Realty Essay

Realty Essay

Length: 2903 words (8.3 double-spaced pages)

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TABLE OF CONTENTS



TITLE PAGE……………………………………………………………………………2

EXECUTIVE SUMMARY………………………………………………………………3

BUSINESS OWNERSHIP………………………………………………………………3

FINANCING…………………………………………………………………………….4

MARKETING……………………………………………………………………………5

CONCLUSIONS/
RECCOMENDAITONS…………………………………………………………………10

BIBLIOGRAPHY………………………………………………………………………..11

APENCICES

APPENDIX I…………………………………………………………………………….12

APPENDIX II……………………………………………………………………………18

APPENDIX III………………………………………………………………………...…23

APPENDIX IV…………………………………………………………………………...27

APPENDIX V……………………………………………………………………………28










Proposal for:



“GREENACRES REALTY”



Compiled by BALENTINE SOLUTIONS.


01/03/05

















The purpose of this proposal is to provide in depth information, research and knowledge of several different approaches that can be taken into account when deciding on what avenue to pursue for “Greenacres Realty”. Balentine Solutions trusts that once this proposal has been explored, you will be able to come to a concise decision and your business will be ready for existence.

BUSINESS OWNERSHIP

There are two possibilities of business ownership and structure that must be considered for Greenacres realty, they are:

1. PARTNERSHIP
Partnerships are simple and relatively inexpensive to establish. They can be made up of a minimum of two and a maximum of 20 members. The ability to raise capital becomes somewhat easier with there being a wider choice from personal sources and financial services. Everyone involved brings with them an area of expertise and the business can be sub-divided into specialization. The work load is shared. Partners decide on how profits and/or debts are to be distributed and a contract is drawn up outlining such issues before the business is started, this ensures everyone’s protection. Although a contract is drawn up it must also be understood that partnerships do not have limited liability, thus, if one or more partners are not able to pay a debt, die or decide to break the partnership agreement, it is left upon the shoulders of the remaining members to cover any incurred costs. A partnership does not pay income tax .Each partner records their share of the profit/loss on their individual tax return, however, a separate income tax return must be lodged to report the income of the partnership.

Tax return from for partnership see appendix I
Partnership agreement see app...


... middle of paper ...


...ners have caused this Agreement of Partnership to be executed on the dates indicated below, effective as of the date indicated above.


Partners: {Signatures of partners}


























The Australian Company Number and the ABN
On forming a company, you are issued with an Australian Company Number (ACN) by the Australian Securities and Investments Commission. When a company registers for an ABN, the number issued by the Australian Business Registrar is its ACN with two check digits at the beginning:

Companies don’t have to quote both the ABN and ACN on documents. Under the Corporations Act, a company is required to show its ACN on all public documents and negotiable instruments. However, companies with an ABN can use the ABN in place of their ACN, on the condition that:
•     the ABN includes the company’s ACN as the last nine digits, and
•     the company quotes the ABN in the same way it quoted its ACN.
























APPENDIX III

















































newspaper

























































































































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