Running Header: CASE STUDY 1 The McGee Cake Company: A Case Study Submitter Instructor BUS Course 2012 CASE STUDY 2 Introduction The McGee Cake Company‚ owned by Doc
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The McGee Cake Company In early 2001‚ Doc and Lyn McGee formed the McGee Cake Company. The company produced a full line of cakes‚ and its specialties included chess cake‚ lemon pound cake‚ and double-iced‚ double-chocolate cake. The couple formed the company as an outside interest‚ and both continued to work at their current jobs. Doc did all the baking‚ and Lyn handled the marketing and distribution. With good product quality and a sound marketing plan‚ the company grew rapidly. In early 2006‚ the
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Introduction The McGee Cake Company has been in business since early 2005. The company is a sole proprietorship. They produce a variety of full line cakes and other cake including cheesecake‚ lemon pound cake‚ and double-iced‚ double-chocolate cake. In the past several years‚ the company has experienced sales increases due to features in magazines and this led to the company receiving orders from all over the world. Doc and Lyn McGee both had regular jobs and formed the company mainly due to outside
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liability for owners‚ thus a combination of partnership and corporation. If changing the company organization from a sole proprietorship to an LLC‚ the advantages are as follows. Since an LLC is functioned as a partnership‚ the funds raised from other partners will enlarge the scale of the company and relieve the cash flow and capacity problems and enrich its asset‚ thus further meet the demand for its cakes. Single Taxation. The owners of LLC are still taxed once for their personal incomes‚ avoiding
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Minicase – The McGee Cake Company 1. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a LLC? The McGee Cake Company‚ currently operating as a sole proprietorship‚ may benefit from forming a limited liability company (LLC). An LLC is a comparatively new type of business entity. With an LLC there are reduced legal formalities in comparison to setting up a corporation. In addition‚ unlike a corporation‚ the McGees could set up an LLC yet
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CHAPTER 1 THE McGee CAKE COMPANY 1. The advantages to a LLC are: 1) Reduction of personal liability. A sole proprietor has unlimited liability‚ which can include the potential loss of all personal assets. 2) Taxes. Forming an LLC may mean that more expenses can be considered business expenses and be deducted from the company’s income. 3) Improved credibility. The business may have increased credibility in the business world compared to a sole proprietorship. 4) Ability to attract investment. Corporations
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marriage‚ wedding cakes not being served. Colorado voters passed a reform‚ which made a guard against anti-gay discriminations‚ and which the Supreme Court later they got into the problem. The religious timid people who persuade sought to go behind their back civil rights protected in another way. They say that the Constitution gives them the right to discriminate against gay people. The Masterpiece Cake case got started by when a baker from Lakewood Jack Phillips rejected to make a cake for a same-sex
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Title: “McGee & Ryan Cases – Unenumerated rights – discuss?” Student Name: Ciara Sheehan Word Count (inclusive of footnotes but exclusive of bibliography): 1247 McGee & Ryan Cases – Unenumerated rights – discuss? Introduction: Unenumerated rights are ‘Rights that are not expressly mentioned in the text of a Constitution but instead are inferred from the language‚ history‚ and structure of the Constitution‚ or cases interpreting it.1’ Articles 40-44 recognise guarantee and protect
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Patrick Haines JLC 101 Prof. Edelson 9/11/14 Hawkins v McGee case brief Case Name: Hawkins v. McGee‚ 84 N.H. 114‚ 146 A. 641.(1929) Facts: Mr. Hawkins‚ the Plaintiff had undergone reconstructive surgery by Dr. McGee‚the defendant‚ in order to remove scar tissue on his hand that had resulted from an electrical wire accident nine years prior to the transaction. The procedure called for the removal of the scar tissue from his palm and the grafting of skin from his chest in its place. When asked about
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