Small Business Idea This particular assignment instructed the student to develop his or her small business idea. The student is to imagine that the government has released funds for creating small businesses. In turn the student desires to start a small business and must decide which of the four forms of business organization would best suit the unique product or service. The information to follow will discuss the advantages and disadvantages of the four different forms of business organization
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which of the business forms under consideration best accomplishes her business goals. Thoroughly explain the reasons for your recommendation. Mrs. Shania Jackson is a mature Christian thinking of opening a Christian coffeehouse near Denver, Colorado. Her husband, Marvin, is open to making a contribution of capital to the business, but has no interest in participating in its operation or management. Therefore, I believe a limited partnership would best accomplish Mrs. Jackson’s business goals. A
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PRODUCT DESCRIPTION FIN 571 Week 2 Business Structure Advice Mr. J. Q. Customer, it is a pleasure doing business with you. I have researched your concerns and found several options that are viable for you and the startup of your company. I hope you will find the following information helpful in making your decision regarding the structure of your business. We will be next to you all the time from creating a plan to advise your company how to form a business, the crucial financial choices, and finalize
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Allison Bynum Strayer University LEG205 Corporate and Partnership Law Prof. John Taulane February 1, 2016 When deciding to form a limited partnership (LP), one must understand the pros and cons of a limited partnership. It is much like a general partnership, but with a few considerable differences. A limited partnership is one or more partners are general partners, and one or more are limited partners united to conduct a business jointly, and in which one or more of the partners is liable only
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Business Entities, laws and Regulations Tina Lea University of Phoenix BUS/415 Rachel De Angelo November 2, 2011 Restaurant/Bar Scenario: In this scenario the best business entity to use is the partnership firm due to the
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in an occupation or business distinct from that of the employer. If the work is done by a specialist without supervision, you have an independent contractor status. If the worker is employed for a short period of time, you have an independent contractor status. If the payment is made at the completion of the job, you have an independent contractor status. An independent contractor may require more skill than an employee. * Worker is engaged in an occupation or business distinct form that of
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responsibilities for running the business. Sole proprietors own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, you are one in the same with the business. Advantages of a Sole Proprietorship: * Easiest and least expensive form of ownership to organize. * Sole proprietors are in complete control, and within the parameters of the law, may make decisions as they
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Business Structures July 4, 2011 George Bray Business Structures Starting a new business can be an exciting yet challenging time. One of the important decisions new business owners have to make is, which business structure to use. The three business structures new owners typically chose from are sole proprietorship, partnership, and corporation. This paper will not cover a fourth type of business structure the limited liability company (LLC). Choosing the structure that fits best will
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automobile loans | | | | U.S. stocks | | | | short-term debt securities | | | | long-term bonds | | | | Points Received: | 6 of 6 | | Comments: | | | | 2. | Question : | Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? | | | Student Answer: | | A. Corporations generally face fewer regulations. | | | | B. Corporations generally face lower taxes. | |
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Proprietorship BUS 311: Business Law 7 Jul 2014 Sole Proprietorship Upon the decision to start a new business, one must ask the question of what type of business entity they intend to initiate. According to Rodgers, Author of the book Essentials of Business Law, “One of the most fundamental decisions all businesspersons face in starting a business is how that business will be organized,” (2012). There are several deferent business entities to choose from. The business owner would have to weigh
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