Premium Essay

Lit Paper

In:

Submitted By mheiss
Words 2512
Pages 11
Task 310.12
Sole Proprietorship
A sole proprietorship is an unincorporated business with a single owner that deals with personal income tax from profits of the business. A key disadvantage of a sole proprietorship as an organizational form is that it does not create another legal entity, making the sole proprietor responsible for all debts incurred. A key advantage to becoming a sole proprietor is startup is usually easy and all the profits that are incurred by a single owner (“Sole Proprietorship Definition | Investopedia”, n.d.).

Liability
A sole proprietorship has possible huge pitfalls by operating with almost no protection to the proprietor’s personal liability. In other business forms like corporations and limited liability corporations a legal entity is created to protect the personal assets of owner. In the case of defaulting, creditors are able to collect debt at a business asset level and a personal asset level creating a huge risk for a sole proprietor (Larson, 2004).

Income Taxes
A sole proprietorship taxes are treated as one income of the sole proprietor. This means that all income, business bank accounts, and personal account must be claimed in an income tax return of the sole proprietor. This is a huge disadvantage since you are unable to defer any income to the next year (Larson, 2004).

Longevity or Continuity
A sole proprietorship life span is short and will always have an expiration date at some point. The organization will come to an end once the business passes away, retires, or sells the business. This short life span can affect the ability to gather funding from investors for the business (Carter, Demand Media, n.d.).

Control
A sole proprietorship is under the complete control of the sole proprietor alone and he/she is fully responsible for any business decisions made. This is a huge advantage since the owner can fully

Similar Documents

Free Essay

Lit Paper

...Possible Siblings Hum 102 Galen College of Nursing Omar Rodriguez, MA Possible Siblings A reader can interpret May Swenson's poem, "All That Time", in different ways. May Swenson's poem is a Septet, which consists of a 7 line stanza. When read this poem gives the impression that it is about two lovers who over time withstand changes that one partner goes through, and the other remains standing strong throughout time. This poem clearly provides an image of two siblings and is very specific in describing the relationship between the two. Although the poem does seem to take on a romantic form, some readers believe that this may be a poem about a brother and a sister. The narrator of the poem is the author, and she starts with line one, she states "I saw two trees embracing". In this line the reader may be feeling the emotion of a romantic stance. It speaks of an embrace, but doesn't mention what kind of embrace. Maybe it's a family embrace, instead of the romantic embrace that some readers think. In line five, she states, "Since their twin youth, maybe she had been pulling him toward her all that time". This line clearly states that they have been together since their youth, and possibly twins or are in close age of each other. She was pulling him toward her, as if to protect him with her strong stance. Some readers feel that it is highly impossible that two lovers would be together since their twin youth. In line eleven, she states, "And where their tops tangled...

Words: 884 - Pages: 4

Premium Essay

Eng Lit Paper

...So Ching Ashley SID: 1007623943 ENG3250 Other Literatures in English Paper Assignment 2 December 6, 2010. Orientalism in M. Butterfly: a Struggle from Gender Identity to Political Balance Long before Song Liling made her debut as M. Butterfly on stage, there was a woman called Cho-cho-san, playing Madama Butterfly with the fullest of her life. M. Butterfly’s counterpart Madama Butterfly presents readers Cho-cho-san, a pitiful and submissive Oriental Butterfly. Cho-cho-san’s character traits fit in almost every single aspect of the ideal of Oriental women, for instance, Cho-cho-san is a geisha, an exotic representation of Japanese women in the eyes of westerners, Cho-cho-san eventually dies of seppuku, which is the Japanese ritual suicide by disembowelment, and her ultimate sacrifice of her everything from her religion to her very life. The attributes of Cho-cho-san are not exclusive to this character only but imposed on all Asian women. The western presupposition of some certain fixed and bounded Asian attributes defines the identity of Asian women and thus, creates an image of the sacrificial and submissive Oriental women. Moreover, the historical backgrounds of Hwang’s Butterfly and Puccini’s Butterfly are, in fact, the extension of gender tension to international power struggle. Cho-cho-san’s love story happens in the Meiji Period in which Japan first opened its door to foreigners; while Gallimard and Song Liling begins having an affair in the 1960s, in the midst...

