and offer the products of the greatest quality. This business will also allow us to offer a valuable part of Kentucky’s history into our customer’s homes. I have chosen a Limited Liability Company (LLC) as the entity of my business. I chose this type of business entity for all of its advantages. Limited Liability Companies get the best of a partnership and a corporation. Like a partnership‚ members can enjoy the benefits of receiving profits in excess of their individual ownership percentage. This
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introduction‚ wanting to or having your own business. The question not only becomes what do you want to do in your business‚ but what kind of business are you going to develop? What kind of business you own will affect: Taxes Employment issues Liability issues How the business can be sold Involvement with the state Knowledge needed of local and state laws Need for an accountant and/or attorney Make sure you review Chapter 37 in your text‚ Business Law‚ for the specific types of businesses
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Club Hernandarias‚ Paraguay CaNav Import/Export will start as a wholesale distribution company. This import/export company will be run by owner Carlos Navarro as a Limited Liability Company. CaNav focuses on Paraguayan quality products and also provides the best customer service. CaNav will offer these products‚ directly from Paraguay‚ to big cities in the United States. EXECUTIVE SUMMARY COMPANY SUMMARY PRODUCTS STRATEGY IMPLENTATION SUMMARY MANAGEMENT SUMMARY FINANCIAL
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forms of organisations available to Penelope‚ Mark and John are partnership‚ corporation‚ Limited Liability Company‚ professional association and other legal entities. II. Out of the various available forms of organisation‚ the best and recommended form is a Limited Liability Company. It is a hybrid entity which has certain characteristic of a partnership and certain of a corporation. It has the limited liability feature of a corporation and the flow-through taxation to members as in the case of a
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business entity is a Limited Liability Company. The following papertwo different types of LLC and how they are formed. It will also touch base on several forms of business entities and the advantage and disadvantages of them. There are several types of Limited Liability Companies (LLC) but to understand the differences between them an LLC needs to be defined. “An LLC is an unincorporated business entity that combines the most favorable attributes of general partnerships‚ limited partnerships‚ and
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diversity within the organization can help to maintain a healthy relationship between the company and the surrounding society (Blanchard & Thacker‚ 2007). When a business instills a healthy working environment for their employees‚ it most often times results in building an effective working relationship for a long period of time. This paper will analyze the key training criteria’s that focuses on large companies in the areas of their legal requirements‚ employee growth‚ and diversity. Legal Requirements
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Businesses: they use it to set goals‚ to measure progress toward those goals‚ and to make adjustments when needed. 3- Taxing authorities: Local state and federal governments> income tax is figured using accounting information. Sales tax depends upon company sales. 4- Investors: they often provide the money to get a business going. To decide whether to invest‚ a person predicts the amount of income to be earned on the investment. 3. In details ‚explain the difference between Financial Accounting
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BUSINESS OWNERSHIP Compare forms of business ownership. Three basic forms of business ownership Sole proprietorship Partnership Corporation Sole proprietorship A business owned and operated by one
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This article was published in a slightly different form as Chapter 10 of Joint Ventures in Europe‚ Tottel Publishing‚ 2008. Joint Ventures in the Russian Federation Hermann Schmitt White & Case‚ Moscow 1 Hermann Schmitt Partner 1 General background 1.1 Joint ventures under Russian law Russian law currently does not provide a specific definition of ‘joint ventures’.2 In broad terms‚ a joint venture is a structure involving two or more independent entities that decide to work together
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when one chooses to start a business is knowing the type of legal organizations to select because the decision affects many aspects of the business. What can be affected are the amount and type of paperwork required‚ tax payments‚ possible personal liability one may face‚ the ability to borrow money‚ legal obligations‚ and the business laws that have to be followed. Financial Accounting is a course that introduces basic concepts and methods of corporate financial statements that are most commonly used
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