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What is business entities?
Business entities are mainly understood as enterprises that carry out commercial activities and operate in various organizational and legal forms.
How many forms of business entities do you know?
Sole ownership; Partnership; Corporation; LLC
What is an enterprise?
The main unit of production, economic and commercial activity, an independent economic entity that manufactures products, performs work and provides services in order to meet social needs and make a profit.
Can Unitary Enterprise sell properties?
no, cannot sell it without state permission
What is Leasing?
Leasing - is a way of renting an asset that the business requires, such as a coffee machine. Monthly payments are made and the leasing company is responsible for the provision and upkeep of the leased item.
Where is Musharakah used?
Startup financing; Home financing and Investment in real sectors
Advantages of Venture capital and business angels
1. gain more quickly
2. they may offer advice and help
3. potential to raise huge amount of money
Describe Unitary enterprise
A unitary enterprise is a commercial organization that is not endowed with the ownership right to the property assigned to it by the owner.
Which form of legal entities include cooperatives and public associations?
non-profit organization
Main difference in terms of shareholders between LLC and Joint Stock Company
in the number of shareholders like LLC includes maximum 50 whereas in JSC is limitless.
Bonus
+300
What is the main difference between the purpose of non-profit organization and commercial organization?
Commercial organization usually focuses on getting profit for its primary purposes while the first one aims to meet social needs of population
The board of directors of a joint-stock company is elected by............
The shareholders are the owners of the company while the Board of Directors is the chief managing body elected by the shareholders.
Provide an example for General partnership
Law firms and accounting firms
In what forms can the borrowed capital be taken?
loans, credit cards, overdraft agreements, and the issuance of debt, such as bonds
Profit Distribution of Limited partnership
General partners receive higher returns; limited partners receive passive income
Examples of gambling activities
playing cards, mahjong, lottery, lotto, etc.
Tell about General partnership and Limited partnership; and their differences
A General Partnership is like a traditional partnership where all partners share responsibility and risk
A limited partnership offers a way for investors to participate in a business without taking on the same level of risk as the general partners
key principles of Musharakah
Joint capital contribution, Profit sharing; Loss sharing; Joint management
The main drawback of Retained profit
once the money is gone, it is not available for any future unforeseen problems the business might face
How is the State Unitary enterprise financed and give examples
fully financed by the state budget
How much is the minimum authorized capital of Joint-stock company?
no less than 400thousand US dollars
When does the partnership turns into sole proprietorship?
when one of the partners dies and partnership interests cannot be passed to heirs no matter what is specified in the partnership agreement.
peshanasi sho`rlar
-500
What is Hire Purchase?
is used to purchase an asset, such as a delivery van or piece of equipment. A deposit is paid and the remaining amount for the asset is paid in monthly instalments over a set period of time. The business does not own the item until all payments are made.