...Subject: Business Formation As investors, in an expanding local washateria business, there are several key factors that you all must consider in order to receive the best possible tax treatment. As your tax advisor, I recommend forming a partnership limited liability company (LLC) in order to best fit all three of your desires. Of course, there will be pros and cons to any business formation you choose, but the partnership LLC business formation will be the most satisfying to all three investors. The formation process of the LLC would begin by establishing your individual basis and percentage of the business owned through contributions based on the property’s fair market value (including cash). The percentage ownership granted, based on the contributions listed, will be tax free to Clara. Since Leona is not contributing any property with economic value, it will be ordinary income. She can avoid paying taxes from formation if she were to only receive a profits interest in the business. Then she will not initially recognize any income, but will recognize income only upon the receipt of future profits. Nicole will be taxed on a gain from the relief of debt in excess of the basis of the assets contributed that will range from $50,000-$75,000 depending on the percentage ownership she is given. If the C corporation (C corp.) or corporate LLC business formation is elected, Nicole will have to recognize a gain of $100,000 from the same excess amount of the recourse liability over...
Words: 875 - Pages: 4
...There are four different major business formation types. First I will discuss the sole proprietor formation, then the general and limited partnership, the corporation formation and then the limited liability company. I will focus on the main advantages and disadvantages of the formations and decide which one would be best for a design firm. A sole proprietorship is similar to a freelancer, in a sense that one person is the boss and has responsibility over everything. They are taxed similarly as well. One advantage is that the owner would receive all profits. On the other hand they are also responsible for all losses and debts. There are two types of partnerships. You have a general partnership where each partner is responsible for everything, good or bad. Then you have a limited partnership where the limited partner is there for investment purposes only. Having a general partner would be great for splitting the workload and finishing projects at a faster rate. But if one partner is being sued the company and the other partner is at risk as well. In a limited partnership there is usually just one general partner and it could be numerous limited partners. Limited partners basically make investments in exchange for a share of the profits from the design firm. Limited partnerships allow the general partner to run the firm without any interference. A corporation is a company or a group of people authorized to act as one. Corporations are separate legally from the people they...
Words: 458 - Pages: 2
...Defenders For the defence Rodgers brought in three defenders- Dejan Lovren, Alberto Moreno and Javier Manquillo. Dejan Lovren seemed to excite a lot of Liverpool fans when he signed in the summer. A transfer fee of £20 million after a great season in the successful Southampton side which managed an 8th placed finish. Lovren has made a slow but steady start. He has showed some signs of promise, being tall, strong and winning balls. However there is still signs of that shaky defence from last season with Lovren now in the centre of the chaos as we have already conceded 15 goals in 11 games. This season. Rodgers brought in two Spaniards. Javier Manquillo, a right back, and Alberto Moreno, a left back. Javier Manquillo, who is on loan from Atletico Madrid for the season, looks promising but he is only 20 and still has a lot to learn when it comes to both defending and going forward. Moreno, another young full back at 22, looks good going forward, with a lot of pace and power shown especially with his goal in the 4-0 beating of Spurs at White Hart Lane, however at 22 he can still improve defensively, but with the reds splashing out £12 million from Sevilla on the Spaniard, he really needs to step up, along with the rest of the back four. Midfielders Rodgers brought in three midfielders. These were Emre Can, a central midfielder, Adam Lallana, who can play on the right of midfield or in the number 10 role, and Lazar Markovic who is a winger. The next signing we will come to is...
Words: 829 - Pages: 4
...setting up a business. Explain why they are challenges. When one has the ambitious dream to start a business, ideas are constructed to meet expected challenges. Some challenges encountered when setting up a business are: source of funding, types of product produced and sold, and what type of audience the business is targeting for potential sales. Funding will always remain a top priority and challenge for any potential business owner. Without adequate funding, the business is sure to fail. Is it wise to begin a quest for success with failure determined from the beginning due to inadequate funding? In accordance with this concern, liabilities, in the form of loans or other elements, have to be established and if the business were to fail, a huge burden rests upon the ambitious character. When the attention is aimed at the business’ products and services, many factors have to be taken into consideration. Such elements like the economical stability of the nation, product brand and quality, type of hired employee, etc., are all factors which need to be considered. Should the wrong product be presented to the incorrect audience, the business is doomed because theoretically, sales will never exceed expenses. Finally, a new business owner should focus on his or her intended group. It is wise to start small and expand into new branches once the business has been acknowledged and is showing great promise. By targeting a wide range of individuals, the business owner is sure...
