Limited

There are many different types of business to consider when an individual starts their own business. The three main types are a Sole Proprietorship, Corporation and a Limited Liability Company. There are also many areas of business that an individual could pursue. Personally, if I could open my dream business it would be an equine (horse) boarding business ran by my husband and I. This business would involve the boarding of horses for extended periods, giving them quality care while their…

1. The name cannot be the same as an existing LLC in your state.1 2. The name must specify that your organization is an LLC (ex: "LLC" or Limited Company").1 3. The name cannot contain words prohibited by your state (ex: "bank" or "insurance").1 B. What state licenses & permits are needed & which state agencies do you need to register with? 1. File Articles of Organization with the South Carolina Secretary of State’s Office.2 2. Register with the South Carolina Department of Revenue (SCDOR) for…

Corporation is a business separated from its owners. Corporations can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. Advantages of a corporation is it is a limited liability that protects owners from losing more than they invest. The business can achieve large sizes due to marketability of stocks. It receives certain tax advantages. Has greater access to financial resources allows growth within the company. Attracts employees with specialized…

BCS/CD-700 Michigan Limited Liability Company Form Form BCS/CD-700 Michigan Limited Liability Company carries articles necessary for the formation of Limited Liability Company in the Michigan State. The form has 5 articles governing various features. Filing duly completed form with the Bureau of Commercial Services is necessary for its execution. However, it attracts filing fees of $50. Expedited review and filing facilities are available at higher filing fees. The document is stored…

I would advise Shania that the current economic environment the best option for the formation of her company is that of a Limited Liability Company, or LLC. This is because it offers the pass-through tax status and the safety of liability protection of a corporation. This would allow her to only be taxed once like a sole propriety or a partnership, which helps small-business owners keep their earnings. However, remove the personal liability as any action against the business can only act…

1.0 Company Description 1.1 Legal Form of Business Power Hour Fitness will be a Limited Liability Company (LLC) consisting of three members, Nicole Bauman, Salena Kreitler, and Kelsey Schmidt. This form of business will provide a great advantage for Power Hour Fitness as it is a hybrid of certain features of a corporation and a partnership. As a Limited Liability Company, the three associates avoid major risks such as within a partnership where partners are responsible for all debts. Instead,…

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…

owners file taxes they can actually report their share of net business losses or profits. Limited partnerships allow liability to be limited for both parties, which is beneficial if there is a lawsuit. By having limited liability the limited partner is only liable for capital contributed to the business, and their personal assets cannot be seized by creditors for costs the company potentially still owes. Limited partners will also be able to share in profits and losses without having to…

The Roots of Limited Government The United States of America is governed by limited powers. It works through a written document named the Constitution. The Constitution tells what the government can and what it can’t do. This helps with certain situations that occur in our country and has for many years. The Constitution is an important document that is to have power and a reason. The people who put the Constitution into action are the workers of the Supreme Court. The Bill of Rights subjoin to…

Limited Government was part created by the Bourgeoisie, a social class that was form in and around the 16 and 17 century. At the beginning the bourgeoisie placed formal and constitutional limits to the government. Even though, the original reason for those limits was to favor the Bourgeoisie class. This was put in place to stop the control of government by the aristocracy. Later it served a greater purpose, it keep the government in check and aid on the protection of the citizens. Part of…