Premium Essay

Dsfsdf

In:

Submitted By gencaslan20
Words 838
Pages 4
ISSUES IN SELECTING A BUSINESS FORM

Entrepreneur: Someone who initiates and assumes the financial risk of a new enterprise.

One or more entrepreneurs setting out to start a business should consider the following four factors when deciding what form of business to organize:

(1) ease and expense of creation,

(2) liability of the owner(s) for obligations of the entity,

(3) tax considerations, and

(4) the need and ability to raise capital.

TRADITIONAL BUSINESS FORMS

Sole Proprietorship: A business owned by a single person or family.

Partnership: An agreement by two or more persons to carry on, as co-owners, a business for profit.

Corporation: A legal entity formed in compliance with the statutory requirements of its state of incorporation, owned by shareholders whose liability is limited to their investment in the corporation, and managed by (i) a board of directors elected by the shareholders and (ii) officers employed by the board of directors.

SOLE PROPRIETORSHIP: PROS AND CONS

Advantages:

a proprietorship is easy and inexpensive to form;

the proprietor receives all of the profits;

the owner has the maximum degree of control over business decisions; and

the proprietor may establish a tax-exempt retirement account.

Disadvantages:

the proprietor has unlimited personal liability for any losses or liabilities incurred by the entity;

the entity will not survive the proprietor’s death, disability, or retirement; and

the proprietor may only raise capital for the business out of his personal funds and from loans others are willing to make based on his personal liability.

FRANCHISE RELATIONSHIPS

Franchise: A relationship where the owner of a trademark, trade name, or copyright (the franchisor) allows another person or entity (the franchisee) to use that trademark, trade name, or copyright, under

Similar Documents

Premium Essay

Dsfsdf

...1. Explain how S.A motivate and compensate their employees? Mr. Kelleher thinks first on happy employees, and then if you treat well your employees they will go to promote a really good customer service for your clients. Southwest is really success because the spirit that they manage within the employees, their let their staff being themselves, for example: they receive their training but also their can feel free to show their basic personalities and not trying to be anything different what their really are. Furthermore they can be highly compensated if they work really hard giving the airline a really good productivity by their work inspiration. 2. Describe S.A strategy At first Southwest try very hard to identify their customers and do marketing for them, then they said that the people that choose this airline is special and different because they focus on provide a very good service and also new and comfortable planes by a very accessible cost, they also think about put first the employees because if you treat your employees very good they will be happy and treat the customers the same way and that’s what makes the shareholders happy. They know that they need to be more open mind about expand they flights destinations because the loyal customers prefers them and this requires to promote more available destinations around the world in order to satisfy customer needs, but the company thinks that this is kind of complicated because of the cultural ethics, exchanges...

Words: 347 - Pages: 2

Free Essay

Dsfsdf

...Literature Review: Enlarged Tracheoesophageal Puncture after Total Laryngectomy: A Systematic Review and Meta-Analysis Name Affiliation Date ABSTRACT Objectives: Enlargement of the tracheoesophageal puncture (TEP) is a challenging complication after laryngectomy with TEP. We sought to estimate the rate of enlarged puncture, associated pneumonia rates, potential risk factors, and conservative treatments excluding complete surgical TEP closure. Methods: A systematic review was conducted (1978–2008). A summary risk estimate was calculated using a random-effects meta-analysis model. Results: Twenty-seven peer-reviewed manuscripts were included. The rate of enlarged puncture and/or leakage around the prosthesis was reported in 23 articles (range, 1% to 29%; summary risk estimate, 7.2%; 95% confidence interval [CI], 4.8% to 9.6%). Temporary removal of the prosthesis and TEP- site injections were the most commonly reported conservative treatments. Prosthetic diameter (p =.076) and timing of TEP (p = .297) were analyzed as risk factors; however, radiotherapy variables were inconsistently reported. Conclusions: The overall risk of enlarged puncture seems relatively low, but it remains a rehabilitative challenge. Future research should clearly establish risk factors for enlarged puncture and optimal conservative management. Keywords: tracheoesophageal puncture, total laryngectomy, enlarged tracheoesophageal puncture, complications, leakage Enlarged Tracheoesophageal Puncture after Total...

