Sunday, August 10, 2014

What To Know About Kingdom First Business Associates

By Tanisha Berg


This can be defined as a form of corporate agreement and partnership overseen by lawyers during its formation where the parties involved must make key decisions jointly. The parties can consist of individuals, groups or organizations. Kingdom first business associates are a type of corporate entity where the members have one thing in common and that is their Christian faith.

These associations started in the medical field but right now but they have spread to other professions. The term is relatively used in the human resource field, law firms, engineering and even with International Technology specialists.

The contract in most cases is written and signed by the participants. The contents may slightly vary from one country to another and with the type of profession it is meant for. They contain terms and conditions of operations, date of commencement and other critical details of the members like their share worth and percentage.

The following are the types of corporate associations. Hybrid contains the covered and non covered duties. Business is majorly defined as the ones that are strictly for revenue generation. They are also classified under private or public.

Membership can be of two kinds. Closed or open. With open membership entry mode is easier and there are less restrictions. Closed does not allow easy transfer of shares to non members. The partners can take an active role or a passive role in the management of the corporate. Passive role does not require the members to take up management roles.

They have several merits. They bring together intelligent knowledge, financial capital, technical competence and human capital. It is easier for the company to thrive in day to day activities. This resources can be used to reduce the entry barriers of capital markets.

International and local regulations and laws must be applied in order for them to operate within the stipulated law. Business associate agreement is mandatory for health insurance portability and accountability Act. Ensure to follow all the necessary laws.

Kingdom first is a kind of corporate organization where the partners have a common belief that seeking God and leaving a righteous life is the first disciple to success. This is in accordance to the teachings found in Mathew in their sacred Holy Book.

Specialization always produces quality.It brings together professionals from relevant fields. They bring expertise in the organization. They are also of merit in other ways, they enable the company to expand and grow in terms of market share. At the end profits increase.

Corporate branding is achieving as the firm improves its image and is associated with higher brands. Pooling of resources especially capital requirements is made easier, jointly the firm is much stronger financially and can be funded by banks and other financial credit organizations.

Organizational behaviour is clearly different everywhere. Accountability is an important factor for success of any firm. The teams are very productive result oriented. The customers mostly get the real value of their money. The satisfaction level of investors and shareholders for their returns is higher. Management of the human resources is smooth as they adopt to working with less supervision.




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