Database Entities and Attributes CMGT\555 April 7‚ 2014 Professor Jennifer Mroczko Database Entities and Attributes A database as documented according to "Dictionary.com" (2014)‚ is a “systematized collection of data that can be accessed immediately and manipulated by a data-processing system for a specific purpose.” These collections of data are used to make searching for a needed product or service easy for a user. Each of these databases is comprised of a number of entities and attributes
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Section 2 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 5. One can join a partnership even if all other partners do not consent. answer: F PAGES: Section 2 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 6. The partnership is a pass-through entity and a taxpaying entity. answer: F PAGES: Section 2 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 7. The majority rule controls decisions that significantly affect the nature of the partnership or that are outside the ordinary course of the partnership business
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creditors. It is one that has no separate legal existence from its owner. There are no legal requirements to operate a proprietorship; the law treats the legal obligations of the proprietorship as those of the owner. Since there is no separate legal entity‚ the profits and losses of the business flow through to the owner‚ as do any legal liabilities; the owner is personally responsible for all legal obligations of the firm and her personal wealth is at risk. It can consist of two persons say for instance
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Apollo Villapando Villapando 1 Business 166 Leah Peer 04/04/18 Test #2 1. A) Sole Proprietorship- A business organization in which one person owns and‚ often‚ operates business. General Partnership- A business organization in which two or more owners agree to share the profits of the business but are also jointly and severally liable for its debts. Limited Partnership- A business organization
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and 2.9% for Medicaire (hospital insurance) CONCEPT REVIEW/ SOLE PROPRIETORS Definition: A sole proprietorship is the simplest form of business. The owner of the business‚ the sole proprietor‚ is the business. There’s no separate legal entity. Formation: There are few‚ if any‚ legal formalities required to form a sole proprietorship. If the sole proprietor hires employees‚ operates a regulated business‚ uses a trade name‚ or does business in other states‚ there may be laws that
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INTRODUCTION Nestle It is the world’s number one food company. The world leader in soluble coffee‚ mineral water‚ dairy and infant nutrition‚ and proactive in any other categories. The best brands of the organisation comprised of: Nescafe‚ Perrier‚ Nestle and Buitoni amidst others. To put in some numbers: The net benefit of the company was $3.4 billion and an annual sales of $48.2 billion. The global market share of the company in foods and beverages industry is 1.4% and processes and branded
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THE COMMON PROBLEMS IN BUSINESS ARISING FROM SOLE PROPRIETORSHIP AND PARTNERSHIP AMONG BUSINESSMEN IN TAGUM CITY ____________________ A Research Paper Presented to the Faculty of the College Department ____________________ In Partial Fulfilment of the Requirements in English 2A ____________________ By: Maghanoy‚ Laira M. Luma-ad‚ Chriselle Mae P. Lumotos‚ Flora Mae D. Chapter 1 THE PROBLEM AND ITS SETTING Background of the Study Sole proprietorship and partnership
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LIFTING THE CORPORATE VEIL (i) Introduction (ii) Principles of Corporate Personality (iii)Statutory Exceptions (iv)Common Law and the Mere Façade Test (v) Agency and Groups (vi)Conclusions INTRODUCTION 1. When a creditor discovers that a debtor company is insolvent‚ the creditor will frequently want to recover the debt from a shareholder‚ director or associate of the insolvent company. There exist various statutory and common law mechanisms by which the corporate veil can be lifted and
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tax identification numbers‚ and certifications to begin conducting business. In contrast‚ the requirements to start a LLC are quite a bit more extensive. Although less extensive than other corporate entities‚ establishing and maintaining an LLC requires that the owner form and register the LLC entity with the appropriate state agency. Next‚ the owner must draft and file articles of organization with secretary of state’s office along with paying a substantial filing fee that can be on the upwards
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Introduction This essay will examine the legal standing of the doctrine of ’separate legal personality ’ as it was developed in Salomon v. Salomon & Co Ltd [1897] AC 22. Even though this doctrine is the stone head of the English company common law‚ the courts introduced several exceptions which undermined the ’veil of incorporation ’. The exceptions were firstly introduced in the mid-60s by Lord Denning in Littlewoods Mail Order Stores Ltd. V IRC [1969]‚ and allowed the court to lift the veil
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