Starting a business is a challenging process. It is imperative to consider what form of business would best suit the unique product or service. The decision to form a specific type of business depends on many factors including tax, accounting and legal implication as well as the structure and liability of the business. In this paper the focus will be on establishing my wedding photo studio, the advantages and disadvantages of different business structure and the consequences associated with each
Words: 1246 - Pages: 5
Part 1 Business Enterprises in China 1.0 Introduction 2.0 Proprietorships 3.0 Partnerships 4.0 Corporates 1.0 Introduction In the People’s Republic of China, business organizations may be classified in to three main classes: individual proprietorships, partnerships, and corporations. The laws that effect these forms of business enterprises are diverse. There is no single code or statute that governs the PRC law of business enterprises. According to the sources of capital, there are domestic
Words: 12251 - Pages: 50
When deciding to go into business for oneself, it takes a great deal of time, thought, and risk. Becoming an entrepreneur is not a simple task. One of the most important decisions an entrepreneur must make is deciding what type of business he or she wants to open. Throughout this paper, I will discuss seven business types; sole proprietorship, partnership, limited liability partnership, Limited Liability Company, S corporation, franchise, and corporation, and will give a scenario for each. In
Words: 1751 - Pages: 8
location where there are at least 50 employees within a 75-mile radius of the work location. Integrity plays a big part in the Family and Medical Leave process because people can abuse the program by giving misleading information. In my research paper I will explain the beneficial factors
Words: 1118 - Pages: 5
State of Wisconsin This report covers the topic of paid maternity leave – its benefits, costs, overall accessibility, and why it should be instated. This report will include an assessment of the economic impact of paid maternity leave on both the business and the individuals affected by it. It also covers the cultural and interpersonal impact of the lack of paid maternity leave and an analysis on countries that offer maternity leave and what consequences this brings about. The sources will derive
Words: 2953 - Pages: 12
Abstract Work-life balance effects families all over America. This paper examines many contributing factors that determine the work life balance of families and they include ethnicity, social status, type of work, work leave policies, flexibility of employers, and what industry employees are employed in. There are few government regulations that help with the work-life balance of employees. Most of the work-life balance decisions are made by the employee’s family structure and employers policies
Words: 4643 - Pages: 19
Subject: Research on the right form of business entity Mr. XYZ, Conducting thorough research on the plausibility of choosing a specific form of legal business entity form for a certain specific business, several facts have been learned. I have been able to understand why it is always very much needed to know and verify the right form of legal structure to be applied to a business before actually setting up the business and carry on with its operation. As the business of my desire must have to be established
Words: 3225 - Pages: 13
These entrepreneurs spend more than eight hours a day on their businesses and supply their products by themselves. However, most of the problems faced by these sole proprietorship, e-commerce entrepreneurs involve the cost for investment in the business and the knowledge that is required in order to be an entrepreneur. Nevertheless, the trend toward sole proprietorship, e-commerce entrepreneurs in Thailand will increase with the adaptation of
Words: 3881 - Pages: 16
Part A There are many different types of business forms for your company to convert to. Below I will discuss the six types, their characteristics, advantages and disadvantages. I have concluded that there is one piece of generalized advice I can give for all of these types, and that is preparation for all owners involved, no matter the role. In the event of a death, or a decision to leave the business, you should make sure that at the forming of the business, that everything is in order for all parties
Words: 4602 - Pages: 19
M E M O R A N D U M TO: ABC Corporation SUBJECT: Employment Law – Racial Discrimination and Retaliation DATE: May 10, 2015 Proposed Question Will Samuel prevail in a lawsuit against ABC Corporation (ABC) for racial discrimination and retaliation? Short Legal Answer No, Samuel will not prevail in his Racial Discrimination and Retaliation lawsuit against ABC because the actions of ABC did not fall within the statutory definition of Disparate-impact discrimination. Facts of
Words: 2426 - Pages: 10
