Legal Business Form Implemented at Treme
Legal Form of Business for Treme
When an entrepreneur starts an industry, he or she should always have a vision of what their business should be like and in most cases, this is done through looking at the positives that will bring success and good fortune to the business. It is very essential for an entrepreneur to have information and know how to use good production practices since this is what brings into the open success to any company or professional, including the design firm and the industrial designer. When an entrepreneur has focused on what his business would like then it is very important consider the fact that there could also be unfavorable conditions that would hinder the success of the business (Spadaccini, 2007).
Some of the disputes that a business might meet are such as insufficient income, disaster among other eventuality and this means a…...
mlaReferences
Fullen, S.L. (2005). Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan & Feasibility Study. Atlanta: Atlantic Publishing
Company.
Siddiqui, S.A. (2006). Managerial Economics and Financial Analysis. Chicago: New Age International.
Spadaccini, M. (2007). Business Structures: Forming a Corporation, LLC, Partnership, or Sole Proprietorship. New York: Entrepreneur Press.
AC-corporation would best serve these concerns.
Your current sole proprietorship has plenty of profit to warrant the expense of a more complex form of business. You're also taxed at the highest personal income tax rates.
Your sole proprietorship leaves you wide open for liability problems putting all your personal assets at risk along with your business assets. Transforming to a corporation you'll need to still carry sufficient insurance but any losses will be restrict to your corporation's assets.
The corporation has unlimited continuance since it has its own legal identity. Your death or incapacity won't terminate your business.
You can maintain control of your corporation by owning the majority of outstanding shares. This way you control who will be the management officers and can appoint yourself as one. Through your control you can set all salaries for yourself and others and determine how much the corporation will retain earnings rather than distribute as…...
Business Forms
One of the most important decisions for entrepreneurs is determining the most suitable form of business ownership when setting up a business. For Adam and Laura who are seeking to establish a pet grooming shop named Dazzling Doggies Day Spa, the determination of a suitable form of business ownership is critical towards ensuring the success of their business venture. When making the decision, Adam and Laura need to consider various factors surrounding their business venture including the fact that Beth, Laura’s mother, would like to contribute towards the startup costs without being involved in the everyday business operations, but wants a share of the business’ profits.
In light of these factors, there are two considerable options for Adam and Laura i.e. a corporation and limited partnership. A corporation is a form of business ownership in which the business is considered as a legal entity that is separate from its shareholders.…...
mlaReferences
Manjunatha, K. & Ahamed, M.N. (2013, Sep-Oct). Pertinent Relationship of Unethical Practices of Business on Company’s Credibility. IOSR Journal of Business and Management, 13(2), 18-22.Matheson, J.H. (2002). Choice of Organizational Form for the Start-Up Business. Minnesota Journal of Business Law & Entrepreneurship. Retrieved from http://scholarship.law.umn.edu/cgi/viewcontent.cgi?article=1111&context=faculty_articles
Apex Training Company
A sole proprietorship is a business that has no separate legal entity from the owner. This structure made sense initially when the business was just Martha, working by herself. Whatever income that the business earned was income that she earned, so it flowed through directly to her. More important, the expenses associated with the business also flowed through. The result was probably some tax savings, because at that point the business was not making money, and Martha would not have paid income taxes.
Today, there should be concerns about running the business as a sole proprietorship. First, in most jurisdictions the corporate tax rate is lower than the personal one. At $4.2 million in revenue, there may be profit that is fairly significant. As the business grows, Martha will pay significantly more taxes on the company's income at the personal rate than if it was taxed at the business…...
mlaReferences
Burney, A. (2016). Can a sole proprietorship have employees? Houston Chronicle. Retrieved April 24, 2016 from http://smallbusiness.chron.com/can-sole-proprietorship-employees-14423.html
Entrepreneur (2016). Sole proprietorship. Entrepreneur Magazine. Retrieved April 24, 2016 from https://www.entrepreneur.com/encyclopedia/sole-proprietorship
Investopedia (2016). Limited liability company -- LLC. Investopedia. Retrieved April 24, 2016 from http://www.investopedia.com/terms/l/llc.asp
Business Plan
Business Financial Plan for Sweet Tooth Treats
Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.
Business Start Up Plan
Product
The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location, and in bulk for gifts…...
mlaReferences
Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4
Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan
Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business
Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm
However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience.
Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain from doing so, as that inquiry could be used against the company in a discrimination suit should Michelle not be hired. Although ethics are not encompassed in the law, from an ethical point-of-view it would be irresponsible for SureBuild to hire Michelle, as working as a jackhammer operator would put the fetus at risk, there could be legal action taken against the company as a result for failing to provide the fetus with adequate duty of care.
Eric is experienced, but…...
mlaWorks Cited:
All Business. (2010). How should you structure your business? All Business. Retrieved October 30, 2010 from http://www.allbusiness.com/business-planning/business-structures-limited-liability/1679-1.html
ADA.gov. (2005). A guide to disability rights laws. U.S. Department of Justice. Retrieved October 30, 2010 from http://www.ada.gov/cguide.htm#anchor62335
Pregnancy Discrimination Act (1978). Retrieved October 30, 2010 from http://employment.findlaw.com/employment/employment-employee-discrimination-harassment/employment-employee-pregnancy-discrimination-top/pregnancy-discrimination-act.html
USDL. (2010). Age discrimination act of 1975. U.S. Department of Labor. Retrieved October 30, 2010 from http://www.dol.gov/oasam/regs/statutes/age_act.htm
Business Expansion
While some entrepreneurs have a valid reason and perhaps valid opportunities to expand their businesses, such a move could have its own unique pitfalls if not well executed. Some of the things to watch out for when expanding a business entity include, but they are not limited to, the most appropriate business form to embrace, the best financing avenues to explore, and the most workable long-term strategy to implement.
There are a number of steps that Kelly should take to prioritize her business growth strategy. One of these, according to Liabotis (2007) is implementing a valid customer growth strategy. Some of the customer growth strategies that Liabotis mentions include, core business driven growth, the sub-segmentation of customers, and further exploitation of adjacent opportunities. Kelly also ought to enhance her market knowledge. This she could do by sourcing for insight from both existing and target clients and familiarizing herself further with…...
mlaReferences
Dahl, D. (2010). How to Develop a Business Growth Strategy. Retrieved 19th July 2015, from http://www.inc.com/guides/small-business-growth-strategies.html
Liabotis, B. (2007). Three Strategies for Achieving and Sustaining Growth. Retrieved 19th July 2015, from http://iveybusinessjournal.com/publication/three-strategies-for-achieving-and-sustaining-growth/
Interrelationships of Major Fields of Business Management
The purpose of this paper is to explore the interrelationships of nine key areas of a business, and the synergism that results from the interactions of these key business areas. These interrelationships of all nine key areas of a business create a dynamic, successful, and responsive business by capitalizing on the whole instead of the component parts. To illustrate how synergism arises from these interactions, a fictitious business will be used. The business is a new, small retail business that caters to outdoor enthusiasts such as skiers, climbers and hikers. The retail business is located in the Rocky Mountains, and is called Rocky Mountain Outfitters (RMO). Business arises primarily from store traffic, although a limited web presence provides the opportunity for orders to be placed by mail, phone (voicemail), email or web.
RMO was established in the spring of 2004 as a sole proprietorship. This…...
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…...
mlaWorks Cited:
Falk, T. (2012). Detroit turns shipping containers into condos. Smart Planet. Retrieved December 4, 2012 from http://www.smartplanet.com/blog/bulletin/detroit-turns-shipping-containers-into-condos/5900
Food Marketing Institute. (2012). Supermarket facts. Food Marketing Institute. Retrieved December 4, 2012 from http://www.fmi.org/research-resources/supermarket-facts
Greene, B. (2012) the Farmery. Kickstarter.com Retrieved December 4, 2012 from http://www.kickstarter.com/projects/farmery/the-farmery
Imlay, T. (2006). Challenges in today's U.S. supermarket industry. Microsoft. Retrieved December 4, 2012 from http://msdn.microsoft.com/en-us/library/aa479076.aspx
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
F
F1
F2
F3
G1
G1(a)
G1(b)
G1(c)
Business Identification
Keys to Success
Company Summary
Industry History
Legal Form of Ownership
Location and Facilities
Management Structure
Products and Service
Market Analysis
Target Market
Industry Analysis
Competitive Analysis
Market Strategy
Ps of Marketing
Price List
Selling Strategy
Sales Forecast
Implementation Strategy
Overall Strategy
Implementation
Control Plan
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial Assumptions
Breakeven Point
Financial Position
Capital/Investment Needs
Conclusion
eferences
Executive Summary
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures. Among other matters, divorce is also a critical issue in individuals' lives. In addition to family conflicts and break-ups, divorce also brings serious financial problems for both the parties (Women Advisors Forum, 2011). Therefore, it is very important to have advice from financial planners…...
mlaReferences
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
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One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…...