Words: 908 - Pages: 4
...A compound word is made when two words are joined to form a new word. Definition In English, words, particularly adjectives and nouns, are combined into compound structures in a variety of ways. And once they are formed, they sometimes metamorphose over time. A common pattern is that two words — fire fly, say — will be joined by a hyphen for a time — fire-fly — and then be joined into one word — firefly. In this respect, a language like German, in which words are happily and immediately linked one to the other, might seem to have an advantage. There is only one sure way to know how to spell compounds in English: use an authoritative dictionary. There are three forms of compound words: the closed form, in which the words are melded together, such as firefly, secondhand, softball, childlike, crosstown, redhead, keyboard, makeup, notebook; the hyphenated form, such as daughter-in-law, master-at-arms, over-the-counter, six-pack, six-year-old, mass-produced; and the open form, such as post office, real estate, middle class, full moon, half sister, attorney general. How a word modified by an adjective — "a little school," "the yellow butter" — is different from a compound word — " a high school," "thepeanut butter" — is a nice and philosophical question. It clearly has something to do with the degree to which the preceding word changes the essential character of the noun, the degree to which the modifier and the noun are inseparable. If you were diagramming a sentence with a...
Words: 2316 - Pages: 10
...designated position within the formation. Performance Steps 1. Fire team formations describe the relationship of the Soldiers in the fire team to each other. Standard fire team formations are the wedge (figure 071-326-0501-1), modified wedge (figure 071-326-0501-2), diamond (figure 071-326-0501-3), and file (figure 071-326-0501-4). a. Fire team wedge (figure 071-326-0501-1). This is the basic fire team formation which— (1) Is easy to control. (2) Is flexible. (3) Allows immediate fires in all directions. (4) Offers all round local security. Figure 071-326-0501-1. Fire team wedge STP 21-1-SMCT 18 June 2009 071-326-0501 3-165 Performance Steps b. Fire team modified wedge (figure 071-326-0501-2). When rough terrain, poor visibility, or other factors reduce control of the wedge formation, the sides are closed up to (almost) a single file. When moving in less rugged terrain and control becomes easier, resume your original positions. The modified wedge is also used for extended periods when traveling on roads or trails. The modified wedge— (1) Is easier to control in reduced visibility or rough terrain than are other formations. (2) Offers less flank security than a wedge but more than a file. (3) Masks fires initially to the front and rear for the majority of the team. Figure 071-326-0501-2. Fire team modified wedge c. Fire team diamond (figure 071-326-0501-3). This formation is a variation of the wedge. It...
Words: 756 - Pages: 4
...The Meaning of Identity: A Brief History The term identity as the dictionary defines it today is almost as new as the sciences devoted to studying it. The definition of the word identity has undergone several transformations since it was first used by European philosophers emerging from the Dark Ages. It wouldn’t be until 1950 that the word would undergo its final stage, the one seen used in psychology textbooks across the world. Erik Erikson’s eight stages of the life cycle gave us its modern meaning. The way the term identity has been used by philosophers in the past has given it definite significance and seriousness. Despite this, its use in relation to the individuality of a person was very casual and lacked depth. Only recently has the term identity come to represent an analytical psychological concept (Gleason, 1983). Before modern social sciences evolved, the term identity was associated with philosophical thought and the ever-present questions about the mind-body connection and the nature of self. The root of the word identity is Latin in origin. The word is “idem” and it means “the same.” The word identity has been found in philosophical texts going back to 1690 with John Locke’s “Essay Concerning Human Understanding” (Gleason, 1983). The term seemed to be used only to describe “self” as the philosophers viewed it. The definition of identity that we have today did not come about until much later and when it did it gave much insight into issues that...
Words: 1980 - Pages: 8
...Slexipedia: Word Formation and Social Use 3.1 Introduction In his publication A Glossary of Netspeak and Textspeak David Crystal blended the two words lexiconand encyclopaediato form lexipedia, a word he used to describe the nature and purpose of his publication as "a cross between a dictionary (lexicon) and an encyclopaedia" (Crystal, 2004: vii). For each term in the glossary there is information one would look up in a dictionary, and the sort of knowledge one would expect to find in an encyclopaedia, such as an etymology of the entry and a hint of its sociolinguistic use. For example: newbie A newcomer to a chatgroup or virtual-world environment, especially one who has not yet learned the way to behave when participating in the dialogue. >>chatgroup; netiquette; virtual world (Crystal, 2004: 79) The coinage of the neologism Slexipedia compounds the acronym SL with lexipedia to provide a term to describe the Second Life-specific lexis in my corpus. In addition to providing a SL glossary according to Crystal's method (Appendix X), this chapter investigates the creative and innovative word-formation processes of SL English and Arabic vocabulary by its residents. Since use of vocabulary reflects identity (Crystal, 2001; Benwell and Stokoe, 2006; Boellstorff, 2008), the final concern of this chapter is the manner in which these SL terms are used in conversational interaction inworld, to reflect the social purposes and circumstances in which these words are...
