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Nicor Inc. Essay

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INSIGHTS FROM NICOR INC.’S MISSION STATEMENT.
• Energy business.
Nicor Inc. is a company that produces natural gas and supplies it through a piped system around 80,700 miles of natural gas. It provides gas to commercial, industrial and residential customers. It also helps customers solve strenuous mechanical problems that deal with interconnection and industrial applications.
• Investment.
Nicor Inc is an investment owned company. The company follows principles that ensure that the investors are well taken care of and that they get return from the company’s profits.
• Consistency.
Nicor Inc. ensures that all the activities it carries out are consistent. It identifies its responsibilities and ensures that investors are well taken care of in …show more content…

ensures that it utilizes natural resources and at the same time, ensuring that they conserve the environment.

COMPARATIVE ADVANTAGES OF SOLE PROPRIETORSHIP, PARTNERSHIP AND CORPORATIONS.
Formality
Opening up a sole proprietorship and a partnership business is better compared to corporation. This is because corporations have to keep records of their finances and other business related documents and also, meetings have to be held at least once in a year for formulating strategies and goals. In sole proprietorship and partnerships, the meetings are not compulsory and financial records are only provided when necessary to people like investors or the government.

Formation
Sole proprietorship is formed when a person starts up a business alone. A partnership is formed when two or more people start up a business and a corporation is formed when a group of people come together and start up a business as a single entity. In sole proprietorship and partnerships, formal documents are not necessarily required but in the corporations, it is mandatory for the business to be registered so that the business can commence. Therefore it is more advantageous to start up a sole proprietorship and a partnership than to start up a

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