An Analysis of Richer Sounds PLC Essay -- Business Management TQM Essa

An Analysis of Richer Sounds PLC1.0 A Report on How Richer Sounds Functions4.1 A Classification of the calling according to its ownership, andan explanation of the benefits and constraints of this type ofownershipRicher Sounds is part of the Private Sector, which consists of vexationes who essay to make a profit. Julian Richer is the sole ownerof Richer Sounds, which means he has full control over the business, moreover the Directors run it. Richer Sounds is a regional unlisted Public peculiar(a) Company, which means it is non listed on the declension Exchange.Julian Richer is owner of all the sh atomic number 18s of Richer Sounds, but theofficial name of the fraternity is still Richer Sounds PLC, even thoughthe shares are not for sale to the public. Julian Richer also gainsthe advantage of limited liability, which means he is not in personliable for any of the companys debts. The most he apprize lose is themoney he has invested in the company, so he has not put any of hisperso nal possessions at risk.4.1.1 Richer Sounds Legal RequirementsRicher Sounds also ease up legal requirements that it has to abide bysuch as they must take aim its name and address, ect registered at theCompanies House where they will also contrive to send annual returns andfinancial statements. This is one of the disadvantages of being aLimited Company the fact they consent lots of paperwork due to annualstatements. The advantages and disadvantages of Richer Sounds areshown further on in the report. Also the financial affairs of RicherSounds have to be published because the companys stakeholders need tosee how the business is performing.4.1.2 Memorandum and Articles of AssociationThe documentation that Richer Sounds is likely to encou... ...followswww.richersounds.co.ukwww.msn.com (search engine) searched words such as Richer Sounds PLC,Richer Sounds products and prices, communication.Textbooks I used are as followsBusiness Studies for you, authors David Needham and Robert Drans fieldBusiness Studies, authors Ian Marcouse, Andrew Gillespie, BarryMartin, Malcolm Surridge, Nancy Wall. banknote relationship . Each person has a superior and staff get whomthey should report and for which staff or work area they are liable for.Informal relationship. Staff have frequent contact through their work,but have no formal relationship.Staff relationship. This is where no formal potential exists, butadvice is sought.Lateral relationship where the staff in different departments withthe corresponding level of responsibility need to co-operate or co-ordinatetheir activities.