the advantages and disadvantages of partnerships and corporations 2. A corporation has several advantages for a business. They have a separate legal existence so that the corporation, not the stockholders, may borrow money, buy, own, and sell property, and it may sue or be sued. The stockholders also have a limited liability in a corporation. The personal assets of the owners may only be claimed by creditors if fraud has occurred. A corporation has transferable ownership rights. This means that
Words: 779 - Pages: 4
invested $144 million in our global partnerships and programs: 48 percent in North America; 20 percent in Africa; 14 percent in Asia-Pacific; 14 percent in Eurasia, Europe and the Middle East; and 4 percent in Latin America. (Che10) These are large corporations with a great deal of assets and people to devote to increasing the quality of life in the communities they serve but it is possible on any level. Each business added to a community pays taxes to the local government. If the business has employees
Words: 592 - Pages: 3
Page 1; 1 1. The Tanksalot Company is a subsidiary of the Goaway Corporation. The Tanksalot Company is embroiled in a lawsuit where the plaintiff is claiming that Tanksalot acted in a negligent manner. The plaintiff in this case wants to go after Goaway’s assets, in addition to the assets owned by Tanksalot. Both of the companies share payroll functions, legal departments, and accounting departments; yet, they have separate (but sometimes overlapping) executives in charge, customer support departments
Words: 935 - Pages: 4
corporate culture, maintainable and easy to keep clean. By combining purchased products and “smart snacks” made items, the cost of goods for the individual items is less than purchasing all the items readymade, quality is higher, amount per container is larger, freshness is guaranteed and the cost per item is competitive. Timeline and Resources “Smart Snacks” will begin March 1, 2011. The project will have a five year life, closing out in March of 2015. It was determined that twenty companies
Words: 259 - Pages: 2
Environment of Business Basic legal environment this introduces the American legal system with particular emphasis on the relationship of laws with business. Which includes development of law, the judicial system, contract agency, Partnership Corporation, and government trade and labor regulations. All aspects of legal environment include business organization. Start with top management; they are production, and transportation, marketing, finance and accounting, and personal. Understand the law
Words: 1157 - Pages: 5
Concentrica Associates “Proven Pool of Sales Talent Working For You” Why Concentrica? Many of the companies we speak to despair at the idea of telemarketing because of bad experiences in the past. Nobody likes poorly qualified sales appointments that turn out to be a complete waste of time and we at Concentrica Associates are no different. We understand the pitfalls and our experienced team therefore only deliver highly effective lead generation, business development and outsourced sales services
Words: 262 - Pages: 2
Each has its own unique properties, as well as some areas that are similar to all. In this paper, I will give scenarios of the following legal forms of business: sole proprietorship, limited liability partnership, Limited Liability Company, S corporation, franchise and corporate form. This paper will also discuss the justification as to why this business form is preferred. Sole Proprietorship. Suzie owns a shop that does body wraps that helps individuals have slimmer waists and thighs. People
Words: 1295 - Pages: 6
business . 5/27/12 Partnerships have many benefits, but they also can be maintained very easily. You do not have to register with your state and pay fees, as you do to establish a corporation or a (LLC). And with a partnership, filing income tax returns is relatively easy. Unlike a regular corporation, there is no need to file separate tax returns for the corporate entity and its owners. Another advantage of partnerships is the flexibility they offer. In partnership agreements, the partners
Words: 923 - Pages: 4
New Idea…New Business Virginia Fincher AIU Online Abstract I have a great idea for a new kind of home appliance that, I believe, will meet the everyday needs of consumers. I have done some market research and now have to convince my husband that my idea is legitimate. I have to consider the different business types. The pros and cons of each type and make a decision on which business type would best suit my needs. Title of Paper
Words: 779 - Pages: 4
Michael Novak’s view on the History of Corporations This section of the paper discusses the history of the corporation, its origins and development as well as the various and definitions of the term stakeholder. This section also discusses the differences between various management philosophies and how each philosophy views the term stakeholders; a) the traditional American view of stakeholders as owners, b) the social democratic view where stakeholders have claim or stake in the firm. The American
Words: 2090 - Pages: 9
