accounting stystem
Kedest Tamiru
October 27, 2013
1.The site you go to in order to form a business in Maryland is www.dat.state.md.us.
2. Maryland Personal Property Return Form 1 is required even if the business own no property in the state or has not conducted any business activity during the year. A business that fails to file this return will receive an estimated assessment which will be twice the estimated value of the personal property owned. In addition, failure to file will result in forfeiture of the charter of a domestic corporation or forfeiture of the right to do business in the state of a foreign corporation, LLC, LLP, LP, business trust or REIT.
Forfeited Business:
Entity Name: C & U, INC.
Dept ID #: D07787708 Principal Office (Current):
15209 FREDERICK ROAD
ROCKVILLE, MD 20850 Resident Agent (Current):
JOAN CHEN
2891 GRENORA LANE
ROCKVILLE, MD 20850 Status: FORFEITED
Good Standing: No
Business Code: Ordinary Business - Stock
Date of Formation or Registration: 02/06/2004
State of Formation: MD
Stock/Nonstock: Stock
Close/Not Close: Close THE ENTITY WAS FORFEITED FOR FAILURE TO FILE PROPERTY RETURN FOR 2005.
3. Advantages and Disadvantages
A. Business Trade Name
Advantages - a franchise provides a established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish.
A franchise increases your chances of business success because you are associating with proven products and methods.
Disadvantages - The franchisee is not completely independent. Franchisees are required to operate their businesses according to the procedures and restrictions set forth by the franchisor in the franchisee agreement.
In addition to the initial franchise fee, franchisees must pay ongoing royalties and advertising fees.
B. LLC
Advantages - Limited Liability. Members are protected
October 27, 2013
1.The site you go to in order to form a business in Maryland is www.dat.state.md.us.
2. Maryland Personal Property Return Form 1 is required even if the business own no property in the state or has not conducted any business activity during the year. A business that fails to file this return will receive an estimated assessment which will be twice the estimated value of the personal property owned. In addition, failure to file will result in forfeiture of the charter of a domestic corporation or forfeiture of the right to do business in the state of a foreign corporation, LLC, LLP, LP, business trust or REIT.
Forfeited Business:
Entity Name: C & U, INC.
Dept ID #: D07787708 Principal Office (Current):
15209 FREDERICK ROAD
ROCKVILLE, MD 20850 Resident Agent (Current):
JOAN CHEN
2891 GRENORA LANE
ROCKVILLE, MD 20850 Status: FORFEITED
Good Standing: No
Business Code: Ordinary Business - Stock
Date of Formation or Registration: 02/06/2004
State of Formation: MD
Stock/Nonstock: Stock
Close/Not Close: Close THE ENTITY WAS FORFEITED FOR FAILURE TO FILE PROPERTY RETURN FOR 2005.
3. Advantages and Disadvantages
A. Business Trade Name
Advantages - a franchise provides a established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish.
A franchise increases your chances of business success because you are associating with proven products and methods.
Disadvantages - The franchisee is not completely independent. Franchisees are required to operate their businesses according to the procedures and restrictions set forth by the franchisor in the franchisee agreement.
In addition to the initial franchise fee, franchisees must pay ongoing royalties and advertising fees.
B. LLC
Advantages - Limited Liability. Members are protected