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Essay / Research Paper Abstract
This 4 page paper answers questions set by a business student. The first part defines potential goals for an up-market flooring company. The second part of paper looks at the strengths and weaknesses of different types will my social structure. The third part discusses potential legal issues for the structures, and the last part of the paper discusses which type of structure would be best for the company. The bibliography cites one source.
Page Count:
4 pages (~225 words per page)
File: TS14_TEfloorst.rtf
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Unformatted sample text from the term paper:
and the correct standard required to meet both the construction brief as well as the high stands that are offered by the company as a part of the way that
differentiation is offered. The business target customers will be business that are building new offices/commercial or retail premises or refurbishing older premises located in a geographical areas within 150
miles radius of the company, and want to buy a premium product which is also backed up by premium service. Sales in the first year should reach at least $800,000
with a net profit margin before tax of 12% and rise by about 15% for the next three years1. Part 2 There are different organization business types which can
be adopted by the firm; each has specific advantages and disadvantages. Sole proprietorship is the most common types of business structure found in the commercial environment. With this business structure
the proprietor would have total control of all aspects of the business, it is also possible that there will be tax of advantages; sole proprietorships are taxed as personal income
for the proprietor. A disadvantage is that the proprietor has full responsibility for financial obligations of the company, business debts will usually be a personal liability for the price up.
In addition to this as the business is not separate from the proprietor, the business will die if the proprietor dies. An investment partnership may be either a general partnership
or a limited partnership. If it is a general partnership, this is very similar to the structure of the soul proprietorship, with two (or more) instead of owner. The default
position is that the partners involved are deemed to be equal partners of this there is agreement to the contrary. It can be tax advantages, as with the sole proprietorship,
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