Choosing A Suitable Business Structure - 1869 Words

Choosing a suitable business structure For Coral Jones and James Tran (C J) who are thinking of starting up a new business, the ability to raise and solicit funds and operate in an efficient and manageable fashion is determined by the form of entity with which they choose to organise their intangible property. The four main business structures used by businesses in Australia are sole proprietorship, partnership, company and trust, Based on Coral and James’ current scenario, I would assume they are planning to open their own designing firm which offers architecture, interior and industrial design services. A sole proprietorship would be unsuitable for this case since it involves an individual going into business for themselves. As a†¦show more content†¦Ultimately, a partnership would allow Coral to continue her work in the medium sized firm whilst establishing this new business, thus providing her with financial security in times of need. Another advantage of the partnership entity is that it provides greater access to finance and management from the resources of both partners. As Section 24 of the Partnership Act states amongst its rules of the interests and duties of partners, â€Å"All partners are entitled to share equally in the capital and profits, and must contribute equally towards the losses†. Furthermore, the Act states that â€Å"Every partner may take part in the management of the partnership business†. Unlike in a sole proprietorship where capital remains limited, partners in a partnership are able to contribute their share in the business to increase capital volume and ultimately business activities. Therefore, the ability to pool resources from partners will, in particular, assist James who just graduated from university and may lack the sufficient funds needed to contribute towards a start-up business. A partnership is also considered a safe organisation for providing credit facilities du e to the unlimited liability of partners. Sufficient funds in terms of credit can be procured from financial institutionsShow MoreRelatedOwnership Risks Assessment And Recommendation723 Words   |  3 PagesMEMORANDUM – A1 Ownership Structures To: Mike Jackson and Alan Prentice From: Elliot Chan Date: 15 September 2016 Subject: Ownership Risks Assessment and Recommendation I have received your invitation to invest in the bakery. Firsts offering a sale at $50,000 for purchase. We have to reform the business between 3 structures such as sole trader, partnership and a private company. After studying these ownership structures, I would like to give you my advice and hear from your considerationsRead MoreUnderstanding And Framework Of Project Management1061 Words   |  5 Pagesthe system. In a model-based methodologies such as PMBOK or PRINCE2, the rules are clearly definite. Since the models could be applied to diffident projects, they structure parts of system which relationships are clear. 2. Disadvantages 1) Prolixity for small projects. Both PMBOK and PRINCE2 have many processes. This will be suitable and efficient for big projects which need many different departments and steps to complete. However, for the small projects some processes seems to be excess. 2) LackRead MoreMethods And Methods Of The Project Management1023 Words   |  5 Pagesthe system. In a model-based methodologies such as PMBOK or PRINCE2, the rules are clearly definite. Since the models could be applied to diffident projects, they structure parts of system which relationships are clear. 2. Disadvantages 1) Prolixity for small projects. Both PMBOK and PRINCE2 have many processes. This will be suitable and efficient for big projects which need many different departments and steps to complete. However, for the small projects some processes seems to be excess. 2) LackRead MoreLegal Forms of Business1415 Words   |  6 PagesLegal forms of Business The process of starting a business can be a challenging one. From choosing a business name, identifying the product to sell and where all require thoughtful decisions. All these decisions also need legal and practical considerations. To understand more about the different forms of business, it is important to consider the right structure for the business (Legal Forms, 2006). Sole Proprietorship A sole proprietorship simply means a business with one owner. With many formsRead MoreA Short Note On Human Resource Management1160 Words   |  5 Pagesmanagement. Secondly a description of the importance of three human resource functions that are suitable for the above mentioned business in the task scenario. Also taking into account the situation of the business in the task scenario an examination of two appropriate workforce planning methods that can be used in their organisation. Then recount the ways in which the overall performance of the business in the task scenario can be improved by developing their employees. Lastly giving reasons, figureRead MoreManagement Style Of The Joint Stock Company1385 Words   |  6 Pages According to Peter Drucker, one of the most prominent business gurus of recent times, management is a timeless, human discipline. It has been used to build the Great Wall of China, to run empires and armies throughout history, and guide the development of the joint stock company, which has been the key institution in the development of the joint stock company which has been the key institution in the development of modern capitalism. If there is a lack of communication in an organisation thereRead MoreFacilitating Career Planning for African American Women in Organizational Leadership1283 Words   |  6 Pages Most nonprofit agencies follow the same management structure. The structure normally consists of a vertical hierarchal structure with the chief executive manager at the helm, and divisional leaders rounding out the strategic leadership team. Since 9/11, then government shutdowns, multiple wars, natural disasters, and the government sequester, the challenge to most nonprofit s is to compete for every available charitable dollar. Chief Executive Officers (CEO) of nonprofits must not only be skillfulRead MoreImportance Of Accounting Information On Business Structure Essay1647 Words   |  7 Pagesinformation is used to make decisions and plans about the business, which includes the decision to adopt the most suitable business structure under which the couple should run their business; the importance of â€Å"statement of financial position† and the three types of financial position resources which are needed operate the business; the importance of finding how well their restaurant is performing or the expenses which incur in running the business by analyzing the â€Å"statement of financial performance†Read MoreBuilding A Place For Our Business1138 Words   |  5 PagesOnce we have defined our business idea we should think of a place for our business and where we will place. This choice will depend in part on the proper functioning Business. We should not rush in choosing the premises and that a wrong decision can result in the future a change of room with all the expense and inconvenience that entails. Before drinking a decision we must consider the needs of our company in the future: possible extensions, new clients, etc. The importance of the location of ourRead MoreInformation Systems Security Policies Mainly Address Threats1165 Words   |  5 PagesUnfortunately, threats do exist and data systems safety policies are essential to provide a structure for choosing and implementing reverse measures against them. An enforceable drafted policy assures that everyone within the organization coherently behaves in a suitable manner with regards to information security. A sophisticated information security plan defines the goals of the information system of a business and sketches a technique to attain these described goals. On the other hand, an information

