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
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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
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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
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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
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concept and scope of entrepreneurship; the nature and forms of business ownership in entreneurship; entreneurship in Nigeria: an overview; mega-entrepreneurs: a prosopographical historical study of nigerian entrepreneurship, 1850-2000; transnational corporations and
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THE ROLE OF IT IN TOTAL QUALITY MANAGEMENT UDREA ROXANA MARIA GROUP:136 AFFILIATION: ACADEMY OF ECONOMIC STUDY OF BUCHAREST, ROMANIA Change for the better Abstract The aim of this study is to demonstrate, using a theoretical model, how a company should address the concept of Total Quality Management in order to reach business excellence and customer satisfaction. Nowadays, economists confront with a large amount of factors that make the existence of a company in the market much more
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to certain uses, and in this paper each form is matched with suitable business ventures. The different forms of business being examined are partnership, limited liability company, sole proprietorship, limited liability partnership, franchise, s corporation, and corporate form. Legal Forms of Business Paper Sole proprietorship is often preferred by individuals who are seeking to maintain managerial control. Ventures such as a small coffee shop, small restaurant, or a small store are good candidates
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businesses, and corporations) and to the extent of the contain that involves this kind of behavior. Ethics is a strong topic that can be discussed in some great length without reaching any kind of consensus stateside or abroad. However I will give some insight on the issues of corporate ethic’s and federal behavior. The responsibilities and objectives of the businesses will be observed, as well as the ethical obligations of the federal sector. One of the major issues that corporations have in the
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Liability of the members in relation to the obligations of the business organisation Sole proprietorship The sole proprietor and the owner is regarded as the same entity. Therefore, the owner has unlimited liability in relation to the obligations of the business organisation. This would be a disadvantage as the owner’s personal assets are at risk as the owner is personally responsible for all debts and obligations of the business as regarded by law. Partnership Same as above. Limited
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Good Evening ladies and gentlemen, thank you for joining us. In March, 2010, I initiated the concept of “Englishnization” in Rakuten which required exclusive use of English as an in-house language in the next two years. I intend to make Rakuten not only the number 1 company in japan but the number 1 Internet service company in the world. Japan’s GDP in 2050 would shrink from 12% in 2006 to 3%, keeping this in mind we needed to expand globally and the only way to sustain that level of growth
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