Sole Proprietorship

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    Plan

    fourth part shall provide the reader with the basic procedures of forming and operating of a partnership. This last part aims to give the reader a clearer look on the inner workings of a partnership, and to emphasize its differences from a sole proprietorship. The fifth part shall discuss the moments when a partnership may decide to liquidate, as well as the reasons why, and the manners how said partnership will undergo liquidation. This would then bring the topic in full

    Words: 261 - Pages: 2

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    Living Paycheck to Paycheck

    Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told

    Words: 615 - Pages: 3

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    Acme Fireworks

    Acme Fireworks Joyce Mathews BUS 111: Business Law Prof: Maria Fiorentino January 19, 2015 Acme Fireworks Acme Fireworks is a company that sells fireworks but our main attractions are ground firework displays and large aerial displays. We have come a long way from working in the owner’s garage to a full facility with 15 employees. My job is to manage the facility and to make sure the owner’s expectations are met. Recently the owner has advised me that he received inquiries from other

    Words: 2355 - Pages: 10

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    Acc 220

    and help us to possibly expand the hobby even further, and develop a basis for us to start a sole proprietorship. HazeRed Designs, A Business Plan Hello investors, and thank you for taking interest in HazeRed Designs. HazeRed Designs was started in 2010 as a hobby .but is on its way to becoming something bigger and better. We have chosen to make our company a sole proprietorship. Why sole proprietorship, you may ask, because tax liability will be low, we can switch to a partnership or corporation

    Words: 1332 - Pages: 6

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    Health Finance

    SOLUTIONS Multiple Choice Questions: 1. Which of the following statements about finance, accounting, and financial management is most correct? a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help managers make better decisions. c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. The primary role of finance is to plan for, acquire

    Words: 2659 - Pages: 11

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    Starting a Record Label

    Gayle Della ITT-Tech St. Rose, La The type of business that I would like to start up would be a record label. This record label would also work as an entertainment production company. This type of ownership of my business would be a sole proprietorship. My business would provide the services of professional recording studio time. Also, my business would provide goods of compact dics copies of recorded music. My business would also provide services to copywright the product. My business

    Words: 291 - Pages: 2

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    Explaining Basic Accounting Concepts and Business Structures

    Explaining Basic Accounting Concepts and Business Structures University of Phoenix 11/20/2010 Accounting 537 Explaining Basic Accounting Concepts and Business Structures There are many important aspects of accounting. The generally accepted accounting principles are accounting rules set out for companies to follow to ensure all companies are on the same page business wise. Qualities of accounting are important in the decision making process of accounting. Accrual

    Words: 709 - Pages: 3

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    Management Notes

    Special courts – court for patents and stuff Patents can get invalidated Tax breaks Four pillars: right to (choice, competition, run a business and keep much of the profits, work for whomever) When you start a business, it’s usually a sole proprietorship Venture capitalists - look to invest in entrepreneurial business to gain future money (this is with risk, and future money has less value) Technical skills, conceptual skills, person-managing skills – all three levels of management require

    Words: 271 - Pages: 2

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    Why I Choose 99 Speedmart

    variety of goods. Since 99speedmart are not a manufacturer, every item that they sell in the stores and all goods and services we use in day-to-day business operations must be supplied by vendors. * The business ownership structure for 99speedmart is sole proprietor business. * The 99 speedmart have been almost 6 years operation at Dataran Selayang * The current economic situation affected the business because the falling value of the ringgit, and a slowdown in the rate of economic growth. It

    Words: 1045 - Pages: 5

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    Financial Analysis

    establishing your business and why you feel this is the right structure for your business. Discuss the pros and cons of different business structures. For example, a sole proprietorship leaves the sole proprietor open to both financial and legal liability risks. A high-risk business should never be set up as a sole proprietorship because it will make it difficult to attract investors as well as clients and customers. It is also the hardest and most expensive form of business to insure. If you

    Words: 1162 - Pages: 5

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