Brad Sears Christy Mallory OCTOBER 2011 Economic Motives for Adopting LGBT-Related Workplace Policies Introduction This study evaluates the economic impact of corporate non-discrimination and benefits policies by analyzing the extent to which economic reasons motivate corporations to adopt such policies. The past decade has seen a large increase in the number of corporations adopting LGBT-related workplace policies. In 1999, 72% of Fortune 500 companies included sexual orientation in their
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2) Four categories of business enterprises are as follows: • Partnership A partnership is an agreement between two or more people to finance and operate a business for profit. Partnerships are relatively easy to establish; however time should be invested in developing the partnership agreement. A partnership agreement is a legal agreement between partners in a partnership which sets out the terms and conditions of the relationship between the partners, including: Percentages of ownership
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marketing. One form of ownership commonly used in the United States is a partnership. This is where two or more people enter an agreement and become co-owners of a firm. There are limited partnerships, limited liability partnerships (LLP), and the most basic type, which is a general partnership. There are four key advantages of forming a general partnership. (1) The ability to pool financial resources likely gives a partnership a stronger financial foundation than a proprietorship because more people
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There are three types of business Sole Proprietorship, Corporation, and Partnership. They all have their advantages and disadvantages with each one. Sole Proprietorship is a small business which is ran and operated by the owner. They are eye-catching to small investors because they are relatively easy to start up. The owner receives all the profit that is made from the business. Some advantages of starting a small business is that it’s very easy to start up. They don’t have to go through the things
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Chapter 14 Partnerships: Formation and operation Chapter Outline I. Business organizations that are formed legally as partnerships, although they are not always as visible as corporations, still proliferate throughout this country especially in the legal, medical, and accounting professions. A. Advantages of the partnership format include ease of creation and the absence of the double taxation effect inherent to the income earned by a corporation and distributed to its owners.
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the flexibility of management decisions, government restrictions, personal liability, tax considerations, and the like” (Cheeseman, 2010, p. 529). The major forms of business organizations are, sole proprietorship, partnership, limited liability company, limited liability partnership, corporation, S corporation, and franchise. This paper will define these forms and provide individual scenarios of each and why they were chosen. Sole Proprietorship “A sole proprietorship is the simplest form of
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a corporation. * Control – Control of a business that is under sole proprietorship falls under the sole owner. Under a Sole Proprietorship you are not permitted to bring in any business partners, if you do then this would become a General Partnership Business. * Profit Retention – All profits gained under Sole Proprietorship belong to you the owner. However, you are also responsible for any bills incurred prior to any profit being taken. * Location - Expanding or moving a business that
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this can be an individual’s lawn care service business, freelancer IT programmers, a coffee shop, vehicle towing services, or even a small technical services company that provides specialized support to heating and cooling equipment. Partnership General partnership is another simple form
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1-finance is essentially any transaction in which money or money like instrument is exchanged for another money or money like instrument. So we can say the concept of finance is very old it, has taken place probably since the roman or the Chinese dynasty era. Finance is used in the market. A market is a place that allows forces of demand and supply to operate. Where sellers and buyers trade services goods, contracts, for money or barter, this is the place where finance also takes place. You can’t
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Owner, thank you for contacting me about wanting to start up your business. Here is what you will first need to know. Step one is identifying which business structure you plan on setting up. The choices are sole proprietorship, partnership, LLP (limited liability partnership) and corporation. Since you asked to be informed of each before making a decision, I will give you a small break down and its tax advantages and disadvantages. Sole proprietorship is a company owned by you or the person planning
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