The charity has thousands of employees who have done work in over 90 countries in many continents. Some of the countries they have worked in include Zimbabwe, Sri Lanka, Chile, the United Kingdom as well as many more. As Oxfam is a charity, it is in the voluntary sector. This means that is it a non-profit organisation. The purpose of Oxfam is to help find and introduce lasting solutions to help combat poverty around the world.
Proprietorship has three important advantages: it is easily and inexpensively formed; its subject to few government regulations and; its income is not subject to corporate taxation but is taxed as a part of the proprietor’s income. Limitations include: difficulty obtaining capital needed for growth; having an unlimited personal liability for business debts can result in losses that exceed the money invested in the company and; life of a proprietorship is limited to life of its founder. For these reasons sole proprietorship is used mainly for small businesses. A partnership exists when there are two or more persons or entities associate to conduct non-corporate business for profit. Partnership agreements define the ways that any profits and losses are shared between partners.
Private companies have a relatively small number of shareholders and do not offer or trade shares to the general public. The Purpose of a Limited partnership organisation is to make profit, Limited partnerships are usually owned by two or more people, which they finance and run join tly for personal gain, in this type of organisation. Profits are shared equally. A Public Limited company (PLC) this organisation is similar to a structure of a private company, however their purpose involves a more long-term strategy for profit making. Shareholders own PLC’s, and unlike private limited companies these are advertised to the public.
All opticians practicing in Australia must be registered with the General Optical Council, the profession’s regulatory body, and are listed in the Opticians Register. As part of his professional code and conduct, he is completely liable for prescriptions and transactions under his signatories or supervision. The Organization is a private international optical company and the Australian optical retailing market leader with a third of the country's optical retail sales. With over 2,500 stores across the world, it has stores in Europe, Australia and New Zealand. It operates the largest optical manufacturing facility in the Southern Hemisphere.
Nonprofits are allowed to make a profit but it can only be used for the operation of the organization. When a nonprofit organization goes out of business its liquidated assets proceeds are given to another nonprofit organization whereas in a profit organization the liquidated assets proceeds are split among the shareholders and owners. . (Fritz, 2013) Not-for-profit hospitals are organized under the Section 501 (c)(3) of the Internal Revenue Service (IRS) tax code, and as such, are exempt from federal and state taxes and generally from local property and other taxes. Not-for-profit hospitals also have access to tax-exempt bond financing and have tax-deductible status for gifts and contributions (Barton, 2010) According to Heleni Smith private hospitals can classify as profit or non-profit, however nonprofit makes up the majority of hospitals in the United States.
Barclay’s ownership is a PLC company that this means that it is not owned by just one person as in a PLC organisation people can buy shares and this means that people own parts of the business. Therefore Barclays has shares on the London stock exchange for people to buy and it has many owners. Barclay’s aims and objectives are to: * Make sure that make profit- they do this by making customers take out loans, mortgages and giving them a credit card. They make profit mainly from these 3 services because customers pay them back with interest. * To make sure their customers are happy with the products and services
Aldi is a private business which is owned by private individuals, with aims such as to make profit and expand, finance comes from the owners own money and or the businesses profit. Also Aldi is in the ‘Tertiary sector’ which provides services to other businesses or customers by selling the finish product. Aldi is a private limited company (LTD). As well as Aldi are a limited liability business which means that the owners are legally responsible for its debts only to the extent of the amount of capital they invested. The other company I am doing is Macmillan.
For this, you must have expertise in finance. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. | Advantage | Disadvantage | Sole proprietorship: | -easily and inexpensively formed-subject to few government regulations-income not subject to corporate taxation | -difficult to obtain capital needed for growth-unlimited personal liability-life of proprietorship limited to life of founder | Partnership: | -easily and inexpensively formed-subject to few government regulations-income not subject to corporate taxation | -difficult to obtain capital needed for growth-unlimited personal liability-life of proprietorship limited to life of founder | Corporation | -unlimited life-easy transferability of ownership interest-limited liability | -corporate earnings may be subject to double taxation- more complex and time- consuming than creating a proprietorship or a partnership | c. How do corporations go public and continue to grow?
Combined, these stadiums held 172,000 people, however, due to the satellite link-ups and television broadcasts it reached an estimated global audience of 1.9 billion. Making it one of the largest broadcasts of all time – and therefore giving a previously unheard-of reach to the artists performing whilst also spreading the word of poverty for charitable reasons. Concerts inspired by the same ambition also occurred on this same date in many other countries, including Russia, Australia and Germany, and thus really proving its global significance. Viewers were constantly asked to donate money to the Live Aid cause throughout the concerts with a call-in phone number and an address that viewers could send cheques being shown every twenty minutes. Seven hours into the London concert Geldof was told that the amount raised so far had been a mere £1.2 million.
Accrual basis accounting is used by the large businesses in the United States, Canada, and in most foreign countries for the statements is prepared according to the generally accepted accounting principle (GAAP). Most businesses use the accrual statements like the GAAP to get loans from banks and get a better focus on the company’s business for the future. So the accrual accounting is necessary for small companies and a private company that what to focus on their outlook for the future. Some company’s prefers not to use the accrual basis for it is costly and some do use it for it shows the loss and profit of the