Explain The Structure Of Business Organizations

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

Corporate group is one of the most popular business structures in Australia. To be popular is because forming subsidiary companies will bring a lot benefit for parent company, such as reducing business risk, separates working duties. The famous Salmon’s case identify that each subsidiary company should stay as separate entity, after the court determine agency relationship is not exist between corporate groups. Thus corporation veil should apply on the subsidiaries in order to stop third party to review company’s detail information. Unfortunately, until now there is no official procedure provided to regulate the agency relationship. Therefore, how to testify cooperate veil in agency grounds becomes an arguable concept. Indeed it is unsurprisingly to find out piercing corporate veil is also a vexed issue to decide. In this report, there are two major parts. The determination for agency relationship including overwhelming control from parent company and poolling provision provided will be presented in the first part. Then in the second part we will list in certain condition such as using subsidiary company to make fraud or breach the duties and more importantly when there exists agency relationship between parent and subsidiary company will causes the result as lifting corporate veil.

Liability: The owner/operator of a Sole Proprietorship is subject to full and unlimited financial liability for the business. The owner and the company are legally the same entity. The company’s assets are legally the same as the owner’s personal assets.

responsible for business debt, and has one or more limited partnership who are only liable to

This is the most common type of company and is what most people have in mind when considering whether or not to set up a company. Each shareholder’s liability is limited to the amount unpaid on the shareholding owned by them. However, the shareholder must also be aware that they run the risk of losing monies paid to the company whether in full or part payment of the shares owned by them.

This is an analysis of the four different forms of business organization. It is a review of the advantages and disadvantages of each form, including the tax, legal, and, accounting implications that surround them. The different type of financial statements associated with each form of business organization is also discussed. In this paper, based

Opening its doors in Rogers, Arkansas, Walmart started a profitable business in 1962. The founder, Sam Walton, could never have envisioned where his company would be in the present. Earning approximately $30,000 in 1962, Walmart has evolved into a multibillion dollar company earning over $15 billion in 2011 (Walmartstores.com, 2012). This evolution could not have come without careful planning, strategic implementation, and control of its business processes. These factors are the deciding factor in choosing the correct organizational structure.

Liability: The operator/proprietor of a Sole Proprietorship is subject to the full and indefinite financial liability for his/her business. Both the owner and the company is one in the same legally. The company’s assets are legally the same as the proprietor’s private assets.

Sole traders are any businesses that are owned and controlled by one person which they are entitled to keep all profits. Examples of sole traders can be hairdressers, newsagents and window cleaners.

You have five basic choices when setting up business entities: sole proprietorships, partnerships, limited liability companies, S corporations and C corporations. Most small businesses benefit by choosing the LLC structure because it protects you from personal liability and your profits pass through for simple taxation treatment, instead of being double-taxed like regular C corporations.

The structure of financial and business organizations have evolved over time, and the subject of remuneration of CEO’s has become a debate across society particularly during the global financial crisis. With the current economic situation, the debate over CEO pay has further intensified with more people questioning whether CEO salaries commensurate with their overall contribution to the value and overall success of the organization. A chief executive officer is a person within an organization’s senior management group who is employed at a corporate level (Perkins). It cannot be denied that CEOs have a great amount of influence over their company and are responsible for defining and executing a company’s strategy. Through their actions CEOs

Today we will look at Company B. We will begin with an overview of the organization, what category of industry it falls under, and some of the products the organization offers. Next, we will explore the current status in the organization, that is, the current state of affairs in the organization with regard to products as well as the internal organizational structure, the factors that contribute to the structure, the effectiveness of the structure. Then we will investigate the steps the company has taken to modify how it views innovation and how this has affected the organization’s strategy. The first potion of this presentation will conclude with a discussion of potential advantages and disadvantage of the current

An organizational structure is a composition that specifies a company 's hierarchical structure. There are various kinds of conformations that organizations can choose to build their business around. The organizational structure exemplifies the way in which control and business affairs have been appointed within the organization. Organizational structure encompasses the design of an organization though people positioning and responsibilities in order for organizational goals can be reached. Some of the time, a formal structure is not necessary due to a small informal business setting. In large organization responsibilities must be distributed. Hence, the reason that policies and procedures are established that assign responsibilities for numerous positions. The determination of these organizational functions (such as marketing, finance, human resources, and operations) influence and determine the organizational structure of your an organization. The three main types of organizational structures are functional structure, divisional structure, and matrix structure.

It’s a common understanding that a given business organization is established with the main aim of making profits. In order to realize the set goals and objectives of such a business organization, there are certain departments charged with distinct roles within the organization. Furthermore, these goals and objectives are usually defined in terms of economic prosperity that is manifested through huge volume of sales as they reflect huge returns. One of these departments includes the human resources department which has a responsibility of interviewing, hiring, remunerating as well as promoting employees. It’s one of the most important department in a business organization as the employees working under it are the ones who provide the required human labor to the organization. Since the human resources department attends to matters concerning human resource, it has a crucial role of recruiting new employees for a business organization according to their capabilities, experience as well as qualifications. Global Hiring is an important topic HR would have to consider. The Disney Company is a prime example of how to manage the Pros and Cons that come with global hiring.

This is a business that is owned by one person. Sole Traders are responsible for raising all the finance to set up and run the business. Usually a sole trader would be for a small business/ (businesses with a flat organisational structure). A Sole Trader can be held responsible for all the debts of the firm. Most owners like to feel in control of their own business, so this may lead to many small businesses to stay as Sole Traders, even though this will