About Me
Mohamed Firdaus
18,051091
Evolve MMA, Singapore
Dark_Destroyer@hotmail.com
Music
I made this video playlist at myflashfetish.com
Sunday, September 12, 2010
Time: Sunday, September 12, 2010
Title: -
I'll delete this post right after my BEV exam :)
This is real brief, sorry fr my use of english.
UNIT 1
Adv of partnership.
More funds avail.
Since resources of 2 or more individual are combined, larger amt of capital is avail.
If indivdual no money, can always invite others to join as partners.
Enhanced Credit Standing
Financil institutions willing to extend credit when parters make themselves liable for debts of partnership.
Since more owners in partnership, creditors more confident to support loans.
Increased Specialisation in management skills.
Partners of diff backgrounds can help ea other in terms of skill, contacts, specialization.
Possibilities of growth&expansion.
Diversification in management and multiple sources of capital enhance prospects fr a firm's growth and expansion into new products/markets. partenership can attrack key personnel by admitting loyal and capable employees as partners.
Disadvantages.
Dilution of control
Since more then one owner, one person no full control.
not all ideas accepted.
Friction inevitable
Not happy w one another, EXPLAIN.
Limited Life
Death/Resignation. EXPLAIN.
Adv of Incorporated company.
More sources of funds
As the number of shareholders increases, so does amt of capital. A pvt limited can solicit funds from up to 50 members while public limited can invite general public to subscrible to its shares.
Specialised management skills.
Big companies divided into departments. these professionals are experts in their own areas.
Perpetual life
If business is well managed, compay can carry on business with no problem.
Death or withdrawal no effect to life as busines is a diff entity from owners.
Disadvantages of incorporated.
More govt regulations.
Required to keep proper accounting records and file financial statements in its annual returns to ACRA, it is also governed by Singapore Companies Act.
Lack of secrecy.
required to disclose important financial figures and other relevant information in its annual report, information regulary used by competitors.
Higher tax.
Tax rate on companies is 20%, ever changing due to economic situations.
Workers union is an association of workers for the purpose, in whole or in part, of bargaining, on behalf of workers, with employers, about the terms and conditions of emplyment.
This is real brief, sorry fr my use of english.
UNIT 1
Adv of partnership.
More funds avail.
Since resources of 2 or more individual are combined, larger amt of capital is avail.
If indivdual no money, can always invite others to join as partners.
Enhanced Credit Standing
Financil institutions willing to extend credit when parters make themselves liable for debts of partnership.
Since more owners in partnership, creditors more confident to support loans.
Increased Specialisation in management skills.
Partners of diff backgrounds can help ea other in terms of skill, contacts, specialization.
Possibilities of growth&expansion.
Diversification in management and multiple sources of capital enhance prospects fr a firm's growth and expansion into new products/markets. partenership can attrack key personnel by admitting loyal and capable employees as partners.
Disadvantages.
Dilution of control
Since more then one owner, one person no full control.
not all ideas accepted.
Friction inevitable
Not happy w one another, EXPLAIN.
Limited Life
Death/Resignation. EXPLAIN.
Adv of Incorporated company.
More sources of funds
As the number of shareholders increases, so does amt of capital. A pvt limited can solicit funds from up to 50 members while public limited can invite general public to subscrible to its shares.
Specialised management skills.
Big companies divided into departments. these professionals are experts in their own areas.
Perpetual life
If business is well managed, compay can carry on business with no problem.
Death or withdrawal no effect to life as busines is a diff entity from owners.
Disadvantages of incorporated.
More govt regulations.
Required to keep proper accounting records and file financial statements in its annual returns to ACRA, it is also governed by Singapore Companies Act.
Lack of secrecy.
required to disclose important financial figures and other relevant information in its annual report, information regulary used by competitors.
Higher tax.
Tax rate on companies is 20%, ever changing due to economic situations.
Workers union is an association of workers for the purpose, in whole or in part, of bargaining, on behalf of workers, with employers, about the terms and conditions of emplyment.
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