Business Plan Part 4: Organizational Plan and Financial Plan Let us begin by first identifying what the three of these forms are and what they mean to the process..The sole proprietorship is the one that catches the eye of our company Elite Productions presents. In this form of legal business the business itself has only one owner. This is listed as the most common of the four types of organizations compared to. In this form the owner and the business are considered as being un-breakable unless
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a family medical leave to help his seriously ill father. Herman, the owner of the dealership, argues that if tony take a substantial amount of time off, it would jeopardize the sales of the company. Herman mentions that the dealership is a small business and that everyone’s presence is dependent in the increase of sales. In turn, Tony points out that Herman has more than 50 employees, and that he should give one of the employees the opportunity to work fulltime. According to, the Family and Medical
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reasons. The parent could have had financial difficulties, incarcerated, or unaware of the child. 2. Explain whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA. The Family and Medical Leave Act state that an employer must have a staff of 50 or more employees that live within 75 miles of the business for an employee to eligible for the Family and Medical Leave Act. The total number of employees can be full-time, part-time, or temporary
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or foster father or mother, or any other individual who stood in loco parentis to the employee when the employee was a son or daughter as defined in paragraph (c) of this section. This term does not include parents “in law.” 2. Does it matter whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA? Yes, that matter because the fact is that this company has more than 50 employees that has effect in Tony’s eligibility. The FMLA applies
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service tax, etc. are the same as in any other business.” However, for carrying out an event at an outside venue, you need certain authorisations from the local bodies. In a place like Chandigarh one needs 6-7 authorisations whereas the number can go up to some 21 authorisations in Delhi. Some essential authorisations include a permit from the Municipal Corporation (for putting up advertisements), the Superintendent of Police (security), the SDM (law and order) and a no objection certificate from
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Legal Forms of Business Sole proprietorship The sole proprietorship is the oldest, most common, and simplest form of the business. Also known as a sole trader, is a type of business form that is owned and manage by one person and in which there is no legal difference between the owner and the business. The owner receives all profits and has full responsibility for all losses and debts. The proprietor owns every asset of the business and all the business liabilities are the proprietor’s. A sole
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self-employed business like my brother in laws, Steiny’s Garage. A partnership is two or more people who own a business equally. They share all the responsibility of the business between the members which includes the risks and the rewards. An example of a partnership would be the original Johnson & Johnson Company, before it became and LLC. (Johnson & Johnson) A sole proprietorship is the most common structure when choosing to start a new business. It is an unincorporated business that is
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Entrepreneur p. 1 The purpose of this paper is to conduct an interview of a business owner to conduct a critical analysis of the business. On Sunday, 2013, I will interview X about her experience with business ownership in the cosmetology industry. Interview Question 1. What are the products and services offered at your local business? A.: X offers a wide variety of retail hair products and they cater to both male and female needs. Interview Question 2. What made you decided
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The Family and Medical Leave Act (FMLA) was devised to provide job stability and protection to individuals necessitating an extended period of time off work. Enacted in 1993 by President Bill Clinton, the purpose of this law is to permit qualified employees a leave of absence because of a variety of personal, medical, or serious circumstances. The FMLA allows employees to take up to 12 weeks of leave, under the stipulation that they will not be paid, their benefits coverage will stay intact, and
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CheckPoint Business Organization A Joint Stock Company is a type of corporation or relationship between two businesses or companies similar to a partnership. Often, certificates of ownership called stock can be issued by the business or company in exchange for additional contributions. The shareholders in these companies or businesses are able to transfer their shares or ownership interest at any time by selling their stock to others. Specifically, there are only two types of joint stock
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