Nobody downloaded yet

Assignment 1. Apex Training Company - Coursework Example

Comments (0) Cite this document
Summary
Assignment 1: Apex Training Company Establishing Apex as a Sole-proprietorship Firm Apex was developed as a sole-proprietorship firm by Martha owing to the following advantages or benefits that would be obtained from such an organizational structure. Firstly, it was observed by Martha that setting up a sole-proprietorship firm was quite easy in that no specific registration was required for the firm to be held as a separate legal entity…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Assignment 1. Apex Training Company
Read TextPreview

Extract of sample "Assignment 1. Apex Training Company"

Download file to see previous pages Thirdly, formation of a sole-proprietorship firm helped Martha to save taxes related to business and professional revenues. Fourthly, setting up a sole-proprietorship business helped Martha gain on profits and revenue solely. She was not obliged here to share the revenues and profits earned with other business partners (Madura 160). Concerns about Sole-proprietorship Sole-proprietorship business, although it does have the above advantages, also has certain grave shortcomings, for which Martha’s accountant related his concerns. The salient disadvantages or shortcomings emanating from sole-proprietorship business can be underlined as follows. Firstly, it would be difficult for Martha, operating as a sole proprietor, to obtain loans from banks and financial institutions. Thus continual stress is imposed on personal finances of the sole proprietor. Moreover, the accountant was further concerned wit that the corporate investors tend to abstain from investing in sole-proprietorship firms owing to a greater fear of loss than in a partnership or other limited liability ventures. Thirdly, the clause of taking decisions in an autonomous fashion by the sole proprietor, though acting as an encouraging factor, can happen to create separate risks owing to possibility of different emergencies. Fourthly, the accountant was also concerned that running a sole-proprietorship firm, though encouraging, invites a large number of uncertainties owing to the possibility of an accident happening to the sole proprietor. At that time it would become difficult to carry on the business operations of the firm in an effective fashion (Williams and Murray 45). Advantages and Disadvantages of Partnership and LLC form of Business Formation of partnership form of business would relate the following advantages for Martha. Firstly, partnerships, being based on the mutual understanding of two or more people, are easy to form and are also supported by state legislation. Secondly, unlike sole-proprietorship, the partnership form of business has the applicability for gaining loans from financial corporations. Thirdly, the business being formed with the help of two or more people would help Martha in gaining due help pertaining to business and operational expertise. Fourthly, the operation of the firm based on the decision of two or more members would help the business operate flexibly in changing external conditions. Fifthly, partnership form of business is exempted from income tax. The only tax levied is on the personal income of the partnership members. However, the partnership form of business also suffers from certain pitfalls like it makes the individual members liable for the total debt and malpractices irrespective of the conduct. Secondly, loss of mutual consent leads to conflicts among the members. Thirdly, profit sharing in partnership is a difficult affair owing to difference in time and capital rendered. Finally, calculation of a share of a member during his or her exit is a tedious affair in partnership business (Gitman and McDaniel 103-104). Again formation of a Limited Liability Company or LLC would help Martha in defining the limit of liability of the different members in the firm thus reducing the threat of bearing total losses. Secondly, a LLC company has the potential to perpetually exist unlike a partnership or ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assignment 1. Apex Training Company Coursework Example | Topics and Well Written Essays - 1000 words”, n.d.)
Assignment 1. Apex Training Company Coursework Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1455512-assignment
(Assignment 1. Apex Training Company Coursework Example | Topics and Well Written Essays - 1000 Words)
Assignment 1. Apex Training Company Coursework Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1455512-assignment.
“Assignment 1. Apex Training Company Coursework Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1455512-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Assignment 1. Apex Training Company

Training Policy

...?Training Policy Table of Contents Training Policy Table of Contents 2 Introduction 3 Overview of the Company 5 Training & Development 6 Importanceof Training 8 Training Policy for GCAS 9 Conclusion & Recommendations 12 Works Cited 13 Introduction The aspect of providing training to the employees is considered to be an endeavor for enhancing the proficiencies or even to make further additions to the subsisting extent of knowledge. Training programs or rather policies are considered to be quite essential as they facilitate the employees in developing skills for the reason of carrying out the current task...
10 Pages(2500 words)Assignment

Training Module

...management systems. United States: American Society for Training and Development. Gautreau, C. (2011). Motivational factors affecting the integration of a learning management system by faculty. The Journal of Educators Online 8(1), pp. 1-25. Gullett, E. & Bedi, K. (2007). Wiki: A new paradigm for online training and development of faculty. Retrieved from http://www.ascilite.org.au/conferences/singapore07/procs/gullett.pdf Koller, V., Harvey, S. & Magnotta, M. (2010). Technology-based learning strategies. Social Policy Research Associates, pp. 1-44. Nasreen, A. & Mirza, M. S. (2012). Faculty training and development in the public sector...
5 Pages(1250 words)Assignment

