Essays on Proprietor

Change of Business Entity

Introduction Starting a business as a sole proprietor has its advantages and disadvantages and with development, it is normal for entrepreneurs to consider converting to other business types that have better terms. Some of the primary benefits of this sort of business include; the owner has full control of the company operations, can sell or transfer ownership, and does not incur tax whatsoever. Furthermore, the entrepreneurs spend less on acquiring the legal documents as compared to the other types of business. However, entrepreneurs operating in sole proprietorship are held responsible for any business debt or liability unlike the other ...

Family firms are the most universal type of business on the planet. In the United States, 33% of the organizations in the S&P 500 are owned and controlled by the establishing family, and family firms represent 80-90% of the organizations in the private sector. There can be most likely families that assume a critical part in the landscape of advanced business. On the other hand, since numerous individuals have suppositions about how families work, they frequently have presumptions about how family organizations fill in also (Adams, Taschian, & Shore, 1996).One focal presumption rotates around the idea of development - ...

- Discuss the case in terms of the attitudes and beliefs of the managers and workers. Pay particular attention to issues related to satisfaction and organizational commitment.

The case is a perfect example which portrays the intricate relationships of the persons of a factory which govern the production and work. The proprietor of the company, J.K. Roberts had kept an amiable relationship with his employees and that came across as a positive thing for all the workers. The company had been seeing good growth until the recent times when it was faced with competition which ...

- Introduction Jackson plumbing is a sole trader business that provides high quality plumbing services to newly construct residential and commercial buildings in the area at some of the most affordable rates. The business also offers high quality repair plumbing services to both commercial and residential buildings in the area. The location of the business, a low number of competitors and a growing metropolis makes the business a potentially highly profitable undertaking that is bound to experience impressive growth rate in ...

Q1: Basic building blocks of organizational structures (Specific examples). The basic building blocks of an organizational structure include division of labor, vertical linkages, horizontal linkages, and informal linkages (The Saylor Foundation [TSF], 2014). Garment manufacturing requires division of labor, or the assignment employees to the following steps: design, procurement, production (cutting, sewing, and, printing), quality assurance, and packing. Vertical linkages are exemplified by the lines of responsibility in a business school between the dean of college, the department chairs, and the department professors. Horizontal linkages are exemplified in the manner in which GE could conduct its divisional planning, wherein ...

Question 1

Ahluwalia, G. (2013). Cosmetic applications of laser and light-based systems. Norwich, NY: William Andrew. Smith, G. (2013). Cosmetic applications of laser and light-based systems. Norwich, NY: William Andrew.

The book by Smith is a good point of reference for any person who may wish to undertake a research in this chapter. Not only is the book written in a simple language, the integration of points is exceptional, and the definition of terms meets the point. Smith gives a general overview of the process and argues that the process is beneficial. Although he does not address the principles, the book gives the basic ...

Entrepreneurs engage in different forms of business ownership in an effort to satisfy their business goals and objectives. Different types of organizations and organization structures are available in the present business world influenced by the type of environment a business operates in. This discussion focuses on four types economic concepts namely: Sole proprietorship, partnership, public sector organizations, and not for profit organizations.

Sole proprietorship

As the name suggests, a sole proprietorship is a form of business organization owned and managed by a single person. It forms the simplest type of a business to start because it does not fall under the categories of legal entity businesses. ...

A small business is a partnership corporation that is privately owned or a sole proprietorship. The factors that govern a small business that may involve tax policies and the government support systems may differ between different countries. According to the definition of a small business in Australia, it should comprise of not more than 15 employees. Small businesses can also be identified according to the business net profit, the amount of assets and the amount of sales that the business makes. Many countries in the globe have different types of small businesses, which are commonly determined by the economic system and the economic ...

The Fourth Amendment of the U.S. Constitution affords "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized." Eventually, these words attempt to defend two essential freedom goods - the right to privacy and liberty from illogical assaults. An examination happens when a belief of discretion that people considers reasonable is trespassed by a legislative ...

Introduction

Datax Tutoring Service exists in its legal form as a legal proprietorship in the form of the business's ownership with mingling of rights of the owner as well as liability and responsibility in combination with business rights. In this case Matt Thomas exists as the owner of the business as well as in legal representation with the responsibility of transaction and management of the activities of the business. There is no legal distinction between the Matt Thomas as the owner and his tutoring business. In addition he is the recipient of allow profits that are subjected to certain taxation ...

