18 Business registration documents for limited liabilities companies Article 19 Business registration documents for shareholding companies Article 20 Documents‚ procedures‚ conditions for and contents of business or investment registration of foreign investors making the first investment in Vietnam Article 21 Contents of requests for business registration Article 22 Contents of the charter of a company5 Article 23 List of members of a limited liability company or partnership‚ list of founding shareholders
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correct method of incorporating and running a business depends on many variables. Specifically with the sole proprietorship‚ partnership‚ corporations‚ general corporations‚ subchapter S‚ limited liability corporation‚ an analysis of the advantages and disadvantages provides a deeper understanding of companies that operate under these monikers. The diversity of these individual methods well defines the types of businesses they correlate to‚ further diversifying the types of commerce available in
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Organizational Forms Taking into consideration the forms of business such as sole proprietorship‚ partnership‚ limited liability partnership‚ Limited Liability Company‚ S corporation‚ franchise‚ and corporate form‚ the scenarios of each form of business is listed below. In addition‚ the scenarios will allow each individual to further understand the worth of the individual business forms. Sole proprietorship is the most common form of business‚ instating this proprietorships are operated and
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Doing business in the United States can be a complicated matter. An entity wishing to conduct business must first chose a form upon which to do business. Some forms of doing business are a sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company‚ S corporation‚ franchise‚ and corporation (Cheeseman‚ 2010). Sole Proprietorship A sole proprietorship is the “simplest form a business organization” because there are no formalities or the need for federal or state approval
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pay any taxes that are separate from the company‚ the cost is very inexpensive with minimum fees and funds‚ and an owner has complete authority on when to transfer or sell the business (University of Phoenix‚ 2011). The disadvantage is that you are personally reliable for everything such as debts. Furthermore‚ investors do want to invest into someone that is a sole proprietorship. There are two different types of partnerships‚ General Partnership and Limited Partnership. A General Partnership is
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following is a reason to form a limited liability company rather than an S corporation? There is no limit on the number of owners of a limited liability company whereas the number of shareholders of an S corporation is limited. All owners of a limited liability company have limited liability‚ but not all owners of an S corporation have limited liability. A limited liability company can be formed without formalities
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Business Law I March 4‚ 2013 Outside of a sole proprietorship‚ where a single owner owns and operates the business there are three basic types of business organizations: partnership‚ corporation and LLC‚ also known as limited liability company. (Rodgers‚ S. 2010. Chapter 13) The general requirements for each entity are the following; a partnership is defined as an association of two or more competent persons to carry on a business as co-owners for profit. (Rodgers‚ S. 2010. Section
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There are five main types of businesses in America. These five types of businesses are Sole Proprietorship‚ Limited Liability Company‚ Cooperative‚ Corporation‚ and Partnership. Each type of business effects the government and economy in several different ways; either working to better the economy and government or working against it. The way each business works is quite similar‚ they all work together to accomplish the same goal; to make a successful‚ plentiful business worth a lot of money. The
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Chapter 1 An Overview of Financial Management Learning Objectives After reading this chapter‚ students should be able to: ◆ Explain the role of finance‚ and the different types of jobs in finance. ◆ Identify the advantages and disadvantages of different forms of business organization. ◆ Explain the links between stock price‚ intrinsic value‚ and executive compensation. ◆ Discuss the importance of business ethics and the consequences of unethical behavior. ◆ Identify
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personal liability for injuries to consumers and what must be on our labels for safety. Analyzed the newly formed contracts with the retailers and the employment and expansion that are needed for Acme to go along with the new contracts‚ and then concluding with the change of the business entity. As we go forward with the growth of the business‚ we want to be sure things are done properly and that we will meet or exceed our consumer and customers’ standards at Acme Fireworks. Personal Liability As
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