Sole Proprietorship • Liability is unlimited. The owner or sole proprietor is legally responsible for all debts‚ law suit settlements and contract fulfillments. Though insurance policies can be purchased to protect against unforeseen events‚ a judgment decree or balance exceeding the purchased plan amount could come directly out of the personal assets of the owner including but not limited to personal home‚ bank accounts‚ college funds or other tangible assets. • Income Taxes for sole proprietorship
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QUESTION: Can these creditors collect from Nancy? Explain. Sole Proprietorships: The sole proprietorship is formed very easily and inexpensively which makes it the most commonly used form of business enterprise. The distinctive characteristic of a sole proprietorship is that it is owned and managed by only one person. The sole proprietor has the ultimate responsibility and authority for all decisions affecting the business. In addition‚ sole proprietors are personally liable for all debts incurred
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Sole proprietor Advantage (1) Easy to establish: Sole trading concern can be established very quickly and easily. Anybody who wants to start a business can do so‚ whenever‚ he likes. In Nepal‚ only nominal legal formality of registration is necessary. (2) Easy to dissolve: Dissolution of sole trading concern equally simple. There are no legal formalities in this regard. Proprietor can dissolve business whenever he likes to do so. (3) Effective control: In this form of business organization‚ proprietor
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Executive Summary This case analysis will focus on the issues surround the lifestyle product company Holey Soles. Psychologist Ann Rosenberg founded the company in September 2002. She initially operated in her garage and backyard‚ until she recruited Joyce Groote (now current CEO of Holey Soles) and expanded the company into other parts of North America. Holey Soles focuses on creating innovative footwear made from their trademarked technology SmartCel and SoleTek‚ which is an injection-molded
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Sole Proprietorship‚ Partnership‚ or A Corporation: Choosing The Best Option Christie Bekaert AIU Online Abstract A business has many advantages and disadvantages. To choose the right one‚ all of these aspects must be explored beforehand. These aspects must be explored for the business to be successful also. Taking your time to do this will ensure that you are not only making the best decision possible‚ but that you are making an informed one. Compare and contrast all the aspects of each type
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Models 12 Jick`s “The Ten Commandments” 12 Orlikowski & Hofman 14 McKinsey’s 7-S Framework 16 Nadler & Tushman “Framebending” 19 TTA/TTI 20 Tactics to Emulate 20 Things to Avoid 21 Implementation Plan 22 Overview Holey Soles Holdings Ltd‚ a Vancouver-based injection-molded footwear company‚ was soaring to new heights in 2007 when they realized that it might be time for some strategic focus. Over the last two years the company had grown at a rate of 300% each year and had
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-Need education about sexuality & safe sex. Hard to access this. -Have to educate public about them to reduce homophobia. -Employment: need protection from discrimination‚ the Anti-Discrimination Act 1977 Financial Support: don’t become parents so generally have better socio-economic status. Law still recognises them as a couple so they stil get the same certain legal rights financially. Health: -need education about sexual health to avoid getting HIV/AIDS. Fear of underaged gay sex
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Business Plan Worksheet Preliminary Business Concept Analysis In one sentence‚ describe your business concept: What is your business service or product? How long do you estimate that it will take to develop this service or product to the point of being ready for the public? What are the estimated costs of development of this product or service? Why do you think that this business concept will succeed? Who is your target market? Is this
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RESEARCH METHODOLOGIES Notes P15 Research fundamentals The purpose of research‚ eg advance knowledge‚ increase understanding‚ educate others‚ inform practice P116 the focus of research‚ eg question/hypothesis sampling P117 methods sample group sample size Explore a variety of existing research projects/reports and consider the following questions: What was the focus question? What was the same group size? What type of data was collected What sources of data were used? types of data P120
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Bibliography: Mitchell‚ K.‚ May R‚ Miller‚ L‚ Pfeiffer‚ K‚ Batho‚ E‚ 2011‚ CAFS Community and Family Studies HSC course‚ Mc Graw-Hill Australia Pty Ltd‚ North Ryde‚ NSW Beattie‚ A‚ Rayner‚ B‚ Rayner‚ K‚ Roberts‚ B‚ 2009‚ Community and Family Studies Preliminary and HSC‚ cenage Learning Australia Pty Ltd‚ Melbourne‚ Victoria Louise
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