Subject: Company and Real Estate Guide Thu Jun 07, 2018 11:34 am
Company And Real Estate Guide
Family's are the only groups in control of entire sections of the world excluding group hideouts; land, resources, are either partially or eventually completely under their control, in addition the more powerful a family is economically the more weight they pull when dealing with law enforcement and the like.
As such there is more to being a gangsta then meets the eye and every boss always has a stack of papers for this paticular reason. Once you have established yourself as either a crew, group, or family you can begin working your way up the ladder by occupying business in order to generate a contract upkeep for your group leader.
3 Types of business There are three major types of businesses:
1. Service Business A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.
Examples of service businesses are: salons, repair shops, schools, banks, accounting firms, and law firms.
2. Merchandising Business This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs.
A merchandising business sells a product without changing its form. Examples are: grocery stores, convenience stores, distributors, and other resellers.
3. Manufacturing Business Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.
A manufacturing business combines raw materials, labor, and factory overhead in its production process. The manufactured goods will then be sold to customers.
Hybrid Business Hybrid businesses are companies that may be classified in more than one type of business. A restaurant, for example, combines ingredients in making a fine meal (manufacturing), sells a cold bottle of wine (merchandising), and fills customer orders (service).
Nonetheless, these companies may be classified according to their major business interest. In that case, restaurants are more of the service type – they provide dining services.
Forms of Business Organization These are the basic forms of business ownership:
1. Sole Proprietorship A sole proprietorship is a business owned by only one family or group. It is easy to set-up and is the least costly among all forms of ownership.
The owner faces unlimited liability; meaning, the creditors of the business may go after the personal assets of the owner if the business cannot pay them.
The sole proprietorship form is usually adopted by small business entities.
2. Partnership A partnership is a business owned by two or more family's/groups who contribute resources into the entity. The partners divide the profits of the business among themselves.
In general partnerships, all partners have unlimited liability. In limited partnerships, creditors cannot go after the personal assets of the limited partners.
3. Corporation A corporation is a business organization that has a separate legal personality from its owners. Ownership in a stock corporation is represented by shares of stock.
The owners (stockholders) enjoy limited liability but have limited involvement in the company's operations. The board of directors, an elected group from the stockholders, controls the activities of the corporation.
Another thing to note state will deem how much you have to pay in order to keep your buisness running and in order to get a business a branching mission is necessary no exceptions other than starter business for family's in which they get three and pay from them for 3 weeks before having to start their upkeep
Its that time again people! This month we are doubling the pay from advertising and giving double cash for contracts! Lets give it our all! !!!ENJOY!!!