The four main forms of business organizations namely sole proprietorship, partnership, C corporation, and S corporation have various advantages and disadvantages in terms of tax implications, legal status, financial obligations, and even set up time and compliance issues. A sole proprietorship is an individual based business. The advantages of sole proprietorship are various including the easiness to start and dissolve the company, the ability to have personal and complete control over the company
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Grade Received - "A" What are the three forms of a business organization? What are the advantages and disadvantages of each form? For a corporation, what is the overall goal of the financial manager? Do you agree with this goal? Why or why not? In this discussion I will attempt to discuss what the three forms of business organizations are and discuss what the advantages and disadvantages are for each form. I will then explain what the overall goal of a financial manager is when it comes
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Starting a business can be an exciting, yet overwhelming experience. Before you can launch your business venture, deciding the form of business organization will be one of the first things necessary. Some of these business organizations include; sole proprietors, corporations, and partnerships. With choosing which organization to go with one must consider consequences in lieu of legal issues, taxes, financial statements, and accounting practices. A new business venture will be summarized along with
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Herman did offer a threat of being unemployed if Tony decided to take the leave. Even if a biological parent didn’t have anything to do with the biological child, the child may take advantage of the Family and Medical Leave Act. The point is that the law does not make a distinction. The parent according to the Family and Medical Leave Act
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individuals engaged in a business without the benefit of associates or a corporate charter. Sole proprietorships have many strengths and weaknesses. One of the strengths for the widespread use of the sole proprietorship generally relate to the central theme of the business form’s simplicity: the sole proprietorship has no formal legal requirements for establishment. To establish a sole proprietorship, all an individual is required to do is to start conducting a business for profit. There are no annual
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Balewa Sample Roreita Walker Law and Ethics in the Business Environment July 23 2011 Explain if it matters that a parent literally had nothing
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Business Entities, Laws, and Regulations Many factors must be taken into consideration when starting a business. Location, supplies, and financing are not the only required business planning to complete. Laws, regulations, taxation, and plausible liability situations must be well thought out in a business plan in order for the business to succeed. Entrepreneurs and business owners can spend years deciding the type of business or corporation, which suits their goals best. The following
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Family Related Issues: Family and Medical Leave Act Carolyn Dodge Professor Eric Baime, JD MBA Law, Ethics, and Corporate Governance LEG500009016*201102 January 29, 2011 Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. The Family and Medical Leave Act of 1993 (hereinafter
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employee was a child. So with that stated, this person can be totally unrelated and still qualify for the Family and Medical Leave Act. As long as it’s one of the two above, then the qualifications have been meet. Explain whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA. The size of the company does matter. The company must employ at least 50 people within the 75 mile radius of the employer to be covered by these regulations. On
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makes no difference if the parent had anything to do with the child requesting the leave; all that matters is that the child (employee) is entitled to the leave according to the Family and Medical Leave Act’s guidelines. Other sections of the law guarantees that an employee who returns from a leave of absence can come back to his or her position or one with equal benefits, pay, and employment conditions, and not stand the chance of being terminated as a result of the leave. It also ensured
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