business. Unlike a corporation that is taxed twice‚ the owner of the sole proprietorship is taxed only at the individual tax rate. Due to this‚ the owner of the sole proprietorship is able to retain more of the profits. Location – If the owner of the sole proprietorship decides to move to another state‚ they simply need to register a new DBA (Doing Business As) in that state. Convenience / Burden – Sole proprietorships are not governed by the same regulations that corporations are faced with (i.e
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business‚ but then again the most significant and crucial aspect is to decide the category of business you want to start and its model. When starting up a new business‚ an individual has the opportunity of starting a sole proprietorship‚ partnership‚ corporation‚ or LLC (Limited Liability Company). A sole proprietorship is a company that is run by a sole owner. The sole proprietor is the sole possessor of the business and is the only individual who manages the company. The sole proprietor is in authority
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CESAR A. BUENAVENTURA is Chairman of Buenaventura Echauz and Partners‚ Inc. He is currently a Director of the following: DMCI Holdings‚ Inc.‚ Semirara Mining Corporation‚ iPeople Inc.‚ D.M. Consunji‚ Inc.‚ Petroenergy Resources Corp.‚ AG&P Company of Manila‚ Inc.‚ Montecito Properties‚ Inc. (Vice Chairman)‚ Pilipinas Shell Petroleum Corp.‚ Philippine American Life Insurance Company and Manila International Airport Authority. He was chosen Management Man of the Year in 1985 by MAP and in
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and the tying-up with Toyota Motor Corporation of Japan and Mitsui to put up Toyota Motor Philippines in 1988. Metrobank subsequently entered into joint ventures with several renowned corporations like Sumitomo Mitsui Banking Corporation of Japan to create Sumigin Metro Investment Corporation; the National Mutual Holdings Ltd. of Australia to create Philippine AXA Life Insurance Corporation; and the ORIX of Japan to create ORIX Metro Leasing and Finance Corporation. The Old Metrobank Logo used until
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to corporations? To avoid the deterrent when there is no change in wherewithal to pay‚ because the government does not want to discourage corporate formation. Under this code there is no gain or loss recognized upon transfer as long as the transferor is in control of the corporation immediately afterwards. Question 14-20 What tax years are available to corporations? How do the options differ from other forms of business organizations? When establishing a new corporation‚ the corporation may
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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 (2010) writes
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Small-Business Idea Paper There are five different forms of business organizations that I can consider when planning to start a business. They are 1. Sole proprietorship 2. Partnership 3. C corporation 4. S corporation 5. LLC – Limited Liability Company It is important to understand each organization’s structural make up‚ to make an informed decision about which form of business organization is best suited for my consultant business
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as a Corporation or an LLC this structure separates business owner’s personal assets from the business debit and liability. The benefits of commerce acquiring shareholders or other entities to protect and shield their members from personal liabilities are a consideration that every entrepreneur should seek professional advice before starting a business. “As a separate legal entities‚ corporations are liable for their own debts and obligations” (Cheeseman‚ p. 558‚ 2010). By the corporation having
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http://www.researchandmarkets.com/reports/2220740/ Kia Motors Corporation - SWOT Analysis Description: Kia Motors Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Kia Motors Corporation - SWOT Analysis examines the company’s key business structure and operations‚ history and products‚ and provides summary analysis of its key revenue lines and strategy. Kia Motors Corporation (Kia Motors or “the company”) is one of the leading motor vehicle
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------------------------------------------------- TAXATION August 2011 Multiple Choice. Identify the letter of the choice that best completes the statement or answers the question. 1. Which of the following is not subject to tax as a corporation? (A) Business partnerships. (B) Insurance companies. (C) Joint stock companies. (D) General professional partnership. 2. A partnership formed by persons for the sole purpose of exercising their common profession‚ no part of the income of which
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