Sole proprietorship

Lessons Concepts of Entrepreneurship The five concepts of entrepreneurship I learned that I didn’t know before were feasibility analysis, promotion, financial statements, sole proprietorships, and Market penetration strategy. Feasibility analysis is important because it is an evaluation for a products/service overall appeal. I noticed that it’s a great tool to know if a business is usable or not. I will use a feasibility analysis in the future when I decide to create my own business. This…

the fitness and fashion world. This almost invisible financial partnership will allow Sweat and the City to serve its purpose without any limitations, financial nor content ones. Therefore, making Sweat and the City a private business with a sole proprietorship structure for the time being. By being a private business with Lululemon strictly as just its sponsor / stakeholder, the owner of Sweat and the City will be the one with full ability to control everything about the…

2.1 Questions Which type of business takes resources from nature to make its products? Name several examples. Producers take resources from nature to make its products. There are two sub-categories in the producer category; extractors and manufacturers. Extractors are the ones who take the source directly from nature. Examples of extractors are Marathon Oil Company and Exxon Mobil Oil Company. Examples of manufacturers are Ford and EcoSense Lighting. Producers are crucial to the business market…

Management & Administration Ownership: Obie-Achi is a Limited Liability Company (LLC) that contains the characteristics of a corporation and a sole proprietorship. We will be taxed just like a sole proprietor but with the limited liability of a corporation. This gives us flexibility when it comes to taxes because we will not be taxed directly, we will be able to decide how we want to be taxed. Also, being an LLC protects…

To review a copy of the suppliers shipping records I would use the discovery method of document production. For document production I would need to submit a written request for the suppliers shipping records. To preserve the testimony of the Alaskan fisherman I would use the discovery method of deposition. A deposition is a formal questioning of a witness outside of court that is transcribed by a court reporter and can be referenced during trial. To get the supplier to admit before trial, that…

There are many different types of business to consider when an individual starts their own business. The three main types are a Sole Proprietorship, Corporation and a Limited Liability Company. There are also many areas of business that an individual could pursue. Personally, if I could open my dream business it would be an equine (horse) boarding business ran by my husband and I. This business would involve the boarding of horses for extended periods, giving them quality care while their…

started as a Sole Proprietorship and started out of the owner’s garage two years ago and now has increased the personnel to 15. Acme Fireworks has received requests from large companies. The companies are vendors that want to place large frequent orders of firework shows. Firework shows can be dangerous and it is a hazardous job. The company can be liable if something happens and someone gets hurt. There are considerations to put into place as Acme changes their entity from sole proprietorship…

a mission statement 3 Insights from Nicors Inc mission statement: 3 QUESTION 8 5 Sole Proprietorship 5 Partnership 6 Corporations 6 Comparative Advantages 7 REFRENCES 8 INTRODUCTION This assignment will talk about the insights of Nicors Inc mission statement and what perception of the company do you get from its mission statement we will also see in question 8 the legal advantages of Sole proprietorship , partnerships…

There are four major types of business formations. If someone wants to develop a business, they can form a sole proprietorship, partnership, limited liability company, or a corporation. A sole proprietorship refers to a business that is owned and managed by one person. A partnership is a business where two people agree to be co-owners of a business and general participate in management and share the incoming profits. A limited liability company is relatively new in terms of business formations.…

business structure in Singapore. Sole Proprietorship A Sole proprietorship is a business structure that allows a Singapore resident to own his or her business completely. The ownership of the assets used for the business activities remains with the enterprising owner. A Sole proprietorship is a great business structure for an entrepreneur to learn the business. Being the sole owner of the business makes the individual a decision-making authority. However, a Sole proprietorship is not a separate…