The business structure I used is a Sole Proprietorship, which means that I own my shop alone and I am solely responsible for the assets and liabilities of the company. This means that I am my own boss and run the company alone. I wish to have 3 employees so I am doing an organizational chart for my business as well. The company has only one location and that is located in Carrollton, Georgia. Since this is a new and small business I decided to go it alone as sole owner of the company. I have a small
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they are expected to behave and inspires them to give their best. Shared with customers, it shapes customers' understanding of why they should work with the organization. Every business should have these and with Tim’s Coffee Shoppee being a sole proprietorship its Tim’s job to come up with these. Once Tim has his mission and vision statements put together he needs to figure out long term and short term goals for his business. Goals are a great way to make sure your business is on track and it’s
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Business Organization Diane decided to open a soul food restaurant in the local community on her own to make money a sole proprietorship and using family tradition recipes. There was money being made but not as should have due to being the only one doing all the tasks which make it harder. Diane began thinking and then talked to other family members to see if there will be a partnership created to make the business easier and not all on one person. All in partnership contributed money
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your quest to making Business “X” a profitable and customer friendly decision for all parties concerned. In your acquisition to seek the Limited Liability Company(LLC) or to remain in a sole proprietorship for Business “X”. I wanted to provide you with some information that may assist in your decision. As a sole proprietor your business and self are one in the same and you would fall into the same tax bracket as any other individual during the taxation season. There is no distinction between you
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coming back b. Accessory Features- None c. Competitive Advantage- Sun Solar Tint will provide residential- at your doorstep service (Mobile Company) d. Legal Restrictions- Traveling from city to city, (Business licensing), Sole proprietorship, legal issues with window tint. e. Current Industry- Window tinting is becoming very popular for a few reasons. The first being that it provides protection from harmful UV radiation that can permanently damage skin, and eyes. Secondly
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are the following: first basic form of ownership is the Sole Proprietorship, it is owned by one person under his name he is personally liable for its debts; furthermore this type of business ownership has no separate legal entity from the owner. The advantages are; the business is easy to set up and its operation is controlled by the sole proprietor whom no conflict of interest will arise, however the disadvantage is the owner being the sole owner is personally liable for its debt. The second form
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LES MIZ SHOES Case Study I. PROBLEM The capacity of Les Miz Shoes to exist as a corporate entity II. ANALYSIS 1. Management Ownership is not open for others outside the family, thus limiting the managing power to one person. 2. Exportation Mr. Ducot’s attempt to establish market in Europe was unsuccessful. 3. Strategy Mr. Ducot wanted an expansion of the company. He will use earnings from merchandising of Les Miz shoes in Philippines. 4. Local Sales
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Mark Hancock, a self-employed attorney owns his own law practice as an unincorporated sole proprietorship. Hancock is having to pay $18,000 in interested on tax that he owes because in 2012 the IRS disallowed several business deductions that he used in 2010 and 2011. He is now having to pay the deficiency, assessed penalties, and $18,000 in interest on the tax he owed. Mark Hancock is wondering if he can deduct the interest he owes in the current year. Sec 162 states “Section 162(a) allows a deduction
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LAW 531 Final Exam - IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/LAW-531-Final-Exam-A-Exam-76543567.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 1 Under the Anti-Cybersquatting Consumer Protection Act, which of the following is true? Penalties are imposed for obtaining any domain name that infringes on a valid trademark.Domain names are granted only after ensuring that they do not infringe on a valid
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Scenario 1 While looking at the Risk Corporation’s case and who is potentially liable we found some issues that may have contributed to damages done to the stockholders. Issues included: Breaking Wisconsin Disclosure Law, Shareholders filed a Derivative Action, and because of certain actions Risk Corp. lost money due to the data breach. There are several relevant laws & principles that pertain to Risk Corporation. The Business Judgement Rule could be used as a defense for Tom Lawless in response
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