Adorable Pet Photography MGT/401 Introduction Adorable Pet Photography (APP) is a sole proprietorship company that promises to capture memorable pet pictures for their clients. I have chosen APP from the Business Plan Pro software’s sample database to consider it for investment purposes. The following evaluation will explain my intent to invest in APP based on the overall writing of the business plan‚ feasibility of the plan‚ and the competencies needed by the entrepreneur to be successful
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Introduction to Business Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves‚ businesses improve the quality of life for people and create a higher standard of living. It is a way for individuals to provide goods and services to consumers‚ and at the same time‚ produce a profit for themselves. Businesses are not only important
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The overall investment for this business reaches 10 lakhs inclusive of equipments required for efficient farming such as Irrigation system‚ recycling system‚ tractor‚ spray equipment‚ scales‚ meters and tools. Management The business operates as a sole proprietorship under the business named of FARM PARADISE. The management team also includes managers‚ plantation experts and
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[NAME] FIN534 – Financial Management 21 Oct 2012 1. Which of the following statements is CORRECT? a. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. b. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. c. One of the advantages of the corporate form of organization is that it avoids double taxation. d. One of the advantages of a corporation from a social standpoint is that
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idea to reality during the implementation stage? Student Answer: Capital/money Commitment Management expertise A college education Comments: 5. Question : (TCO 1) The single biggest disadvantage of sole proprietorships is which of the following? Student Answer: Limited resources Limited skills Unlimited liability Double taxation
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their respective roles? c. Professional Advisors Who will be your key advisors? How will they help you manage and grow your business? d. Business & Legal Structure Describe your legal entity (e.g.‚ Sole Proprietorship‚ C Corporation‚ S Corporation‚ LLC or Partnership). What plans are you going to be a provider for? e. Business Insurance What insurance coverage are you planning to have (general liability‚ life‚ overhead protection
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money. It is important that the business owner seriously considers the different forms of business organization—types such as sole proprietorship‚ partnership‚ and corporation. The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person‚ usually the individual who has day-to-day responsibility for running the business. Sole proprietorships own all the assets of the business and the profits generated by it. They also assume complete responsibility
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gov/content/employee-handbooks Small Business Administration (2014) Limited Liability Company Retrieved on August 24‚ 2014 from http://www.sba.gov/content/limited-liability-company-llc Small Business Administration (2014) Sole Proprietorship Retrieved on August 24‚ 2014 http://www.sba.gov/content/sole-proprietorship-0 Xinsurane 2009‚ Event Home Fireworks Liability Insurance‚ retrieved on August 11‚ 2014 from http://www.xinsurance.com/blog/event-home-fireworks-liability-insurance/
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protein and milk which is a good source of calcium it is nutritious yet affordable. The future product will be Fishy Yummy Yema also it has the mixture of fish. The business is registered at Securities and Exchange Commission (SEC) under Sole- Proprietorship. Sole Proprietorship is a type of business enetity that is owned and run by a single person. MILKYRON is manage by Nikki Y Pulumbarit as the general manager and Jessa P Alberto as the Assistant Manager. Product manager will be Nikki Y Pulumbarit
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Case Study Summary: There are various advantages and disadvantages of a sole proprietorship business. A sole proprietorship business may be run by family members and this can have a tremendous opportunity or a nightmare. Some families share success‚ challenge and opportunity in such business. Other families split apart and don’t even want to talk to each other. To improve relationships among family members we can establish a group like SOB which will offer a set of practical guidelines and
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