Business Analysis : Business, Partnership, Joint Venture, And Corporations

Business Analysis : Business, Partnership, Joint Venture, And Corporations

Length: 2139 words (6.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Question One

Nowadays, trading between people and country become easier and easier. With the boom of economic, a consideration of starting a new business is very important. Common business structures including Sole Trader, Partnership, Joint Venture, and Corporations. Among those structures, partnership and corporations are the most popular structures for creating a business. This essay will discuss all of them point by point.

When we say that partnership is easy to establish, the first thing comes out is that partnership doesn 't need to be registered. Which means partners don 't need to fill paper works, or spend money on legal formalities. There is one exception, if the partnership use a business name, then this name needs to be registered. According to partnership definition, in common, “Test is that business is being carried on by, or on behalf of, all the partners”. Each partner got himself/herself specialist in a particular area, they can save a large amount of money from hire outsider to get access to professional knowledge. “Mutuality of rights and obligations” indicate that everyone has the same right for the operation. Therefore, a partnership is a low cost but high effective business structure.

On the other hand, referring to a separate legal entity, a company is required and regulated by the Australian Securities and Investments Commission and other related authorities. For examples, the company must provide the financial statement under AASB’s requirement. All the information and movements of the company have to be disclosed to their shareholders, associated companies and public. It also includes more complicated in taxation that need to be applied to the Australian Taxation Offic...

... middle of paper ...

...artnership between Adrian, Bob and Charlotte, Dennis. However, according to Buckingham case, if there are more characters like partnership than not a partnership, it should be a partnership. Basis the analysis on step 2, it’s more likely be a partnership between Adrian, Bob and Charlotte, Dennis.

Default Rules as to Interests and Duties as Partners:
Section 24(1)(a) indicate that “Partners share equally in capital and profits and must contribute equally to losses”, Adrian, Bob,Charlotte and Dennis agree that they would share profits equally, but they didn’t mention about the loss. Therefore, all of them four will share the losses equally. Section (1) (e) gives all parties the right to management the business. Thus, even Adrian, Bob,Charlotte and Dennis are taking charge for different section of the business, all of them are decision makers. However, any dision

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Smith & Hawken Business Analysis Essay

- Company Background "Smith & Hawken is the premier authority in outdoor living, dedicated to providing products distinguished by authenticity, style and above all, fine craftsmanship" (Smith & Hawken, 2007). The channels used by Smith & Hawken include catalog, retail, and the internet. Dave Smith and Paul Hawken started in 1979 as a mail order company, providing a means for the consumer to obtain high-quality garden tools....   [tags: Business Finance Management Analysis]

Better Essays
1525 words (4.4 pages)

Case Analysis : Shania 's Business Essay

- Summary Shania is interested in starting her own Christian coffeehouse that she wants to call The Gathering Place in Colorado. Her Husband is onboard with the idea and want to be involved in the capital of the business but not the operation and management. Her sister, who is a homemaker wanting to escape home, and Carlos, Shania’s neighbor that want to make extra income, are interested in working with her in her new business venture. Shania has researched some franchising opportunities and other business opportunities that would fit her vision such as sole proprietorship, partnership, corporation, LLC and joint venture....   [tags: Corporation, Business law]

Better Essays
1067 words (3 pages)

A Business Model Analysis of Eli Lilly and Company Essay

- I. Introduction The aim of this essay is to present a business model analysis of the 10th largest pharmaceutical company in the world with $61.54 billion market capitalisation – Eli Lilly and Company (Lilly). The structure of this essay begins with introduction and limitation of analysis, followed by brief explanation about business model concept, then the analysis of Eli Lilly and Company’s current business model. After that, this essay will describe challenges that Lilly has faced in recent years and what Lilly might face in the future....   [tags: Firm Analysis, Biopharmaceutical Industry]

Better Essays
2081 words (5.9 pages)

