major top institutional holders include: Berkshire Hathaway Inc‚ State Street Corporation‚ Vanguard Group Inc‚ FMR LLC‚ BlackRock Institutional Trust Company‚ and etc. % of shares held by insiders and 5% owners 5% % of shares held by institutional and mutual fund owners 64% Capital Structure (in billions) The capital that Coca-Cola uses
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are the responsibility of the owner only. Liability – There is unlimited liability in a sole proprietorship. The owner is solely responsible for any debts that may occur. Income Taxes – The business files taxes as one single unit. Because profits are not shared‚ they are considered personal income to the sole proprietor. Longevity/Continuity – In a sole proprietorship if the owner dies or quits‚ the business dies as well. The only exception would be if the owner states in his or her will that
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is a new and flexible business organization of one or more owners that offers the advantages of liability protection with the simplicity of a partnership‚ i.e. partners are not liable for business debts. Each partner reports business income on their individual tax return. LLCs may dissolve on the death or withdrawal of an owner depending on state law. An LLC is not appropriate for businesses seeking to become public or raise capital. LLCs require few ongoing formalities but usually require periodic
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by animal lovers who try to give good care to the creatures they sell‚ although they lack time to give much individual attention to each one. In other shops‚ the animals are treated like merchandise‚ like cans of soup or boxes of soap. These shop owners may buy dogs from puppy mills‚ businesses that turn out puppies as if they actually were cans of soup. The people running these mills provide food‚ water‚ and a place to sleep but not much else. Sometimes they let the animals live in appalling conditions
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responsible without protection. Also‚ sole proprietorships can only have one owner so you can’t bring others into the business. Likewise‚ they are unable to pass the business on to another individual. Tax planning can also be difficult for the individual since all income and debts for the company are also those of the individual. Overall‚ it is very dangerous to do business as a sole proprietorship due to the liability of the owner. 1. Costs: Almost no creation cost since there is nothing to create.
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1914‚ a colt named Joey (who narrates this tale) is sold to a drunken farmer. The farmer’s 15-year-old son‚ Albert‚ is thrilled. He names and cares for Joey and protects the animal from the farmer’s drunken rages. When the family begins to feel the financial impact of war‚ Albert’s father secretly sells Joey to an army officer named Captain Nicholls. Albert finds out and begs the captain to let him join the army. Albert is too young‚ but Nicholls promises to take good care of Joey for him. True to
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run a business any way they see fit with few state/federal regulations and limited legal formalities. The owner of a sole proprietorship assumes considerable risks by without liability protection and therefore is held personally liable for any judgments against the company and is susceptible to loss of business assets‚ personal property and real estate. Liability: The business and the owner are considered one entity. A sole proprietor will be held personally responsible for any debts‚ profit‚ or
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integrated circuits (ASICs) for industrial customers. The ASIC’s design combines analog and digital‚ or mixed-signal‚ technology. In addition to Tom and Jessica‚ Nolan Pittman‚ who provided capital for the company‚ is the third primary owner. Each owns 25 percent of the 1 million shares outstanding. The company has several other individuals‚ including current employees‚ who own the remaining shares. Recently‚ the company designed a new computer motherboard. The company’s design is both more efficient
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service to the people and less emphasis is made on profit making. Public cooperation is the widely known type of public sector business entity. The non-profit sector is derived with organizations that do not distribute their surplus funds to owners or shareholders‚ but instead use them to help pursue their goals. Examples include charitable organizations‚ trade unions‚ and public arts organizations. In private sector‚ businesses are financed and controlled by individuals or private institutions
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ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited‚ each partner has unlimited
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