There are various types of business ownerships which depend on the legal perspective and the number of owners. From the legal point of view a business is either a legal person having legal rights and obligations or it is not considered to be distinct from its owners. Natural persons or human beings now have legal personality under the laws of probably all nations of the world. The best essay writers are ready to impress your teacher.
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It has legal rights and obligations of its own which are distinct from those of the individuals who either constitute its membership or management. Members come and go and are merely succeeded by other persons who become new members.
This implies that even if the company is owned by a single individual it will not end with the death of the person unless it is liquidated. Therefore, a member cannot insure the property since he does not have insurable interest therein. This can be illustrated by the case of Macaura v Northern Assurance Co. When the timber was destroyed by fire, he made a claim but the insurance company refused to pay and contended that the policy was void because he had no insurable interest in the timber.
The contention was upheld by the court.
Main Types of Business Ownership Essay
First of all, in the ownership of commercial enterprises, social welfare enterprises and private education institutions with the nature of the investor-owned agricultural cooperatives are members of the ownership, including both funded and non-funded members. However, for non-profit people not ownership of public ownership or all the existing laws of society is not….
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This will entail comparisons between a Public limited company Plc. Assignment 2: Business Financing and the Capital Structure Principles of Finance Finance December 12, Business Financing and the Capital Structure Raising Business Capital As a financial advisor to this business there are two options to consider for raising business capital, equity financing and debt financing. The details, advantages, and disadvantages of both options will be provided.
Also information about raising capital by selecting…. A well written business plan is recommended to begin any new business or new venture creation. The purpose of a business plan is to describe the business in detail for a variety of purposes. The plan can give direction and add vision to the company, such as growth and arket changes.
A good business plan can attract new investors and potential partners or employees. It can also help manage the company as a whole. It is the branch of business. Carriage is the basis for the management and operation of business successfully and effectively. It is the factor of business activity that helps to mobilize the labor, raw material, and tools and machinery etc. Modern business activity are based on the exchange of goods and transportation of goods from one place to another…. This is especially true for fast-growth companies, which tend to consume more resources in order to feed their growth.
If they aren 't careful, they can literally grow themselves right out of business.
Forms of Business Organizations - Essay Example
Amidst all the gloom and doom, however, it 's important to keep one thing in mind: There are still options available for small business financing. It 's simply a matter of knowing where to look and how to prepare.
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Where to Look There are three main sources…. Essays Essays FlashCards. Browse Essays. Show More. This leads to better motivation see Maslow's Pyramid of Needs. It also means that there is less room for communication breakdown as messages don't have to travel over such a far distance.
Essential Requisites of an Ideal Form of Business Organisation Essay - Words
There are a few tax advantages associated with a sole proprietorship, namely you do not have to pay national insurance on your own profit and you can save hundreds of pounds because you are not officially an employee of the company. Disadvantages The most dangerous disadvantage of a sole proprietorship is unlimited liability. This means that if the owner were to build any bad debts that needed to be immediately recalled she could lose all her possessions e.
This can be catastrophic.
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