LAW 1509 Study Guide - Final Guide: Sole Proprietorship, Franchising
3 Jul 2018
School
Department
Course
Professor
COMMERCIAL TRANSACTIONS TUTE 1 WEDNESSDAY 7 TH
MARCH 2018
Tutor- Jessica, she’s French
To find what to do in seminars look up weeks
Handmade jewellery by Greg Sparrow, both genders, Greg the Jeweller, Henley
Beach road sold at the back. Kathy Sparrow on shop front sales.
Purchase available via internet to overseas markets
Sole trader
Share of profits determines whether or not there is a partnership
In a partnership if there is a loss any partner can claim the full amount
Partners will have to declare income just as the sole trader but in the case of a
partnership will be recorded in terms of income
It costs more not to be a sole trader because you’re creating a separate entity to
yourself
Mandatory Code of Conducting regarding Franchising called Soft Law not
enforceable by law
1
Melissa Sparrow (a1668063)
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
To find what to do in seminars look up weeks. Handmade jewellery by greg sparrow, both genders, greg the jeweller, henley. Purchase available via internet to overseas markets. Share of profits determines whether or not there is a partnership. In a partnership if there is a loss any partner can claim the full amount. Partners will have to declare income just as the sole trader but in the case of a partnership will be recorded in terms of income. It costs more not to be a sole trader because you"re creating a separate entity to yourself. Mandatory code of conducting regarding franchising called soft law not enforceable by law.
