When starting out in business one of the most important decisions to be made is identifying what type of business structure is most relevant to your needs.
This presentation was done by Myers, Fletcher & Gordon at the International Reggae Studies Conference 2010. It focuses on the different company structures and what is required.
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
What is the best business structure for my business? This useful brief has been put together by Natasha at ND Accounting and taxation services, servicing wollongong, warrawong, shellharbour in the Illawarra.
This presentation was done by Myers, Fletcher & Gordon at the International Reggae Studies Conference 2010. It focuses on the different company structures and what is required.
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
What is the best business structure for my business? This useful brief has been put together by Natasha at ND Accounting and taxation services, servicing wollongong, warrawong, shellharbour in the Illawarra.
Organizational Types for Small Businesses with Evelyn RitchiePeopleFund
In this session, you will learn the pros and cons of different business structures. Participants will become familiar with the common types of business formations and what structure will work best for their business.
Partnership is a type of business organization in which two or more individuals pool money, skills, and
other resources, and share profit and loss in
accordance with terms of the partnership agreement.
http://www.unitedworld.edu.in/
What is LLC?
A limited Liability Company profoundly known as LLC is important as it provides a business structure that offers limited liability protection and also pass-through taxation. The LLC exists as a separate unit from its owners so the owners are not held accountable for any kind of business debt and liability.
Benefits of having LLC:
As compared to a general partnership LLC benefits a business to have limited liability, flexible partnership, shareholders are the managers, pass-through taxation, heightened credibility, limited compliance requirements, owner-pleased income distribution, and also helps in keeping records and costs.
Organizational Types for Small Businesses with Evelyn RitchiePeopleFund
In this session, you will learn the pros and cons of different business structures. Participants will become familiar with the common types of business formations and what structure will work best for their business.
Partnership is a type of business organization in which two or more individuals pool money, skills, and
other resources, and share profit and loss in
accordance with terms of the partnership agreement.
http://www.unitedworld.edu.in/
What is LLC?
A limited Liability Company profoundly known as LLC is important as it provides a business structure that offers limited liability protection and also pass-through taxation. The LLC exists as a separate unit from its owners so the owners are not held accountable for any kind of business debt and liability.
Benefits of having LLC:
As compared to a general partnership LLC benefits a business to have limited liability, flexible partnership, shareholders are the managers, pass-through taxation, heightened credibility, limited compliance requirements, owner-pleased income distribution, and also helps in keeping records and costs.
1Business Structure and Financial Statem.docxdrennanmicah
1
Business Structure and Financial Statements
Business Structure and Financial Statements
If you want to be your own boss and grow in the business world, then opening a business would be the best option. Anyone can choose to do this, but everyone involved must know there options and the essential documentation needed. The person selecting to pursue opening a business would want to go through some of the disadvantages and advantages of each type of structure they could choose. The options include sole proprietorship, partnership, LLC, and corporations. Once a person has selected the right structure for there business then it is essential to know how to operate it legally through proper documentation. Financial statements are needed for record keeping for the company to track their assets, financial ability, income and more.
Advantages and Disadvantages of Legal Categories
Business structure is a general word that is used to describe groups of organizations which are legally registered under law following a given jurisdiction and characterized legally under certain category to conduct commercial activities (Rogers, 2012). There are several business structures which operate under law to carry our business activities to satisfy the demand and supply of goods and services for consumers. The most common business types are sole proprietorship, partnerships, corporations and limited liability companies (Garzon, 2014).
Every type of business structures has their advantages and disadvantages. The two simplest are Sole Proprietorship and Partnerships. Sole Proprietorship is when you plan to operate the business alone. Advantages to this are that it is low cost and has little legal requirement to start it up. There are also simple taxes at the end of the year. The disadvantages of this are that you are reliable for everything and work alone. There are no protections to personal assets, so if there is significant debt that will not be able to be paid back, lenders can come back and take everything. A Partnership is an arrangement between two parties that states they are co owners of the business. Some advantages to this that there are no legal formalities and no business taxes. Also, it can be less stressful as you have a partner to collaborate with ideas and business plans. There is also combined capital when starting up which can be very helpful. Some disadvantages can include the share of profits, more liabilities, the risk of joint responsibilities and delay in decision making. There also is the possibility of disagreement to different elements like person work ethic, personality, and how they would run the business.
The more advanced business structures are Partnerships and Limited Liability Corporations(LLC). Corporations has more advantages than disadvantages because it is a fully functioned business organization that has many workers. There is no liability to the employee except everyone must comply to all policies and guidelines.
How to choose the right structure for your businessJames Price
JPAbusiness guest contributor and management accountant Richard Cummins from Cummins Business Consulting examines the tax and asset protection implications of different business structures.
