Remake of Topic 2 ACW1020 - List down the key features of the business organisations below by Shamini E.Salvanathan https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf en-us 2025-08-14 04:52:54 UTC 2025-08-14 05:26:02 UTC hello@padlet.com easy to form https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077211 2025-08-14 05:16:49 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077211 unlimited liability https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077527 2025-08-14 05:17:21 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077527 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077630 unlimited liability

]]> 2025-08-14 05:17:29 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077630 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077676 easy to terminate

]]> 2025-08-14 05:17:33 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077676 Owned by one person https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077781 2025-08-14 05:17:45 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077781 Limited Liability https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077782 2025-08-14 05:17:45 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077782 two or more owners https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077838 2025-08-14 05:17:50 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543077838 No Legal Separation https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078081 Business and owner are legally the same

]]> 2025-08-14 05:18:04 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078081 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078095 legal entity

]]> 2025-08-14 05:18:06 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078095 needs to draft up terms beforehand https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078112 such as how much each partner will contribute or earn

]]> 2025-08-14 05:18:08 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078112 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078232 Easy to form and dissolve


]]> 2025-08-14 05:18:15 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078232 Mutual Agency https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078305 Each partner can act on behalf of the firm


]]> 2025-08-14 05:18:24 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078305 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078365 ownership represented by stocks


]]> 2025-08-14 05:18:29 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078365 Complex Formation https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078909 Requires registration and compliance with legal formalities

]]> 2025-08-14 05:19:01 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543078909 Stricter Regulation https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079072 2025-08-14 05:19:12 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079072 Management Structure https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079086 Managed by a board of directors

]]> 2025-08-14 05:19:12 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079086 complete control over business decision making https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079098 2025-08-14 05:19:13 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079098 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079134 A mutual Agency, where there a two or more people


]]> 2025-08-14 05:19:17 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079134 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079181 common


]]> 2025-08-14 05:19:21 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079181 keeps all profit https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079410 2025-08-14 05:19:39 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079410 separation of ownership and management https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079519 2025-08-14 05:19:50 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079519 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079551 separate entities from the owners

]]> 2025-08-14 05:19:54 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079551 managed by board of directors https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079942 2025-08-14 05:20:34 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543079942 profits shared https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080337 distributed according to agreed ratios

]]> 2025-08-14 05:20:57 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080337 Shareholders elect directors to manage the company https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080412 2025-08-14 05:21:02 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080412 Mutual benefit https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080445 2025-08-14 05:21:05 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080445 double taxation https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080573 2025-08-14 05:21:18 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080573 Owned by shareholders https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080775 2025-08-14 05:21:39 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543080775 Joint decision-making https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081003 2025-08-14 05:21:52 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081003 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081129 Formed by agreement between two or more people

]]> 2025-08-14 05:22:03 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081129 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081318 Full control by a single owner


]]> 2025-08-14 05:22:24 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081318 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081871 Management handled by directors on behalf of shareholders


]]> 2025-08-14 05:23:18 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543081871 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543082358 specialization branding

]]> 2025-08-14 05:23:58 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543082358 Lower cost https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543082779 because it is run by one person, there's no need to pay a salary to anyone else

]]> 2025-08-14 05:24:38 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543082779 https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543083821 ownership : shareholder

]]> 2025-08-14 05:26:01 UTC https://padlet.com/shaminiesalvanathan/r6peym0g2736nbtf/wish/3543083821