Indeed creditors of a corporate cannot claim the assets of a company’s shareholders should the company become insolvent. This is contrasted to the situation regarding a sole proprietorship in which the creditors are allowed by the law to put claim on the property of the sole proprietor in case the assets of the business are not sufficient to cater of all of the creditor’s claims. Indeed, it is fair for the shareholders of a company to have a limited liability and for the owner of a sole proprietorship to have an unlimited liability. A shareholder with unlimited liability is one whose personal property ...

Starting a successful business is a goal of several people around the world. There are various elements that a person should consider when starting any business. A sole proprietor has various advantages, for instance, a person gets full control of the business including the decision-making process, one enjoys all the profits realized from the business, and there is ease in formation of the business. A computer business requires the owner to be passionate and knowledgeable due to the several challenges involved. The disadvantages of sole proprietorship include unlimited liability, the limited experience, difficulty in accessing long-term financing, and limited startup capital. Some of ...

Partnership is a business formed by two or more people. According to the law the maximum number of partners should be fifty. When partners come together they are expected to draft a partnership deed which should spell the rules and regulations of the partnership. The contents of partnership deed include: the ratio of sharing profit and losses among partners, salaries to be paid to active partners, interest to be paid on capital, interest to be charged on drawing and the procedure of admitting or expelling a partner. If partners fail to draft a partnership deed then in case of a dispute the court assumes ...

Introduction

Guillermo Furniture Store was established some decades ago in Sonora, Mexico. The concern essentially manufactures furniture as its main product. The paper essentially examines the Guillermo Furniture Store Concepts in appreciation of the scenario in which it currently is placed. The options availed to the proprietor are given with the objective of making the best decision for the concern.

Concepts

Over the recent years, the concern has been faced by a number of challenges. For starters, the entry of a foreigner into the market has greatly affected Guillermo. This is because of the Guillermo’s use of high technology and low pricing ...

Businesses of all kinds need to devise a plan with which to follow as they grow and expand. Growth of a business could involve moving to a new premise, production of new and better products in larger quantities than before and so on. Kelly as an entrepreneur who has specialized in the food industry only makes lunch currently. However with a chance to expand and grow the business, she needs to plan for the growth and expansion. As her plan for growth involves shifting base and improving the business form in general, her plan for business growth should be designed to suit the ...

Natuurlik Fresh Pressed Remedies

I am deciding to open the Natuurlik Fresh Pressed Remedies. This will be operated as a Sole Proprietorship Business. The reason I choose to operate under sole proprietorship is that it is the easiest and cheapest way for me to go. All profits will flow directly to the owner, and this business is subject to fewer regulations. The Natuurlik Fresh Pressed Remedies cannot compete based on profit only. This is the reason it will focus on meeting customers' expectations and core competencies. It will focus on achieving the customer expectations for the excellent quality of the Natuurlik Fresh Pressed Remedies. ...

The novel At Fault, published in 1890, brought its author, Kate Chopin, a great deal of attention and appreciation from critics, especially for the impressive realism with which she built her characters. Some were extremely powerful and bold, too bold for that time, like the protagonist, and others were very straightforward, uniquely American, like the half-black half-Native American, half-black Joçint. The mythical and historical association of Native Americans to nature is livelier than ever in Chopin's character, who has no desire of following the path set for him by his father and is drawn to the woods. He ...

MEMORANDUM

RE : MONFORTE DAIRY Executive Summary This discussion is an analysis of Monforte Dairy and recommendation of strategies that the company can implement in order to exploit growth opportunities. Presently the company strengths are attributed to customer loyalty and brand awareness. Recently, the company suffered a huge amount of inadequate capital exposing a weakness for the company as loan lending banks considered the situation as risky. The setback, however, presents an opportunity for the company to grow in the artisan cheese industry as well as introduce new products. With reference to produce, Monforte is faced with limitations on ...

(i) Advise a couple setting up a retail business what advantages and disadvantages they may encounter with an unincorporated business structure and explain the consequences of incorporating their business. The couple setting up a retail business is free to start any form of business according to the investment they propose to make. Investment depends on the size of the business proposed. Again they have to decide whether the capital they have will be sufficient for the type and size of the business proposed. A business structure is advantageous or disadvantageous according to the size of the business proposed. The owners of the ...

Business Organizations

Important tips for the business persons Business communities are concerned to a variety of business laws to meet the legal codes and standards setup through by the federal governments. Every businessperson should expert by having the knowledge of essential business laws to gain the great profits in future. These essential laws include; basic legal principles, contractual laws, the uniform commercial codes, property right, employment rights, external and internal business relationships, business laws of 21st century etc. The study of essential laws of business saves the time of businesspersons and conflicts with the competitors in the markets .

