Premium Essay

Term 2

In:

Submitted By sabs32
Words 1436
Pages 6
University of Phoenix Material Sabrina Morton

Business Forms Worksheet

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation.

1. Research and provide three advantages and three disadvantages for each business form.

2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form.

Sole Proprietorship

Advantages

1. Ths sole proprietor (owner) has complete control and decision making power of the business.

2. Sale or transfer can be completed at the discretion of the sole proprietor.

3. No corporate tax payments.

Disadvantages

1. The sole proprietor can be held personally liable for debts and obligations of the business.

2. All responsibilities and business decisions fall on the shoulders of the sole proprieter.

3. Investors don’t usually invest in sole proprietorships.

Summary

I would start an online costume selling business as a sole proprietorship. I would choose this type
|of business as a sole proprietorship because it is an inexpensive business. I would not have to open up |
|an actual building to sell the costume jewelry. I would have a distributer from whom I receive my |
|inventory. I would not invest a lot of money in this business, and I would not expect to become |
|wealthy behind it. It would be a great way to start and try out my business idea, and maybe grow into |
|a partnership later on. An

Similar Documents

Premium Essay

Nt1310 Unit 2 Term Paper

...2. Before certifying purchase requisition, check the authorization of respective department head, cross check with previous certified PR records for avoiding double Requisition against an Item, inquired about the necessity of required items, check the balance quantities in stock as well as group stock, if available managed it from other units and record the certified PR in an excel control sheet for PR track. In case of bulk quantities, purchase requisition, analyze the item consumption between 3 to 6 months and set the standard limit of requisite quantity for controlling over inventory stock. 3. Confirm the credit & cash bill item quantities and specification with the Material Receipt Report (MRR) details and Purchase Requisition (PR) record, keep records the credit and cash bills details in the PR tracker for identifying double bills against a PR and check the item details correctly posted in the inventory Tally software. 4....

Words: 470 - Pages: 2

Free Essay

Lufthansa

...a) Marketing concept Deutsche Lufthansa is the flag carrier of Germany and the largest airline in Europe in terms of overall passengers carried. The name of the company is derived from Luft (the German word for "air"), and Hansa (after Hanseatic League, the powerful medieval trading group). The airline is the world's fifth-largest airline in terms of overall passengers carried, operating services to 18 domestic destinations and 183 international destinations in 78 countries across Africa, Americas, Asia and Europe. Together with its partners Lufthansa services around 410 destinations. With over 722 aircraft it has the third-largest passenger airline fleet in the world when combined with its subsidiaries. d) Marketin Mix - when marketing its products firms need to create a successful mix of: · the right product · sold at the right price · in the right place · using the most suitable promotion. To create the right marketing mix, businesses have to meet the following conditions: · The product has to have the right features - for example, it must look good and work well. · The price must be right. Consumer will need to buy in large numbers to produce a healthy profit. · The goods must be in the right place at the right time. Making sure that the goods arrive when and where they are wanted is an important operation. · The target group needs to be made aware of the existence and availability of the product through promotion. Successful...

Words: 1241 - Pages: 5

Premium Essay

Consumerism Is a Necessary Evil

...ON CONTRACT ) INTRODUCTION 1. 2. 3. This booklet gives you detailed information about the Competitive examination for recruitment to the post of Executive (on contract). The selection process consists of (a) Written Examination and (b) Interview. Candidates who qualify in the written examination with high merit rank are eligible to be called for interview. Use of HB Pencil and Ball Pen : You should bring with you two HB pencils, a good quality eraser, a sharpener and a ball-point pen. You are advised to bring two pencils to avoid mending a pencil during the examination as you may lose time. Use ball-point pen for filling up the information only in boxes 1-10 on Side 1. Use HB pencil only, for filling up information in boxes 12-26 on side 1 of the answersheet and box 27 on side 2 of the answersheet. All the answers should also be marked by using HB pencil only. Handling answersheet : Please handle your answersheet carefully. Keep it dust free. If it is mutilated, torn, folded, wrinkled, rolled or dusty, it may not be evaluated. Special attention should be paid to the different objective type tests, since these are different from the usual school/college examinations. 4. 5. HOW TO SHOW YOUR ANSWERS : Each question is followed by answers which are numbered 1, 2, 3, 4 and 5. Select the most appropriate answer. Then by using HB Pencil, blacken the oval bearing the correct answer against the serial number of the question. (Refer to side 2 of the Specimen Answersheet). Please...

