demand-driven, greater possibilities to make government officials accountable for their actions due to the proximity between the decision maker and his constituents, and, more opportunities for empowering communities through consultation and collaborative planning and implementation. This study puts some realism into proposals to organize the Philippine government into a federal government with several states. Realism entails estimating the resources required to enable a state to carry out basic
Words: 2821 - Pages: 12
Proprietorship offers unlimited liability which states that you as the owner are solely responsible for all debts from your personal assets. You can lose not only the money initially invested in the business but also personal assets. * Income Taxes – Due to you being the sole owner there is no separate business income tax filing for a business under Sole Proprietorship. Business income or loss is reported on the sole proprietor’s personal tax return, and any tax is paid at the individual level
Words: 1901 - Pages: 8
reason that I am recommending the S-Corporation is because you can pay taxes on your personal income taxes, and your business will not be taxed. Just to explain the S-Corporation will pass through and will not have to pay federal income taxes at the corporate level. With any business income losses are passed on to the shareholder to report onto their personal income tax. S-Corporation would prevent double taxation and have taxes only paid once that would only be through your personal income tax return
Words: 766 - Pages: 4
known as DBA, there is no legal separation of assets * Income Taxes – The owner pays taxes on the profits made with their personal income taxes by filing a Schedule C (Profit or Loss from Business) which is included with the owner’s tax form 1040. * Longevity/Continuity - Because a sole proprietor has one owner, they can end the business at any time. * Control –Because only one owner exists the owner can make decisions rather quickly and is in charge of
Words: 2312 - Pages: 10
future generations could run out. There has been much talk in the last few months regarding oil companies and if they are being ethical when making decisions. The last big black eye for the companies, BP in particular, is the disastrous environmental oil spill in the gulf. Since the beginning of the spill, the rumors have been swarming regarding the decisions that have been made prior to oil spill. Did they overlook safety procedures? Did they ignore the warnings suggesting that disaster was looming?
Words: 2970 - Pages: 12
would be incorporated in to running this country. The federalist, in many peoples opinion was more for the people. Federalist wanted to do business with England. The federalist wanted a strong central government. They wanted a central bank and a federal army. Federalist also was strongly against slavery and wanted to terminate it. “It is evident that each department should have a will of its own; and consequently should be so constituted that the members of each should have as little agency as possible
Words: 689 - Pages: 3
Therefore, by the end of this proposal you will be more knowledgeable about the basic functions, benefits, and drawbacks of each information system. With the basic knowledge of Information Systems, you will be able to assist me in making the right decisions on which system we shall use for the business. Information Systems Basic Functions |Type of System |Function |Example
Words: 534 - Pages: 3
Capital budgeting Making decisions having significant future benefits or costs for various entities and their stakeholders. Capital budgeting is the backbone of financial economics. Related topics in financial economics include: the time value of money, the meaning of net-present value, accounting concepts consistent with present-value calculations, discount rates, and option valuation techniques. In the public sector, the term is often exclusively associated with infrastructure investments
Words: 5545 - Pages: 23
changes. Another advantage in this type is the ease of promptness in decision-making, autonomy. When the decision is to be taken by one person, it is guaranteed to be quick. Thus, the entrepreneur, as a sole proprietor, can arrive at quick decisions concerning the business because he does not have to ask anybody else. There is only one person that makes decisions, therefore, there is no other to criticize, or challenge a decision made. A third advantage is the simplicity of the business. Because
Words: 1754 - Pages: 8
of Treasury, Office of Management and Budget, and Office of the President of the United States. Department of Treasury is to manage, create, and control the fiscal policy; this is the most important aspect of fiscal policy. Office of Management and Budget is to develop the steps and watch over and check the fiscal policy. Office of the President of the United States is the final decision maker for the fiscal policy and meets approval. “Fiscal policy, changes in federal taxes and purchases that are
Words: 369 - Pages: 2
