of business structure to start. It is business that does not have a difference from the owner and the business. Responsible for all your business’s debts, losses and liabilities can even come after personal property. • LIABILITY: Owner has unlimited liabilities because there is no difference between the owner and the business. • INCOME TAXES: The taxes are taxed just like any other form of income. • LONGEVITY/CONTINUITY: There is no partnership and when owner dies the business die
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Horner v. Bourland 724 F. 2d 1142 Case Brief Instructions Please note that, unlike the case you have been assigned, the cases in the text have been stripped down to a fundamental legal issue related to the chapter of study and do not contain much of the procedural aspects you may find in your case. DECIDE ON A FORMAT AND STICK TO IT: Structure is essential to a good brief. It enables you to arrange systematically the related parts that are scattered throughout most cases, thus making manageable
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Role of Internal Auditors in the Anti-Corruption Battle John FlahertyThe Challengeh Bribery, and other illicit payments are contrary to the public good. They thwart the competitive process and circumvent laws, regulations, and procedures put in place for the public good. They divert funds from owners, shareholders, and are usually paid as fees, commissions, or are paid without record. The cost to the public totals millions of dollars annually. The US Government is aware of almost 100 cases in
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Proprietorship: This form of business is the most common form of new business startup. Legal and tax issues are basic and can be followed without significant assistance from external sources. The business and owner are one in the same and all liabilities will fall upon them personally. The primary key to being a sole proprietor is the owner maintains independence in the decision making of the business and how he or she implements their business plan. LIABILITY: Individual and the business are treated in the
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XYZ Construction Inc. to would like to use Milligans’s consultant firm to create a marketing plan; they must first would need to know the steps to developing a successful plan. According to Buttell A.E. (2009), there are four steps to an effective marketing plan. Step 1 – Build an executive summary targeting the company’s specialty/product and the company’s strengths. For example, XYZ Construction Inc. is a successful construction company that is currently privately owned and was created in the
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car and could not afford to pay for it all at one time. I started off the contract saying, “I agree to sell you my car” this showed her that I was offering her something that was going to be enforceable. Prior to starting work at the Fabulous Hotel an offer was made to me by the hotel. The offer stated the pay, hours and location. The offer is where you do your negotiating for what you want to get out of the contract. “The phrase enforceable by a court is significant because it means that a
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Parliament is one of the EU’s main law-making institutions, along with the Council of the European Union ('the Council'). The European parliament is the directly elected parliament institution of the EU. The European parliament has joint power with the council. The European parliament has three main roles; debating and passing European laws with the council this means parliament works with the council to make decisions to decide on the content of the EU laws this is also known as ordinary legislative
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* Revenue-Expenses=profit 5. What is outsourcing? Give 3 advantages. * paying suppliers & distributors to perform certain business processes . 6. Why is socio-cultural environment important for business firm? * The socio-cultural environment influences the customer preferences for goods and services, as well as the standards of business conduct that are seen as acceptable. 7. What is unemployment? * The level of joblessness among people actively seeking work in an
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Petersen DATE: October 14, 2015 SUBJECT: Contract Breach The intent of this mediation memo is to explain the breach of contract by the Muscadine grape producer, with whom l had entered into an agreement with to supply Muscadine grapes for my business. The agreement was supposed to account for a fixed price schedule, and I will delve into the facts of the case to clarify the breach of contract. I will explain the legal issues of the contract breach, request possible restitution, and appeal to
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multimillion-dollar wealth -- and enjoy the journey on your way to the top. First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire. While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires
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