and offer the products of the greatest quality. This business will also allow us to offer a valuable part of Kentucky’s history into our customer’s homes. I have chosen a Limited Liability Company (LLC) as the entity of my business. I chose this type of business entity for all of its advantages. Limited Liability Companies get the best of a partnership and a corporation. Like a partnership‚ members can enjoy the benefits of receiving profits in excess of their individual ownership percentage. This
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Joint-Stock Company: A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern corporate
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Deere & Company Commercial Worksite Products headquartered in Moline‚ IL‚ had more than 150 years of history. The company was into manufacturing‚ distribution‚ financing and servicing of agricultural equipment‚ construction and forestry equipment‚ and commercial and consumer lawn care equipment. Deere & company had pioneered the Skid-Steer loader market more than 25 years ago‚ but has been outsourcing product design and manufacturing to New Holland‚ an independent contractor. The company opened a
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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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business entity is a Limited Liability Company. The following papertwo different types of LLC and how they are formed. It will also touch base on several forms of business entities and the advantage and disadvantages of them. There are several types of Limited Liability Companies (LLC) but to understand the differences between them an LLC needs to be defined. “An LLC is an unincorporated business entity that combines the most favorable attributes of general partnerships‚ limited partnerships‚ and
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A Case Analysis Abstract The Hershey Company‚ known until April 2005 as the Hershey Foods Corporation and commonly called Hershey ’s‚ is the largest chocolate manufacturer in North America. Its headquarters are in Hershey‚ Pennsylvania‚ which is also home to Hershey ’s Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company‚ a subsidiary of his Lancaster Caramel Company. Hershey ’s products are sold in about sixty countries worldwide
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Tootsie Roll Industries Ratios (pg 732) The Hershey Company Ratio Interpretation and comparison between the two companies’ ratios Earnings per Share Current Ratio Hershey had net sales close to ten times those of (4‚946‚716 (51‚625 Earnings / Tootsie Roll‚ however their outstanding shares were Earnings / 492‚753 54‚296 Outstanding also an order of magnitude greater than those of Outstanding Shares) = $0.95 Tootsie Roll. Although earnings are greater for Shares) = $0.96 Hershey‚ the
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University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file
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Business Law I March 4‚ 2013 Outside of a sole proprietorship‚ where a single owner owns and operates the business there are three basic types of business organizations: partnership‚ corporation and LLC‚ also known as limited liability company. (Rodgers‚ S. 2010. Chapter 13) The general requirements for each entity are the following; a partnership is defined as an association of two or more competent persons to carry on a business as co-owners for profit. (Rodgers‚ S. 2010. Section
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Running Head: Case Study #4 Case Study #4 Initial Thread Jean S. Hamby BUSI 561 Liberty University Introduction Betty Wilson has decided to open a coffee shop and is considering various options including franchising‚ sole proprietorship‚ joint venture‚ corporation and partnership. In addition to determining the best legal entity to form‚ Betty has to decide if she will employ or partner with various friends and family members. Finally‚ she plans to name the coffee shop The Gathering
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