Words: 1983 - Pages: 8

Free Essay

World Lit Paper

...Nick Fox Professor Farr World Lit 11/3/11 Medea: A Piece in History Greek culture and theater provide many examples of the human condition as well as human nature. Among the authors best known from this time are Aeschylus, Sophocles, and Aristophanes. Euripides’s works have outlasted many of his contemporaries. In his play Medea, Euripides uses Medea’s character as a metaphor for women’s changing roles their taking a stand, their breaking the status quo hence overcoming the mandates of Greek culture. The play Medea by Euripides first appears in 431 B.C., the same year that the Peloponnesian war begins. Athens, ruled by Pericles from 447- 341 B.C. always made large amounts of money available for the festivals that include dramatic productions. Since theater was such an important part of the Athenian’s life, of course, it was at the center of the social and political facets as well. Thousands upon thousands of people would come to watch these productions. The festivals were very competitive, like a contest, and the results are permanently placed in the public records. Medea is now known as one of Euripides’ most famous plays, though it isn’t highly regarded in the history of the festival competitions mainly because of how the play contradicted the normal values of female’s roles in the Greek society. Women in Greek society have basically no rights at all. It was the male or husband that had all the rights in the family (Lawall 693). Few women in ancient Athens could...

Words: 1578 - Pages: 7

Free Essay

World Lit Paper

...Ruth Schambeau 7/8/13 When one thinks of a love song, they think of the narrator gushing about their object of affection, their one true love. The narrator is supposed to go on and on about how in love they are and how all they think about is that one and only person. Some love songs are sad and the narrator ends up heartbroken and alone and other times they have a “happily ever after” ending similar to those in fairytales. Most of the time, love songs live up to their name and are about purely about love. In T.S. Eliot’s “The Love Song of J. Alfred Prufrock,” some of these expectations are anticipated to make their way in to the poem in some way or another, yet that is not the case; it is more the lament of a self-conscious man who lives with fear and uncertainty about himself and women. Whilst it may seem Prufrock is incapable of making an emotional connection with any female; it would seem a woman aggressive enough to get him out of his shell, yet gentle enough to deal with his sensitivity and fear would make the perfect match for him. We cannot imagine that any woman would listen to any love song by Prufrock, any more than they would find his name or his person attractive. A man named J. Alfred Prufrock could hardly be expected to sing a love song. "J. Alfred Prufrock" indicates his formality; he is overeducated, eloquent, neurotic, and emotionally damaged. He is a man stricken with feelings of isolation and incapability for decisive action. Prufrock laments the lost opportunities...

Words: 1312 - Pages: 6

Premium Essay

Scented Paper Charcoal

...Advantages of using Paper Charcoal 1. Concentrated. Since Paper Charcoals are created from compressing combustible material such as paper, it is denser, harder, and more compact compared to other charcoals. 2. Slow-burning. The compression process allows the paper charcoal to burn for a lot longer than if it was loose in its original form. 3. More efficient. Along with the compactness of the paper charcoal is the increase in heating value. This greater efficiency can be attributed to their low moisture and density. 4. Availability. Paper is the main component in producing this product. So where do we get this paper? Look around you, and there are loads of paper materials here, there, and everywhere. 5. Easily stored. The size and shape of paper charcoal make them easily be stored. We can readily pile them in several heaps because of their fun shapes like cubical, spherical, cylindrical, or rectangular blocks. They are likewise clean to handle and be packed into bags. 6. Cheaper. Since this charcoal can be domestically made from waste paper, they are consequently less expensive to produce, and thereby sold at lower prices. 7. Renewable. This charcoal makes use of waste materials which are common and renewable. Hence, we are ensured of the sustainability of such fuel source. 8. Easier to lit. The use of paper as the main component makes it easier to light compared to wood charcoals. Therefore, the use of gas, plastic and other methods of ignition will no longer be necessary. 9...