Words: 11436 - Pages: 46
...И. В. АРНОЛЬД Лексикология современного английского языка Издание третье, переработанное и дополненное Допущено Министерством высшего и среднего специального образования СССР в качестве учебника для студентов институтов и факультетов иностранных языков Сканирование, распознавание, проверка: Аркадий Куракин (ark # mksat. net), сен-2004. Орфография унифицирована к британской. Пропущены страницы: 50-53, 134-139, 152-161, 164-171, 201-202, 240-243 Москва «Высшая школа» 1986 Мультиязыковой проект Ильи Франка www.franklang.ru ББК 81.2 Англ-923 А 84 Рецензент: кафедра английской филологии Оренбургского государственного педагогического института им. В. П. Чкалова (зав. кафедрой д-р филол. наук Н. А. Шехтман) Арнольд И. В. А 84 Лексикология современного английского языка: Учеб. для ин-тов и фак. иностр. яз. — 3-е изд., перераб. и доп. — М.: Высш. шк., 1986. — 295 с., ил. — На англ. яз. Учебник посвящен слову как основной единице языка, его семантической и морфологической структуре, особенностям английского словообразования и фразеологии. Английская лексика рассматривается как непрерывно развивающаяся система. В 3-м издании (2-е—1973 г.) обновлен теоретический и иллюстративный материал, расширены главы, посвященные теории слова и семасиологии. А 4602010000—443 001(01)—86 215-86 ББК 81.2 Англ-923 4И (Англ) © Издательство «Высшая школа», 1973 © Издательство «Высшая школа», 1986, с изменениями Мультиязыковой проект Ильи Франка www.franklang.ru CONTENTS ...
Words: 10467 - Pages: 42
...acquisitions have strengthened Wilson’s ability to offer products and solutions to the customer, including PVF, Mill, Tool, Safety, and Janitorial products, Integrated Supply, Inventory Management, Warehouse Management, Supplier Management (Wilson, 2012). Wilson Supply is currently working on the strategic plan for the upcoming year for the Bakken region which is located in the Northern Rockies Region of the United States. The hub of the Bakken is located in Stanley, North Dakota. In creating a strategic plan the company had decided to perform an environmental analysis. An environmental analysis is the evaluation of the possible or probable effects of external forces and conditions on an organization's survival and growth strategies (Business Dictionary, 2012). Wilson Supply understands that there are many factors that can impact the analysis. In order to limit the amount of information that the analysis will bring the company is focusing on the following elements along with sub-elements within each element. The external element includes sub-elements of social, ecological and technology. The element of industry covers the sub-elements of supplier power, buyer power, entry barriers, and competitive rivalry. The operating element covers customers, competition and labor. With the Bakken oil field taking North Dakota by storm there has been several issues that the...
Words: 1726 - Pages: 7
...Types of Word Formation Processes Compounding Compounding forms a word out of two or more root morphemes. The words are called compounds or compound words. In Linguistics, compounds can be either native or borrowed. Native English roots are typically free morphemes, so that means native compounds are made out of independent words that can occur by themselves. Examples: mailman (composed of free root mail and free root man) mail carrier dog house fireplace fireplug (a regional word for 'fire hydrant') fire hydrant dry run pick-up truck talking-to In Greek and Latin, in contrast to English, roots do not typically stand alone. So compounds are composed of bound roots. Compounds formed in English from borrowed Latin and Greek morphemes preserve this characteristic. Examples include photograph, iatrogenic, and many thousands of other classical words. Note that compounds are written in various ways in English: with a space between the elements; with a hyphen between the elements; or simply with the two roots run together with no separation. The way the word is written does not affect its status as a compound. Over time, the convention for writing compounds can change, usually in the direction from separate words (e.g. clock work), to hyphenated words (clock-work), to one word with no break (clockwork). If you read older literature you might see some compound words that are now written as one word appearing with unfamiliar spaces or hyphens between the components Another...