Words: 2678 - Pages: 11

Premium Essay

Profile of Working Students and It' S Implication on Academic Standing

...blame for this mistake will be felt truly. When looking at the profile of those students who are working and at the same time is studying, you would notice that they never dare wasting their time. For them, every second counts. Make an observation and you will find out that almost all of the working students are working too hard to finish their studies. For them, wasting their effort, time and money is such a big mistake. OBJECTIVES OF THE STUDY The objective of studying this matter is to know the profile of the working students and the implication on the class standing. Specifically, they need to answer these following questions: 1. What was the working students are going through while they are studying and at the same time working? 2. What are the statuses of the working students when it comes to their grades and their participation in class?...

Words: 4091 - Pages: 17

Free Essay

Organizational Behavior

...them. The LSI survey is a circle that is broken in many parts. There are 3 areas that the circle is broken into which are satisfaction needs, task orientation, and security needs. The primary part is the satisfaction needs whereas the backup tells you what causes these traits. When it comes to the scoring of the survey I had my highest in the constructive styles 1, 2, 11, and 12. These help with self-enhancing thinking and behavior that causes satisfaction. Number 1 is the humanistic encouraging The Humanistic-Encouraging scale measures our interest in people, our tendency to care about others, and our ability to encourage them to improve. Humanistic-Encouraging people are accepting of themselves, and accept others for who they are without any issues. I believe I am definitely like this because I am not a judgmental person. Number 2 is the affiliate part that measures degree of commitment to forming and sustaining satisfying relationships. This is the area where people want to establish long relationships with others. I think when it comes to seeking relationships I am like that because I want to have long term relationships with people and enjoy...

Words: 1381 - Pages: 6

Free Essay

Alan

............................................ 11  Energizer: Accentuate the Positive............................................................................. 11  Energizer: Name Game.............................................................................................. 11  Energizer: Heart to Heart ........................................................................................... 11  Energizer: Guess my Body Language ........................................................................ 11  Energizer: How to Say Hello in Different Languages ................................................. 12  Energizer: Good Morning Game ................................................................................ 12  Service Value # 2 – Maintain A Professional Image ................................................. 14  Energizer: You Look Marvellous ................................................................................ 14  Energizer: First Impressions ....................................................................................... 14  Energizer: Your Professional Image Assessment ...................................................... 15  Energizer: Beauty Pageant...

Words: 24325 - Pages: 98

Free Essay

Numerology Through Symbols of Faith

...placing of meaning on numbers in the Scriptures. Numerology is by no means restricted to Christianity, even though we choose to make it our focus for the purpose of this paper. Numerology attempts to explain the reason why God used numbers as he did, and what he was potentially trying to tell us. Thorough analysis and interpretation efforts have taken place along the years, in other to find meaning behind this scientific, most often philosophical, symbol use. “The Pythagoreans made number games philosophically respectable, and the great authority of Plato raised mathematics into theological realms. But at the lowest level, numbers remained magical.” The fall of the Roman Empire, caused a challenging transition for many, especially in terms of religion. From Paganism to Christianity, many had to look for a meaning, and be convinced, or understand, regardless of doubts that a new religion was to emerge. The early years of Christianity revolved around strong thinkers who were able to establish arguments in order to defend a newborn faith. Those strong thinkers, not always referred to as Saints, are known to us as the Fathers of the Church. The three that we will briefly look into in order to stabilize the basis of the argument are: Irenaeus of Lyons, Ambrose of Milan, and Augustine of Hippo. Irenaeus, born in 130AD, was an early Greek Church Father, and...

Words: 2225 - Pages: 9

Premium Essay

Memento Assignment

...dots are where the scenes start and stop, and the green numbers above the arrows is scenes. We start at the end of the movie at dot number 2 and then we see scene number 1 which ends at dot number 1. Afterwards we see the first black/white part of the movie. The black/white parts are played in chronological order. After we have seen the first black/white part we jump to dot number three and watch scene number 2 which ends at dot number two. After seeing scene number two we watch the second black/white part. Then we jump to dot number 4 and so on. The real chronological order would be to first see all the black/white scenes in the movie in the order we see in the movie. Afterwards we would see scene 7, then scene 6 and so on until we have seen the last scene, the scene the movie started with. Because of this structure of the movie you need to follow closely or you need to know before you watch the movie how it works or else it can be very confusing. It also demands from the viewer that he/she notices the little things that happens for example when we see Sammy Jenkins at the institution and when someone walks by and suddenly it is Lenny sitting in the chair. As a viewer you also need to know when we deal with flashbacks and when we just jumped one scene back. Through the story we kind of experience how it feels to suffer from short-term memory loss like Lenny. Because we don’t know what has happened earlier we only know what Lenny has told us and what we can see on Lenny’s...

