Posts Tagged ‘Company’

One of the most delicate problems both within a company or organization, and at home in the same way is a financial problem. Financial management must be clear and controlled as a company or a home always take money to perform various daily activities. Whether to pay the electric bill, rental equipment, etc.

Therefore, it must be handled carefully problems of money available each month. And only here to enter the financial arena. Through management by estratagias proven, you can optimize resources, either from natural persons wages or earnings of the company.

In the private area must make a plan for spending for the month. Sort different account and see if we achieve revenues. Or rather, the expenditure must be subject to income we have. As a rule of thumb is to not spend more than you earn, be heard clearly, not the norm at this time given the credit facility.

This order is the only way to avoid having to borrow too much when I really needed, something that a lot happens in a middle class family. And poor financial manage that not everyone can live in peace, and that will always think about how to pay what you owe. Worse situation, both in debt on his back, someone was fired from his job. Therefore of fundamental importance not spend more than it produces.

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In Spain there are four kinds of company books for which there only one copy exists and they have to be authenticated by the Commercial Registry for the place where the company has its registered office. The process of authentication prevents tax fraud but also makes it possible for the company to defend itself against public authorities and in the context of legal proceedings.

The Commercial Registry Regulations make it obligatory to authenticate the following books at least:

1. The company’s minute book.

2. The company’s share register or, as the case may be, register of members, depending on whether the company is a public limited company or a private limited company [sociedad limitada] respectively.

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It is necessary to plan, first of all to establish the objectives of the company. While major objectives are relatively obvious (growth, success in financial management, prestige, etc.) Specific targets out of sight easily. A typical example is when a company grows and begins to generate business-related, some better than subsidizing some not so good. Careful planning is essential to identify and separate the business of a company and determine what is worth keeping and which not.

There are two kinds of planning in business: strategic planning of major planning decisions and financial control. In the first type solve problems like the above paragraph: starting and closing lines of business, market research, search for opportunities, etc.. In the second type take control and monitoring of financial management: sales, costs, expenses and monthly income, budget control, etc.

Financial control can be delegated to an accountant or a manager, strategic planning but can not escape the hands of the employer. The relative importance of these types of planning varies with firm size: The smaller and more simple is the most important business planning and financial control, but as it grows in size and complexity is taking important strategic planning.

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Natural person who carries on his behalf and a company through a trade, business or professional.

FEATURES

It has no specific legal regulations and is subject in its business to the general provisions of the Commercial Code in commercial matters and the provisions of the Civil Code concerning the rights and obligations.

Full control of the company by the owner, who runs management.

The legal personality of the company is the same as that of the holder (employer), who is personally responsible for all obligations to contract the company.

There is no differentiation between commercial property and civil assets.

It requires no prior process of constitution. The process began at the beginning of the business. The capital contribution to the company, both in quality and quantity, has no limited but that the will of the employer.

• ADVANTAGES

Business is a form suitable for the operation of very small size companies.

This is the way negotiations and proceedings unless done to carry out their activity, since it has to carry out any procedures for the acquisition of legal personality.

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Peru’s parliament opened the proceedings to require the American businessman William Kallop to pay the tax of 482.2 million dollars for taxes levied on the sale of carrier oil for 900 million dollars other liabilities to the State. Petro Tech Peruana (PTP) was sold on February 6, 2009 the consortium of companies Coppertop, Colombia, and Korean National Oil Corporation (KNOC), South Korea, in an operation in the United States.

The transaction was brokered by American International Group and Offshore occurred outside Peru for the purpose of avoiding tax, concluded a committee of the unicameral Congress, chaired by Rep. Johnny Peralta, who investigated the activity of PTP from Kallop foundation by 1993. “The Peruvian state may declare void the sale of Coppertop and KNOC PTP because it violated laws requiring the payment of taxes,” Peralta told IPS. He noted that the fact that the sale occurred abroad does not exempt the tax payable by the change of ownership of a Peruvian company.

Peralta, of the governing APRA party, said the research showed that the trick of Kallop in the sale was part of their practices while he was in front of the PTP. When it changed hands, PTP was a concession to exploit oil at 9.5 million hectares, producing 12,000 barrels of oil a day, and had reported annual revenues of $ 360 million and profits of 134 million in fiscal 2008.

Kallop has offices in the U.S. city of Houston, the capital of the southern oil state of Texas, after leaving Peru in 2008, where he had arrived in the early 90s when he began the regime of Alberto Fumitory (1990-2000) who opened the door to speculative foreign investment. Shortly after its constitution, PTP was granted numerous oil wells in the continental shelf, which is part of the Peruvian maritime platform. Its main fields are in the region of Piura in the north coast of the country, rich in hydrocarbons.

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