Words: 2285 - Pages: 10
...Liberty University Discipleship Ministries Project A paper submitted to Dr. Zabloski In partial fulfillment of the Requirements for the course DSMN 500 Liberty Theological seminary By Jonathan L. Keene Lynchburg, Virginia Sunday, May 12, 2009 Table of Contents Introduction 4 Diagnosis of Need 5 Target Group 6 Vision Statement 6 Goals 7 Lessons Gleaned from Scripture 8 Formulation of Objectives 12 Competencies Expected of Disciples attending Recovery in Refuge 12 Selection of Content 13 Setting Captives Free 13 Life Principles for Worship from the Tabernacle 14 Celebration of Discipline 14 Shatter the Darkness 14 Scope and Sequence Plan 15 Phase 1: Repentance, Redemption, Recovery 15 Phase 2: Regeneration 16 Phase 3: Rescue-Reaching Out 18 Phase 4: Real Life 20 Partnership with the Refuge Counseling Center 20 Conclusion 21 Self-Assessment of How the 5 Essential Activities of an Education that Produces Disciples Was Incorporated and Integrated 22 Resources to be used in Recovery in Refuge 25 Bibliography 26 Works Consulted 27 Introduction At Crossroads Community Church in Nampa Idaho the catchphrase is ‘Refuge.” The church has developed what it calls a “Theology of Refuge.”[1] They state, “Crossroads is built around the idea of being a church...
Words: 6080 - Pages: 25
...HUMAN GROWTH AND DEVELOPMENT MATTHEW ROBISON 10-28-2010 NOTES FOR INFORMATION ON CHAPTER TWELVE C. Adolescence - - Psychosocial Development (Chapter 12) What are some components of the adolescent’ search for identity? Erickson believes that cognitive development enables them to construct a theory of the self because as adolescents they have a “kind of maturational malice” that is vital to a process that builds on achievements of early stages. What are examples of immature thoughts? Here are several. Trust, autonomy, initiative and industry lay the groundwork for coping with challenges of adulthood; however an identity crisis is seldom fully resolved in all of these factors in the short time of adolescence, as issues concerning identity come up again and again throughout adult life. What is the psychosocial conflict of identity vs Identity confusion and the resulting virtue of fidelity? It is explained as becoming a unique individual adult with coherent sense of self and valued role in society. Identity crisis is based on Eriksson’s life experience. His struggle and confusion caused him to find any identity the leading him to the immigrant status as his identity where he saw and experienced many things that he struggled with and worse yet decided to change and have news thoughts and actions that he had to consciously considered successful in his identity to himself. An adolescent who resolves the identity crisis satisfactorily develop the virtue of fidelity...
Words: 921 - Pages: 4
...A Respectable Woman by Kate Chopin “A Respectable Woman” is a short story written by Kate Chopin about Mrs. Baroda who lives with her loving husband in a rich plantation in the early 20th century. The main problem arises in the story when Mrs. Baroda’s husband, Gaston, invites his friend Governail to spend a couple of weeks with them at the plantation. As for Mrs. Baroda, she doesn’t really like this idea because she had planned to spend this time taking and rest and to get in to conversations with her husband. Mrs. Baroda has never met this friend before but she pictures him as a tall, slim, skeptical man and she also didn’t really like that image of him, but when she meets the slim but not tall or cynical Governail, she later figures that she actually likes him but what she can’t figure out is that why she likes him. After much thinking, she still ends up to be puzzled about it. At the same time Mrs. Baroda is eager for this friend to leave as she asks her husband about when Governail is leaving. Finally one night Governail breaks his silence as he starts a conversation with Mrs. Baroda, who isn’t really paying attention to his words but his voice. She realizes that she desires him especially when she desires to touch his face and lips; however she controls those sentiments because she considers herself a respectable woman. The next morning she leaves the plantation to visit her mom and avoid Governail and her feelings for him. After some time, Gaston wishes to invite Governail...
Words: 1190 - Pages: 5
...Edward LeBar November 25th, 2009 HIST 017 Prof: Dan Hambly History of Warfare: Essay Assignment The two key individual advancements of weaponry in warfare that I believe were most relevant to the change in warfare tactics were the Spears used by the Ancient Greek and Macedonian Phalanx (300 B.C.E) and the Long Bow used by the British (1300-1500 AD). Each of these weapons made a huge impact in warfare upon being developed and changed the course of history of their armies who wielded these weapons of excellence. Each weapon was wielded by soldiers slaying millions of people during many glorious historical battles still taught to students around the globe today about their importance to warfare. “One of the earliest, and certainly the deadliest of these first purpose-made weapons, was the spear” (Weir, 2005). The spear was developed in early known warfare, and had an impact when the Ancient Greeks wielded the spear in their battles. The Spear was a simple weapon to make as it consisted of a wooden poll 6 to 8 feet in length with a sharp piercing arrowhead attached to the end capable of puncturing any enemy armor. The Ancient Greek’s developed the spear to be able to attack an enemy from a longer range than the sword and used the spear with tactics and coordination with a Hoplon shield protecting the Hoplite soldier which was later called a Phalanx. The spear proved to be very useful to the Greek Phalanx providing the Greek’s with many victories with this particular weapon...
Words: 1344 - Pages: 6
