The Legal Features of Sole Proprietorship‚ Partnership and Corporation Submitted by: Darius Immanuel D. Guerrero BAP 3A February 28‚ 2012 Sole Proprietorship A sole proprietorship is a business entity that is totally inseparable from its single owner. The law treats the business and the owner as the same. Because of this‚ all liabilities are taken for the owner. The owner does not pay income tax separately for the business‚ but reports the business income or losses on his/her individual income
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1. What do you think Will Hunting’s life would be like if the therapy had not been successful? I believe that Will would have still been a construction worker and a janitor. He would still be afraid to take chances and allow people to actually love him. Furthermore‚ Will would have continued to be an intelligent‚ yet angry person for the rest of his life. He was going to look at his life fifty years from now and have so many regrets. He was going to be labeled as a genius that was an idiot for wasting
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reach the top part-time sales of the month award even the economy is bad back then 2009. Second‚ I am like a pioneer who is like to discover new things and have no fear for uncertainty. Last summer‚ I received Government’s scholarship to study abroad at Texas‚ in the Univ. of St. Thomas. I not only had the opportunity to study‚ I had an internship at the Government’s office for two moths. After the program‚ I traveled around the U.S. alone by only public transportation and it’s also my first
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* Do you think Sonic would have grown as large as it did today if it had remained a sole proprietorship? Why or why not? * What were the advantages and disadvantages to sonic of each form of business ownership? * There have been lots of drive-in and fast food restaurants over time. In your opinion‚ what makes Sonic and other major franchises more successful than others? I personally do not think that Sonic wouldn’t have grown as large as they are now if they would have remained a proprietorship
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of life with the possibility of parole. He is now 58 years old and you have come to realize that he is a model prisoner. He has shown impeccable behavior‚ has a job within the prison‚ has been around the community during furloughs and has become a positive influence and a great role model for other prisoners. Also‚ he has formed a bond with the victim’s family‚ who has forgiven him for what he has done. The victim’s family would like to see him get out on parole because they feel that he has changed
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When looking at forming any of these you must first look at who will be forming these. 1. Sole proprietorships; Individuals and small companies are better suited for sole proprietorships. There are several reasons why this is. a. Few business requirements b. Little or no cost to form. c. Tax advantages‚ can be claimed on your 1040 d. Single decision maker There are however some disadvantages of this structure such as liability. As a sole proprietor you are personally liable to any lawsuits
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What Would You Do? Scenario 1- Della the Delinquent Cat Lady As the president of the board of directors of the cat shelter‚ I am faced with rather or not Ms. Della should remain as part of the staff at the cat shelter. There are several problems that have been brought to my attention and I feel that now is the time to figure out exactly what should be done regarding the matter. After‚ evaluating the situation and giving it a great deal of consideration‚ I have come up several solutions to
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Guidelines IELTS Candidate Photographs 2009 The following guidelines are provided for centres to follow in the management of test day photos; the decision to accept the photographs submitted by a candidate is at the Administrator’s discretion. ▪ Candidates provide two identical colour photographs that are not more than six months old ▪ Cross reference with passport photograph (if the same has been used check the date of issue of the
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Do you think that Sonic would have grown as large as it did today if it had remained a sole proprietorship? No they wouldn’t have lasted if they stayed as a Sole Proprietorship why or why not? The way Sonic has expanded it would have too much for a single owner to open up 3000 sonic stores to date. What were the advantages and disadvantages to Sonic of each form of business ownership? The advantage of the owner of Sonic been a Sole Proprietor would have been‚ being your own boss‚ having the creativity
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est paying jobs. Furthermore‚ Sinhala‚ the language of the Sinhalese‚ became the official Sri Lankan language. The Tamils had hoped that the island’s independence would bring equality to the country‚ but the cultural differences were just too great. Rioting broke out in 1958‚ followed by some compromises with the Tamils. The Sinhalese prime minister was assassinated Neal Lineback 1959 and there were ultra-leftist terrorist activities. Finally‚ in the early 1980s‚ and Mandy Lineback Gritzner Sinhalese
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