Business legal structures
[DOC File]Guide to Legal Structures - The Ayrshire Community Trust
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Has limited life (2) Is complex to set up Has fewer skills to run business. Can sell stocks Can sell bonds Has unlimited liability (2) Must share profits (2) Has unlimited life Keeps all the profits. Has elected directors Has limited liability Is viewed as a legal entity. Has profits taxed twice Has total control
[DOC File]Principles of business (BA59)
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Explain the features and responsibilities of different business structures A business structure defines management responsibilities in allocating tasks to achieve the objectives of the business, and the structure adopted by a business will depend to a large extent upon the size and complexity of the business and its markets.
[DOC File]Small business structures - Open University
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In order to protect limits on liability that are offered by business structures such as corporation, LLP, or LLC follow these rules of the road: Section 10: Remember, the choices you make regarding your legal business entity will be among the most important you make during the life of your company.
[DOC File]Name __________ ____________ Worksheet – Business ...
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Describe the legal obligations of a business The most common business structures in the UK private sector include: Sole Trader. Partnership. Private Limited Company (Ltd.) Public Limited Company (PLC) Co-operatives. Franchises. You are required to describe the legal obligations of two different types of business. Answer: Pass or Referral ...
[DOC File]Business Structure
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3.1 Business legal structures Understanding the different structures a business can have is the first step, the next step is to choose an appropriate structure for a specific business scenario. Here are some of the advantages and disadvantages of the main different structures for you to consider:
[DOC File]Business Structure - Venture Mentors
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Welcome to Determining Your Company’s Legal Structure, produced by Virtual Advisor. To navigate through the workshop, click on the Continue and Previous buttons. To begin the workshop, click on the Continue button. Section 1: Congratulations! You’ve decided to start your own business and you’ve already done the basics.
[DOC File]Determining Your Company’s Structure – Part 1
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Guide to Voluntary and Community Legal Structures. Pros and Cons of Registered Charities. Pros. Charities are readily recognised and enjoy considerable support from funders and other potential supporters. Charities attract considerable tax advantages …
Business Legal Structure
Stay current on all filings with the government. If your business involves risk, you want to choose a legal structure that offers some liability protection for your personal assets. Federal Corporation Income Tax Rates for 2010, 2009 are lower than for most individuals up to $50,000.
[DOC File]Determining Your Company’s Legal Structure – Part 2
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If the owner dies or retires, the business ends. Many small service, consulting, and retail businesses are sole proprietorships. Sole proprietorships are by far the most common form of business structures in our society. B. Partnerships (General & Limited Partnerships) — read section 12.1, p. …
[DOC File]BUSINESS STRUCTURES
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Legal liability in a partnership is the same as for a sole proprietor. If the business is sued, it is the owners that are liable. If things don’t go well and the business goes bankrupt, it is a personal bankruptcy for the owners. Changing ownership of the business can also be more difficult than other structures.
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