BUSINESS STRUCTURE
KSI VS logan paul
Chain of a business Structure
Private Sector
Public Limited Company
Limited Liability
Private Limited CORAporation
Sometimes called as family corporation
An example is Comcast
Shares of the company are often owned by the family members and close relatives and friends
Limited Liability: Owner and company are separate entities
Continuity in the event of death
The liability of the shareholders are up to their investments
Public Sector
Owned and controlled by the government
An example is New Prosperity Plastic Products
Shares can be sold publicly
In terms of acquisition investment, it is easier to purchase shares from the company.
Government revenue comes as tax used to help our environment
Usually a larger Corporation
There is continuity
Risk of takeover, as shares are publicly sold
Sole traders
Partnership
Corporation
The owner is the business
Unlimited Liability
If one partner dies or goes bankrupt, the partnership will end
It is up to the owner's assets
Unlimited liability: The partnership and owners are considered a single entity.
Corporated business
If the owner dies the business dies
Deed of Partnership: A form of agreement made by the partners of the business.
Share the profit
They divide the profit and losses based on their agreement
legal formalities of setting up a corporation:
Memorandum of Association
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Articles of Association
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Name of the company
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Management and Workforce
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Address of the head office
Aims of the business
Maximum share capital of the company
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Direct tax
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Indirect tax
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Tax on income & wealth
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Tax on goods & services
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Unincorporated business
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Franchise Business
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Joint Venture
Holding Companies
Owner keeps all profits
Cooperatives
Co-operation
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