Words: 587 - Pages: 3

Free Essay

12 Angry Men

...Corridors of Transition between 12 Angry Men and 12 “I have always found that mercy bears richer fruits than strict justice”. Abraham Lincoln “The virtue of justice consists in moderation, as regulated by wisdom”. Aristotle ”Nobody gets justice. People only get good luck or bad luck”. Orson Welles Justice = mid-12c., "the exercise of authority in vindication of right by assigning reward or punishment;" also "quality of being fair and just," from Old French justice "justice, legal rights, jurisdiction" (11c.), from Latin iustitia "righteousness, equity," from iustus "upright, just" . The Old French word had widespread senses, including "uprightness, equity, vindication of right, court of justice, judge." The word began to be used in English c.1200 as a title for a judicial officer. Meaning "right order, equity" is late 14c. Justice of the peace first attested early 14c. In the Mercian hymns, Latin iustitia is glossed by Old English rehtwisnisse. To do justice to (someone or something) "render fully and fairly showing due appreciation" is from 1670s. This word, with such a strong connotation, influenced and formed the basis of many philosophical...

Words: 5039 - Pages: 21

Free Essay

Numerology

...1 www.oldwitchcraft.com 2 www.oldwitchcraft.com 3 INTRODUCTION The science of numerology can be traced back thousands of years. The Chinese, Japanese, Greek, Hebrews, Egyptians, Phoenicians, early Christians, Mayans, and Incas all used some form of numerology to gain a deeper understanding of themselves and the universe. Numerology is perhaps the easiest of the occult arts to understand and use. All you need is the birth date and the complete name of an individual to unlock all of the secrets that the numbers hold. (Most authorities agree that the full birth name as recorded on your birth certificate is the name that must be used for all calculations involving name.) There are eleven numbers used in constructing Numerology charts. These numbers are 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, and 22. Larger numbers that occur from adding the numbers in the complete birth date or from the values assigned to each name are reduced by adding the digits together until the sum achieved is one of the core numbers. Merely add the components of the larger number together (repeatedly, if necessary) until a single digit (or the "master" numbers 11 or 22) results. Each of these numbers represents different characteristics and expressions. Master numbers are the only exception to rule of reducing to the single digit. The master numbers 11 and 22 are intensified versions of the single digit number they replace (2 and 4). These numbers suggest a potential for a high degree of learning and/or achievement...

Words: 10684 - Pages: 43

Free Essay

Accounting in Management

...Unproctored Mock-1 2013 Answers and Explanations 1 11 21 31 41 51 b d b b d b 2 12 22 32 42 52 b b a b c a 3 13 23 33 43 53 c c d a b a 4 14 24 34 44 54 a b d d c a 5 15 25 35 45 55 a a d b a b 6 16 26 36 46 56 c a b c b a 7 17 27 37 47 57 a b c b a d 8 18 28 38 48 58 b c a b d d 9 19 29 39 49 59 c d b c d c 10 20 30 40 50 60 d b c c a d Page 1 Unproctored Mock-1 2013 1. b 1! + 2 × 2! + 3 × 3! + 4 × 4! +…+ 12 × 12! = (2! – 1!) + (3! – 2!) + (4! – 3!) +…+ (13! – 12!) = 13! – 1 So the remainder = –1 i.e. 12 Let the smallest number be x and the three equal numbers be y. Then, x + 3y + x + 100 = 150 5 4. a A 2. b 3 y 2 Hence, y can take only even values. ⇒ 2x + 3y = 650 ⇒ x = 325 − 2 3 cm Also, 325 − 3 3 y < y < 325 − y + 100 2 2 B D 4 cm 6 0° F E C 3 y < 425 2 ⇒ 130 < y < 170 As y is even, the number of possible values of y ⇒ 325 < y + 168 − 132 + 1 = 19 2 Hence, the number of different possible values of the largest number i.e. (x + 100) is also 19. = 3. c Let the number of boys be x and the number of girls in the class be y. From statement A: x = 2y + 5 We cannot find the exact values of x and y. Hence, Statement A alone is not sufficient. From statement B: 0.4x = y We cannot find the exact values of x and y. Hence, Statement B alone is not sufficient. From statements A and B: Solving, we get x = 25 and y = 10. So the total number of students in the class = 35 Hence, both the statements together are required to answer the question...