Words: 6352 - Pages: 26

Premium Essay

Dsfsdf

...Company Case Payless Shoesource: Paying Less For Fashion Questions For Discussion 1.Which of the different product mix pricing strategies discussed in the text applies best to payless's new strategy? The strategy for setting a product's price changes when the product is the part of a product mix. Mostly,firms look for a set of prices that maximizes the profits on the total product mix where pricing is difficult because the various products have related demand and costs and face different degrees of competition. There are five different product mix pricing strategies that can be used for a firm. These are such as the product line pricing, optional-product pricing,captive-product pricing, by-product pricing and lastly, product bundle pricing. 2. How do concept such as psychological pricing and reference pricing apply to the Payless strategy? In what ways does Payless’s strategy deviate from these concepts? : A pricing approach that considers the psychology of prices and not simply the economics; the price is used to say something about the product. For example, $19.99 or $9.99 sort of “odd prices” that can round of by one last digit number.  With the new line and new strategy, Payless increase the price of their products. However, if the suddenly change their price by increasing a lot, customers would not feel comfortable and they wouldn’t like it at all. So, they can use this kind of strategy of Psychological pricing so still increasing of prices but make their customers...

Words: 540 - Pages: 3

Free Essay

Cows

...File 1 dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df dg f sd fa sf sfg fg hd fg sdf f hf g sf asf dgh fd sfs d fs g dg dsfsdfs dfs dfs df sdf sdf sdf sdf sdf sdf sd fsd fs sd fsd fs dfs df sdf sdf sdf sd ff gd gh sfh fh sd fas dw g sgh sfd gs df...

Words: 800 - Pages: 4

Free Essay

Trying

...Test Fsdkf’ldsfj lksdjflksjd f;lsadkjf;lksadj flksadjf lksajdflksadjf;lkjdsalkfjs;ldjflksadhflkjhf Ksdhflksahdfjhsajflksadjf;lkjdsaf;lkjsadf Skjfsa;lkdjf lksad jflkjdsaf lksadl lkjsd flksad f Sdjfl sd salkdfj lkdsajf ;lksad f;lksa dfj saldf Lksadlkf sadf kdsfl lkdsa lkfjs dflk asdf lkdsa flkjasd f Sd falks jfd;lkas df lkjsadf dsalkjf asdf fd dsf fdslkds Slkdf dsflkdslk Dslkf ;ldsakf Dsaflkj ;lsad f;lksadjf Sdfjk sadlfj sadlkfj lkdsa fsdjf I jslkd jflkdsaf sld fl f Alkdsjf lksad f lkj ;lk ;lj laksjfd ;lkdsajf ;lkdsa l sdflkj lkj l lksdjf lksd Slkdjf lskd flj llkfdjlkdsa fldskjflks dflkjsad lkf jsadlkfjs dlkfjsd Dss sdjf dsf sdfsdf sdf dsfsdf sdfsdfsdf kj sl;kdjf ;l Fjsdlf;js d;f lsdjf saldkfj ;salkfj lsakd jf;lakjsoiweurlsd foiwe Lskdjf oiwe oiweur pow uresoiwuer poiw er oiwe ur oiwer oiwe wi w wis s is s s s s s Sjflksa df s s se w e e w k d oeiis dlk s skld s lkds sdlsoiwe s doiwe oiw eoi sdlsk s dkweoi s iowe sl sls Lsd s sldsl s dks ld lkwe oiw sl dk sdlk oiwe iwew w w e d sd g ds c e r r x e c d d e cc d c d c d c d c ;’ D sd sd s j vh u h kj oi k o k ik o ol o lkj I k I k juj j l k k lk j l l ll l; ; klk k jh I n kk I k I j j m m n k kj mnk m k k k j h j...

Words: 262 - Pages: 2

Premium Essay

Analysis: Five Tips To Get Organized At Work

...more organized and this is the first to step to take to become more organized. The next solution I learned from the article was to “tackle your To-Do Pile” (DSFDFS). Rather than putting things off for the next day, doing something the moment that it needs to get done is another way that you can become more organized. Being lazy and organized are two things that do not go together. If you are lazy, then you will disorganized but, if you are organized, then you will be a go getter. Things can stack up quickly and if you are not on top of it then it can overwhelm a person. In the article it suggests using file folders as a way to help a person stay more organized. Another solution that I got from the article was “use technology wisely” (DSFSDF). Smartphones and computers are the wave of technology. The article suggests “strive to keep phone numbers and other often-used data on your computer and/or mobile phone” (DFSFSDDFS). Smartphones can be used for many other things instead of just communicating with people. They can help a person stay organized. In another article I read from Psychology Today I learned some more ways to get better organized. Sherrie Bourg Carter writes “keep a notebook close by” (ASDSAD). By having a notebook it allows you to jot down notes rather than having to remember things that someone tells you. People are not going to remember everything off the top of their head. Writing them thoughts down will help keep people on track. Notes will also...

Words: 768 - Pages: 4