Limited liability companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not as protected.
Australian Potash has harvested 11 tonnes of potassium rich salts in its first harvest pond at the Lake Wells sulphate of potash project in the Goldfields region of WA. Once the third and final evaporation step is completed, a blend of salts from all three harvest ponds will be processed to a refined a sulphate of potash product at the company’s pilot processing plant.
Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.
TNG Ltd has hit a major milestone at its Mount Peake vanadium-titanium-iron project in the Northern Territory with the grant of four mineral leases over the development. This adds to the recent signing of the Native Title Agreements and binding term sheet for titanium offtake, providing the company with the security of tenure it needs to seek project financing.
There are a number of opportunities for businesses to secure short-term leases in vacant commercial premises through the city. Take a space for one week, one month or one year and take advantage of the flexibility of a short-term commitment that enables you to experience a new location, trial a product, test the marketplace or gain exposure for your business.
Prior to your appointment we had run our own series of advertisements in Victoria, but were making little progress. From only 2 advertisements you were able to produce a number of prospective purchasers which resulted in a full price offer being received within 5 weeks of your appointment. This was extremely pleasing as car care is not yet an established brand in Victoria. Your business report was particularly well presented and is far more professional in appearance and content than we have seen from any of your competitors.
Artemis Resources will undertake a high resolution, low level, airborne magnetic survey targeting gold-copper mineralisation at its Armada prospect located near the Telfer mine in the eastern Pilbara region of WA. The 600 square kilometre tenement holding is effectively surrounded by Greatland Gold’s Havieron project where recent diamond drilling returned an amazing intersection of 275 metres grading 4.77g/t gold and 0.61% copper from 459m down-hole.
Generally, corporations are required to pay tax just like "real" people. In some tax systems, this can give rise to so-called double taxation, because first the corporation pays tax on the profit, and then when the corporation distributes its profits to its owners, individuals have to include dividends in their income when they complete their personal tax returns, at which point a second layer of income tax is imposed.
Lithium Australia has hit a major milestone with the successful production of lithium ion battery cathode powders and lithium ion batteries using lithium phosphate produced directly from mine waste courtesy of its proprietary “SiLeach” process. The company managed to bypass the need to produce high-purity lithium hydroxide or carbonate, which could significantly reduce the cost of battery manufacturing.
Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.
Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify] Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."
In legal parlance, the owners of a company are normally referred to as the "members". In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include "segregated portfolio companies" and restricted purpose companies.
Charter corporations: Before the passing of modern companies legislation, these were the only types of companies. Now they are relatively rare, except for very old companies that still survive (of which there are still many, particularly many British banks), or modern societies that fulfill a quasi-regulatory function (for example, the Bank of England is a corporation formed by a modern charter).
Safety is a key business concept that is defined by Merriam-Webster as “the condition of being safe from undergoing or causing hurt, injury, or loss”. Injuries cost businesses billions of dollars annually. Studies have shown how company acceptance and implementation of comprehensive safety and health management systems reduces incidents, insurance costs and workers’ compensation claims. New technologies, like wearable safety devices and available online safety training, continue to be developed to encourage employers to invest in protection beyond the "canary in the coalmine" and reduce the cost to businesses of protecting their employees.
In recent decades, 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. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets.
If you work while receiving regular benefits and have served your waiting period, you will be able to keep 50 cents of your EI benefits for every dollar you earn, up to 90 percent of the weekly insurable earnings used to calculate your EI benefit amount. This 90 percent amount is called the earnings threshold. If you earn any money above this threshold, we will deduct it dollar for dollar from your benefits.