Hey y'all, I have been blessed with the opportunity to serve on UGA Miracle’s High School Outreach Committee. On this committee, I will serve as a mentor to students around Athens-Clarke County, while empowering them to become involved in Children’s Miracle Network. UGA Miracle is a an incredible student-run philanthropy at the University of Georgia that benefits Children’s Healthcare of Atlanta, specifically the Comprehensive Inpatient Rehabilitation Unit and the Aflac Cancer and Blood…
Great post. I believe your points are well founded and valid. However, I am not sure I would rather gain 10 pounds to give up coffee. I agree with your assertion that the best option for Shania is to form an LLC. In addition to the characteristics of protected liability and tax benefits you discussed, this business structure has becoming so widespread in the domestic market that almost two LLCs were formed for every one corporation (Chrisman, 2010, para. 19). I firmly believe that the LLC…
profits passed to the general partners. A1c: The Limited Partnership is a business form in which investors known as limited partners agree to share in the profits of a partnership without having a voice in partnership management. · Liability: General partners are seen as legally the same entity as the partnership. They are jointly and severally unlimitedly liable to their creditors. Creditor may go after the assets of partnership unit, and further may go after each individual general…
is my goal to provide wise counsel to Tilly on the three possible business structures that she could adopt as a new business owner and the pros and cons associated with each. She has an option to start her business as a sole proprietorship, as a partnership or as a corporation,…
liabilities of two firms to form a single business entity. Under the Kenyan companies Act, mergers has been defined as either a transfer of undertaking, property and liabilities of one or more public companies (including the company in respect of which the compromise or arrangement is proposed) to another existing public company; or the transfer of undertaking, property and liabilities of…
Noor Rizwan Sole proprietorship . A sole proprietorship is a form of business where there is only one owner, and there is no legal distinction between the business and the owner. Let's look at what operating as a sole proprietor means for Beth. Advantages of Sole Proprietorship Operating as a sole proprietor offers some distinct advantages for Beth. It's a pretty simple and easy type of business organization to manage. As we mentioned earlier, there is no legal distinction between her and…
SMEs (Small & Medium Size Enterprises) do not have a specific definition. They are defined in different ways according to individuals or organizations. In a general prospective; an SME is a small or medium business, company or organization that is usually established by one individual or two as partners. A business with small/medium scale revenue, small/medium facility and a small number of employees can be considered an SME (Baenol, 1994). SMEs are considered one of the essential economical…
A business that lawfully has no separate existence from its owner. financial gain and losses square measure taxed on the individual's income official document. . The sole proprietary is that the simplest business type below that one will operate a business. the only real proprietary isn't a legal entity. It merely refers to someone World Health Organization owns the business and is in person to blame for its debts. A sole proprietary will operate below the name of its owner or it will do…
Ethel Carew Tax Exemption Assignment #2 Due 3/16/15 The key to a mutually beneficial corporate sponsorship agreement is for both parties involve to enter into a written, legally enforceable agreement. One that will spell out the scope of the agreement in terms of fees, mutual expectations, ongoing oversight, follow-up procedures and procedure (s) for termination should any party default. Corporate sponsorship income is vigorously scrutinized by the IRS and a non- profit organization such as…
I think that it is very important to talk about the different kinds of businesses existing in the UK. This is because it is part of Bennett Brooks' job to take care of different kind of businesses and then because it is a business itself. A sole trader is a held personal liable for his business borrowings and to any creditors if his business fails. He will also be held personally liable for any claims that are not covered by insurance. A limited company is registered at Companies House and is a…