of the business for this particular feasibility study is a “Sole Proprietor”. It is owned and run by one individual or one legal person. B. ORGANIZATIONA SET-UP The Owner/Manager has the highest policy making body that is composed principally of the firm. Thus‚ the Manager is empowered to direct and supervise the business‚ manages the property of the firm‚ and ORGANIZATIONAL CHART JOB REQUIREMENT AND DISCRIPTION The Sole Proprietor Project is composed of one owner that will run
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I. Introduction There were a lot of business to think of today. You can sell clothes online‚ you can start in a small sari-sari store‚ a fragrance store‚ in the market… and many other more. Business people risk their lives and money just to have a successful business life. Being a business man or woman should have a trait of being innovative‚ being hard-working‚ being humble‚ and passionate with what they are doing. As a business student I myself was already thinking now‚ of what business that I
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enhance the growth of her business‚ Taira still has to decide the business form best for her goals. Understanding the advantages and disadvantages of each can help make the decision easier‚ however‚ it completely depends on the desired result. The sole owner creates goals with their own ideas in mind. They also collect all the profits and benefits of the business and because of this‚ they only pay taxes on their personal income and not additional ones for having a business. This is the most common
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BUS508 Week 3 Scenario The Business Plan: A foundation for success; What an Entrepreneur Is; and Characteristics of Entrepreneurs Slide # Scene/Interaction Narration Slide 2 Picture of reception area for company with logo in background Tammy: Welcome again to Contemporary Business. This week I will be meeting with Cliff Walters‚ the President of Walters Aeroworks. Among the topics we will talk about are: The Business Plan being a foundation for success; What an Entrepreneur Is;
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the box and capturing the moment unify the organization. Highly involved in constant change‚ setting new trends‚ experimenting‚ and risk-taking. Supports and encourages positive personal development. Grennscape opened its doors to business as a sole trader. The Owner‚ Lita Ong was an educated woman who cared about other people. Due to a unique customer service she provided‚ the company grew to be one of the largest in the area and employing 20 people.
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QUIZ # 3: BMGT 110 SECTION I 1. One or more of your colleagues encountered the quote‚ which follows. And at first they gave it little or no thought. It read: “[p]rovide America’s taxpayers top quality service by helping them understand and meet their responsibilities and by applying the tax law with integrity and fairness to all”? In a couple of words what kind of statement is this: IRS Mission Statement. 2. Which type of merger is likely to receive the closest examination by the
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Accounting 3 & 4 Exercises Set # 1 Lee E. 1. Fred has owned and operated a sole proprietorship for several years. On January 1‚ he decides to terminate this business and become a partner in the firm Sears and Roebucks. Fred’s investment in the partnership consists of P12‚000 in cash‚ and the following assets of the proprietorship: accounts receivable P14‚000 less allowance for doubtful accounts of P2‚000‚ and equipment P20‚000 less accumulated depreciation of P4‚000. It is agreed that the allowance
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The Case of the Sole Remaining Supplier Though we live in a fast-paced ever-changing world today‚ we all still retain in us‚ an image of what an ethical community‚ an ethical society‚ or an ethical business should look like. We are all responsible in all levels of our society to act ethically as individuals and also as a community for the well being of all. “The Case of the Sole Remaining Supplier” exemplifies one of many such cases in business that puts board executives in a risky position
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a company or firm of his own takes a lot of effort. There are many different forms of business organization such as sole proprietorship‚ partnership‚ company form of organization‚ Hindu united family‚ etc. Keeping in mind these forms of organizations‚ there are different ways in which people fly kites. Some people have the skill and talent to fly the kite on their own like sole
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because it is not too complicated 1. Register your laundry shop’s Business Name. * It is important that you already have a business name in mind so that you can already start. At the very least‚ reserve your name online or personally in DTI (for sole proprietorship) or SEC (for partnership and corporations). This will give you a kick start in order for you to act. Once you have your business name‚ you will surely feel more excited and raring to go! This is very important specially to those first
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