ipl-logo

Dear Mr Harvey Case Summary

1287 Words6 Pages

01, April, 2016
Dear Mr. Harvey,
Within this document you will encounter a vast analysis regarding your main inquiry of which type of business is the most suitable for you and your colleagues ambitions. In order to do so, below is the outline of the main characteristics of the different types of business organization considering the main advantages and disadvantages. Lastly, you will find a legal advice emphasizing the best options for your needs, taking into consideration all the elements that where addressed in the document.
In order to gain a clear interpretation of the analysis it is convenient to take a deep look into the relevant facts of this case. Mr Harvey, Mrs Julie, and Mr Andrew are planning the creation of a business were each one of them will carry out different responsibilities, three months after setting up the idea of a business where Mr Harvey will obtain the title of CEO, Mr Andrew is going to be in charge of the research and development and Mrs Julie of the Corporate accounting and …show more content…

Partners can be individuals, corporations, companies, among others. The partners shares profits, looses and legal responsibility. The business decisions are made in mutual agreement or majority vote. A partnership is simple to create and requires a low initial investment, is less expensive than other business structures and the partners have a constant activity within the business. In the other hand, the principle disadvantage of a partnership structure regarding to liability, all the partners are responsible for the wrongful actions and debts of the business, and personal assets are not exempt against banks and creditors. A partnership does not obtain tax liability for itself; hence the profit of each partner is taxed individually. Subsequently, the business could disappear if one of the partners decides to dissolute the

Show More
Related

  • Gregory Hawkins Case

    458 Words  | 2 Pages

    Pedophile Pastor Gets Life Times Seven It 's not every day that we hear about prison sentences are rejoice, especially when it 's a pastor being thrown in the tank. When the pastor has been a molester, however, it 's good to hear that justice still exists, even if it is a little late coming. PimpPreacher.com has featured articles on a pastor from Tulsa, Oklahoma, who said he was in love with a 14-year old and was arrested, (twice!) for molesting her and getting her pregnant.

    Read More

  • Nt1330 Unit 3 Assignment 1

    485 Words  | 2 Pages

    Partners are the agent for each other with respect to the conduct of the business which means an individual partner can incur an obligation for which all the other partners are also responsible; 2.

    Read More

  • Francis Valentine Cuthburt Shortis Revenge Case

    1636 Words  | 7 Pages

    Introduction Francis Valentine Cuthburt Shortis came from a wealthy Irish family that had established successful business in cattle dealing. As an only child, Shortis was spoiled by his mother, however, his father thought that his son needed to learn how to be independent. On September 1893, eighteen years old Shortis was sailed to Canada alone on the S.S Laurentian to learn those values (Friedland, 1986, p.3). After almost year Shortis had arrived in Montreal, his mother visited for a month to help her son establish a life in Canada.

    Read More

  • The Case Of Denver A Smith And Leonard Douglas Brown

    102 Words  | 1 Pages

    On November 16, 1972, student protestors at Southern University A&M College located in Baton Rouge took place at the campus's administration building. To remove the protestors, deputies and the state police tossed tear gas canisters into the building, which the people threw back out of the windows. Two students were killed during the protest, Denver A. Smith and Leonard D. Brown. Denver Allen Smith was born August 2, 1952 and died November 16,1972.

    Read More

  • Art Rooney And Joined The National Football Team

    1643 Words  | 7 Pages

    After doing research for this assignment, it helped me to understand that, first various teams and organizations run and do things differently from one another. It showed the variety of positions and the responsibilities that each one holds. It gave me a more defined insight of the corporate structure of the

    Read More

  • Case Study Dynacorp

    1336 Words  | 6 Pages

    Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within

    Read More

  • Harvey Dent Character Analysis

    819 Words  | 4 Pages

    In the movie “Batman: the dark knight” (2008), we are introduced to the character Harvey Dent. He is the District Attorney of Gotham City. Everyone loves him, he is charming and good looking and most important is that he fights for justice. Even though he is a good man, he uses his father’s lucky coin to gain benefits for himself; he suggests playing coin toss over many different things, mainly involving Rachel (the woman Harvey wants to marry). He always picks head because there is a picture of a woman on both sides of the coin.

    Read More

  • Taking A Look At Non-Profit Organizations

    770 Words  | 4 Pages

    Thus, it is designed to provide a corporation with tax efficiencies and flexibility of operating in a partnership which is a feature of limited liability. It is now usable in most states because of the new structure of a type of hybrid business (Megginson et al.,

    Read More

  • Stakeholder Analysis Body Shop

    941 Words  | 4 Pages

    Stakeholder Analysis The answer to whether this partnership will be advantageous to both entities will hugely depend on how each of the management teams learn to understand, value and cater for various stakeholders involved. From an analytical perspective, a stakeholder approach can assist in promoting analysis of how the company fits into its larger environment and how its standard

    Read More

  • Alice Inc Case Study Solution

    1145 Words  | 5 Pages

    What insight is provided by the new profitability analysis? What should Alice, Inc. do to enhance its profitability? What options may be available? Analyze the profitability of the two products

    Read More

  • Summary Of When Does Power Disparity Help Or Hurt Group Performance

    460 Words  | 2 Pages

    However, both of these conditions are quite difficult to achieve in the workplace. The implications of this research in the real world are evident and plenty. This research provides a general framework for how businesses and groups should operate. Instituting a hierarchy is an essential step to an organized and efficient firm. Based on the results and conclusion of this article, the researchers took the initiative of supplying more advice on effective business managing that had been extrapolated from their data.

    Read More

  • The Advantages And Disadvantages Of Ikea's International Strategy

    1026 Words  | 5 Pages

    Due to different country’s policy, different business model are required for IKEA to run their business. For examples, IKEA will need to implement joint ventures as their business model to become successful in the Indian and China marketplace. Since the government for these countries requires that local business operations own about 51% control by Indian nationals, IKEA 's should find the right partner for its own. There are some advantages and disadvantages for IKEA to implement Joint venture as their business model. For the advantages are provide an opportunity to IKEA to access to the new markets and distribution networks, increased capacity to expand their business in foreign market, IKEA can share the risks and costs together with their partners and it will help IKEA to access to local resources, including specialised staff, technology and finance aspect.

    Read More

  • Relationship In Project Management Essay

    823 Words  | 4 Pages

    TASK IV: PARTNERSHIP IN PROJECT MANAGEMENT Partnering is a project approach designed to allow the construction process to be performed within an atmosphere of mutual trust, commitment to shared goals, and open communication among the partnering members while working in harmony toward mutual goals in order to avoid claims and litigation and establish a win/win management approach. For the complex and large-scale Atlantis project, the contractually associated construction partnering between Laing O’Rourke and NORR along with various other members like Rockwell Group, WATG, EDSA, helped to create working relationship among all of the team members based on mutually agreeable plan of cooperation and teamwork to improve productivity. The main objectives of Atlantis project partnership included reducing project costs and schedules, eliminating change orders and claims, improving communication by developing

    Read More

  • Virtue Theory In Business Ethics

    958 Words  | 4 Pages

    Each and every goal should be analyzed to determine the potential impact on firm

    Read More

  • Sole Proprietorship Pros And Cons

    1021 Words  | 5 Pages

    Also, it happens to be a separate entity from the partners. Cons: Every partner is responsible for their own negligence, misbehavior, etc. While every partner is responsible for their actions, if someone under them makes a mistake the partner takes the blame for that also. Not to mention, LLP is only available for specific occupations.

    Read More

More about Dear Mr Harvey Case Summary

Open Document