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
Words: 319 - Pages: 2
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
Words: 821 - Pages: 4
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
Words: 582 - Pages: 3
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
Words: 714 - Pages: 3
2-01-06 There are many different types of business organization’s that should be taken into consideration when going into or continuing a business venture. The organizations described below have many different quality’s that one must think about. Following will be the characteristics of each for a more thorough understanding. The details of each should be closely followed as each has its own unique pro and con that could be vital to a business. Sole Proprietorship Sole proprietorships
Words: 1121 - Pages: 5
the information they need to inform and motivate others. There are three main forms of business organization are: sole proprietorships, partnerships, and corporations. They may start as a sole proprietorship or partnership and evolve into corporations as they grow. The proprietorship has three important advantages: it’s easily and inexpensively formed, it’s subject to few government regulations, and the business pays no corporate income taxes. The proprietorship also has three important limitations:
Words: 862 - Pages: 4
Business Structure Advice Michael Haney University of Phoenix Foundations of Finance FIN/571 Alexandro Plascencia May 22, 2015 Dear Consultant, I am currently starting a business and developing my business plan. I'm in need of some advice on how to start forming my business. I am not sure exactly how financing occurs and whether or not I want to take on partners. I am interested and willing to learn the intricacies of my options to determine how to proceed best with my plan. Please provide
Words: 672 - Pages: 3
needed to take her maternity leave, she informed Bainbridge Borough a day before her paid leave expired that she need to take an additional six months of paternity. According to the Department of Labor she need to provide the request at least five business days before. As an attorney for AFSCME Local 10. I would say Mrs. Carol Fern maternity leave request rejection violated the collective bargaining agreement because according to the contract Article X. Section 4.A-Unpaid leaves “Maternity leaves
Words: 513 - Pages: 3
Sharp Corporation - Beyond Japan: Case Study In: Business and Management Sharp Corporation - Beyond Japan: Case Study Executive Summary: Faced with major losses from operations, Sharp Corporation’s president, Mikio Katayama, questioned the whether it was necessary to reform the current business operating model. Sharp’s current operating model contained several flaws. It placed sensitive, high-value-added operations such as research, development, and component manufacturing near its headquarters
Words: 305 - Pages: 2
Deciding which way to start up a business is often a very difficult decision. The pros and cons of each choice must be considered before a decision can be made. First, Betty must decide whether to operate her new business as part of a franchise or not. She has already had offers from franchises that offered to provide her and her staff with any training needed. Other potential benefits from operating as a franchise include a proven recipe for success and access to financing if needed (Wilmington
Words: 1040 - Pages: 5