Business Plan
Description of the Business
The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.
The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where indulgences are small,…...
mlaReferences
Bailey, E. (2013). Pros and cons of incorporation. Suite101.com. Retrieved November 14, 2013 from http://suite101.com/a/pros-and-cons-of-incorporation-a42401
FASB. (2013). International convergence of accounting standards. Financial Accounting Standards Board. Retrieved November 14, 2013 from http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156245663
IRS.gov. (2013). Publication 946. Internal Revenue Service. Retrieved November 14, 2013 from http://www.irs.gov/publications/p946/ar02.html#en_US_2012_publink1000270861
NCA. (2013). Profile of the U.S. candy industry. National Confectioners' Association. Retrieved November 14, 2013 from http://www.candyusa.com/content.cfm?ItemNumber=1607
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move.
Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages caused by consuming, or using unsafe goods or services, brought by employees damage caused by injury at work, or brought by environmentalists for damages on the environment either by water polluting, air pollution, or by harm to habitats and species of animals and plants (Weber & Lawrence, 2011).
In order to start a coalition with the stakeholders, the CEO needs to hold a first meeting with them. The meeting should have some characteristics, which include optimism, have energy, and signal a…...
mlaReferences
Weber, J. & Lawrence, T.A. (2011). Business and Society. Stakeholders, Ethics, Public Policy,
3rd ed. Unites States, USA: McGraw-Hill Company.
Kokemuller, N. (2013). How Do Stakeholders Influence Business Activities? Chron. Retrieved from http://smallbusiness.chron.com/stakeholders-influence-business-activities-18754.html
Loewenstein, M., Holt, C. & Rabinowitz, P. (2013). Identifying and Analyzing Stakeholders and Their Interest. Community Toolbox. Retrieved from of contents/chapter7_section8_main.aspxhttp://ctb.ku.edu/en/table
Business
Pros and Cons of Partnership as a form of business
Partnership is a form of business where one or more individuals come together for the realization of a common economic goal. As with other forms of businesses, there are numerous pros and cons that come with it. One of the primary advantages is the pooling of resources that can be used for the achievement of the common goal. These common resources can include capital as well as skills needed for the successful execution of the business objectives. Another advantage is the lower rate of taxation. The profits from the business is treated as personal tax and so, the slabs are much lower. Lastly, it offers a high degree of flexibility and is simpler than many other forms of businesses such as corporations.
Partnership comes with its disadvantages as well. Firstly, partners have a joint and several liability which means they are liable…...
mlaReferences
Hanson, Mary. (1998). The Business Adviser Partnership: The Pros and Cons. Bizadvisor.com. Retrieved from: http://bizadvisor.com/PartnershipProsandCons.htm
US Small Business Administration. (2012). Retrieved from: http://www.sba.gov/
Warren, Carl; Reeve, James; Duchac, Jonathan. (2011). Managerial Accounting. California: Cengage Learning.
Moore, Karl. Pareek, Niketh. (2010). Marketing: The Basics. New York: Taylor & Grancis.
Business Plan
The business that I am going to start is a small coffee microroastery and shop. The company will perform two basic functions. The first is a product function, the roasting of coffee beans. Green beans will be received by the company, roasted, and then both used in the shop and made available for a variety of retail channels. The second function will be a service function, based on the production and serving of beverages and light snacks. The staffing plan will be simple. The owner/manager/roaster will perform most of the management tasks associated with the shop. There will be an assistant manager who doubles with barista duties, as well as 4-6 part-time staff members, filling 3 FTEs in the barista/service function. This plan is based on experiences at other, similar operations, in addition to meeting a few other needs. One is the need to keep costs down, and the…...
mlaWorks Cited:
Inc. (2000). Cash vs. accrual accounting. Inc. Magazine. Retrieved November 13, 2012 from http://www.inc.com/articles/2000/04/19194.html
IRS.gov (2012). Limited liability company (LLC). Internal Revenue Service. Retrieved November 13, 2012 from http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Limited-Liability-Company-%28LLC%29
KPMG. (1999). Internal control: A practical guide. KPMG. Retrieved November 13, 2012 from www.ecgi.org/codes/documents/kpmg_internal_control_practical_guide.pdf
Perez, W. (2012). Types of business organization. About.com. Retrieved November 13, 2012 from http://taxes.about.com/od/taxplanning/a/incorporating_2.htm
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