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Types of ownership

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Introduction

Types of ownership My business will be a sole proprietorship because I will be in charge of the business but I would need to employ people to help me run the business. As I decide what happens to the profits I would pay for wages and then spend the rest on repairs and debts until I had paid off the necessary debts and loans. I have chosen a sole proprietorship because I get to be my own boss and if I am deciding what happens to the profit I know it will be spent in connection with the business .The disadvantages wont affect me because I have employed people t work for me therefore I wont have to work long hours .All skateparks around the uk are unincorporated because people ride skateparks at their own risk so if they injure themselves it is there own fault. The only way I could get prosecuted is if they are injured due to bad maintenance of the park i.e. ...read more.

Middle

If you have a poor cash flow there is a lack of working capital. This can result in a lot of other problems like staff not getting paid on time and if loans aren't repaid firms may take legal action against this and reposes things making the business unable to sell products. Employees 5 employees on minimum wage of �3.20. It would be open 6 days a week from 3- 9 on weekdays and 12- 9 on Saturdays. Sundays would be set aside to make repairs on ramps. 5 CONISTON CLOSE CONNAHS QUAY DEESIDE FLINTSHIRE Phone 01244 821837 Fax 01244 821837 E-mail SMITHFAMILY@HOMECH54UL.FSNET.CO.UK Personal details First name: mark Other names: Daniel Surname: smith D.o.b.: 29/09/1975 Address: 5 Coniston Close, Connahs Quay, Deeside, Flintshire, CH5 4UL Nationality: English Educational details Schools attended: Connahs Quay High School 1987-1992 Deeside College 1992-1995 Qualifications A level in Business Studies, 11 gcse's from a-c Work experience 2 weeks engineering at Deeside College 6 months glass collecting at Gillespies bar Park Layout Prices Time Price ...read more.

Conclusion

I could also watch around the streets and see how many skateboarders, rollerbladers and bmxers are thrown off where they skate/ride which wouldn't happen in a skatepark. If they always get thrown off these spots they would be in favour of a skatepark anyway. Costs Costs are needed for a business to get equipment and set up a business. Identify sources You can identify sources from other businesses and by the competition. Utility costs Utility cost is how much it would cost to start up and then keep it running. This can be found out by a bills estimate, which can be found on the Internet. Presentation Using tables and graphs and attaching text notes will sort out my presentation. Costs Costs include; electricity Phone line Ramps Steel coping Nails 3mm plywood Bins Staff Till Lighting Shelves Fridge Freezer Sound system Speakers TV and video player Seating Warehouse Helmets - Target market segment I would not have good facilities for anybody under the age of 12 with no great understanding of the sports or ability to do the sport ...read more.

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