Answer1 Part A
The café is running by two partners and it’s not a separate legal entity. Equal profit sharing among partners on the basis of their investment. Both partners are subjected to unlimited liability for any debts, the café incur during their normal course of business. Whatever profit generate during normal course of business will directly to go income account (personal accounts) of the partners and it’s taxable under ATO.
Answer1 Part B
Partnership is the current business structure between Rachel and Stacey but this business structure is not most suitable for the café because of the following inherent disadvantages of partnership.
1. Unlimited Personal Liability: if any of partner has committed something wrong or has taken a wrong business decision, then other partner must be fill liable for end consequences and debt. 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.
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Transfer of partnership interest may not be easy: In partnership, the identity changes at any time either by partner members coming out of the partnership or by joining of new partners. But in both cases, we need to dissolve the old partnership first and to create a new partnership. Any single partner can dissolve the partnership any point of time and the process of this dissolution and final assets and obligations transfer can be quite tedious. The right to be a partner cannot be assigned or transferred to another person without the unanimous consent of the other partners; the profits and losses generated by the partnership business are taxable in the hands of the individual partners.
In light of these two most common disadvantages of partnership, the café must use business structure which offers limited liability and where entry and exit is easy without disrupting normal course of business
As an example, the above print screen Figure1 a network I configured in Cisco Packet Tracer. In RIP a hop is counted as a metric from router to router. So if the source in this example is “PC-Jemine1” with the destination being “PC-Jemine2” RIP would use a hop count of 5. This would be: ➢ Source =PC-Jemine1 ➢ Router 0 to Router 1 =
This would be an excellent business organization because there wouldn’t be any liability since the owner has the money to purchase the chocolate machine so there wouldn’t be any debt. Also, the ownership would be shared so there wouldn’t be a lot of pressure on what person. Next, since the business has failed the first couple of times this partnership can be the start for new ideas in order to keep the business from shutting down as the previous times. Lastly, the partner should be good at handling day-to-day operations, so the other person wouldn’t have to struggle with that.
In the architecture, there are different modules like- Prime number generation and test by Rabin-Miller module, initial key-exchange and authentication, secure communication initiation, peer to peer authentication, hybrid encryption and hybrid decryption module and third party module. Another new aspect is challenger module will only allow one client to securely communicate with the server so communication architecture is peer to peer only but multiple clients can try to connect, so they will be connected to server but will not be authenticated to start messaging they have to wait for authenticated communication clearance one by one. Here the flow diagrams are described in two parts –First in Fig. 1 the generic communication model and in Fig.
However, these two solutions are just extreme examples of how work may be allocated among a server and handheld client. Depending on circumstances, solutions in between these extremes may be useful and necessary. If one limits the discussion to a typical AR system which uses a single video source for both tracking and video see-through display, the processing pipeline is composed of the following main tasks: video acquisition, tracking, application computation, rendering, display. Offloading some of these tasks to a computing server is an instance of horizontally distributed simulation, and it is established knowledge that a scalable solution (many clients, many servers etc.) requires cautious use of the available network bandwidth. Communication
General partners will bear personal liability for the partnership’s obligations, liabilities, and debts. Partnerships can be expensive to establish versus sole proprietorships because of the additional legal and accounting services. A limited partnership would be a recommendation to Painted Images with an agreement being developed due to the amount of investments provided by each investor. There should be a detailed description of how the business decisions are to be made, how disputes will be resolved, and the mangement role of the owner with unlimited
The Broadway Café is an everyday restaurant that concentrates on everyone’s favorites, such as coffees, teas, sandwiches, soups, salads and more. This business has been operated for more than 40 years, but due to financial situations, the shop had to be shut down. Many approaches have been taken into action for improving the café. The business needs a viable advantage though machinery, develop a network where people can communicate among others, implement various operations and plans for solutions to the café.
Legal environment of franchising Outline: I. Introduction II. Definition of franchise, franchisor and franchisee III. Rights and obligations IV. Types of franchises V. Payments and contract arrangement VI. Franchise regulations in the USA and in the EU VII.
Shania has five options in which to consider for her new business: sole proprietorship, a partnership, a corporation, a joint venture, or a Limited Liability Company (LLC). Shania must weigh the benefits and detriments associated with these different opportunities in order to accomplish her business goals. The advice provided will help her make a sound decision on which business form to choose. The first possibility is sole proprietorship, the easiest startup option, is where she would be the sole owner of the coffeehouse.
The partners share the profits or losses of the business which they have invested. In general the partners in the business are legally responsible for the business and the overall control rests with the
A corporation is owned by shareholders, who profit from the company 's gains. A partnership is owned by two or more people who divide the business ' profits. Also, corporations can raise funds easier than other businesses, according to the U.S. Small Business Administration. Corporations can sell stock to raise money for business expenses or cover debts. Whereas partnerships must try to come up with funds on their own, or turn to loans or credit programs to raise money.
As an exchange, Gloria will lose control to some certain extent and Victor Serna will have more engagement in business than her friends and family members. If Gloria chooses to maintain franchising, the company may have cash flow problems easily and it will grow slowly. What’s more, it is difficult
Usually, Partnership is formed by partnership agreement; A contract between individuals defining partner duties, share of profit and loss for each partner and explaining what if the situation in case of any death and withdrawal of a partner from the business. The partnership is relatively simple to establish in comparison to corporations and LLC. Profit of partnership business passed through the partner's individual returns and taxed as per personal income tax. Partners are braced with unlimited liability for the debt. Conflict and disagreement among partner can delay in the critical decision with the consent of all partners is required for a business decision.
In backing of neighborhood group Starbucks began "Association ENGAGEMENT" venture .They build a more secure and brilliant play area for the Duang Prateep Foundation Day forethought focus in Thailand. Each dollar used on the Starbucks store on a normal $2.23 is returned on the neighborhood group through representatives ' wages, advantages, expenses and installments to nearby
Tech Café business structure will be general partnerships. General partnership is an agreement between two or more people to operate a business. Each general partner has equal responsibility and authority to run the business. Each partner should be involved in decision making and day-to-day operations of the business. Tech Café is equally owned by and managed by its five partners.
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.