Essays on Sole Proprietor

In the corporate form of business, the corporation is a referred to as a different entity to the shareholders. The main advantage of the corporate form of business is the reduced liability. In this case, the shareholders of the business organization are not considered as liable to any contracts of the corporation. They could not be sued personally for the negligence and debts of the business organization although they could lose their stocks or their investment within the corporation. Corporations could also have proper long-term plans which are separate from the plans of the shareholders. Since the corporation is ...

Business Law

Business Law The most important aspect when launching a new business is to determine the type of business structure to be able to make the business a successful venture in view of the legal and tax implications that are part of the selected business structure. The six types of business structure shared on U.S. Small Business Administration (2016) website are as follows:

The most basic form of business type and is owned by one person, form a legal standpoint the business has no separate legal identity and the owner can be sued in their own name and the owner ...

Business 311 Final Essay

Business Introduction Joe started his demolition company without apparent papers to legitimize the business. However, Joe’s with an advice of a friend did not comply with the required papers for business proceeded with his first job. Apparently, a fatal mistake occurred were Joe demolished the wrong customer’s house, which puts him and his business in a legal conundrum. The discussion will examine the three legal problems that Joe is facing as a result of not having business legitimacy and wrong job done.

Joe’s business is primarily involved in a contractual job, which makes him a contractor ...

Business Plan: Whether is it Feasible for BMG to Expand its Presence in the Increasing Affluent Chinese Market via Joint Venture (JV) with a Local Chinese and if it is Feasible in the Chinese Milk Market with a Local Partner.

Executive Summary

The purpose of this business plan is to come up with information in relation to the Chinese milk industry. Furthermore, this business plan seeks to determine whether the Chinese milk industry can be a lucrative platform to invest. Just the same way, this study is meant to analyze the possibility of BMG Company forming a joint venture with a ...

A partnership is a written agreement that shows the duties of each partner and how income will be distributed. There are many reasons for forming a partnership. One is additional capital. You may not want to go thru the hassle and regulations of incorporating, so you find someone(s) with needs matching your own. Another is access to credit markets. Forming a partnership shows you are serious about the business where operating as a sole proprietor could be interpreted as just a hobby. A third is the lack of skills needed to be successful. Each partner adds something of ...

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Introduction

A sole proprietorship is an organization that has one owner who deals with the companies needs like paying for the income tax. Also, it does not get support from the government and also the simplest to form. Moreover, the sole proprietorship has different benefits and disadvantages just to mention a few the formation of the business is not hard and one is his or her boss. However, the disadvantage is that one pays tax personally. Also, Welch cannot be held responsible for the unpaid debt because they are limited liability partners because according to the ...

Introduction

Sole proprietorship, partnership, and corporation are the three of the four main forms of business organizations. One is required to understand first all the features of these business organizations before establishing one. Regarding the ease of formation, the sole proprietorship and partnership business organizations are easier to form than a corporation. The management of these two forms of business is also easier than the management of a corporation. Consequently, the present paper delves into the characteristics, benefits, and drawbacks of each of these business organizations.

Sole Proprietorship

A sole proprietorship is essentially a form of business organization, which is typically owned, ...

Flight Logistics Agencies,

11-04-2016 The Chief Operations Officer, Highway Travels, Colorado Dear Sir, RE: RESTRUCTRUING OF INSTRUCTIONAL PROCEDURES I am writing with reference to the recent incidences that have led to some misunderstanding on the functional operations involved in the flight operations. First, I would like to express my sincere apologies for the miscommunication that have contributed to the inconveniences and the errors that have led to disruptions in the functional operations of the firm. My team and I take full responsibility for the miscommunication and failure to update the relevant authority on the major changes and context of our operations as ...

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 ...