Forming the sole ...

Business Considerations for Acme Fireworks

[Institution Title] The risk of going into business is always great especially for sole-proprietors. A sole proprietor is one who single-handedly operates and handles the business. From a legal standpoint, a sole proprietor is identified as a single entity who acts as both the owner and the business itself . Given this distinct feature, a single proprietor therefore, maintains all legal accountability for the business particularly in terms of finances. In the case of Acme Fireworks, it is a small-scale business which rightfully started out using the sole proprietorship business type because it was able to take advantage some of the salient features of ...

Business leader interview

Introduction Most people dream of being successful business owners, many of them start business enterprises and in most cases very few end up with success stories (Safko, 2012). To find the answer on why most stories successful, it was best to engage a successful business person to learn from his mistakes and share his secrets to success. To get this information it was necessary to have an interview.

Business leader interview questions;

- When did you open your first restaurant and why did you decide to enter into the hospitality industry? - Did you always aspire to own a restaurant or did you ...

Company overview

The online bookstore will be known as booksgalore.com. The store will stock online and paperback versions of rare books on the following subjects: history, philosophy, theology, fiction and science. The bookstore will be in operation as from mid-January 2015. Its base of operation will be New York City where the company will have a warehouse for storing paper back copies of books. The company’s site will be hosted and maintained by Itl Internet Service providers which will be contracted on a yearly basis.

The company’s address is:

335 Park Avenue Street

New York City

United States of America www.booksgalore.com

Mission and vision

Vision A book in every hand. ...

Part One

Del Lago Partners, Inc. and Del Lago Partners, L.P., d/b/a Del Lago Golf Resort & Conference Center, and BMC-The Benchmark Management Co. v. Bradley Smith, No. 06-1022 is an appeal case that involved Del Lago Golf Resort and Conference Center as the petitioner and Bradley Smith as the respondent. Earlier, Smith had won the case and awarded $ 300, 000 in actual damages after deliberations made by a jury in a 6-3 decision. The majority made the decision on the basis that owners’ of premises have a duty to protect their guests against acts of aggravated assault made by third parties. In this ...

Business Forms Worksheet

This is a form of business that is formed and managed by one person. The business entity is the easiest business to establish. The proprietor bears the sole responsibility of all activities and challenges that accrue to the business (Keenan & Riches, 2007).

Advantages

1. The owner enjoys all the profit that accumulates from the business activities 2. It is the easiest business entity to establish because it requires few legal documents to start a business. The business and the proprietor are one entity i.e. the owner is the sole decision-maker. 3. The proprietor enjoys maximum privacy and can manipulate the ...

Agroland is a family owned agribusiness based in Cairo, Egypt. The business was established in 1995 by AbouSamra as tomato and cucumber distributing and exporting firm. The business started with one production plant processing about 50 tons of tomatoes and cucumbers per day. In the year 2,000, the business started to register profits and positive growth. It diversified into other agricultural businesses such as the selling of farm tools and nutrients used grow exotic plants and fruits. The firm also upgraded its processing capacity to 300 tons per day. In 2003, the business performance began to decline due to ...

Introduction

Corruption is a social occurrence deep fixed in the history of mankind. It is alike to other types of crime which are likely to occur in procurement of works by authorities and local administration, due to the large amount of money engaged in a lone transaction and the difficulty in supervising project expenditure. The current paper focuses on the types of corruption involved in CCC which is a premier diversified building firm executing engineering, building, procurement, buying into and development projects globally. It pledges to supply reliable, amicable and professional services to precious clients, and to offer a comprehensive support to businesses and ...

The Longoria Affair (2010) The movie, The Longoria Affair (2010) depicts the events that occurred in a small town in Texas that directly helped in raising the work of civil rights activists against discrimination and racism. The documentary is based on a 60-year old story in Three Rivers, Texas, where the sole funeral home refused to wake a deceased army man. The widow of the deceased Private Felix Longoria was simply told by the proprietor of the funeral home that the whites in the town would not like it if the funeral home held the wake for her husband. From the ...

At law there is little difference between a proprietor and the proprietorship, especially in terms of liability (Spadaccini, 2007). Accordingly, there is very little the proprietor can do to limit the liability exposure, within the business. The best option available is to convert the proprietorship to a limited liability company (LLC), and reduce the exposure to the extent of investment (Seaquist, 2012). Similarly, the general partner is exposed to personal liability. One option available to reduce such exposure is to become a limited partner. Another option but less effective is to specify the instances in which the general partner will be liable ...

