Introduction A. The Problem: Higher tax rate with the wrong entity The Method Used Entities Comparison A. Sole Proprietor Advantages Disadvantages Sub-Chapter S Corporation 1. Advantages 2. Disadvantages Limited Liability Company 1. Advantages 2. Disadvantages Conclusion: All Business Owner Have Their Unique Findings for their Right Entity * * * * * * * * * * Executive Summary When starting a
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divided into bank overdraft‚ hire purchase‚ trade credit‚ leasing etc Limited liability companies are the largest form of business enterprise. The larger the business‚ the more they depend on investment from individuals. Finance is supplied by individuals buying shares of company. Limited companies depend mostly on external sources of finance. External long term sources of funds SHARE CAPITAL: for a limited company share capital is likely to be the most important source of funds. The sale
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person who forms and operates a business. Entrepreneurs form and start companies by themselves‚ or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size‚ but some grow into huge corporations‚ such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business‚ which include a sole proprietorship‚ Partnership‚ limited liability company‚ and also a corporation. Each form has its advantages and also disadvantages
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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 file
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of useful tips for starting a business: First‚ you need to be clear about why you want to start a business. Determine the type of business and business structure you want to start (sole proprietorship‚ partnership‚ corporation‚ or (LLC) Limited Liability Company). Create a business plan that covers what you offer (type of product or service)‚ the target audience‚ and how much you will charge. Your target audience is the core of your business. Before you start a business‚ conduct a market survey
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FUNDAMENTALS OF Corporate Finance Jonathan Berk Stanford University Peter DeMarzo Stanford University Jarrad Harford University of Washington ISBN 0-558-65200-X Fundamentals of Corporate Finance‚ by Jonathan Berk‚ Peter DeMarzo‚ and Jarrad Harford. Published by Prentice Hall. Copyright © 2009 by Pearson Education‚ Inc. Editor in Chief: Donna Battista Sr. Development Editor: Rebecca Ferris Market Development Manager: Dona Kenly Assistant Editors: Sara Holliday‚ Kerri McQueen Managing
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brother out of the company and renamed it to the ‘Domino’s’ that we know today. Domino’s is now one of the largest pizza franchises in the world with 9‚350 stores in over 70 countries. It employs 175‚000 people worldwide and delivers over a million pizzas per day. Tom developed his company using franchising‚ allowing people to set up their own Domino’s pizza shops‚ in doing so he eventually made over 1 billion dollars before retiring in 1998. Domino’s is a LLC (limited liability company)‚ merging the
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is being formed as a private company offering services to student pilots. Southern Indiana Aviation will offer well-maintained aircraft for individual rental and for flight training. Southern Indiana Aviation will also provide primary and advanced flight instruction through the use of independent flight instructors possessing corporate backgrounds. The Company Southern Indiana Aviation‚ LLC has been created and legally organized as an Indiana Limited Liability Company based in Rockport‚ Indiana
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are not necessary. Lesson 1 (3.0 points) 1. What is liability‚ and what does it mean to have personal liability for a company? (0.5 points) Liability is the authorized word for being alleged responsible as well as compelled to complete a commitment. If you attain a personal liability for a company‚ this means that you can be held personally responsible for your company; including financial obligation as well as illegal actions your company may perform. 2. What are taxes‚ and what is the IRS
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Formation of Companies Introduction Associations of persons can take numerous forms. When discussing associations set up for the purpose of conducting trade‚ one considers three principle forms of partnership; partnership en nom collectiff; partnership en commandite and limited liability companies‚ with the latter being the most popular choice. A company is formed by the registration of certain documents with the Register of Companies as per article 76 (1). In instances of public or private companies‚ the
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