Words: 1779 - Pages: 8

Free Essay

Financial Inclusion

...PROBATIONARY OFFICERS IN STATE BANK OF INDIA (DATE OF WRITTEN EXAM : 28.04.2013) INFORMATION HANDOUT Central Recruitment and Promotion Dept., Corporate Centre, Tulsiani Chambers, 1st Floor, ( West Wing), 212, Free Press Journal Marg, Nariman Point - Mumbai 400 021. INTRODUCTION This Booklet gives you detailed information about the objective type Competitive examination for recruitment of Probationary Officers in State Bank of India. This post was advertised in the Employment News/Rozgar Samachar issue dated 9-15 February, 2013 and on the Bank’s website www.statebankofindia.com and www.sbi.co.in. The terms and conditions, period of probation, emoluments etc. were given in the advertisement. You should ensure that you are eligible in respect of age, educational qualification, nationality as stipulated in the advertisement. Details of tests are given ahead in the booklet. 1. 2. 3. GENERAL INSTRUCTIONS Particulars to be Noted : Please note carefully your Roll Number, Registration Number, date, time and venue for the examination given in the call letter. Punctuality in Attendance : Candidates should be present at the examination hall at the time given in the call letter. Candidates arriving late will not be permitted to enter the Examination Hall. Call letter to be Surrendered : Affix firmly a copy of your recent passport size photograph in the space provided for it in the call letter and bring it with you alongwith photo identity proof in original and a photocopy when you come...

Words: 7045 - Pages: 29

Free Essay

Aaaaa

...Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date Lunar date 1 12th Lunar Month 2 2 3 2 3 4 5 6 7 9 9 3 3 4 3 4 5 6 7 8 4 4 5 4 5 6 7 8 9 5 5 6 5 6 7 8 9 6 6 7 6 7 8 9 7 7 8 7 8 9 8 8 9 8 9 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1st Lunar Month Solar Terms Moderate Cold: 5 Severe Cold: 20 2 2nd Lunar Month 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 4th Lunar Month 5th Lunar Month 3rd Lunar Month Spring Commences: 4 Spring Showers: 19 Insects Waken: 6 Vernal Equinox: 21 Bright & Clear: 5 Corn Rain: 20 2 3 4 5 6 8 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 2 2 4 4 6 7 7 9 9 10 8 5 7 3 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 6th Lunar Month 7th Lunar Month Summer Commences: 5 Corn Forms: 21 Corn on Ear: 6 Summer Solstice: 21 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 2 2 4 5 5 7 7 3 3 5 6 6 8 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 8th Lunar Month 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 9th Lunar Month 9th Lunar Month 2 3 3 5 5 3 4 4 6 6 Autumn Commences: 7 End of Heat: 23 White Dew: 8 Autumnal Equinox: 23 Cold Dew: 8 Frost: 23 Moderate Heat: 7 Great Heat:...

Words: 564 - Pages: 3

Free Essay

6ch01 01 Msc

...please call our GCE line on 0844 576 0025, our GCSE team on 0844 576 0027, or visit our website at www.edexcel.com. If you have any subject specific questions about the content of this Mark Scheme that require the help of a subject specialist, you may find our Ask The Expert email service helpful. Ask The Expert can be accessed online at the following link: http://www.edexcel.com/Aboutus/contact-us/ Alternatively, you can speak directly to a subject specialist at Edexcel on our dedicated Science telephone line: 0844 576 0037 Summer 2010 Publications Code US023629 All the material in this publication is copyright © Edexcel Ltd 2010 6CH01_01 1006 Section A (multiple choice) Question Number 1 (a) Question Number 1 (b) Question Number 2 Question Number 3 Question Number 4 (a) Question Number 4(b) Question Number 4 (c) Question Number 4 (d) Question Number 5 Question Number 6 Question Number 7 Question Number 8 Question Number 9 Correct Answer B Correct Answer D Correct Answer D Correct Answer A Correct Answer B Correct Answer D Correct Answer C Correct Answer A Correct Answer B Correct Answer A Correct Answer C Correct Answer D Correct Answer C Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 Mark 1 6CH01_01 1006 Question...

Words: 2331 - Pages: 10

Free Essay

Term Paper 2

...LETTER OF REQUEST Date 04 March 7, 2014 Dear Sir/Madam, TO THE SPORTS MINISTER KIAMBU COUNTY. The International Taekwon-Do Federation Kenya is working very hard to fight Drugs starting with Kiambu County. We are doing this in a special way of using Taekwon-Do Sports to the society especially the YOUTHS who are highly targeted by merciless people with this dangerous Drinks, Bang, and many other drugs that circulating in this County, meanwhile we have already started the project in kikuyu town, Kamangu town, Kerwa, Gitaru, Kambaa Primary and Githunguri as well as in the Private and Public Schools. Unfortunately we are not able to help fully due to lack of enough holding capacity we are unable to maintain. We the ITF TAEKWON-DO KENYA we are very interested to work with Kiambu County Government and any other group or an organizations that are against Drug Abuse in the Country. For this reasons we ask for your help and support to establish this Sport in every town in Kiambu. We send our request to the Hon Minister of Sports to provide us with the Community Halls eg-: CDF Halls and Empowerments centers which are constructed by the Kenyan Government to Help the Societies. Lastly we recommends to locate an office at kikuyu town in the County Governments structures because it will be difficult...

Words: 291 - Pages: 2