Executive Summary

This paper focuses on the Mooroolbark Real estate Agency which is mainly involved with the operation involving the sales and acquisition of real estate property for clients and interested customers in acquiring houses and various property asset and buildings. The operations o the business is facilitated by an information system out in place to improvise and simplify interaction and communication between the different entities involved in the whole processes of the day to day setup of the agency. The need for the carrying out of the system analysis and requirements determination is inspect whether the system put in ...

Business Formation Types.

This is the simplest business form, which is started, run and owned by an individual. There are no formal actions required in setting up a sole proprietorship, and as long as there is ownership this status becomes automatically acquired. This is unlike any other form of business where one needs to obtain formal documents such as licenses and permits. The sole proprietor is entitled to all profits and also bears all business losses and debts. He/she makes decisions and has complete control of the business (Dlabay et al, 2009). There is no differentiation between the sole proprietor and the business ...

Summary of Detective Fiction

Summary of Detective Fiction

“The Murders in the Rue Morgue” is an interesting tale in which a guy named Dupin outwits the police in solving the murder of two women. The story is quite captivating and I was particularly inspired by the systematic manner in which Dupin connects the small leads in the case. When Madame L'Espanaye and her daughter Mademoiselle Camille are found dead, the neighbors give conflicting tale of events, but one thing is clear: two distinct voices were heard from the apartment. The fact that the apartment is inaccessible from the outside makes the murder appear mysterious. ...

The restaurant called “Friend’s Cabin” was established by the interviewee’s father 10 years ago. It is currently managed as a family enterprise with the interviewee and his brother taking care of the operations of the establishment. The interviewee and his sibling (a brother three years his senior) earned a degree in Economics but has been introduced to business by his late father since he was young. The interviewee is also a holder of Master’s Degree in Business. The restaurant’s value proposition is to simply provide good and healthy food in a friendly and clean environment. There is no information ...

1.0 Introduction Technology and developments in the printing industry have led to the emergence of higher definition and more realistic images. This is more pleasing to the audience and gives a clearer message. Following a high demand in high quality 3D printing, an opportunity arose to fulfill this need. The business will to serve its customers with quality 3D prints. Following this keen evolution of printing technology, there is a feasibility of starting a printing business, which will work with other related products and services. The business will be a sole proprietorship. The proprietor will make all the decisions. The owner will be ...

For a number of years, the United States Justice system has recorded a number of wrongful convictions in its jurisdiction. Steckler (2013) argues that this is so but such cases are on the minimum and the legal task force directs all they have into ensuring legal justice delivery. However, in such instances no matter how rare, the damages caused are permanent and the wrongfully convicted have to live with this. The only beneficiary to wrong convictions is the actual proprietor who gets to live free of accountability to the offense. This is dangerous in its own sense because the proprietor is ...

PART A

The works in question Scenting Ltd sells perfumes and toiletries for both men and women which smell like other expensive brands. The company’s products bear writing on them indicating that they “smell like” an expensive brand. For example one of their products, “Dawn” smells like “Naissance” which is produced by a French company called Chic SARL. “Dawn’s” packaging has words indicating that the company’s testers differentiate between “Dawn” and “Naissance”. When the Chic SARL Company moves to court on copyright infringement grounds, Scenting Ltd maintains that there is no copyright infringement. This is a summary of the ...

Guillermo owns the Guillermo Furniture store, which is specialized in making high and mid-end grade furniture. The company faces foreign competition from a company that makes use of advanced technology to produce quality products at low process. This has necessitated Guillermo to study various approaches of making his enterprise profitable and have a competitive advantage, as well as maintain his market share. The store will either be managed through high-tech or become a broker, to achieve the aforementioned goal. The paper analyzes the various alternatives, which are available to Guillermo that includes sensitivity analysis. The case presented is demonstrative of a typical ...

Introduction

While there are many forms of business as far as the law is concerned, all types of organizations have un9ique advantages and demerits. Apparently, the advantages and disadvantages are rooted in the legal capacity of a business. The common types of businesses available are sole proprietorship, corporation, Limited Liability Company, partnerships and the unlimited liability companies. Fundamentally the primary differences among all these forms are rooted in the liability status of the business in relation to the owners and providers of long-term finance (Emerson, 2009). Notably, unlimited liability means that the liabilities of the owners are limited to the extent ...

