is put in | My not participate in the business decisions | Tinker & Tailor’s Home Security Service‚ Inc. | Corporation | Unlimited | Unlimited monetary rewards | Business reputation ruined | Tinker & Tailor’s Home Security Service‚ LLC | LLC | Limited | Business and members are treated separately-limited life/taxes | Full Liability Multiple members or one member | Limit Liability Exposure The key to limiting liability exposure is to realize where your company might be vulnerable
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Accountants are in a position to provide advice to business owners to determine which organization structure is best for their particular business venture. Imagine that you were approached by a friend or relative interested in starting a specialty business to design men and women clothing. Discuss the advantages and disadvantages of at least two (2) forms of business structures. Make a recommendation regarding the structure your friend or relative should use based on this particular venture. Explain
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Between a Corporation and a Partnership The Difference Between a Partnership & an S Corporation | eHow.com http://www.ehow.com/about_6468163_difference-between-partnership- corporation.html#ixzz1y2I1CtVa San Diego Business Law Firm: Difference Between LLC and LLP
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(LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of
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For Immediate Release: Sudden Departure of XYZ‚ LLC Chief Financial Officer XYZ‚ LLC is restructuring to compete in a difficult economy San Diego‚ October 5‚ 2011 – XYZ‚ LLC announced Alex Martin‚ the company’s Chief Financial Officer (CFO)‚ has resigned effective October 5‚ 2011. Alex Martin has replied no comment about the sudden departure‚ but XYZ‚ LLC reported he is pursuing other career opportunities. Industry experts speculate the resignation is due to the company’s impending financial
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MACC-650 Seminar in Federal Taxation Spring 2010 Team Research Project Presentation to John Smith KMCE & A GOLD Gold Group KMCE & A Gold LLC Lawrenceville‚ NJ Dear Mr. Smith‚ We have been requested to review and present to you our recommendations for the start of your new Pharmaceutical/Biotech Consulting Company. To begin‚ we would like to review the information that we have been given from you to KMCE&A. We understand that you have a background as a business executive
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There are five main types of businesses in America. These five types of businesses are Sole Proprietorship‚ Limited Liability Company‚ Cooperative‚ Corporation‚ and Partnership. Each type of business effects the government and economy in several different ways; either working to better the economy and government or working against it. The way each business works is quite similar‚ they all work together to accomplish the same goal; to make a successful‚ plentiful business worth a lot of money. The
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main ones are a partnership‚ Limited Liability Corporation (LLC)‚ S Corporation‚ or C Corporation. In a partnership all partners are personally liable for debts and obligations. Each partner claims their share of income and losses on their individual tax returns. An LLC covers the owner from personal liability from business debts. As with a partnership‚ the taxes for an LLC are passed through to the owners. An S Corporation‚ as with an LLC‚ the income and taxes pass through to the owners. C Corporations
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1. Why do their members deserve limited liability? Is it fair that LLCs do not pay income taxes? A small business deserve limited liability because it’s used like a risk protection for their business as well as the owners. “It allows owners‚ called members‚ to have limited liability just like corporations’ (Lau‚ 2012‚ p. 367). There are so many new incorporated business laws that a business have to face on a daily basic. LLCs helps small businesses with the amount of liability that they face by decreasing
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Ibanga) Produced by !llmind for Little Trouble Big China & Ryan Leslie for Les Is More LLC. Piano: Ryan Leslie. Additional Vocals: David Lee Bennet. Recorded by Ryan Leslie at Wall Street Wonderland‚ New York‚ NY. Mixed by !llmind and Ryan Leslie at nHow Studios‚ Berlin‚ Germany. FEATURING COURTNEY BENNETT (R.Leslie‚ C. McCormick) Produced by Cardiak for Heartfelt Productions & Ryan Leslie for Les Is More LLC. Piano: Ryan Leslie. Recorded by Hristo (R. Leslie‚ E. Oshunrinde‚ G. Lambirth) Produced
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