Part A (The Report) Sole Proprietorship A sole proprietorship is the most common form of forming a business in the United States. The individual that forms the sole proprietorship and the business is one in the same. For example‚ if the business owes creditors money‚ the individual who created the sole proprietorship business has to pay the bill. When entering into contracts the individual is actually agreeing to the contract since the person and business is one in the same. The biggest advantage
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Introduction A business also called a company‚ enterprise or firm is a legally recognized organization‚ designed to provide goods and services to consumers. According to the purpose of the business‚ ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector‚ public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public
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proprietorship to an LLC? Since the company’s inception‚ the McGee’s have operated The McGee Cake Company as a sole proprietorship which has provided them with several key advantages. The first among these advantages is the relative ease with which the McGee’s likely experienced in starting their business where essentially they were only required to secure the necessary licenses‚ tax identification numbers‚ and certifications to begin conducting business. In contrast‚ the requirements to start a LLC are quite
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CASE STUDY: Hal Donovan is the president of Hal’s Hardware‚ Inc. (HHI)‚ a regional chain of 14 hardware stores located in Michigan‚ Ohio‚ and western Pennsylvania. HHI currently has a Web site that includes information about the company and some store information‚ such as locations and hours. Hal is thinking about expanding the HHI Web site to include online shopping. He believes that HHI customers might find the Web site to be a useful way to order items‚ see whether items are in stock at the
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Fire whirls were the main reason of the spread of fire debris going far and high. As that was happening‚ firefighters continued to fight the tremendous flames. A huge piece of lumber fell on top of the city’s waterworks causing the building to burst into flames‚ destroying it. The city’s water mains went dry‚ and the city was helpless. The fire went all over the city from each building and block. Luckily‚ later that day on the
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tools‚ keys‚ locks‚ hinges‚ chains‚ plumbing supplies‚ electrical supplies‚ cleaning products‚ housewares‚ tools‚ utensils‚ paint‚ and lawn and garden products directly to consumers for use at home or for business. Bikol Enterprise – Hardware & Lumber was opened July 4‚ 2004 at Villanueva St. Caloocan City. At first‚ Mr.Bikol was an ordinary salesman of a Chinese hardware at Ongpin. He sells and had earned thru commission on sold products. He sells various type of hardware products like electrical
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1 Throughput Throughput measures the number of bits transferred over the communication link over a definite amount of time. In the case of cellular network the data throughput may not be same at each interface; also it is a well known fact that the radio interface is the bottleneck. To get a more accurate value of the user experience in terms of throughput‚ it is highly desired to measure the value from the UE. But practically this may not be feasible as it requires sophisticated applications in
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spiritual resources such as ivory or acacia wood. 3. Between Egypt and Nubia‚ people traded primarily resources that they needed from the other location because those resources were not naturally found in the area. These resources were things like lumber‚ copper‚ oil‚ and bronze. 4. Most civilizations would trade things to each other that the other civilizations did not have and/or could not acquire by natural
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FDI. FIVE GUYS. WHICH NATION IS THE HOME COUNTRY? USA HOST COUNTRY? KUWAIT FRANCHISEE. FIVE GUYS (CORP STRUCTURE OF FIVE GUYS) LAWS IN US. THAT APPLY IN US. Five Guys Holdings‚ LLC is a privately-held company which does business as Five Guys Burgers and Fries chain of fast-casual restaurants. Founded in 1986 by Janie and Jerry Murrell and their five sons‚ Five Guys Holdings is headquartered in Lorton‚ Virginia. The Five Guys Burgers and Fries chain offers burgers‚ fries‚ and hot dogs as well
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Running head: LEGAL FORMS OF DOING BUSINESS 1 Legal Forms of Doing Business University of Phoenix: LAW/531 March 2013 LEGAL FORMS OF DOING BUSINESS Legal Forms of Doing Business 2 Doing business in the United States can be a complicated matter. An entity wishing to conduct business must first chose a form upon which to do business. Some forms of doing business are a sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company‚ S corporation‚ franchise
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