Words: 305 - Pages: 2

Premium Essay

AP English Lit Reflection

...Last year I decided to take AP US History and AP English Literature during my junior year. The reasoning behind my decision being I wanted to challenge myself although many of my peers told me to decide against it. With these new ideas hindering my ability to come up a decision I chose to ask a teacher I highly respect to finalize my decision. For current knowledge on what I know about this class I have only been told to expect a lot of reading and writing. Which is what I already expected it being an AP English Lit class. From this class I hope to improve on my writing and analytical skills. Truthfully, I am not the best writer, but am definitely willing to improve which I think can help me push through this class for what is the point of...

Words: 339 - Pages: 2

Premium Essay

Is Google Making Us Stupid?

...In a world filled with so many new technologies that try to make an average humans life easier, there are bound to be downfalls. Nicholas Carr, was a writer who always loved getting caught up in books and researching information. Things have changed though. He has noticed that he loses concentration while reading and finds himself forcing his attention back to the book just after three pages. Carr believes there is one thing to blame, the internet. People are just looking for at most three paragraphs to answer their questions. That’s why the world of web research has taken off. People are now getting lazier and only want their questions answered and that’s it. So what are these positive and negative consequences of exclusive reliance on electronics, specifically the internets information in general. I. Critical Thinking One consequence that we see of digital text rather than printed text is in the way it effects our critical thinking. The ways we use technologies develop habits of mind. Now days we seem to skim to quickly to find the information we need. While before we used to be able to read deep, intellectual books without any problem. While reading the text we multitask while on a screen. We are bombarded by colorful and exciting ads on every website makes it hard to concentrate.Our concentration starts to drift while reading books after two or three pages. “My mind isn’t going—so far as I can tell—but it’s changing. I’m not thinking the way I used to think. I can feel...

Words: 1171 - Pages: 5

Free Essay

Tutor

...MULTIFUNCTIONAL DIGITAL SYSTEMS Operator's Manual for Copying Functions Downloaded from www.Manualslib.com manuals search engine Downloaded from www.Manualslib.com manuals search engine Preface Thank you for purchasing the TOSHIBA multifunctional digital systems. We have provided you with this manual for the operation of this equipment. This operator’s manual describes the following: How to use this equipment How to inspect and carry out maintenance on this equipment How to remedy mechanical and copying problems Be sure to read this manual before using this equipment. Keep this manual handy and retain it for future reference. Preface Downloaded from www.Manualslib.com manuals search engine 1 Notice to Users After a suitable place has been selected for the installation of the e-STUDIO195/225/245, please do not change it. Avoid excessive heat, dust, vibration and direct sunlight. Also, provide proper ventilation as the copier emits a small amount of ozone. The unit is classified as Class 1 Laser Product according to IEC60825-1:1993, IEC60825-1:2007 including amendments. The unit uses laser diode of output Max. 5 mW, wave length 785 nm, continuous pulse. Caution: Use of controls or adjustments or performance of procedures other than those specified herein may result in hazardous radiation exposure. Warning: This is a Class A product. In a domestic environment this product may cause radio interference in which case the user may be...

Words: 38982 - Pages: 156

Free Essay

Immigrant Lit Final Paper

...Professor Wecker HUM 357O.O - Immigrant Literature They built the Great Wall of China, didn’t they? When people hear about the Great Wall, they will typically think about the Great Wall of China. However, what we will talk about here is not the Great Wall of China, initially built more than two thousand years ago. Rather we will talk about the critical role Chinese immigrant laborers played here in the United States one hundred and fifty years ago, in building the first transcontinental railroad. The linking of the Atlantic east coast with the Pacific west coast by this Great Iron Trail fundamentally transformed the United States, and propelled into the greatest power in human history. When Leland Stanford and Thomas C. Durant, on May 10, 1869 (Williams 264), drove down that ceremonial last spike, a spike made of California gold, on the transcontinental railroad at the Promontory Summit, Utah, the history of the United States, and with it the history of this world, was forever changed.  Among the engraving on 3 sides of the spike was the invocation “… May God continue the unity of our country as this railroad unites the two great oceans of the world…” (Williams 266). Before that very moment, eight Chinese men, making the final preparation for the last spike of that historical railroad, had laid the final pair of rails. In the midst of fifteen hundred spectators of “every color, creed and nationality” (Williams 264), they appeared to be but a small and insignificant...

