ppt and speaker note
Tiancheng Chu (005762948)
Company
Overview
ZimeiXu owns this company and she hired Tianchen Chu as a baker. It is a sole proprietorship that established by Zimei xu, the property is owned by the individual investor. So she will bear unlimited liability for the debts of the enterprise with her own personal property. The nature of the sole proprietorship enterprise is a kind of enterprise nature between the limited company and the individual business household. It does not need to pay enterprise income tax just only pay one tax.
Some advantages:
1. Low tax rate; sole proprietorship enterprise only has a value-added tax, personal income tax, and additional tax
2. Verified collection and individual income tax in sole proprietorship enterprise is the verification. Fixed levy
3. Simple accounts; Individual sole proprietorship enterprises only need to make simple accounts
4. No need for enterprises to provide a lot of input tickets.
To sum up, Zimei had decided to choose a sole proprietorship company.
Team
Management Team
Myself, Zimei Xu, as an owner. I have professional management knowledge and experience. I master accounting and financial knowledge and I used to manage the restaurant for a long time. In the Amber Bakery. My responsibility is to manage all of the employees and the bakery store. Communicating with the investors and suppliers and understand all of the processes about input cost and output expense. I am supposed to take charge of the whole company. For Tianchen Chu, he is a professional baker, he has the 5 years baker experiences. At the same time, he knows how to manage employees in the best way and coordinate all incoming and outgoing pieces of bread, cakes and baking issues. He has the responsibility and authority to manage the major sales in the store. Besides the main owner and manager, we need the diplomats. He is supposed to communicate with other companies which cooperate with us and get the best benefit for us. Everyone has the stocks in the Amber Bakery, based on this, everyone manager should monitor each other and increase the quality of the company.
Advisors
We can get the investment from some website. Such as Halo Investing, eToro. They may help us to get better investment from investors who are interested in our company. And college professors who teach us how to run the business efficiently, how to calculate the data easier and how to manage the company better is helping us to have knowledgeability. The industries which provide the great quality products and raw materials help us to make tasty breads. Those people, industries and website help us to run the business easier and better.