Enterprise Car Rentals - Reason for Legal Structure and Documents - Business Plan Example

Summary

The paper "Enterprise Car Rentals - Reason for Legal Structure and Documents" highlights that several items of furniture and equipment will be required for the office and the details for the same are given separately on the basis of their cost being below and above NZ$500…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER94.1% of users find it useful

Enterprise Car Rentals - Reason for Legal Structure and Documents

Read Text

Subject: Business
Type: Business Plan
Level: Undergraduate
Pages: 23 (5750 words)
Downloads: 0

Extract of sample "Enterprise Car Rentals - Reason for Legal Structure and Documents"

Download file to see previous pages Given the future needs arising due to further expansion, it is more appropriate to go for incorporate a Limited Company for our car rental business. A company enables the separation of business risk from the personal risk of shareholders and there is no personal liability for shareholders of the company, which is limited to their stake in the company. The liability for debts of the company is also limited for shareholders up to the limit of the paid-up capital of the company. For example, if a shareholder owns one hundred shares of $1 each, his shareholder liability for the debts of the company will be limited to $100 only. Forming such a company is quite simple and does not involve much time or expenses.

The name of the company will have to be reserved with the New Zealand government company authorities by paying NZ$10 and then an online application can be made by paying NZ$ 150. Subsequently, the signed director and shareholder consent forms have to be returned to the authorities. Once all these steps are completed we will receive the Certificate of Incorporation and the company name will start appearing in the New Zealand Companies Register. If we complete the formalities ourselves there are no other costs associated with the formation of the LLC, but if we use the services of intermediaries or agents, we will have to pay their fees for the services rendered to us. The following is the format of the application we will have to submit for incorporating a limited liability company (LLC) in New Zealand.

The business premises chosen by us is located in the Auckland International Airport Commercial Premises and is ideal for conducting car rental business. It is well-equipped with the complete infrastructure required for a modern office. It has two reception areas, one for general visitors and the other for specific corporate clients who do regular business with us. It has been provided with three carports in addition to the parking areas for cars available on rent which too are located within the precincts of the office. It is close to major access routes to the entry and exit points to the airport and has all civic amenities close by. ...Download file to see next pages Read More

CHECK THESE SAMPLES OF Enterprise Car Rentals - Reason for Legal Structure and Documents

Identifying Success Factors Implementing ERP in Small Organisations

This research is being carried out to provide insight into what organisations could do to increase their chances of implementation success, resulting in the identification of enterprise Resource Planning system implementation Critical Success Factors (CSFs).... It is the main concern of the following paper to identify the factors that are important for the success of an enterprise Resource Planning (ERP) system implementation at Small organisations.... The most common research methods employed for investigating ERP systems and small organisations have been surveys and case studies Center of discussion in this paper are enterprise Resource Planning (ERP) systems....

11 Pages (2750 words) Dissertation

Network Security of LAN used in Small Office and Home Office

The study was conducted with 15 small businesses, whose representatives have been interviewed.... The responses were then analysed thematically.... ... ... ... It must be noted also the fact that less than two thirds (60 percent) of our interviewed companies utilize hard to crack passwords.... Without such a password system, a hacker can quickly obtain access by exhaustive search Another fact worthy to note is that less than two thirds (62 percent) of these small businesses use automatic patching....

60 Pages (15000 words) Essay

Entrepreneurship and Small Business Development

A few say it is referred to the establishers who set up new businesses with a sole aim to socially benefit the community rather.... ... ... While others say that, the entrepreneurs who work with an initiative to solve any kind of social problems with their rendered services, are termed as ‘Social Entrepreneurs'....

16 Pages (4000 words) Essay

The Most Efficient Business Structure

The paper "The Most Efficient Business structure" describes that the formation of the LLC will be considered complete upon accomplishing all the above steps.... Limited Liability Company (LLC) is the most efficient business structure that you need to consider as you plan to expand TREVCO.... The first step of setting this particular kind of business structure involves finding a name, which is dissimilar from any other company.... Your LLC's NameThough, you already have TREVCO as the business name, should you consider changing this name as you set on a new business structure, then you need to factor in some details....

6 Pages (1500 words) Essay

Global Enterprise and Innovation

The reform movement changed the face of the Chinese legal system.... The happening of the Fifteenth National Congress of the Communist Party of China in 1997 emphasized the creation of a socialistic pattern of a legal system.... (Obstacles To Innovation In China And India, 2006) It is observed that the legal system of the Republic of China was seemingly unstable in comparison to the legal systems of global countries like Western Europe, North America and Japan before 1949....

11 Pages (2750 words) Case Study

Federal Government Housing Policies - Fannie Mae & Freddie Mac

Government Policy InterventionThe condition of extreme and mispriced mortgage liability is the main reason behind the current boom in the housing markets.... A crucial role is played by the federal government in supporting the construction of housing financially and offering ownership as well as rental support for households with lower income since the 1930s....

6 Pages (1500 words) Case Study

IT Organisation and Planning

Information technology has become omnipresent in today's business world right from small enterprises to huge private or public sector organisations.... Nowadays an organisation's business plans incorporate information technology as their integral part.... The application of.... ... ... The paper "IT Organisation and Planning" is a great example of an essay on information technology....

13 Pages (3250 words) Essay

Security Consultant in the Architecture Design Process

The system architecture is essentially a design that integrates a structure and connects the components of a structure.... According to Gibbs (2008), the design principles in security architecture are often reported clearly, while the specifications of the in-depth security control are usually documented in independent documents.... It is based on four factors: regulatory and legal, financial, benchmarking and good practices, and risk management (ISACA 2009; Gibbs, 2008)....

15 Pages (3750 words) Term Paper