Business Law Assignment

Page 18 of 50 - About 500 Essays
  • Premium Essay

    310.1.2 Task 1 Part a

    invested in the business but also personal assets. * Income Taxes – Due to you being the sole owner there is no separate business income tax filing for a business under Sole Proprietorship. Business income or loss is reported on the sole proprietor’s personal tax return, and any tax is paid at the individual level. * Longevity / Continuity - The Sole Proprietor is the sole owner, with no partners in the business, if the Sole Proprietor becomes disabled, retires or dies the business is dissolved

    Words: 1901 - Pages: 8

  • Free Essay

    Plan

    and purpose (commercial/trading or professional). The fifth part shall define the different kinds of partners, according to nature of contribution (capitalist, industrialist or both), liability (general or limited), and interest/obligation to business (managing, secret, silent, dormant, ostensible). The fourth part shall provide the reader with the basic procedures of forming and operating of a partnership. This last part aims to give the reader a clearer look on the inner workings of a partnership

    Words: 261 - Pages: 2

  • Premium Essay

    Partnership

    association of two or more persons to carry on, as co-owners, a business for profit (Uniform Partnership Act, section 6). Partnerships resemble sole proprietorships, except that there are two or more owners of the business. Each owner is called a partner. Partnerships are often formed to bring together various talents and knowledge or to bring needed capital into a business. Partnerships are generally associated with the practice of law, public accounting, medicine and other professions. Partnerships

    Words: 1407 - Pages: 6

  • Premium Essay

    Organizational Business Forms

    PART A Business Forms of Organization SOLE PROPRIETORSHIP: A sole proprietorship business is owned by a single individual and is not legally differentiated from the owner. It is the simplest form of business as there is less paperwork and it is subject to fewer regulations and restrictions. It is not usually required to register as a business unless it operates under a fictitious name or provides supplies or services that require licensing. The owner has complete autonomy for all business

    Words: 2516 - Pages: 11

  • Premium Essay

    Small Business Idea

    Small Business Idea Tina Sergio ACC/561 Week 1 February 5, 2013 Bobby Bates Small businesses and entrepreneurs form the backbone of the U.S. economy. Since early America, entrepreneurs have generated ideas that create opportunities so other people were able to begin their own company, and, it is likely that new entrepreneurs will continue to

    Words: 1630 - Pages: 7

  • Premium Essay

    Legal Forms of Business

    Legal Forms of Business Legal Forms of Business Entrepreneurs face a difficult decision in choosing a legal form of business. The preferred form of entity is dependent on many relative factors, such as the type of organization and business environment. Different forms of legal businesses have different tax, investment, and financial implications. The best-suited business calls for a thorough analysis of pertinent facts before making a decision – requiring some careful planning and strategy

    Words: 1429 - Pages: 6

  • Premium Essay

    Legal Forms of Business

    Forms of Business When considering the preferred legal form of business, it comes down to the level of liability, the size of the business and the number of owners or shareholders that will be involved. It is important to consider that with the increased size of a business and the increase in the number of owners, the decision-making process becomes more complex. The level of liability for the owners decreases as the owners no longer are liable for the losses and gains of the business within larger

    Words: 2170 - Pages: 9

  • Free Essay

    Forms of Business Organizations

    Forms of Business Organizations AIU Online FINA310 Unit 1 DB Charlotte Taylor 06.09.13 Within the business world there are numerous forms of businesses global and domestic. Therefore, choosing the right form of ownership can be hectic. Although, there are numerous choices to make I hope to make the decision less hectic by discussing some advantages and disadvantages of three of the most common forms that may be right and profitable for the business. The three legal forms are: (sole) proprietorships

    Words: 716 - Pages: 3

  • Premium Essay

    Forms of Business

    Forms of Business When beginning a business venture, the first and most important decision made by the owner is to review the forms of business options and determine which one would be suitable for the organization of their company. There are seven forms of business that will be discussed and different scenarios that will be developed in which each of these forms of business would be the preferred form. The seven forms of business are sole proprietorship, partnership, limited liability partnership

    Words: 1782 - Pages: 8

  • Premium Essay

    Lit1 Task 1a

    operate the business. The operation of the business can be significantly affected if the owner becomes sick or dies.   4. Control owners have complete control of the business. The owner is totally responsible for all decisions pertaining for business operations.   5. Profit retention   Owner have 100% profit retention. They may choose to invest it back into the company or use it for personal use.   6. Location   The owner has the ability to choose the location of the business or move it

    Words: 1229 - Pages: 5

Page   1 15 16 17 18 19 20 21 22 50