Business Entities: classify, understand, choose, and manage.Berkman Solutions
Business entities are essential for starting, managing, and growing your business. This guides to business entities covers every major type, core concepts, criteria for choosing an entity, and legal entity management.
“Business entity” is a generic term with no legal significance per se. A business entity simply refers to the form of incorporation for a business. When a business incorporates, the law recognizes the business as a distinct entity which can enter contracts and acquire property among other rights and privileges.
There are, of course, some exceptions like sole proprietorships and general partnerships, which do not require incorporation. They also do not have the same right and privileges as incorporated legal entities.
There are four broad groups of business entities: limited liability companies, corporations, partnerships, and sole proprietorships. There are important flavors of each class of business entity.
In this PPT we included the details of the types of business structures like sole proprietorship, partnership, limited liability company, and corporation. We think that this PPT is helpful for you to choose the right kind of business structure for your venture.
Is It a Good Idea to Have a Buy-Sell Agreement with the People I am Starting ...Charles Lotzar
When starting a business, a variety of legal documents should be prepared to comply with state requirements and to protect the interests of business owners and shareholders. Learn more about buy-sell agreement in Arizona in this presentation.
Mercer Capital | How to Value Your Insurance Brokerage (2018)Mercer Capital
Understanding how insurance agencies and brokerages are actually valued may help you understand how to grow the value of your business and maximize your return when it comes time to sell. The purpose of this whitepaper is to provide an informative overview regarding the valuation of insurance brokerages and agencies.
Employee training is a critical aspect of an organisation, providing opportunities to increase knowledge base and organisational productivity. Leigh Barker Tangible Assets believes that training expands the knowledge base of employees and is a worthwhile investment to grow a business and to boost competitiveness.
Working in a negative environment will certainly stress employees, whereas creating a positive working environment provides significant results in terms of profit, productivity and employee behaviour.
Check out the PPT for tips to create positivity around your workplace.
Advertisement as an industry is growing because of increasing competition between various brands who are to cater the same population. Many institutions are teaching advertisement as a branch of study. In the end, it all boils down to who can make the most of the available resources and acquire a larger share of the consumer market.
A living away from home allowance is income tax free and is not declared as assessable income in a tax return. Conversely there is no tax deduction available for expenses that have been covered by a living away from home allowance.
A travel allowance is paid to an employee who is travelling on business and is not thought of as living away from home. Generally, an employee travelling for business is not accompanied by their spouse or children.
An SMSF is a private superannuation fund regulated by the Australian Tax Office (ATO) who checks the compliance of the SMSF on an annual basis. An SMSF comprises no more than 4 members all of whom are trustees of the SMSF, all of whom are personally liable for all decisions made by the SMSF.
An electronic signature is simply a signature used on an electronic document or transmission comprising either a symbol or other data in a digital format attached to an electronically transmitted document.
Equity is basically the difference between the value of all assets owned and the cost of any associated liabilities. For more details, you can also visit here: https://leighbarkerblog.wordpress.com/
A profit and loss statement is a financial statement that reports on revenue, operating costs and expenses incurred by an entity within a nominated period of time.
More from Leigh Barker MWC Group | Portfolio Finance (11)
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
What is a Business Structure - Leigh Barker West Pennant Hills
1. What is a Business Structure
LEIGH BARKER WEST PENNANT HILLS
2. Type of business structure
When starting out in business one of the most important decisions to be
made is identifying what type of business structure is most relevant to your
needs. Thus it is important to review the advantages and disadvantaged of
each different business structure the most common being.
Sole Trader
Partnership
Company
Trust
3. 1. Sole trader & 2. Partnership
A sole trader is an individual who is legally responsible for all
facets of the business. This is the simplest and least expensive
business structure for those commencing business in Australia.
A partnership is two or more people or entities running a
business together. A partnership is relatively easy to establish and
requires its own tax file number.
4. 3. Company & 4. Trust
A company is a separate legal entity that has the same rights as a
natural person. A company is owned by shareholders who can
limit their personal liability and are generally not liable for debts.
A trust is an entity that holds property or assets for the benefit of
others called beneficiaries.
5. When making the decision..
When making the decision as to which business structure is most suitable
for your needs investigate each option carefully in order to understand
what licenses are required, what tax is payable, what control do you have
over the assets, what are the ongoing costs & what is your status within the
entity.
As a business grows and expands it may be necessary to change the
business structure. Obtaining professional assistance is important so speak
to your accountant or business advisor when deciding upon a business
structure.
6. Leigh Barker MWC Group
Please note: Prepared by Leigh Barker Tangible Assets, Accountant
at MWC Group, Portfolio Finance, Gordon and West Pennant Hills.
Note that all content of this blog is general in nature and anyone
intending to apply the information to practical circumstances should
seek professional advice to independently verify their interpretation
and the information’s applicability to their particular circumstance.