tax identification numbers‚ and certifications to begin conducting business. In contrast‚ the requirements to start a LLC are quite a bit more extensive. Although less extensive than other corporate entities‚ establishing and maintaining an LLC requires that the owner form and register the LLC entity with the appropriate state agency. Next‚ the owner must draft and file articles of organization with secretary of state’s office along with paying a substantial filing fee that can be on the upwards
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LEGAL WRITING 201 30 SUGGESTIONS TO IMPROVE READABILITY OR HOW TO WRITE FOR JUDGES‚ NOT LIKE JUDGES JUDGE MARK P. PAINTER OHIO FIRST DISTRICT COURT OF APPEALS Legal Writing 201 JUDGE MARK P. PAINTER OHIO FIRST DISTRICT COURT OF APPEALS TAFT LAW CENTER 230 EAST NINTH STREET CINCINNATI‚ OHIO 45202 513-946-3444 – FAX 946-3411 mpainter@cms.hamilton-co.org www.judgepainter.org ........................................................... Introduction to Legal Writing ...............
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this does not stop the courts from lifting or piercing the veil to see what lies beneath. Critically discuss this statement citing the relevant case law. As is evident with most principles of law there are exceptions to the doctrine of separate legal personality. The courts will generally depart from the principle separate corporate personality in certain instances where tools such as enemy‚ agency and fraud are used to pierce the corporate veil. Debdor v Wilkinson It is commonplace within
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Business Ownership There are three different forms of business ownership‚ the Sole Proprietorship‚ the Partnership‚ and the Corporation. Each of these businesses have major advantages and disadvantages. The sole proprietorship is a business which is owned and managed by one individual. Some of its advantages are‚ the ease of formation‚ its management control‚ and its distribution of profits. Some of the disadvantages are‚ its unlimited liability‚ the lack of continuity‚ the capital requirements
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individual. He is the only risk bearer and the profit recipient The word ‘sole’ implies only and the word ‘proprietor’ refers to owner. Hence a sole proprietor is the only owner of the business. FEATURES 1. Formation and Closure – Hardly any legal formalities are required to start. But in some cases licence might be required. Closure can be done easily. Hence it is easy to form and close the business 2. Liability- They have unlimited liability. The owner is responsible to pay the
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Company Law for Business 1 Advise to the liquidator to do all he can to recover the creditors money. I would start by saying that Chablis ltd and Muscadet ltd are wholly owned subsidiaries and are separate legal entities in their own right. When Brandy loaned the two subsidiary companies money‚ the loans were secured by fixed and floating charges over all of their assets‚ so first and foremost‚ this would need to be paid back with the money recovered when winding up these two businesses. The
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profit disclosure. Tax rate will vary year to year depending on the net profits of the business. • Longevity is limited to the lifetime of the owner or the completed sale of the company’s tangible and intangible assets to an individual or outside entity • . If the owner dies without selling‚ the business ceases to exist. • Control is the most appealing factor for Sole Proprietorships as the owner needs only answer to themselves. The owner makes all decisions for the day to day operations
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country where the subsidiary operates‚ and the parent company still carries the foreign subsidiary’s financials on its books (consolidated financial statements). For the purposes of liability‚ taxation and regulation‚ subsidiaries are distinct legal entities. Investopedia explains ’Subsidiary’ The purchase of a controlling interest differs from a merger and the parent corporation can acquire the controlling interest with a smaller investment. Additionally‚ stockholder approval is not required
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Small Business Analysis Lindsey Brito ACC 561 Small Business Analysis There are four different types of business organizations that are popular among small business owners; sole proprietorship‚ partnership‚ C-corporation and S-corporations. Tax‚ legal and financial reporting may vary from organization to organization‚ so finding the right fit for your services and or products is crucial. Sole proprietorship is the most common form of business. It is the simplest and most inexpensive business to
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Name: Tanasha Duncan Territory: Anguilla School: Albena Lake Hodge Comprehensive School Centre #: 020001 Registration #: 0200010174 Subject: Accounting Acknowledgements………………………………………………………. 3 Introduction………………………………………………………………. 4 Methodology……………………………………………………………… 5 Module One……………………………………………………………………… 7 Aim and Objectives………………….…………………… 8 Related Literature……………….……..………………… 9 Presentation‚ Analysis and Interpretation of Data...…. 10 Conclusion………………………………………………
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