For this assignment I will give my module Id and password to you people. What you need to do is make...

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For this assignment I will give my module Id and password to you people. What you need to do is make 5 articles of 250 word each and referencing as well . The topic should be picked from the lectures notes provided . There are 5 weeks lecture notes you need to write one article from one week .Module id : 981943Password: amulyasaiCollege: wentworth institute . you login in to win learning.

Aarti J · Accepted Answer

Week 1: Forms of the business
There are different forms of the business organisation which includes:
Sole proprietorship, Partnership and Corporation. All these organizations has its own advantages and disadvantages.
Sole trader is the form of the organization in which the entity of the owner of the company and the entity of the company is not different, they are considered as the same. This form of organization is quite easy to be formed and is considered as the simple organization. under this kind of organization, all the profits and the losses of the company are borne by the owner. If the company incur high losses and needs the payments of the debts, then the company can consider the personal assets of the owner to pay off the debts and the losses of the company. Thus under this form of the organization, as per the legislation, the liabilities of the owner is not limited. So, the liability of owner will not be limited as he is the owner of the sole proprietorship business. Under the sole proprietorship, the rules and regulations to set the business as well as to run the operations are not very rigid, it is easy to set up the business and is usually a preferred option for the small organizations.
Under the LLC, the members of the company are not personally liable for the losses that the company bore. company's losses and the company can recover its losses and pay off its debts only by using the assets that are held by the company. There are certain aspects and things that can be taken care under the limited company which includes that the owners can: 
· Own and dispose of property and other assets
· Enter into contracts
· Sue and be sued.
Week 2: Corporate Governance
Corporate governance is an important aspect for the Australian companies and the companies focus on adequate rules to ensure that the company has good corporate governance. The company has the set system of rules, practices and process with which the company is able to control and manage itself. The main focus of the corporate governance is to involve balancing interest of a company and its stakeholders. The corporate governance is the way which helps in proving the framework to the company which helps in attaining the objectives. Corporate governance focuses on defining the ways in which the organizations are expected to conduct themselves so as to have legitimate control and practices.

For this assignment I will give my module Id and password to you people. What you need to do is make 5 articles of 250 word each and referencing as well . The topic should be picked from the lectures...

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