LIT 1 Task 1 Sole Proprietorship A sole proprietorship is the most common type of business in the United States. It is formed when a person starts a business‚ but does not register it as a corporation‚ or a limited liability company. Most contractors‚ consultants‚ and home businesses operate under this form of business. Sole proprietorships are easy to form‚ and provide the owner with total control over the business. All of the profits belong to the owner‚ because the business and the owner
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Sole Proprietorship: The most common form of business in the United States. A business operating under Sole Proprietorship is run only by the owner of the company. All decisions are made solely by the owner without the need to have legal consultation. The business only needs to register the business name with the government if the owner choses to use a business name rather than his/her personal name. Liability- All liability is held with the business owner. Sole proprietorship has unlimited liability
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Unit 1: The Study of Prose [GET12] TUESDAY 24 MAY‚ MORNING TIME 1 hour. INSTRUCTIONS TO CANDIDATES Write your Centre Number and Candidate Number on the Answer Booklet provided. Answer one question. A Resource Booklet is provided with the examination paper. You should not have with you a copy of the prescribed text. INFORMATION FOR CANDIDATES 111108 The total mark for this paper is 40. All questions carry equal marks. 6437 Page Index to Questions Question Number Page Number 1 Achebe
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Sole Proprietorship Liability- Owner is liable for 100% of debts‚ taxes and liabilities. Income Taxes- Taxed like regular income tax; owner claims it at year end and pays income tax on all earnings. Longevity/Continuity- Company will likely die off if owner does. The company‚ being one and the same as the owner‚ cannot continue without measures being taken to pass on Control- Owner has complete control over all decisions made; complete autonomy Profit Retention- All profit belongs
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Name: Date: Graded Assignment Unit Test‚ Part 2: Autobiographically Speaking Answer the questions below. When you are finished‚ submit this assignment to your teacher by the due date for full credit. (16 points) 1. What roles do the adults or older figures play in the lives of the various narrators? Select a figure from each of the four memoirs and write one sentence answering the question for each memoir. Answer: Older figures play in the lives of the various narrators by giving the narrators
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TASK 1 (PART A) LIT 1 SOLE PROPRIETORSHIP: The owner and the business are considered one. The owner takes all the risk and receives all the profits. It is easy and inexpensive to start up a sole proprietorship however a sole owner has trouble raising capital which could limit growth. • LIABILITY –If the business fails the owner is financially responsible and my lose everything. • INCOME TAXES – The proprietor and the business are taxed together. • LONGEVITY/CONTINUITY – The business dies
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Part A When a business forms‚ the owner or owners must decide how to classify it. The type of classification will ultimately determine the rules under which the business will operate. Six general types of business entities exist with multiple variations thereof. Each type of business entity has advantages and disadvantages and there is no one type of entity that’s better than another. Business owners must decide how their business should be classified based on their individual and unique needs
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Chapter I Philippine Literature is a diverse and rich group of works that has evolved side-by-side with the country’s history. Literature had started with fables and legends made by the ancient Filipinos long before the arrival of Spanish influence. The main themes of Philippine literature focus on the country’s pre-colonial cultural traditions and the socio-political histories of its colonial and contemporary traditions. It is not a secret that many Filipinos are unfamiliar with much of the country’s
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the poem ‘A Contemplation of Flowers’ written by Henry King and ‘Once Upon A Time’ written by Gabriel Okara‚ both speak of and expresses regret by the persona in the way he had lived his life. Both personas illustrate how they wished that their situation would have been different by expressing their desires in poetic devices such as rhyme‚ alliteration‚ reputation‚ etc‚ etc. In ‘A Contemplation of Flowers‚’ the poet speaks about a man who has an admiration for flowers. The persona is marvelled
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The Path Forward: LIT MOTORS This report considers the strategy for Lit Motors; a San-Francisco based electric car start-up with two prototype vehicles in development. The Lit C-1 is the flagship product described as an enclosed‚ two-passenger‚ electric-powered‚ two-wheeled “daily driver”. The Lit Cargo Scooter folds to a small footprint when not in use and provides additional cargo space compared to normal scooters. The president and founder of Lit Motors is Daniel Kim‚ an erstwhile science and
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