Words: 3276 - Pages: 14

Premium Essay

How My Memoir Changed My Life

...ranged from how poetry changed my life and how they continue to, the night my brother was hospitalized, how school was a constant in my life when nothing else would stay, and how a particular poem made me rethink, but alas the spark was lost and I was desperate for a quick fix. You know what I did, I panicked; memoirs bring a heavy rain clouds filled with dread, raining procrastinating and bolts of ideas that flash bright and harshly before disappearing leaving behind a confuddled child. “Due Tuesday.” Ms. Becker’s , my English teacher, voice rang clearly. Oh god, everything I wanted to write about was dull, by now. Ideas and crumbled sheets of college - ruled papers follow me like an honors student’s cry for extra credit. Nothing would stick but the constant rain of dread soaking me to the bone. A light bulb lits up; I should write about my struggle to write a memoir but. “That’s ridiculous” Who said that!? I don’t know maybe it was even me but I heard it echo. Pages, pages are due so soon; what am I going to write about? I really shouldn’t procrastinate on this. Asking other classmates. They have the same struggle, finding no inspiration or tapping into a drying well of muse. I thought of how this is going to be, and I wondered why this was so difficult to do, I didn’t have a clue as to why. So many amazing ideas scratched and tossed away, like an unwanted grade. I wanted to write about poetry, or my friends, or something major in my life and how's it's there twenty four...

Words: 924 - Pages: 4

Free Essay

Good

...ORGANIZATIONAL DEVELOPMENT AND BEHAVIORAL FACTORS Mgmt 605-M02 Mondays 6:00-8:10 p.m. DESCRIPTION This course links the classical management process to the analysis of human behavior. How do people think, analyze a situation, and how they behave. The practicing manager should gain theoretical knowledge on which to base experience and/or intuition when making decisions or solving problems involving the human dimension in the organization. In this course you are going to learn a series of models: 1) The individual—to help you understand, predict, and modify an individual’s behavior. 2) Perception of people—how such perception differs from other perceptions aspects and its importance 3) Functions of the managerial brain—how it works, makes decisions, solves problems, creates ideas 3) Dimensions of communications—to enable you to understand the basics of transmittal of knowledge 2) Two person interactions—so that you can understand conflict, leadership behavior, negotiations. 3) Small group functions,--so that you can understand when and why they are strong and get results and when they are weak and become failures 4) The large organization—so that you can utilize their strengths in marshalling human resources to get the work out and how they can adapt to changing times. If you have any problems with this course, doing the work or meeting standards, speak to your instructor before you receive failing grades or other unpleasant consequences. When you discuss...

Words: 22795 - Pages: 92

Premium Essay

Comprehensive Grammar Answer Form

...writing. In fact, the three universities that I have attended in the past have all required me to use the APA style of writing. As I recall my high school years, the APA style of writing also seemed to be a favorite amongst my high school teachers. They all required that term papers be written in APA style as well. This type of writing actually does not differ much from the ones included in the text reading. The text mentioned the APA style of writing several times. In my opinion, it appears to be the most popular style of writing, especially amongst college students. Based on the results of the quizzes, my grammar skills were actually a little better than average. I actually had expected to do better, but I guess my grammar skills are not as good as I thought they were. In any event I feel very confident when it comes to spelling, as I have always been a great speller. Even in grade school, I was a good speller. I learned at a very young age to challenge myself when it comes to spelling. Challenging my-self in that area really paid off as I became older, as I’ve never had a problem with spelling. However, I feel that I need more help with run on sentences and with thought patterns. Though I proof read my paper several times, it’s hard for me to see that I have several run on sentences until after I get my grade back. In general, I feel that my writing is just mediocre. However, I also believe that when it comes to writing, I am my own worst critic. Reason being, I am never...

