2.1 Business Structure In Oman, business entities are governed by The Commercial Companies Law (Royal Decree No. 4 of 1974, as amended) and the Commercial Register Law (Royal Decree No. 3 of 1974) (International Business Publications, 2008). The company, named “ Skyline Spare Parts Supply” , is a limited partnership company. The limited partnership was considered as the firm’ s structure because it helps in attracting investors since capital is the only liability. Further, the business does not dissolve in case one of the partners leaves or deceases. The limited partnership also helps general partners of the firm to focus on running the business efficiently (Litvak, 2009).
The business has been registered by the partners and date of commencement has been decided. The business will require an Omani license as it intends to do business in international as well as national markets. 2.2 Scope of operation The company currently has a total number of 70 employees including the partners. The main area of operation includes supplying of pipe fittings, bolts, gaskets, bearings and fasteners of different sizes and compositions at national and international markets.
2.3 Business premises the company has registered in Muscat and will have its office in the city, while it is still evaluating a number of locations such as Fahud, Burhaan, Barik, and Mabrouk, for setting up operational facilities. Since the operational facility location has not yet been finalized, it is only possible to provide rent of the office floor, which is 700 OMR per month. The Layout design of the operation facility is as follows: The premises will have supervisors from the company as well as security guards to safeguard the premises for 24 hours.
The company has ensured that facilities have sufficient power and water supply so that supervisors and other indirect workers do not face any problem. 2.4 LocationThe operational facilities of the company are expected to be located in Fahud and Burhan. These locations were selected owing to the presence of major oil fields. This will help the company to access clients in an easier manner.
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