Become an Organ Donor Essay - 1434 Words

Become an Organ Donation Organ donation is a sacrifice that can touch many people through one person’s unselfish gift. Granted that gift most often comes after a tragic loss of a loved one. As the bearer of three functioning kidneys, I have always considered organ donation to be the expected norm. But today, the focus will be to enlighten you on the reasons to consider organ donation. Organ donations are needed for every age group, race, and ethnic groups. Each person should take the opportunity to extend the gift of life to another individual through organ donation. There are many reasons to become an organ donor but we will focus specifically on five reasons why people should donate their organs listed here. The person that needs†¦show more content†¦According to the US Department Health Human Service website a person will be added to the donor list every 10 minutes (Why Donate?, 2014). What if one of those individuals were in your family? Wouldn’t you want others to offer a life-saving opportunity to you? While making the choice to donate any organ is difficult you have the power to offer the needed organ to your own family or another family that may be losing hope. During the opening, it was mentioned that every age, race and ethnic group is effected and have a need for organ donations. Below are graphs from the US Department of Health Human Services that clearly illustrate the needs for the waiting recipients. Illustration 1 shows the percentage of waiting candidates by their ethnicity. Statistically, Latinos suffer from obesity which leads to diabetes and heart disease. African Americans suffer higher rate of diabetes and high blood pressure. Asians and Hawaiians reportedly have a higher rate of kidney and liver diseases. Each of these dispositions can lead to other complications effecting the organs and eventually causing organ failure, even with treatment. Illustration 2 show that the people needing an organ donation is not limited to the aged or infirmed but range from newborn to over 65 years old. Illustration 1: Waiting List Candidates by Ethnicity (African Amercian and Organ Donation, 2014) Illustration 2: Waiting List Candidates by Age (Organ Donation and People Over Age 50,Show MoreRelatedPersuasive Speech : Organ Donor1480 Words   |  6 Pagesaudience of the importance of becoming an organ donor to save lives. Thesis: Becoming an organ donor can give severely ill people another chance at living a normal life. I. Introduction A. Attention Getter: Imagine having a loved one who is in end stage organ failure and has been put on the organ transplant waiting list, in hopes getting the chance to live. B. Reason to Listen: With the long list of people waiting to receive an organ transplant, it is important thatRead MoreThe Problem Of Organ Transplants1528 Words   |  7 PagesThe need for organs is a growing dilemma amongst America and countries all over the world. Thousands of people sit on waiting lists in hopes to receive a new organ never knowing if they will actually receive one before their delicate organ gives up. Although many people are willing to be donors upon the time of their own death, the shortage of organs hangs over the patients and families who deal with the reality of an organ shortage every day. One solution that has been proposed is allowing peopleRead MorePersuasive Speech : Organ Donation1335 Words   |  6 Pagesto make. C. My name is Morgan Silva and I am here to talk to you about organ donation, how you can become one, and the ways your family and donor recipients benefit from the donation you made. II. Body A. People often ask themselves what organ donation is and what it involves. 1. According to Medline Plus, organ donation takes healthy organs and tissues from one person for transplantation into another. a. All kinds of organs can be donated to save a life: the kidneys, the heart, the liver, the pancreasRead MorePersuasive Speech : Organ Donation1076 Words   |  5 PagesSpeech Assignment #2: Organ Donation Specific Purpose: To persuade my audience to become registered organ donors. Thesis: Today I want to persuade my audience to become registered organ donors. Introduction I. To start, by a show of hands, only if you feel comfortable, how many of you are registered organ donors? II. According to organdonor.gov, â€Å"an average of 22 people die each day waiting for transplants that can t take place because of the shortage of donated organs.† a. Furthermore, everyRead MoreOrgan Transplants Should Not Be An Organ Donor Essay1167 Words   |  5 Pageswaiting list for organ transplants feel every minute of every day. However, instead of waiting for a toy, they are waiting for something they literally cannot live without. I am a registered donor and know people who have had organ transplants. There is a continuously increasing need for organ donors, and it is easy to become an organ donor. Today, I hope to persuade you all to become registered donors by explaining the need for more donors, what you can donate, and how you can become a donor. (First,Read MoreOrgan Donation : An Organ Donor1068 Words   |  5 Pagesshould become organ donors. Choosing to become an organ donor provides the opportunity to save up to eight lives and improve the quality of life for many others with tissue donation. An organ donor can also provide comfort to the grieving family: the loss of the loved one will be helping others to live. Becoming an organ donor is much easier than many think. The decision can literally be done in just minutes. Web MD states, an organ transplant is the surgical removal of a healthy organ from oneRead More Organ Donation Essay740 Words   |  3 PagesOrgan Donation Organ donation is a topic which contains many conflicting views. To some of the public population organ donation is a genuine way of saving the life of another, to some it is mistrusted and to others it is not fully understood. There are some techniques that can be used to increase donation. Of these techniques the most crucial would be being educated. If the life threatening and the critical shortage of organs was fully understood by the public, organ donation wouldRead MoreEssay On Organ Donation814 Words   |  4 Pages yet the process of organ donation and transplantation prolongs life. Problems with the supply and demand of viable organs lead to controversial topics and debates regarding solutions to suppress the gap between donors and recipients. One prevalent debate concerning these problems follows the question of whether to allow non-donors to receive organ transplants if needed even though they aren’t registered to donate their own organs. Although denying non-registered organ donors the possibility to receiveRead MoreOrgan Transplants : An Organization1486 Words   |  6 Pages Lizetth Gonzalez Mrs. Forsythe English 7-8 1B January 20, 2015 Organ Transplants Despite the fact that more than a million have signed up to become donors the number of donors is still nowhere near the number of people on waiting for transplants therefore, resulting in an average of eighteen deaths every day due to the shortage. (Pros) Keep in mind the amount of lives saved or restored when a single organ donor can save up to eight lives. In addition to saving lives and restoring broken lives, aRead MoreA Persuasive Speech On Organ Donation947 Words   |  4 Pagesname is, Lizette Vazquez, and I am here to talk to you about becoming an organ donor. Many people wait for years for organs to become available, the need for organ donors is growing. Donate and save a life. If you had a chance to save a life and or change their life, would you do it? If you answered no, to this question would your feelings change, towards organ donation if someone in your family or close to you need an organ transplant? Can you imagine, what it would feel like to get handed a death

