Fireworks has several options to choose from and‚ each has its own sets of pros and cons. These choices include such entities such as: a partnership‚ a corporation‚ or a limited liability company (LLC). Based upon the information provided‚ ACME Fireworks would most likely benefit by transitioning into a LLC. This type of entity will provide the control of a
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the business owner will be able to start-up quickly without excessive legal paperwork. Examples of this type of business are a home daycare or a nail salon. Partnership A partnership consists of two or more owners who do not file to become an LLC or a corporation (Nolo‚ 2013). There are two types of partnerships general and limited partners. A partnership is the least expensive co-owned business and the easiest to set up. Partners in business are both liable for the business regardless of
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We will start with discussing your current structure‚ a Sole Proprietorship. Since you currently are operating this way‚ it will be easiest‚ and make the most sense to explain it to you. As with the rest of the structures‚ we will go through a list of each of the seven characteristics of a business. Liability-First is a concern for you‚ liability‚ say for instance‚ in the situation of a contract employee. This could end up being a major concern for you.
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report is devoted to internal organization of the company. The scope of the research conducted is limited by the headquarters of «Unitel» LLC (under “Beeline” brand-name). Examining the company under certain internal organizational factors such as coordination mechanisms or principal-agent problem‚ the subject of interest was specifically the main office of «Unitel» LLC. Finally‚ all determined features of the market and the company are summarized at the end of each section and most applicable suggestions
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December 2013 Dresner Advisory Services‚ LLC 2013 Edition Wisdom of Crowds ® Mobile Computing / Mobile Business Intelligence Market Study Licensed to SAP Wisdom of Crowds ® Mobile Computing/ Mobile Business Intelligence Market Study 2013 Disclaimer: This report should be used for informational purposes only. Vendor and product selections should be made based on multiple information sources‚ face-to-face meetings‚ customer reference checking‚ product demonstrations and proof
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Establish a company in Cyprus‚ by Michael Chambers& Co. LLC Cyprus is among the most important business and investment centres in the EU and internationally. The considerable tax incentives together with the limited bureaucratic procedures attract business people and investors from all over the world. Another major advantage of establishing a company in Cyprus is that the island maintains the financial privileges of a tax heaven destination and follows all the relevant EU regulations. Furthermore
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organize his new venture as a LLC. In organizing his venture as a LLC‚ Mr. Young would be able to gain financing through venture investors or by equity offerings. This would reduce his personal costs and allow for greater allocation of resources. An LLC would also limit his personal liability compared to a sole proprietorship as only his personal investments into the organization would be liable/exposed and not any personal assets. One of the most important positives with a LLC is no double taxation as
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particular issue in this case is in March of 2003 after Cynthia Dietzmann and Gregory Jones quit Briefing.com to start StreetAccount‚ LLC‚ was the information and data not returned by Cynthia Dietzmann used to form a competing business. The tort of appropriation was broken in the case of Briefing.com v. Jones court case. The issue in this case is SteetAccount‚ LLC‚ using the data and information to create an economic competitive advantage on Briefing.com. The appropriation of trade secrets law
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Joe’s Original Seasoned Vinegar MARZ Foods‚ LLC Executive Summary MARZ Foods‚ LLC is a manufacturer of 100% all natural seasoned vinegar that is healthy and delicious. The first product we will launch is Joe’s Seasoned Vinegar. The recipe was handed down in the owner’s family for at least four generations‚ and we are ready to share it with the world. This is the first condiment of its kind and currently it has no competitors. Joe’s has several marketing points. For one‚ there’s no other
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Calvin Ritter CMIT 364: Windows Desktop Operating Systems University of Maryland University College Asia Desktop Migration Proposal Introduction Upgrading HACKM‚ LLC from Windows 7 to Windows 8 is a change the company feels it needs to make to be prepared for future growth of the company with new technology ideas as they come out. Due to some difference in the layout of the two‚ we will have to take the necessary steps to make sure that end users do not have a long downtime between the changes
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