Corporation” as the business name; the proponents derived the name from the source itself which is literally creating home decoration made of fish scales. Fish scales home decoration signifies the uniqueness of the product‚ that may can caught the attention of the consumers. 4.2 Product Name The proponent used the product names as “Loro Lamp” “Maya Vase”‚ “Maro Flowers” which are derived from the fish names‚ Maya Maya and Loro Fish where the scales are taken. 4.3 Form of Business Ownerships F’Scale
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have any recourse against Gordon personally‚ we should see whether the separate legal entity of the company may be ignore and lift the cooperate veil. In this case‚ Martha Shu was an avid cook and had a great talent for restoring and decorating house before her friend suggested that they incorporate a company called Michelin Stars Book a Cook Pte Ltd to take over her business. They wish they can expand the business wider. In addition‚ they had agreed that Martha would be the Managing Director and hold
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Unit two: Principles of providing administrative services Assessment You should use this file to complete your Assessment. The first thing you need to do is save a copy of this document‚ either onto your computer or a disk Then work through your Assessment‚ remembering to save your work regularly When you’ve finished‚ print out a copy to keep for reference Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with
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advice‚ in private‚ in all aspects of the partnership business.” Since the creditor has knowledge of this arrangement‚ they sue Adam because they view this as a breach of contract. Adam participated in management activities and acted more than as a limited partner. This is backed up by RULPA 303. It states that “a limited partner who participates in management will be just as liable as a general partner to any creditor who transacts business with the limited partnership. Liability arises when the
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Business Entities Jessica Perez BUS 311 Business Law Instructor: Janet Fiorentino 12/1/2014 As the manager of Acme Fireworks‚ I need to gather information to help the owner determine whether or not he should continue to be a sole proprietorship or if he should switch to another business entity. I will help him do so by explaining each entity and how they relate to his business situation. I am the manager of Acme Fireworks‚ a fireworks retailer who sells fireworks‚ puts on ground display fireworks
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In both business and accounting there are multiple types of entities (different types of business) that exist. The types of business entities that exist are a sole proprietorship‚ partnership‚ corporation and a limited liability company. Depending on the type of entity that is established‚ will determine how an accountant will analyze the transactions of that business‚ and determine how they are inputted. The type of business can also have their own advantages and disadvantages finically on a business
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UNITED NATIONS CENTRE FOR TRADE FACILITATION AND ELECTRONIC BUSINESS (UN/CEFACT BUSINESS REQUIREMENTS SPECIFICATION (BRS) Documentation Template Approved: UN/CEFACT Bureau ___________________ Version: 2.0 Release: 1.0 TABLE OF CONTENTS 1 INTRODUCTION 4 2 THE BRS AND UN/CEFACT’S GOALS 4 3 AUDIENCE 5 4 REFERENCE DOCUMENTS 5 5 PURPOSE OF BRS 2.0 5 5.1 OVERVIEW OF BRS DEVELOPMENT PROCESS 6 5.2 BRS BUSINESS REQUIREMENTS 7 5.2.1 Scope of Project 7 5.2.2 Requirements
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FINANCIAL MANAGEMENT INTRODUCTION Business firms exist because they satisfy a human need by providing a product or service. No business firm can be established without sufficient financing. The owner(s) therefore put personal loans they have entered into‚ and/or their hard-earned savings‚ at stake to partially finance the firm. The owner’s or owners’ contribution is referred to as owners’ equity. Normally‚ owners’ equity is not sufficient Borrowed funds (loans) have to be repaid through
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flow-through entity‚ and what effect does this designation have on how business entities and their owners are taxed? Flow-through entities are entities that are not taxed on the entity level; rather‚ these entities are taxed on the owner’s level. These types of entities conduct a regular business; however‚ the income earned and deductions allowed are passed to the owners of these flow-through entities‚ and the owners are taxed on the amount allocated to them. Thus‚ flow-through entities provide a way
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Abstract People who do business as a sole proprietor or in a partnership are liable for the torts committed by them and for torts committed by the business and its agents. The best way to avoid tort liability is to set establish their business as a corporation or a limited liability company. A corporation or limited liability company will act as its own entity for all intent and purposes. When it becomes it own entity you will have to separate your finances from that of the business. Remember that it
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