individuals starting new businesses. It is generally defined as a business completely and directly owned and operated by one person. To create a sole proprietorship, you need only obtain whatever licenses, if any, are necessary to begin operations; few legal formalities are required to start, and it is usually less expensive to establish than a partnership or corporation. The sole proprietor, as sole owner of all assets, is entitled to all profits, but must also shoulder all of the venture's liabilities
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balance as compared to Savings Account is required to be maintained in Current account. As per RBI directive banks are not allowed to pay any interest on the balances maintained in Current accounts. However, in case of death of the account holder his legal heirs are paid interest at the rates applicable to Savings bank deposit from the date of death till the date of settlement. Because of the large number of transactions in the account and volatile nature of balances maintained, banks usually levy certain
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Legal Forms of Business Introduction The different forms of business include sole proprietorship, partnership, limited liability company, S corporation, franchise and corporate form. However, depending on the type of business and the number of individuals involved in starting the business can determine what the best form of business to suit the organization. The advantages and the disadvantages must be weighed and thought out carefully in order to minimize risks and possible
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business aims by maximizing its profits. A business is established with a single person or by many people. The legal forms of business are: Sole Proprietorship, Partnership, Limited Liability Partnership, Limited Liability Company, S corporation, franchise, and corporate form are the legal forms of business. The common impacts these forms of businesses have are: liability, tax, legal, and managerial. Sole Proprietorships Sole Proprietorships are the simplest form of business because they have
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After the arrest and process the next step is to appear for arraignment. Again the criminal will be advised of your rights and told about the charges against you. The defendant may have an attorney present or if the defendant cannot afford attorney one will be appointed to the defendant. You may waive your right to a formal arraignment; charges against you will not be read in court and posted to public record. The judge presiding at the arraignment will set bail in accordance to the law. The accused
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g head: PROBLEM SOLUTION: COASTAL COUNTY CLERK OF COURT. Problem Solution: Coastal County Clerk of Court University of Phoenix Problem Solution: Coastal County Clerk of Court Coastal County’s outgoing Court Clerk is being replaced by the newly elected Stan Accord. Stan Accord has his own ideas about restructuring and reforming the County’s Court Clerk’s Office. These changes ensure that conflicts and resistance to change will emerge internally. This based on the fact
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CONTENTS Introdcution ...................................................................................................................................................................2 Definition of a Company ............................................................................................................................................2 Features of a Corporation ........................................................................................................................
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never come. Life has a way of throwing things at us, and it’s up to us to be prepared. If the time should happen to come, it helps to know a little about the prosecutor and the defense attorney. A defense attorney is the person who will provide legal representation if you are ever arrested and charged with an offense. Another reason to have a defense attorney would be if your name is ever mentioned or brought up in a lawsuit. The primary role of a good defense attorney is to represent their client
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American InterContinental University FINA-310-1301A-02: Professor Michael James February 12, 2013 The three forms of business organizations are sole proprietorship, partnership, and a corporation. A sole proprietorship is a business that is owned by only one person. This is the easiest and less complicated type of business due to the fact that not a lot of paperwork is required. The biggest advantage of this type of business is that the individual who owns the business makes all of
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