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What are the steps for registering a company name?
You must first come up with a name, and then register it with Companies House, by following the instructions set out on their website, if wanting to make a private, or public limited company.
What is the difference between a franchise and a company?
Many franchises can be owned as a sole proprietorship, a corporation, a limited liability company, or many other business structures. However, franchises do differ from companies in many different aspects. A franchisee has to obey certain standards as set by the larger company or franchisor. This means that franchisees have to follow certain regulations and stay within certain parameters to be able to operate their businesses. A company, on the other hand, is any entity that engages in business. If you have your own business, you set the rules, the standards, and the expectations. Often, companies require much more work than franchises, because you have to do all the work, as opposed to a franchise where corporate does the heavy lifting for you.
What are the aims and objectives of a public limited company?
A public limited company is set up to make a company a legal person and therefore making the company liable for any loss or bankruptcy. i.e. if it goes bankrupt only the company will be chased and not those who run it. A p.l.c. issues shares which are units of ownership and these are open for the general public. Each 3/4/5 years a board of directors is elected during the AGM - Annual General Meeting. the biggest disadvantage of a p.l.c. is that if the company goes bankrupt all the shareholders will lose their money which they invested.
What are examples of a sole proprietorship?
usually beauticians,private limited companies,hairdressers are sole-traders. They are owned only by one individual but many people can work for them.they have unlimited liability and the owner gets all the profits.its the owner who has to set up the business and take the risk.
How does a company be Globalized?
A company has to have branches set up all over the world. :)
What does PLLC stand for?
A PLLC is a Professional Limited Liability Company. It is a limited liability company that is set up to provide professional services to one or more people and to allow them to be taxed differently.
Is a limited liability company necessary for a small business?
If you just so happen to own your very own small business, you do not necessarily have to set up a limited liability company. It is not legally required.
What is needed for a limited company set up?
Requirements for a limited liability company (LLC) are different relative to the state, most only require an Articles of Organization form and a small fee.
What legal statsus does tesco have?
Tesco is a public limited company (PLC) in the United Kingdom. It is a legal entity separate from its owners, offering limited liability protection to its shareholders. It is regulated by company law and must adhere to reporting and governance requirements set out by regulatory bodies.
Should I be concerned if my dentist has llc after his name?
"LLC" or "llc" means "limited liability company". It is applied to a virtual person a "company or business". Say you dentist was called "Jones" then he could set up a company called "Jones dental practice" and if his practice was set up as a limited liability company, "llc" should be add after the name of the practice. However if your dentist is using "llc" after their name as a qualification, this is meaningless and if your dentist has no other qualifications then I would suggest you should be concerned - do not go there and ask the authorities in your country to investigate the dentist.
How easy is it setting up a limited company?
It is fairly easy and inexpensive to set up a Limited Liability Company (LLC). One would need a Registered Agent Service, a Doing Business As (DBA), and a Business License. Start-up costs for these licenses is usually under $500.
What is the difference between an investment company and a limited company?
There are two common types of businesses: "Pass-through" Businesses Pass-through businesses are those in which the profits and losses of the business pass through to the owners. In other words, the business income is considered as the owner's income, and the owner pays the tax on his or her personal tax return. Separate Business Entities Corporations are separate businesses entities. The profits and losses of the corporation are taxable to the corporation, not the owners {shareholders). Corporations are set up as separate business entities. How are LLCs and Corporations Formed? Limited Liability Company (LLC)Set-up An LLC is formed when one or more business people wants to go into business together. The owners, called "Members," file Articles of Organization and set out an Operating Agreement. An LLC is a pass-through type of business, because the profits and losses are passed on to the Members depending on their share of membership. Corporation Set Up A Corporation is a separate legal entity. It is formed by filing corporate organization forms in the state where the corporation is located, and by designating shareholders, each with a specific number of shares. The corporation also creates a Board of Directors to oversee the corporate business. How are Corporations and Limited Liability Companies Alike? Both corporations and LLCs limit the liability of the owners/shareholders from the debts of the business and against lawsuits against the business. How are Corporations and Limited Liability Companies Different? Corporations and LLCs are different in how they are taxed. Because corporations are separate entities, they are taxed at the corporate rate, while LLCs are taxed based on Adjusted Gross Income of the owners. Here is an example: A corporation has a profit of $350,000 for 2007. That profit is taxed at the corporate tax rate of 35 percent. An LLC has the same amount of profit of $350,000. Its two Members each have a 50 percent share in the LLC, so each one is taxed on $175,000 of income on his or her personal tax return. The income from the LLC is included in the 1040 on line 12, and is considered along with other income for that person or couple for that year. From About.com
What does the company Replacements Limited do?
Replacements Limited is a company that stores masses of dineware. If a piece of a set or the entire set has gone missing or broken, this company can provide you with replacements, so that your dineware set will be complete again.
Is a married woman that is a gifted member of a Limited Liability Company at risk of losing interest when filing bankruptcy in a community property state?
If it has value, and can be transferred or liquadated with that value used to pay those who are owed money in the BK, I can't see why it wouldn't be. Nor why it shouldn't be. Limited Liability Companies are set up to limit liability in these situations similar to a corporation. If you are in bankruptcy or sued, generally creditors cannot take assets of the LLC if you are a limited member.
What does the legal structure of business mean?
Its when you decide what your business is going to be about and what products your going to sell! It means a partnership, public company, or a private company structure.
Compare a sole trader with a franchise?
Sole trader - where a business is set up by one person Advantages: Has their own say Makes their own decisions. Disadvantages: Unlimited liability - have to pay everything yourself if you lose money. Franchise - where you buy into an existing company e.g. Mcdonalds Advantages: You are part of a well-known company Limited liability - if you lose monet, you only lose what you put in. The company you have bought into will provide the money
How do you set up as a limited company?
To set up as a limited company, you need to choose a unique name, register with Companies House, appoint directors and shareholders, create a memorandum and articles of association, and issue shares.
