Chapter 1 Case The McGee Cake Company Q1: What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an LLC? Since the company’s inception‚ the McGee’s have operated The McGee Cake Company as a sole proprietorship which has provided them with several key advantages. The first among these advantages is the relative ease with which the McGee’s likely experienced in starting their business where essentially they were only required
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FDI. FIVE GUYS. WHICH NATION IS THE HOME COUNTRY? USA HOST COUNTRY? KUWAIT FRANCHISEE. FIVE GUYS (CORP STRUCTURE OF FIVE GUYS) LAWS IN US. THAT APPLY IN US. Five Guys Holdings‚ LLC is a privately-held company which does business as Five Guys Burgers and Fries chain of fast-casual restaurants. Founded in 1986 by Janie and Jerry Murrell and their five sons‚ Five Guys Holdings is headquartered in Lorton‚ Virginia. The Five Guys Burgers and Fries chain offers burgers‚ fries‚ and hot dogs as well
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events. To give our clients and their guess a stress free celebration we will also provide hotels and lodging. Ownership and company structure This service company will be owned by Hillary Hoffman‚ and assisted by trained hired employees. The company structure will be a Limited Liability Company; this will offer the owner of this service protection from personal liability form the business debts. The owner will not be liable for the debt‚ or any claim on the business. There is less hassle in setting
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Assignment#1: To Build or to Buy by Professor; Business 402-Small Business Management 01/29/2013 Assignment # 1: To Build or Buy Craft a brief strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail. The Business strategy which I would use would be to purchase an existing Bagel and Tea shop located in the heart of Rockville
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Abstract Research and Recommendation on CTC’s Choice of Entity type Case Review Our client‚ CTC‚ design and manufacture cookware that remains cool to the touch when in use. The company originally has three investors‚ Dawn‚ Linda and Mike with different contribution. Dawn is single with no other jobs‚ will contribute land and cash with 30% ownership interest. Linda is married‚ will contribute services with 30% interest. Mike will contribute cash and 40% ownership and he will not involve in the
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Finance Web Search #1 1. What is finance? Finance is the management of banks for example the interest rates on a particular loan. It includes the management of investments such as the distribution of dividends. Finance also includes but is not limited to‚ the management of money for example the inflation and deflation of currency. Information used from: http://education.yahoo.com/reference/dictionary/entry/finance 2. What is a market? Name five types of markets in which you participate.
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dividends are not taxed Double taxation is levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes)‚ asset (in the case of income taxes)‚ or financial transaction (in the case of sales taxes). This double liability is often migrated by tax treaties between countries. Example: You decide to set up a corporation and have a profit of 1‚000‚000 in the first year. Suppose the government taxes corporate profits at 30%‚ then the corporation has to pay 300‚000 in
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BUSINESS AND FINANCIAL PERFORMANCE OF TNM LIMITED FOR THE YEARS 1 JANUARY 2008 TO 31 DECEMBER 2010 Contents INTRODUCTION 3 TNM MALAWI LIMITED 3 History and reforms in Malawi telecommunication sector 3 Company profile 4 Mission Statement 6 TNM’s Business operations and markets 6 Competition in telecommunication industry 6 TNM’s strategy for growth 7 OBJECTIVES 7 OVERALL RESEARCH APPROACH 8 CHARTS Chart 1: Shareholding ratio of TNM Limited 5 TABLES Table 1: subscriber and market
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below: • Liability. You are concerned about operational liability of the employees handling work on your behalf‚ as well as your personal liability for the operations and debts of the organization. • Geographic Expansion. You are thinking about expanding to another state‚ and need a business type that allows you to operate in both states. • Capital Expansion. You will need to raise funds in order to pay for the expansion. • Control. You would like to retain control of the company. • Profit
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determining financial feasibility is only the tip of the iceberg. Choosing the right business structure will contribute to its long term success. Therefore‚ when selecting the appropriate business type‚ one must carefully consider the following: taxes‚ liability‚ administrative burdens‚ start-up and long term costs‚ legal implications‚ accounting‚ public reporting‚ a business partner’s agenda‚ the best method to reach financial goals‚ as well as considering the different types of financial statements associated
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