Limited partnership

An evaluation will be made to demonstrate how Jeb’s personal creditors would be able to collect on his debts and to seize the assets and/or profits from Arcadia Sports based on whether each business is a sole proprietorship, partnership, a corporation, and a limited liability company. First, under a sole proprietorship, Jeb’s creditors would be able to seize all of his personal assets, his home and all of the profits from Arcadia Sports. The reason for this is that a sole proprietorship is…

that were “interested in getting to sound, informed conclusions.” Yet millennials today are all about keeping everyone comfortable. That doesn’t sound like a bad ideal on the surface, but keeping everyone comfortable means that free speech has to be limited, and if it is unlimited, people are free to express views that hurt others. Undoubtedly, many millennials have experienced hurt due to the words of others. Kathleen McCartney, the president of Smith College, suggests that students are…

Business and Organisation Structures TASK 1 There are different types of businesses. Some of them are Sole Traders, Partnership businesses and Limited companies. Sole Traders are the types of organization which is run by a sole owner. There is one person in charge. The sole trader takes the decision of expanding the business, how to operate and what kind of service to provide. The benefits of sole traders is that the owner gets all the profit and have total control on how to run the business.…

Typically, closely held corporations are faced with limitations on the amount of investors that are accepted to be on board as business members. Additionally, closely held corporations are private enterprises which do not openly trade their stocks. There are various advantages and disadvantages of a closely held company from a tax reporting standpoint. Due to the organizations structure, the need for accountability for every dollar spent on failed attempts is not necessary. A major tax advantage…

The Limited Liability Company (LLC) is the newest form of business legal structure that allows owners the protection from personal liability that is provided to the corporate structure and the pass-through taxation of the partnership. Laws regarding the LLC are evolving, and some issues are complicated. Most certainly, discuss this option with an attorney and/or an accountant to determine the best course of action for your business. An LLC has its own advantages and disadvantages Advantages *…

Our first #AskVic question is, can a member of a LLC receive a salary for their services? A Limited Liability Company (LLC) is an entity type that is formed at the State level. If the LLC only has one member, then it is called a single member LLC (SMLLC), which is a "disregarded enity," meaning that the Internal Revenue Service (IRS) does not recognize it as a separate entity, and the member would need to file a Schedule C on their personal tax return to report the income and expense activity…

Administration as an activity is as old as society itself. As a process, it occurs in both public and private organizations. It occurs in such diverse institution settings as a business firm, labor unions, religious or charitable organizations, educational institutions and so on. Its nature is affected by the sphere with which it is concerned. Administration is commonly divided into two types, public and private administration. As an aspect of government activity it has existed since the…

5. Recommendations for Mehta: Mehta is the only person who has connection with both the groups such as the Bonazzi and Indo group. Mehta being the CEO of Bonazzi is appointed for a purpose. He should understand the Indo group and share his views to the Bonazzi Goup and vice-versa. He can think from both their views and make the best decisions. HE should create, communicate and execute a clear vision, strategies and goals so that the future of the Joint Venture is bright. He also should make…

Chaymae Essaid 61418 February 2, 2016 Public Limited Corporation (La société anonyme) The public company is a business company by its form with any possible purpose. It is made for the large companies and the associates, called shareholders, which are responsible for the social debts only concerning the amount of their contributions. The legal characteristics of the company is very marked, its operation is narrowly regulated by law 17/95 of the 8/30/96 published in the B.O. n° 4422 of the…

Personality and the Board 1.1 Upon incorporation, a company is recognised as a legal person with its own rights and obligations. Although, being a legal entity, it cannot operate without its organ namely, the Board of directors. The principle of limited liability flows from the concept of separate legal personality in that the assets and liabilities of the company belong to the company and not to its shareholders and directors . 1.2 Directors owe fiduciary duties to the company and are…