THE CONTRACT CLAUSE

PWC (Ireland) The Regime Building Pact Committee has printed a set of five firsthand forms of building contracts for Civic Works, including traditional and project and construct contracts for civil manufacturing and construction works, organized with a trivial mechanism contract, to be castoff for all civic works. The five agreements are: Construction Works Planned by the Owner, Construction Mechanism Designed by the Service provider, Civic Engineering Mechanisms Planned by the Proprietor, Civic Manufacturing Works Planned by the Service provider, Trivial Civil Manufacturing and Construction Mechanisms Designed by Proprietor .Corresponding with the growth of these new systems of building agreements, standard ...

Introduction

This paper will discuss the two major forms procurement that is involved in construction procurement process. These two major types of construction procurement process are bidding and shopping. This paper will highlight the disparities between the two types of construction procurement process as well as provide the reader with a proper understanding of the aspects that are attributable to the two processes.

Bidding in the construction procurement process

Bidding is the process of offering to procure an item or items at a price being offered by a bidder. In the bidding process, an individual that places the highest bid normally buys the item. However, in some bidding processes ...

BUSINESS PLAN

Statement of Intent The spot, youth academy seeks loan totalling to: $ These funds will be utilized in purchasing office equipments and other necessary supplies, offset the cost of leasing and constructing the building to house the academy at Corporate Drive off Fayetteville road, Lumberton. In addition, the loan will also be used to financing the cost of enclosing the play space and provide adequate working capital and sufficient cash reserves for the expansion of the childcare centre. The sum, together with an additional $5,000 cash investment by the principals, will transition through the expansion phase so ...

Executive summary

Special purpose financial statements that are conventionally provided by small businesses usually offer limited information in both quality and quantity. The main reason behind this is the freedom in reporting that small businesses have. Consequently, lenders have to be careful when using these statements in lending decisions. As a small business, Boat Builders Pty Ltd’s financial statements may not be in a good state as provided to be used in a lending decision. A critical evaluation of whether they represent the true status and performance of this business is necessary before a detailed financial analysis is done. A number of concerns arise ...

Perry Cars Limited (PCL)

Perry Cars Limited (PCL) plans to undertake a market research to determine whether a new venture will be profitable and to guide company strategy for the new business. The company intends to buy Wonder Car Hire (WCH) from its proprietor. WCH is a car hire business which has been operating profitably. David, the owner of PCL is considering an expansion into the car hire market. By conducting proper market research, David will be able to make an informed decision on whether to invest in WCH or not.

Market research is an instrument available to businesses especially potential investors. It provides information on ...

In every business environment, change is inevitable, and important move is ensuring growth and development. A business that gas been a sole proprietor need to make a lot of changes when it s stakeholders decide to grow. Such issues include business functions, employees’ issues, business systems, as well as ethical. As a matter of fact, growing from a sole proprietor to another business requires new business form, additional people, and rethinking of new business plan. In carrying out these crucial changes, leadership plays a crucial role since it brings together all issues of change and drives them towards success. In making changes in ...

1. Target market

The business will offer plumbing services to buildings that have just been constructed. The business will target both residential and commercial buildings that have been just been completed and require plumbing. The business will offer high quality plumbing service to its clients and a relatively lower price for each project when compared to its competitors in the area. The business will also offer plumbing repair services to both residential buildings at a cost lower than that offered by the competitors. The business will embark on a promotional drive to attract and retain more clients and develop customer loyalty to the business. ...

Acconting And Financial Plan For Magical Health Goodies

DESCRIPTION OF BUSINESS

At the initial stages of the business, only one employee will be hired. This employee will act as a personal assistant to the sole-proprietor of the business. The employee will assist in taking orders, delivering them and managing the business.

The decision to hire one employee is advantageous to the business as it ensures that at the early stages of the business the amount allocated ...

Executive summary

There are several factors that are generally considered in the starting of a business. These factors include availability of capital, skills available, location of the business among others. In an advanced level, one should also consider the tax implications of starting each particular business.

There are several forms of business formations. Depending on the owner’s preference, one may decide to start a sole proprietors business, a partnership or incorporate a company. This study will majorly discuss the modes of formation of a sole proprietorship and a company, the advantages of running these types of business and the suitability of such businesses at different levels ...

Description of Business

“Magical Healthy Goodies” is a home-based business, selling low-calorie healthy cookies, cakes, and pastries. Business objectives, which are specific clearly defined targets, are the following: starting from December 2010, to increase sales twice by the end of February 2011, and achieve sales of $15 000 in the following 6 months. In order to do this, sole proprietor of the business Ms. Fatmah Hemdan will hire one personal assistant Ms. Alyaa Mohamed, who will be helping with orders, deliveries, and overall management. The business will use social media marketing, namely Facebook group, to promote their products. Social media activities will include ...