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    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…

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    For the Love of COFFEE! Business is all around us. When we go to the store we make transactions, when a business is going strong they are making profit, when a business it just being created it’s called a start-up. Business is not only a part of a lifestyle to other’s it is their life. It gives entrepreneurs a way to express themselves through their ideas. A way to see what they’ve created through their hard work to see what they’re worth. An entrepreneur is a person who takes the risk of…

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    in the intersection of one or more column for one or more records is not in 1NF. The non 1NF table can be converted to 1NF by restructuring original table by removing the column with the multi-values along with a copy of the primary key to create a new table. See Figure 8.4 for an example of this approach. The advantage of this approach is that the resultant tables may be in normal forms later that 1NF. 8.2 Describe an approach to converting a first normal form (1NF) table to second…

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    Classified Boards

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    declassification, then the activist or acquirer would typically remove all the directors or all the directors not elected by the activist or acquirer. Once the directors are removed, the activist or acquirer and its elected directors can either appoint new directors to fill the vacancies or (if possible) adjust the size of the board to their preference. Declassification through a corporation’s bylaw can be made more difficult if the bylaws contain a supermajority stockholder vote provision…

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    people together over delicious cupcakes and engaging in spreading the gospel and love of Jesus by means of cupcakes. The primary goal of this business entity will be to glorify God in all business transactions. This business will be located in the state of Virginia. II. Description and Explanation of Type of Business Entity The type of business entity, which would be best for Neverland Cupcakes to be operated as, would be a limited liability partnership. Firstly, an LLP would be the best option,…

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    Corporate Greed

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    When corporate governance becomes necessary as an organization begins to mature, the matter of trust is an important part of the process of its composition. Shareholders and owners, all entities of seniority, together, are always asking themselves, “How do I get a return on my investment without someone stealing all of the profits?” What businesses have learned is that someone’s word is not as valuable as their signature and laws have been put in place to uncover and prevent lies. Therefore,…

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    which could be the result of their BCG matrix. One approach that TM have failed to use is external growth through franchising which consist of the limit to how much a firm can grow internally is the result of: Lack of funds, inadequate knowledge of new markets and…

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    Duopoly Case Study

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    1. a) Three types of firms are: • Oligopoly- small groups/firms/businesses that manage a particular market. In this type of firm, usually 2 firms or more controls the market e.g. Banks and WASA. Characteristics of oligopoly are 1) run by smaller firms that is usually small but not smaller than the market. 2) Not easy to enter in that there are certain things to be done before you can enter 3) These firms have a tendency to sell the same or different products/services 4) Use a…

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    competitive and contestable market Perfect competition theory suggests that supernormal profit can only be earned in the short run before the entry of new firms but in the long run normal profit is achieved. This is illustrated in the diagram where a firm earn abnormal profit in the short run. However in the short run not all firms can make supernormal profit .Their profits depend highly on the position…

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    American scholar Colin Geikelsi believes that a judgment of whether the enterprise is a family business, not to see whether the enterprise with the family name, or whether there are several relatives in the top leadership of the enterprise, but to see whether there is a family owned, general who owns stocks and have many. This definition emphasizes the ownership of enterprises. Scholars Sun Zhiben will have the right to operate the enterprise as the essential characteristics of family business.…

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