Words: 751 - Pages: 4

Premium Essay

Security

...computer and communications equipment (owned by MIS) magnetic media (owned by Manager) power supplies and plant, such as air-conditioning units (owned by MIS) Software assets (owned by MIS) • • • • application software system software development tools utilities Information assets (owned by Manager or MIS) ‘Information’ means information held by the Company on its own behalf and that entrusted to it by others. The following are examples of the media which may contain or comprise information assets. • • • • • • • • • • databases and data files system documentation user manuals training material operational or support procedures continuity plans and fallback arrangements back-up media on-line magnetic media off-line magnetic media paper Services • • computing and communications services (owned by MIS) heating, lighting and power (owned by Manager or Building Services Manager) 1 17/01/03 First•Base Technologies Town Hall Chambers High Street Shoreham-by-Sea West Sussex BN43 5DD UK Tel: +44 (01273 454 525 Fax: +44 (0)1273 454 526 info@firstbase.co.uk Guidance on Information Classification Categories for classifying document security Category 1 : Routine (non-confidential) documents Description: All documents of a routine nature. Effects of disclosure: No measurable damage to the company or a department. Examples: Normal memos, routine reports, circulars. Estimated occurrence of this classification: More than 80% of all documents would be within this class...

Words: 2760 - Pages: 12

Free Essay

Research

...TO: FROM: SUBJECT: DATE: CC: [CLICK HERE AND TYPE NAME] SAMUEL NEWMAN-BREMANG [CLICK HERE AND TYPE SUBJECT] OCTOBER 22, 2013 [CLICK HERE AND TYPE NAME] C R E A T I N G W A T E R M A R KS I N M I C R O S O F T W O R D [Note: Some steps may vary in Word 97. For additional help, search for “watermark” in the product help or on the Microsoft support site at http://support.microsoft.com.] A watermark is any text or graphic image (such as the “Draft” in the background of this document) that is printed to overlap existing text in a document. A logo printed lightly behind a letter or the word "Confidential" printed lightly on a contract are other examples of watermarks. The rotated “Draft” watermark on this page was created using the Word Art feature. You can insert pictures (such as a logo) from a file or using Clip Art. All three features can be found by clicking on Picture in the Insert menu. To view a watermark as it will appear on the printed page, click Print Layout on the View menu or click Print Preview on the File menu. The watermark will print on every page of this document, just like headers and footers. To edit the watermark or insert a new one, you need to click Header and Footer on the View menu. TO FORMAT A WORDART WATERMARK (LIKE THIS “DRAFT” EXAMPLE): Use the WordArt… command on the Format menu to choose your desired settings for your watermark. There are multiple tabs in that dialog. Use the “Colors and Lines” tab to set the color and transparency. (This “draft”...

Words: 504 - Pages: 3

Premium Essay

How to Write a Good Academic Paper?

...How to Write a Good Academic Paper? That is a question which most students ask and most of them are new to academic writing. Academic writing if taken as a whole, then it would help you figure its significance and what is more important is, it would help you understand the purpose of it. Any good academic writer’s quality is his/her mind is loaded with creative set of ideas that help him navigate through the whole topic of academic paper. Ideas lead you to somewhere and only a few good students are gifted by nature and if you are not then you can also build up a good rhythm of academic writing. Secondly, you should also have a good sense of your audience; you should know what element of your academic writing would entice them and also create some space for your write-up for reading in their schedule. You then research for resources and data that would be of great use to enlighten your readers. Knowing what you audience wants, should be in your priority because readers enjoy what they seek in your writing. Usually what they look out for is something that could either bring them a smile or get them to think over the subject. Having creative ideas doesn’t guarantee a good and well-researched academic writing. You need to able to figure out ways of putting your research in a proper format so that readers don’t feel deviated from the focal point of your write-up. You should use your sources with proper attentiveness else it would completely ruin your efforts from top to bottom....

Words: 477 - Pages: 2