Dear Shareholder:
JACO, a JA company, liquidated its as throttles and conclude operations on January 8, 2006. JA companies are dissolved after 12 weeks of operations to provide saucy employees the opportunity to organize new companies.
We are pleased to report that we were financially successful. The enclosed hold up for $2.20 represents the return on your original $2 investment, plus a stockholder dividend. The liquidating dividend represents assets and profits that ordinarily would be retained by continuing companies to finance current and future operations.
Upon forming our company in October, we decided to produce and sell coffee and candy sacrifice baskets. We established the company, formed a Board of Directors, selected department teams, set up production, and sold our product. We raised company capital by selling 100 shares of stock at $2 per share.
We give wages, salaries, rent, and all the typical expenses of doing vocation. Department teams maintained detailed production, sales, financial, and private records. In brief, we performed all the functions of an ongoing company.
As with any business, we encountered some(prenominal) problems and faced some difficult decisions that ultimately provided insights, and practical noesis of business and the economic system.
We learned the importance of teamwork and communication to business success, and the value of listening to customers and producing high-quality products.
We wish to express our sincere gustation to our volunteers, Shawn Bricking and Jasmine Casteel of the Lighthouse Institute, for sharing their time and knowledge. Finally, we would like to thank you, our stockholders, because without your elicit and monetary commitment in our JA company, this experience would not provoke been possible.
Sincerely,
H.A. Moses
President, JACOIf you want to get a full essay, order it on our website: Orderessay
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