Service Description and Situational Analysis Essay

- Service Description and Situational Analysis C&T Learning is a literacy educational program designed to help children who are below their expected reading levels, for example a 5th grader who reads at a 2nd grade level. C&T Learning will provide a comprehensive learning analysis and approach to the ongoing problem continuing facing some children. The program includes, music, physical education, English, reading, writing, and math. C&T learning will follow an academic curriculum based on current trends to personal lifestyle of the children by encouraging them to read at home, and parents will be playing a critical role in achieving their goal of having every child reading at or above grade...   [tags: Business Analysis]

Better Essays
1226 words (3.5 pages)

Starbucks Case Analysis Essay

- Starbucks Case Analysis Table of Contents I. Executive Summary II. Company Profile III. Marketing Analysis IV. Competition V. Company Product and Services VI. Recommendations/Conclusion I. Executive Summary In 1971, three young entrepreneurs began the Starbucks Corporation in Seattle Washington. Their key goal was to sell whole coffee beans. Soon after, Starbucks began experiencing huge growth, opening five stores all of which had roasting facilities, sold coffee beans and room for local restaurants....   [tags: Business Analysis ]

Free Essays
1309 words (3.7 pages)

Business Strategies For A Competitive Position Of Business Essay

- Business strategies concentrate on enhancing the competitive position of business unit’s or corporation’s goods or services among the particular market (Thomas Wheelen and David Hunger, 2012). Walgreens advocates a role for community pharmacy to provide unsurpassed approach to high quality, affordable health and wellbeing products and services. The nurse practitioners and pharmacists can offer professional care to customers with lower overall health care costs, which make the company become differentiation....   [tags: Strategic management, Customer service, Customer]

Better Essays
716 words (2 pages)

Essay about DataClear Going Global Analysis

- Go Global—or No. In my view, the answer is "not yet." To survive, DataClear has to go global in the future but its current decision-making process and rationale are flawed. What DataClear needs to do is to not panic, slow down, and take a clearer look at its situation and the business environment and develop some strategic options that will allow it to go global when the time comes. They've got some time but not a whole lot of it. As stated in the case, they need to focus. Despite VisiDat's emergence and its contract with Shell, DataClear still has the data analysis market in the U.S....   [tags: Business Strategy Analysis Management]

Free Essays
781 words (2.2 pages)

Global Communications Case Analysis Essay

- Global Communications Case Analysis Task A: Problem/Opportunity Statement Instructions for Task A: In the Response row, write out the problem/opportunity statements for the scenario for each of the team members. Response to Task A: Global Communications can find a way to increase stockholder value, cut costs and improve profitability by making appropriate organizational adjustments To continue to be an industry leader, Global Communications needs to develop a new strategic plan focusing on all persons who have a stake in the corporation, including shareholders and employees....   [tags: Business Analysis Strategy Management]

Free Essays
1682 words (4.8 pages)

The Paradigm Of Business And Organization Management Essay

- At the very drawn of the society, management has been emerging under changing situations. And still now it has been redefining its implications throughout every sphere of our society. Management is now widely spread out mostly in business organization. In the paradigm of business, management is getting things done through and with the other people.1 (Institute in Omaha, Nebraska,) In business and organization management is mainly responsible for achieving organizational goals among competitive advantages....   [tags: Management, Organization, Henry Varnum Poor]

Better Essays
1114 words (3.2 pages)

Essay on Lester Electronics Gap Analysis

- Gap Analysis: Lester Electronics Lester Electronics Inc. (LEI) is a consumer and industrial electronics parts distributing company that markets its products to small local distributors throughout North, South, and Central America and Europe. The company also markets to small to medium-sized original equipment manufacturers and repair facilities. In 1978 LEI entered into an exclusive distribution contract with Shang-wa Electronics. Lester Electronics (LEI) and Shang-wa have been close partners for nearly 35 years....   [tags: Business Performance]

Free Essays
1602 words (4.6 pages)