LIT1: Task 310.1.2-01-06 Task A Sole proprietorship 1. Liability * An owner has unlimited liability both personally and as the company owner. Liability is a disadvantage in a sole proprietorship. 2. Income taxes * The owner is responsible for filing taxes and is allowed to file taxes as part of their personal income taxes. 3. Longevity * This depends completely on the owner and there continued ability to operate the business. The operation of the business can be significantly
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company and its owners. If the owners fail to maintain a formal legal separation between their business and their personal financial affairs‚ a court could find that the corporation or LLC is really just a sham (the owners’ alter ego) and that the owners are personally operating the business as if the corporation or LLC didn’t exist. For
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Chapter 1 An Introduction to the Foundations of Financial Management Learning Objectives Identify the goal of the firm. Understand the five basic principles of finance and business‚ the consequences of forgetting those basic principles of finance‚ and the importance of ethics and trust in business. Describe the role of finance in business. Distinguish between the different legal forms of business. Explain what has led to the era of the multinational corporation. Slide Contents 1. The
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short legs so I can visit Monkey who does nothing but swing and twitter high in the trees. It is time we met at my home - the river.” Crocodile opened his enormous snout and swiped sideways at the air. He snapped his ©Maggie’s Earth Adventures‚ LLC 2001 jaws several times until the frightened frogs hopped off to tell Monkey. When the amphibians arrived with Crocodile’s command‚ Monkey merely laughed. “My friend Crocodile knows I do not swim. Besides‚ Crocodile enjoys the trek from that water-filled
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Why was the United States afraid of the Soviet Union after WWII? Why was the Soviet Union afraid of the United States and Western Europe? 2 When World II ended it brought about a period of mistrust and uneasiness between the United States and the Soviet Union. Communism and democracy were
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Prentice Hall’s Federal Taxation 2013 Corporations‚ 26e (Pope) Chapter C10 Special Partnership Issues 1) A partnership cannot recognize a gain or loss on a current distribution. Answer: FALSE Page Ref.: C:10-2 Objective: 1 2) If a partnership asset with a deferred precontribution gain is distributed within seven years of acquisition in a nonliquidating distribution to a partner who did not contribute the asset‚ the precontribution gain must be recognized by the contributing partner. Answer:
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Landscape and Brand Analysis: Australian Gold Background Australian Gold is one of the fastest-growing sun care brands in the United States.2 Owned by New Sunshine LLC it was founded in central Indiana 26 years ago.3 Australian Gold is “sold in more than 50 countries [worldwide and] is recognized by its mascot “Sydney” a koala bear riding the waves on a golden brown surfboard”.5 The company’s headquarters is located in Indiana but they also have a “research and development lab and a manufacturing
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LLC Assignment 3 Task 1: ONE significant insight from LC “Context” lessons 6-9. From LLC lesson 6‚ the video reflection on Orpheus Chamber of Orchestra had encapsulated me on how amazing that an orchestra can perform beautifully even without a official conductor leading. The concept of Orpheus provided a deeper understanding of a distributed leadership 1 ‚ which made me to ponder on the possibility of distributed leadership in the SAF as it is an unquestionably a traditional 2 and bureaucratic
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List As of March 20‚ 2013 Board of Directors Howard Schultz (Chair) Starbucks Corporation‚ chairman‚ president and chief executive officer William W. Bradley Allen & Company LLC‚ managing director Robert M. Gates Former Secretary of Defense Mellody Hobson Ariel Investments‚ LLC‚ president Kevin R. Johnson Juniper Networks‚ Inc.‚ chief executive officer Olden Lee PepsiCo‚ Inc.‚ retired executive Joshua Cooper Ramo Kissinger Associates‚ Inc.‚ vice chairman James
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pressure but there is not enough evidence to support the facts if it really works. References 1. www.webmd.com/hypertension-high-blood-pressure/guide/hypertension-diagnosis-tests ©2005-2014 WebMD‚ LLC. All rights reserved. WebMD does not provide medical advice‚ diagnosis or treatment. 2
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