My entertainment company, Kytepromotions, pays fines for every little violation for every little incident. Since I am the sole proprietorship of my business, I must pay all the fines and attend courts when needed. I thought about going in to partnership with my uncle because he was the one that should me how to start the business. He is older than I am by a few decades and his ideas of how plan wedding and children birthdays are prehistoric. My uncle first got started by working with merchants dealing
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consultants for a start-up business venture. As part of your analysis of the new business venture, prepare a 1,050- to 1,750-word proposal to the CEO in which you discuss: The different forms of business organizations that may be selected as the basis for the business The characteristics of a corporation The different types of stocks and corresponding characteristics, which a corporation may issue The advantages and disadvantages to the corporate form of doing business Cite the source or sources
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There are four different major business formation types. First I will discuss the sole proprietor formation, then the general and limited partnership, the corporation formation and then the limited liability company. I will focus on the main advantages and disadvantages of the formations and decide which one would be best for a design firm. A sole proprietorship is similar to a freelancer, in a sense that one person is the boss and has responsibility over everything. They are taxed similarly as
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Week 1 Interactive Assessment Read the Work, Family, Equity Index 2007 report and state your views on where the U.S. stands in terms of leave for illness and family care. State your views on the differences between the U.S. policy and those implemented in other countries. How do you think the U.S. policy impacts both the individual who is sick and their family members? Do you think the U.S. policy should change? If so briefly describe what you feel the U.S. policy should be. If not, state why
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! Different Types of Business Organizations! ! Sole Proprietorship. ! ! Sole proprietorships is one of the easiest types of business organization to sign up for. This unincorporated business only requires one person to have ownership. Convenience is why this form of organization is preferred, as this organization has the least amount of regulatory oversight. The single owner of the business is the one personally liable for the actions of the business. When filling your income tax
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Acme Fireworks Business Evaluation Ryan Magana BUS311: Business Law I (BBL1524C) Maureen Martinous July 13, 2015 Acme Firework Business Evaluation Acme Fireworks is looking to change the business entity of their company but needs help deciding how to go about doing it. There are plenty of options for the company to go with but some might be more beneficial when it comes to thinking about long term. In this evaluation we will go over the options that are available and what we consider to
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Startups A Small Business Start-Up Checklist 1. Conduct Research and Development *First, answer the following questions: · Is there a current or potential demand for your product or service? · Who makes up your target market? · Does the demand have potential staying power? · What does the current competition look like? · What are the anticipated production/operation costs? (This includes the average cost of any necessary supplies, equipment, and facilities as well as the cost to hire
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proprietorship is a business organization, which is owned by a single individual. The individual makes all decisions for the business without having to consult with other employees or departments. There are many advantages in sole proprietorships. First off, sole proprietorships are easy to create. The owner simply starts doing business by providing goods or services and charging for the goods and services provided. In addition, the owner makes all decisions concerning the business and how it is operated
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To: Business Owner From: Justin Lugar Date: November 4, 2015 Subject: Business Form Recommendation It seem as though the you are looking for a couple distinct business characteristics for improving areas of concerns you have for your, so far, promising business venture. Since you are now operating in a sole proprietorship, which allows business and personal finances to be one in the same, one worry is not having enough liability coverage to protect your personal assets/finances in unforeseeable
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might be needed in certain business industry, as in food or liquor business. Autonomy Own the business out right. Set own hours of operations Can choose pace of growth Can quickly choose to have new areas of business Can operate under a DBA/ assumed name other than owners personal name a. Cannot have corp or Inc. in name Disadvantages: 1 owner/can not bring in partners If owner were to die, business cannot transfer. Raising capital for further business would be a problem a
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