Legal Forms of Business Mike Martin LAW/531 January 9‚ 2012 Carmina Perez-Fowler Legal Forms of Business Legal forms of business include sole proprietorship‚ partnership‚ limited liability limited partnership‚ limited liability company‚ S corporation‚ franchise‚ and corporation. Each of these legal forms offers distinct benefits to business owners and investors. The decision to incorporate one legal form as opposed to another is often determined by circumstance and underlying factors. Cheeseman
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Limited Liability Corporation and Partnership In the United States‚ limited liability companies increased rapidly throughout the past 10 years. These structures permit businesses to decrease federal tax liabilities by federal pass-through provisions (Bean & Bilyeu‚ 1997). Limited liability can apply to any non-corporate business‚ in any state‚ and provides characteristics of a corporation and a partnership. Individual states regulate the operations of the LLCs. However‚ companies with limited
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1 Forms of Business Organizations and Their Attributes 2 Forms of Business Organizations And Their Attributes Sole Proprietorship A sole proprietorship is the easiest business organization to form because ownership consist of a single individual. The sole proprietor has ultimate control over the focus and direction of the entire business. This feature sets the sole proprietorship apart from all other business organizations. The advantages of a sole proprietorship are that the only paperwork
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Partnership for Lebanon and Cisco Systems The Case The “Partnership for Lebanon and Cisco Systems” case study discusses a project developed after the war in Lebanon in July of 2006. After the war‚ President George W. Bush urged 5 U.S. based companies to partner together to help with the reconstruction efforts in Lebanon‚ including Cisco systems (led by John Chambers)‚ Intel corp. (led by Craig Barrett)‚ Ghafari Inc. (led by Yousif Ghafari)‚ Occidental Petroleum (led by Dr. Ray
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Organizational Behavior-II Faculty: Dr. Neerpal Rathi Course Objectives: An organization does not really accomplish anything on its own. Plans do not accomplish anything either. Endeavors succeed or fail because of the people involved. Apart from their own personality attributes‚ peoples’ efforts in an organization are also influenced by the changes in economic‚ technological and social conditions‚ inside and outside the organization. The course Organizational Behavior-II is planned and designed to help
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Corporate Effectuation | What managers should learn from entrepreneurs!Book/Article Review | Corporate Effectuation In the book Corporate Effectuation – What managers should learn from entrepreneurs! by Thomas Blekman‚ Mr. Blekman goes through the process of explaining that the leading way of management theory which focuses on prediction and control limits our ability to create successful business ventures. He posits that entrepreneurs can learn to think and act effectually‚ that is using
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Blessed Farm Partnership Stakeholders Internal stakeholders: a. Management‚ i.e. Mr. Brighton & Mr. Stayton the partners of the farm want to take the advent of EC grants‚ at the same time‚ make their capital increased. b. Staff‚ good wages as well as the benefit‚ good working conditions. Connected stakeholders: a. Customers‚ i.e. the slaughter get satisfied pigs with a reasonable price. b. Suppliers‚ get the price premium c. Local farms‚ blessed farm becomes the biggest
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MKT 4600: H.W. Assignment: 11-14-2011 Certainly‚ automation and/or computerization has been and is being currently utilized in everything from transportation to logistics alike. Most freight forwarders among others utilize at least one form of automation or computer software; some utilize much more than that. Four particular ways that automation is utilized in the transportation/logistics industry are: GPS software‚ Bar Coding in products‚ Tracking Numbers‚ and finally Electronic Data Interface
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Each traditional business form‚ sole proprietorships‚ corporations‚ and partnerships‚ all have their own advantages and disadvantages. Before you enter any of these types of business forms‚ you should always weigh out the advantages and disadvantages of what you are getting yourself into to see if it is worth it. A sole proprietorship is the simplest form of business organization where the owner is the business. There are many advantages to a sole proprietorship. One major advantage is that the
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PFC Ashe‚ Thomas Charlie 447 Signal Battalion Fort Gordon‚ GA February 1st‚ 2014 Importance Of Following Orders In order to be successful in any career one must be able to listen and take to heart the importance of what they are learning and doing throughout their lives; this has significance in both the military and civilian life. In order to do that you must follow whatever your superiors say‚ like when you are at your civilian job and your boss tells you to clean the
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