Module Free Essays

There is a positive correlation between the longer a child attend pre-school and high IQ scores. Children who can afford to spend a lot of time in pre-school have parents who are wealthy and likely educated, providing them with good genes and thus are likely to have high IQ scores. Children with high IQ scores perform well in pre-school and incentives their parents to keep them in pre-school longer. We will write a custom essay sample on Module or any similar topic only for you Order Now Part C. 16. The hypothesis is that students will understand math material better when they duty while listening to classical music. 7. The independent variable is the setting in which the students study, whether that is with classical music or no classical music. 18. The dependent variable is how well the students perform on the math test administered after one month 19. The experimental group is the group of students who study math while listening to Mozart. 20. The control group is the group of students who study without listening to music. 21 . There isn’t really a placebo group, no one is receiving a fake treatment, they are either listening to music or not. 22. Mr†¦ Ross randomly assigned students to the group that they are in to help prevent confounds. He also administered the same math test to both groups of students. 23. Experimenter bias is possible because Mr†¦ Ross could have graded the math test differently based on what group the student was. Also he could have interpreted the difference between the two groups as a result of the music but it really was Just random chance. 24. The hypothesis is that Hawthorne believes that employees working in brighter light environments will have increased productivity. 25. The independent variable is he setting in which the employees work, whether it is bright or dark environments. 26. The dependent variable is the productivity of the workers. 27. The experimental group is the group of employees that work in the brighter work environment (100 watt lighting). 28. The control group is the group of employees that work in the regular lighting area (70 watt lighting). 29. There is no placebo because there is no fake treatment or pill that is given for psychological benefits of the patients, there are just 2 group, one with 100 watt lighting and one with 70 watt lighting. How to cite Module, Papers