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Practices of legal aspects of Business: A survey study

Submitted to:

Mohammad Mizenur Rahaman

Assistant professor

Department of Business Administration, SUST

Guest teacher

Leading University, Sylhet

Submitted bySyed Ali Hasan

ID: 1201010248

Syeda Khadija Jannat

ID: 1201010228

Abu Ahmed Shahib

ID: 1201010247

Md. Alimuzzaman

ID: 1201010249

Jaber Ahmed Chy

ID: 1201010226

Masum Hussain

ID: 1201010202

Chapter 1: Introduction

(Background)

1.1. Geography of Bangladesh

1.2. Economy of Bangladesh

1.3. Government/politics

1.4. Legal system

Practices of legal aspects of Business: A survey study

sChapter 2 : Forms of business

enterprise

a) Sole proprietorship

i) Regulation

b) Partnership firm

i) Regulation

c) Company Business

i) Company Limited by Shares

ii) Company Limited by Guarantees

d) Practices of legal aspects/

formalities

i) Advantages of licensing

ii) Disadvantages of licensing

e) Taxation

i) Sales tax/vat

ii) Stamp duty

iii) Property taxes

Practices of legal aspects of Business: A survey study

Chapter 3: Survey report

Chapter 4: Findings and Recommendations

Practices of legal aspects of Business: A survey study

Chapter 1: Introduction (Background)

Location

Area

Religion

Introduction (Background)

Geography of Bangladesh

Economy of Bangladesh

Earning sources

GDP

Per capita income

Introduction (Background)

Independence Govt. systemAdministration

Introduction (Background)

Government/politics

Legal system

Pre-independence

Constitution

Amendment

Introduction (Background)

Chapter 2 : Forms of Business Enterprise

Objective of the study

Primary objectiveThe first and most important objective of the

assignment is to gather knowledge about Practices of legal aspects of Business. Then to know about how to make trade license, its benefits and drawbacks of not having trade license.

Secondary objectiveHelp students to acquire knowledge and

skill needed for them.To increase their thinking skill and

decision making process.Information and ideas.Apply questions to decision-making

situations.

Objective of the study

Sole proprietorship

Definition

Ownership

Management

Risks

Profit

DefinitionTypes General partner Working partner Sleeping partner Acting partner

Partnership firm

Company Limited by Shares

Public Limited Company

Private Limited Company

Company Limited by guarantees

Company business

REGISTRATION WITH BOARD OF INVESTMENT

Application FormTrade LicenseLimited Company Certificate of IncorporationMemorandum and Articles of AssociationName and address of other shareholder/director(s) of the projectCopy of rental agreementTIN CertificateRegistration Fee (Bank Draft)

It is those things which is mandatory by the law to start and run a business properly. Without this nobody can do their business in a legal way. Certainly there will be lots of problem.

It has two sides:

Practices of legal aspects

Government supportBank loanProper businessHelp of city corporationHelp of trade associationEasy running of businessEasy to expand the businessEasy acceptance to customer

Practices of legal aspects

Advantages of licensing

Disadvantages of not having license

Legal backwardDisturbance of legal forcesChargesDisturbance of other peopleIllegal possessionLack of legal facilitiesDisturbance of criminalsDifficult to surviveTreat as drug business

Practices of legal aspects

TaxationSales tax/vat

Stamp duty

Property taxes

taxation

Chapter 3: Survey report

Knowing about tread license (out of 10)

0

1

2

3

4

5

6

7

8

9

Having tread license (out of 10)

0

2

4

6

8

10

12

Paying tax (out of 10)

0

2

4

6

8

10

12

Advantages of having trade license

0

1

2

3

4

5

6

7

8

Disadvantages of not having trade license

0

1

2

3

4

5

6

7

Chapter 4: Findings and Recommendations

Situation of Bangladesh from different angle. Rules and regulations of different types of

business. Important documents to start and run

businesses. Registration with Board of Investment The advantages of having trade license. Disadvantages of not having trade license. Different form of tax. Importance of paying tax. Ways of paying tax.

Findings

Business man should know the rules and regulations before starting business.

They should maintain the law.Paying tax is a must for them.They shouldn’t cheat with customers.

Recommendations

Duties of the Business man

Recommendations

Customers should judge whether the business is legal or illegal before making transaction.

If the business is illegal they should boycott it.

They also should inform the legal forces about any kind of illegal business.

Duties of the customers

Government should make easy the way of paying taxes and making licenses.

Government has started income tax fair for last 3 years; but it should be spread out whole through the country.

Advertising can play an important role in this case. People those who escape tax they should be

treated as national enemy.

Recommendations

Duties of the Government

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