms need to be filed, the significance of registering an office, applicable stamp duties, and what a certificate of incorporation represents. Additional compliance is required if non-residents incorporate the company, including obtaining necessary approvals and having documents notarized and attested. Overall, the process of starting a company in India involves various registrations and filings that must adhere to the country's company law.
The document discusses guidelines for choosing a company name in India as per the Ministry of Corporate Affairs. [1] Names must be distinct from existing company names. [2] The name approval process can be done online and is automatic if certified by a practicing professional. [3] Approved names are valid for 60 days, extendable by 30 days upon reapplication and payment of fees.
This document addresses common questions (FAQs) about forming a private limited company in India. [1] It discusses requirements like obtaining a Digital Signature Certificate and Directors Identification Number. [2] It explains concepts like authorized share capital, which determines filing fees, and paid up capital, determined by business needs. [3] Minimum requirements include 2 directors, 2 shareholders, a Memorandum of Association describing the company's objectives, and Articles of Association establishing rules.
This article compares key aspects of companies and limited liability partnerships (LLPs) as forms of business organization in India. Some differences highlighted are that companies are regulated by the Companies Act while LLPs are regulated by the LLP Act. Companies must have a minimum of 2 members while LLPs require a minimum of 2 designated partners. Tax rates are slightly higher for companies at 32.445% compared to 30.9% for LLPs. Audit of accounts is mandatory for companies with turnover over Rs. 40 lakh but only for LLPs with turnover over Rs. 40 lakh or contributions over Rs. 25 lakh.
This document discusses various statutory registrations required for sole proprietorships and partnerships in India. It outlines key registrations including: PAN (permanent account number), TAN (tax deduction and collection account number), VAT/CST (value added tax/central sales tax), professional tax, IEC code (import-export code), central excise, and service tax. The registrations are required under various acts and apply to businesses based on factors like location, turnover amount, goods/services offered. The overview is meant to guide entrepreneurs but not provide legal advice, as professionals should be consulted on compliance with the specific rules.
The Served From India Scheme (SFIS) provides duty credit scrips to Indian service providers equivalent to 10% of their free foreign exchange earnings from export of eligible services. Eligible services include a wide range of business, financial, health, tourism and other services. Service providers must have minimum annual foreign exchange earnings of Rs. 10 lakhs to qualify. Duty credit scrips can be used for import of capital goods, office equipment, and consumables related to the service business. The scheme aims to promote growth in export of services from India.
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Entrepreneur's World #1
1. #1
To any entrepreneur….
“If you want to do it, do it now. If you don’t, you’re going to regret it.”
“You could have a million ideas, but they’re all worthless if you don’t get them
done”.
The power of ideas must translate into power of action. An entrepreneur needs to
make the right choice at every step. As Zig Ziglar says “Every choice you make has
an end result”. It begins with what kind of legal form of business you choose to
undertake the entrepreneurial activity.
The Lex Valorem team salutes the entrepreneurial spirit in you and attempts to equip
you with the right kind of information, insight and inspiration.
This article covers the basics of various types of organizations available to the
entrepreneur to commence his/her business. Forthcoming issues will delve deeper into
the subject.
VARIOUS FORMS OF BUSINESS ORGANIZATIONS IN INDIA
A business can be set up in several forms. Each form of organization has its own merits
and demerits. The ultimate choice of the form of organization depends upon the
balancing of the advantages and disadvantages of the various forms. The right choice of
the form of organization is very crucial because it determines the power, control, risk,
responsibility and operational flexibility of the entrepreneur as well as the division of
profits and losses. Being a strategic decision the choice of the form of organization
should be made after considerable thought and deliberation. The different forms of
business setups can be briefly examined as below:
Forms
of
Organization
Sole Partnership Company Limited Liability
Proprietorship Partnership
SOLE PROPRIETORSHIP
Any person who is competent to enter into a contract can start this form of business. The
business is fully owned by an individual who runs the show, may be with the help of
family members or relatives or by employing one or more persons to assist. Legally
2. #1
there is no distinction between the Proprietor and the business which is the least
regulated among all the forms. Sole proprietorship does not require any specific
registration with any authority to commence business. Tax and labour registrations
required will be dealt with later.
PARTNERSHIP
The Indian Partnership Act, 1932 defines partnership as “the relation between two or
more persons who have agreed to share profits of a business, carried on by all or any of
them acting for all.”
In order to form a partnership concern a minimum of 2 persons who are willing to share
the profits of business in necessary. The maximum is 20. One or all of them can be the
working partner. Registration of partnership is not mandatory but it does come with
certain advantages. Referred to as a partnership firm or simply a firm it has no
separate legal identity from its partners. A large proportion of business in India is carried
on in this mode which enjoys great flexibility and ease of operation. However it suffers
from certain disadvantages which propels entrepreneurs to look for other options.
COMPANY
It is said that “men may come and men may go, but the company goes on forever”.
A Company is an artificial person created under law, having perpetual succession which
means the management and ownership may change but the entity as such will continue
to be alive until it is legally extinguished. The owners or the shareholders of the
Company are different from the Company itself and this results in certain advantages as
well as disadvantages to the business. In India at least 2 persons - individuals or
Companies are required to form a Company, since the concept of one man company is
yet to become law.
LIMITED LIABILITY PARTNERSHIP
Limited Liability Partnership took its baby steps in India in the year 2009 when the
Limited Liability Partnership Act was enacted.
As the name suggests, the liability of the partners is limited to the partner’s capital
contribution as in the case of a Company’s share holders. With no ceiling on the number
of partners that can come together to form an LLP, this form of business provides the
internal flexibility of a partnership i.e. allowing the partners to adopt whatever form of
internal organization they prefer with little or no regulation by the authorities. An LLP
enjoys the best of both the worlds - limited liability of a Company as well as flexibility in
operations of a partnership firm.
“You were born to win, but to be a winner, you must plan to win, prepare to win,
and expect to win”