Business Organization Essay

In 2005 my aunt left me an inheritance. It was a medium-large sum of money. There was a stipulation to receiving this gift. I needed to place in a community of my choice. My last employer was a cleaning familiarity and I approached my old employer with a proposition. I and another business accomplice that I convinced in investing with me would organize a joint-stock company. This was to be a private partnership, as well as a expressage partnership. So I approached him with this idea and he agree. So after some(prenominal) negotiations the other investor and I devoted the majority of shares to this company. We received a vertical flute of completion certificate for this joint company venture and we expected our honey oil seal to come next.We also had to increase the liability insurance forrader registering with state authorities as a Limited Liability company (LLC). With this Partnership all investing parties agreed that there would be a semi-annual information report to look at income deductions and any gains or losses that the company might occur. This is to insure mutual interests and success.The semiannual meetings would also recreate any problems or debatable issues. It is now 2010 and the company has developed into a four person joint stock company, opening three more than cleaning offices and we are in the process of franchising. In 2000 I had a dream and that was to open a gym called Anytime Fitness. Well, this dream was put on hold when I invested in other enterprises. So, I talked to my wife and she agreed to help me open up this fitness facility and she would have repair proprietorship and I would be a silent partner. I wee-wee thanks in my prayer to my aunt who gave me this opportunity.