THE LIMITED LIABILITY COMPANY A popular form of business‚ especially with small businesses‚ is the hybrid form of business‚ the limited liability company (LLC) or a limited liability partnership (LLP)‚ which combine the best features of a partnership and a corporation. In 1988‚ the Internal Revenue Service (IRS) ruled that the LLC may be treated as a partnership for tax purposes‚ while retaining its limited liability for its owners. Since this ruling‚ every state has passed legislation permitting
Premium Corporation Types of business entity Limited liability company
Levin Furniture is a family-owned furniture retailer chain with 35 locations in Ohio and Pennsylvania. The current president‚ Robert Levin‚ has upheld the Levin family tradition of acknowledging the importance of excellent service‚ quality products‚ and reasonable pricing for their customers. In addition‚ the company is known for its commitment to assisting the local communities by actively participating in community events and fundraisers‚ as well as donating to charitable causes. One charitable
Premium Sales Employment Intern
Disadvantages of a Limited Company Cost – Some people will have you believe that a Limited Company is expensive to set-up. Not so! Our Company Formation packages start from as little as FREE! And include many related services and products that would cost you highly elsewhere. Complex Accounts – There are more complex and restrictive rules governing the accounts and bookkeeping of Limited Companies than sole traders (for example). The Company is expected to produce years accounts incorporating
Premium Corporation Legal entities Limited company
? Limited liability company The idea began to resonate in my mind about a year ago that I should have a career that I would love and really enjoy going to work for. Soon after I came to that conclusion it dawned on me that that job for me would be to own my own coffee shop. Choosing what the business does is only a drop in the bucket when it comes the steps of creating that business. First I need to decide whether I should go into this business venture with someone else‚ otherwise known as
Premium Types of companies Legal entities Corporation
�PAGE � �PAGE �5� Current and Non-Current Assets Current and Non-Current Assets Laura Gabbard University of Phoenix ACC 400 Accounting for Decision Making Peter Ioveno April 13‚ 2008 Current and Non-Current Assets Current assets are items on a balance sheet. According to Investorwords‚ current assets equal "…the sum of cash and cash equivalents‚ accounts receivable‚ inventory‚ marketable securities‚ prepaid expenses‚ and other assets that could be converted to cash in less than one year
Premium Balance sheet Asset Generally Accepted Accounting Principles
Current Affairs Inflation is the increase of rates of goods and services. This can affect the cupcake business in a negative way as the customers may not buy a lot of products as the prices for other stuff have increased as well. This will conclude in our business not making enough profit as we may need‚ which means that we will not be able to pay taxes and wages to the employees. This may also end up with our business not earning enough to pay suppliers. In order to prevent inflation affecting
Free Economics Unemployment Inflation
For All Government Jobs alert visit www.gurujobalert.com Last Six months Current affairs 2012-13 for IBPS Specialist Officer’s and SBI PO Exam For all Competitive Exams Current Affairs Section Current Affairs Study Material for Month of August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 Content: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. International India and World National States Conferences Awards and Honours
Premium Pakistan New Delhi Government of India
More than 90 percent of American adults own a mobile phone‚ and more than half of the devices are smartphones. But “smartphone” is a misnomer. They are personal computers that happen to include a phone function‚ and like any computer they can store or wirelessly retrieve enormous amounts of personal information: emails‚ photos and videos; document files; financial and medical records; and virtually everywhere a person has been. On Tuesday‚ the Supreme Court will consider whether law enforcement
Premium Fourth Amendment to the United States Constitution Mobile phone
Current Event Summary: Senate Democrats drop reforms from an aid package set for Ukraine on Tuesday. The funds would have increased the Ukraine loan package while ratifying changes that only the United States has opposed. President Obama proposed those changes to European allies whom have agreed‚ but won’t be providing as much money as he proposed to the cause. “The governance changes would raise the borrowing limit of countries like Ukraine at the multilateral lending institution‚ while giving
Premium United States Barack Obama United States Senate
References 1.) Lehman‚ John. Operational Organic Chemistry‚ 3rd Edition. Experiment 4 (pp. 38-45; 680-687; 644-650)‚ Prentice-Hall‚ 1999. 2.) Laboratory Reference Manual: Experiment 3. Retrieved from: http://academic.reed.edu/chemistry/alan/201_202/lab_manual/expt_salicylic_acid/background.html 3.) Lab 5: Synthesis of Salicylic Acid. Retrieved from: http://academic.evergreen.edu/curricular/whatscookin/Lab%20five%20%20methyl%20saliclate.htm 4.) Handout: Synthesis of Salicylic Acid. Retrieved
Premium Chemistry Oxygen Organic chemistry