Sole proprietorship

A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner may operate the business alone or with other people.

Partnership

A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.

Corporation

The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as not-for-profit organizations.

Cooperative

Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.

Restructuring state enterprises

In recent decades, various states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system

jeudi 30 juillet 2015

Myths about millennials

ONE of the perks of getting old is that you are allowed to talk nonsense about the young. Plato was said to have complained that young people “disrespect their elders” and “ignore the law”. Peter the Hermit griped that they “think of nothing but themselves” and are “impatient of all restraint”. Today, grizzled business pundits tend to mix in some praise with their gripes. But they abuse the privilege of age as much as anyone ever did.

Such modern-day sages tell employers they must adjust their management styles to meet the expectations of millennials—those born between 1980 and 2000, also known as generation Y. These people are now the largest group in America’s workforce, making up 37% of the total, compared with 34% for the baby-boomers—those born up to the mid-1960s, now retiring in droves. It is often pointed out that millennials are the first generation to have grown up in the digital era. That is true, but much else that is said about them is conjecture. They are said to be natural collaborators. Everything from their education in kindergartens to their participation in social media has turned them into team players. But at the...Continue reading

Source :Business and finance http://ift.tt/1U9MtB2

U.S. economy rebounds with 2.3% growth in Q2

Offshore Wind

The U.S. economy rebounded in the second quarter, with GDP growing by 2.3 per cent, according to the Commerce Department.



Source:CBC | Business News http://ift.tt/1IumMax

U.S. economy rebounds with 2.3% growth in Q2

Offshore Wind

The U.S. economy rebounded in the second quarter, with GDP growing by 2.3 per cent, according to the Commerce Department.



Source :CBC | Business News http://ift.tt/1IumMax

Will Britain or America raise interest rates first?

AMERICAN and British central bankers face a similar tough choice. On both sides of the Atlantic, the economy is growing moderately, and unemployment is closing in on 5%­­. As a result, wage growth is picking up. But inflation remains low: 0.2% in America and zero in Britain, according to the central banks’ respective preferred measures. And nobody is certain how much slack remains in labour markets­­—a key determinant of inflationary pressure. In this mixed environment, when is the right time to raise rates? And which rate-setters will go first?

First, take growth. This week new GDP data on both sides of the Atlantic showed continued—if unspectacular­­—growth. America’s economy expanded at an annualised pace of 2.3% in the second quarter. It did not shrink in the first quarter, as previously thought. So far in 2015, America has grown at a 1.5% annualised pace; buoyant Britain has managed 2.2%.

Both demand and supply affect GDP growth, making it hard to judge whether the economies could do better. Debate rages about long-run supply potential in the aftermath of the financial crisis. Jeb Bush, the...Continue reading

Source :Business and finance http://ift.tt/1KBqQYB

Shell to cut 6,500 jobs to cope with long period of cheap oil

Britain Earns Shell

Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices, expecting to eliminate 6,500 staff and contractor positions this year.



Source:CBC | Business News http://ift.tt/1OR2RU3

Shell to cut 6,500 jobs to cope with long period of cheap oil

Britain Earns Shell

Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices, expecting to eliminate 6,500 staff and contractor positions this year.



Source :CBC | Business News http://ift.tt/1OR2RU3

Energy consultant launches class-action lawsuit against TransAlta

TransAlta Takeover 20091005

An Alberta electricity consultant has launched a class-action suit against TransAlta and is encouraging commercial and industrial businesses to get involved.



Source :CBC | Business News http://ift.tt/1Dcg0pB