What type of government is run by the richest and most powerful citizens Brainly?

What type of government is run by the richest and most powerful citizens Brainly?

Oligarchy is the government in which the power is held by small group of people, these people are the most powerful people of the state. Sparta is a good example of Oligarchy. If the best people of the state rule it, it is called Aristocracy and if the richest people rule the state the it is called Oligarchy.

What if there were no corporations?

Without publicly traded corporations, it would be more difficult for society to move capital between different companies and industries. So when a buggy company starts to die out, there would not be an efficient way for the capital to be moved into computer producing businesses.

What would society be like if there were no businesses?

Without a system (business) to secure our needs and wants, the hunter/gatherers would be forces to live in a constant state of violence. They would be forced to take, steal whatever their family needed. The weak would be starved out of existence. Life would go to the strong.

What is an alternative to buying from the large corporations?

Traditional alternatives to the corporation include producer and consumer cooperatives (e.g., Land o’ Lakes, REI) and mutuals (State Farm, Vanguard).

What are the three major alternative forms of business ownership?

Limited partnerships, limited liability companies, and Subchapter S corporations are also alternative forms of business organization.

Is there an alternative to an LLC?

Sole Proprietorship However, the proprietor is personally liable for the obligations of the business, thus making a limited liability entity such as a corporation or LLC an attractive alternative.

What is the opposite of LLC?

The term limited liability company or LLC typically refers to a corporate structure in which the owners of a company are not able to be held legally liable for the company’s debts. There are no categorical antonyms for this term.

Which is better LLP or sole proprietorship?

Ease of raising capital Sole proprietorships are generally limited to the finances of the business owner while LLPs are limited to the finances of the partners. However, sole proprietorships only have one business owner while LLPs are allowed to have an unlimited number of partners.

Is GST required for LLP?

The Central Government recently notified that the Limited Liability Partnerships (LLP) registered under the 2008 Act must be considered as a partnership firm or Firm under the Goods and Services Tax (GST) regime.

Can I change from sole proprietorship to LLP?

The sole proprietorship or LLP is a completely separate legal form from a company and the law does not provide any process for conversion from one form to the other. Transfer the business matters (assets and any existing contracts) over to the newly incorporated private company from the old entity.

How can a sole proprietorship convert to a company?

The following documents are required for conversion:

1. PAN Card copy of all directors (Identity Proof).
2. Copy of Aadhar card/ Voters ID (Address Proof).
3. Passport size photographs of Directors.
4. Proof of ownership of business place (if owned).
5. Rental agreement if rented.
6. No Objection Certificate (NOC) of Landlord.