Business Organization Form Choice Memorandum Erin P PLAW 350 December 9, 2013 Memorandum To: Professor From: Erin P. Date: October 23, 2013 Re: Business entity form and federal tax regime choice of Erin P Photography ------------------------------------------------- As per our conversation on November 29, 2013, in regards to the firm’s new client, Erin P Photography, I have compiled the following information of your review. In this memorandum you will find that I have thoroughly
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FISH & CHIPS, INC., PART I LEASE ANALYSIS Martha Millon, financial manager for Fish & Chips Inc., has been asked to perform a leaseversus- buy analysis on a new computer system. The computer costs $1,200,000; and if it is purchased, Fish & Chips could obtain a term loan for the full amount at a 10% cost. The loan would be amortized over the 4-year life of the computer, with payments made at the end of each year. The computer is classified as special purpose; hence, it falls into the MACRS 3-year
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Multimedia Activity: Business Organization Business Law I – BUS311 If I were to start my own business, I would choose a Sole Proprietorship. I have always wanted to be a specialty clothing boutique owner, and as a single woman with three children, I need a business structure that not only allows me to have full control over my business, but also help keep start-up expenses to a minimum. A Sole Proprietorship is the ideal business structure for me, as it is owned by one person, with that person
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Period__________ Unit 3 – Business and Labor Chapters 8 & 9 C H A P T E R 8 Business Organizations S E C T I O N 1 Sole Proprietorships The Role of Sole Proprietorships _______________________________________________________________________________________________________________________________________________. A ______________________ is an establishment formed to carry on commercial enterprise. Sole proprietorships are the most common form of business organization.
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benefits to having a sole proprietorship in the firework business, but if the sales decrease will the owner be able to maintain a fully functional business entity with the extra staff that were incurred due to the demand of more firework displays that were put into contract? The owner wants to know more and I will try and help him with his business through proposing a new business entity, different employment types and relationships relevant to law, the liability to Acme Fireworks if spectators are
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about starting a toxic waste disposal business. He plans to collect the waste from businesses that produce it and then dispose of it in a sanitary landfill. In order to start this business, Stan will need a substantial amount of money to buy and develop the landfill site and purchase five trucks capable of transporting toxic waste. What concerns would you have about operating this business as a sole proprietorship if you were Stan? What alternative form of business organization would you recommend
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major reasons for implementing of the FMLA. I will begin with what is FMLA, that is a thorough definition of FMLA and what it was originally intended for. Then I will proceed with the why of FMLA. Why was this act proposed and why was it passed into law. Next, I will discuss how the FMLA works. How is it supposed to work and is it actual-ly working? Included in this, I will present some case studies to that will present different as-pects of FMLA. And finally I will discuss who uses FMLA. Who was it
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Devin Constant FIN/571 Business Structure Advice March 9, 2015 Clifford Merchant Dear John Owner, Congratulations on starting your own business. Since you are unsure of where to start let me provide some useful information that will allow you to choose the best option for your new business. You have started off in the right direction by researching your business plan. You must really plan strategically to ensure the longevity of your business and its ultimate success. First, you must get the
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2014 To: John Owner Re: Business Structure Advice I appreciate you contacting me in regards to forming your business. There are several factors to consider when forming a business and determining how it will be financed. I will list a few options below along with information that will help you in your decision making process; this information will include the advantages and disadvantages of each, and possible tax consequences for each scenario. Choosing a business to be a sole proprietorship
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Proprietorship • Liability: Unlimited Liability, Liability Extends beyond Business Assets to Personal Assets and would also include the future earning potential of the business owner beyond this particular business. • Income Taxes: The Income from Business would be treated as personal Income to owner. Taxes need to be paid accordingly, no double Taxation. • Longevity or Continuity of the organization: The Business is same as owner and would exist for the life of the owner and would have no
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