National Coal Co. v. CIR Facts: The National Coal Co.(NCC) was created by a special law and was enacted by virtue of Act 2705 in order to develop a coal industry. It was engaged in coal mining on reserved lands belonging to the government. The National Coal Co.(NCC) filed a case against the CIR for the recovery of sum of money it paid on protest as specific tax on 24‚089 tons of coals claiming exemption to tax pursuant to Sec. 14 and 15 of Act 2719. Issue: Whether or not NCC is a private corporation
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John Walter O. Boisvert TM 102 (12:20 – 2:00) FORMS OF BUSINESS ORGANIZATION 1. Sole Proprietorship - is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. ADVANTAGES: * Capital - Sole proprietor contributes
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Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
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Small-Business Idea Recently the United States government has released funds for creating small businesses. An opportunity to acquire government funding for a business venture is one to take advantage of and to put dreams into reality. The intent of this paper is to outline the three main forms of business organizations including the tax and legal implications as well as the accounting requirements for each structure. In addition‚ this paper proposes creating a small business of a women’s only gym
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INFORMATION SYSTEMS AND LAW ENFORCEMENT Technology is an essential tool to criminal justice and law enforcement agencies. The faster and more effectively it works‚ the safer our streets and communities are. The more cost effectively it can work‚ the more officers‚ investigators and agents can be used to fight crime. Not paperwork. Since the first wave of computerization in the 1970’s the implementation of information technology within policing has been questioned and often met with
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Business Essay Topic: Forms of Business Organizations It is important that the business owner seriously considers the different forms of business organization — types such as sole proprietorship‚ partnership‚ and corporation. Which organizational form is most appropriate can be influenced by tax issues‚ legal issues‚ financial concerns‚ and personal concerns. This essay explains the general impression of business organizations. A Sole Proprietorship‚ also known as the sole trader or simply
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LAW AND CONTRACTS 1.Eagle Stores‚ Inc. borrows $5‚000 each from EZ Loan Corporation‚ First National Bank‚ and Great Products Corporation. Eagle uses its "present inventory and any thereafter acquired" to secure the loans from EZ Loan and First National. EZ Loan perfects its interest on April 1‚ followed by First National on April 5. Eagle buys new inventory on April 10 from Great Products and signs a security agreement‚ giving Great Products a purchase-money security interest (PMSI) in the new
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University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to
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Corporate Business Structures Mary Cervantes FIN 571 March 23‚ 2015 Nicole Landry Corporate Business Structures When determining the optimal business structure‚ several factors must be taking into consideration‚ such as the location of the business or work performed‚ any regulatory agencies or rules that apply to the business‚ and the structure of the ownership. Once those items have ben determined‚ the overall business structure can be selected to provide the most benefit. There are
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| | |There are approximately 870‚000 sworn law enforcement officers now serving in the United States. | | | |About 11.3 percent of them are female. | |
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