Training Module

...?Training Module for Managers on helping Employees manage their work/life boundary Introduction As a manager of a multinational company, or small scale business or any other organization there is the need to help people working in the office to manage their work/life boundary. I chose this subject keeping in view the immense importance of managerial skill in enhancing an employee’s performance level. Human resource management is concerned with “the entire employment relationship along with all the decisions, actions and issues involved in that relationship” (Deb, 2006, p.8). Since it is the responsibility of the manager to cultivate motivation and increase creativity in an employee, therefore it is...
3 Pages(750 words)Assignment

Training

...on organizational performance in Greek manufacturing firms,’ Thunderbird International Business Review, vol. 49, no. 1, pp 1-35 King, G., 2012. Handbook for training panel members for quality assurance procedures, ECA Occassional Paper. The Hague. McNamara, Carter. (2008) Employee training and development: Reasons and benefits. New York: Authenticity Consulting, LLC. Owens, L. (2006) ‘One more reason not to cut your training budget: The relationship between training and organizational outcomes,’ Public Personnel Management, vol. 35, no. 2, pp. 163-171. Peacre, A. & Robinson, B. (2009). Strategic management, formulation, implementation,...
6 Pages(1500 words)Assignment

Assignment 1: Training and Development in Small Businesses

...created value and hence can be justified. Possible Challenges 1. Employer Reluctance When training programmes do not mirror the aspirations or requirements of small businesses, which most often is the case, many employers are reluctant to train their employees. There is the fear that employees may leave the organisation after undergoing training without any benefit whatsoever to the firm. Such aspects need to be addressed and the benefits accruing from the training should be spelt out at the outset. 2. Trainer’s Perception The trainer should discuss the needs of the business concerned well in advance. He/She should also study the specific requirements...
5 Pages(1250 words)Assignment

Training Plan

...Knowledge of merchandise Store In order for sports industry to meet the changing needs of demographic, it is essential that new trainees become more dynamic, flexible and innovative with knowledge of general sports, sports fashion/ attire, and outdoor activities. New employees of Sport Check must understand that the firm is the leading retailer of sporting goods in Canada. Therefore, having the privilege to work in the merchandise store exposes the employee to the greatest product brands that exist across the globe. All new employees of Sport Check merchandise store should have a guide that examines possible steps to take into consideration when taking up responsibilities in the store. The document acts as a guideline... of merchandise Store ...
6 Pages(1500 words)Assignment

Training Plan

...for this position. The full extent, including on-going training can take up to 6 months. The role of customer service at Sport Chek is responsible for acting as a link between customers and the company. The main roles include assisting with orders, complaints, errors, billing, account questions, and cancelations. There are a variety of resources needed to properly train new employees including space, computers, printer/paper, online training modules and of course, time. All in all, the new hire will cost approximately $1000, which shows how important employee retention is. Training Plan 1. Training Context Learning...
6 Pages(1500 words)Assignment

Training Plan ( Training & Devolpment)

... Teacher Training Plan for Time Management Learning Objectives To imbue the importance of Time Management To enable to set their SMART To enable students to do effective time management that would enable them to prioritize and do their work efficiently Participants Students of my class Scope Concepts of Time Management, Time Management tools (i.e. SMART, Time Matrix, making calendar) Date June 08-09, 2014 Location (your university and classroom number) Duration Lecture and discussion – 3 hours (with 15 minute Exercises and workshops – 3 hours Evaluation and Feedback – 1.5 hours Expected outcome/benefit Higher productivity for students due to their ability to manage their time and activities effectively. Training methodology... The...
3 Pages(750 words)Assignment

Training Project

...their employees in time management and stress reduction strategies. The participants should acknowledge the importance of work/life boundary in improving organizational productivity and increasing employee retention. The participants should be capable of designing a work/life boundary training program for their subordinates. Summary of the training project Training Program description The training program will enable both lectures and case study analysis. The training will entail one-hour lecturers everyday for a period of five days. The lecturers will be conducted inside the company premises. Purpose of training...
2 Pages(500 words)Assignment

Choose 1 public Uk company and 1 charity company

...TEARFUND AND TESCO Tesco Tesco was founded in 1939 by Jack Cohen and it initially did not work as a supermarket but rather was a group of market stalls. The Name of the company (Tesco) was first used in 1924 and the first Tesco supermarket store was opened in 1929 in Barnet. Tesco had a burst of growth in its early years and only 10 years after the first year was opened, it has already had over a hundred stores across the UK. For a long time since the Tesco Stores Supermarket was started, it focused on the UK market and also focused on a narrower product range (James, 2012). However, as from the early 1990s, the firms started expanding geographically as well as in terms of the product range. Today, the firm sells tens of thousands... to take...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Assignment 1. Apex Training Company for FREE!

Contact Us