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    1.1 The purposes of different types of organisations considering their legal structure and types One of the most important decisions that any business would make at its inception will likely be the decision on the type of legal structure to use because the legal structure will determine a lot of things. For example, it will determine the amount of tax to pay, the kind of paperwork that will be needed and even the capacity to raise finances as well as the personal liabilities that you might have…

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    S-Corporation Case Study

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    A S-Corporation is a closely held corporation that makes an election to be taxed under Subchapter S. Generally, S-Corporation is pass-through entity, which means the corporation’s income and losses passes through to you and you must report those on your individual income tax returns. S-Corporation shareholder who is actively engaged in the business is owner/employee. As an employee, you receive compensations for your services and are only personally responsible for 7.65% social security and…

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    Finish Line Background

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    Baptise who is the general manager of Finish Line located in Valley Stream, New York. He is also the brand ambassador for the New York region of the company. Having a background in photography, Baptise is sent sneakers and apparel to photograph and promote before the product releases. Along with providing forum for consumers to purchase footwear, apparel…

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    Shania Jackson Case

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    opening a coffeehouse. Shania seems to have the support of her husband, sister, and neighbor, but in varying degrees of commitment and perspectives. Shania’s husband is willing to invest capital, but not help in the day to day operations. Her sister, a new Christian is eager to participate in the business, but her husband is completely against the idea. Shania’s neighbor is a non-Christian that thinks the business has potential to be successful among the various religious groups in the…

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    Nt1310 Unit 1 Study Guide

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    Question from Chapters 5,6,7,8 1. What UML diagram types do you need to represent the essential features of a system? A. Activity diagrams, which show the activity that make up a system process and the flow of control B. Use case diagrams, which show the interactions between a system and its environment. C. Sequence diagrams, which show interactions between actors and the system and between system components. D. Class diagrams, which show the object classes in the system and the…

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    veil is most often used as a tool to uphold statutory corporate formalities. It ensures that corporations are conducting mandatory meetings and are following proper statutory guidelines. It reinforces that shareholders are in fact held as a separate entity with the absence of conflict of interests. Second, piercing will also be used in order to remedy fraudulent misconduct, specifically “constructive fraud” that serves to disrupt the corporations’ legal contractual obligations…

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    Selecting the Right Business Entity Choosing the Right Business Entity for Maximum Growth The legal entity that you choose for your business is one of the most crucial decisions you 'll make when it comes to realizing tax advantages that help your business grow. If you 've already established your business, it might be worth reviewing your business structure and finances with a Certified Tax Coach, and it’s always important to consider your options when starting a new company. Even though it…

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    RV Practitioner

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    RV Consignment versus RV Rental Meta: RV consignment companies versus an RV rental share company where you're in control. As an owner, you'll be able to make your own rules with an RV share company. RV Rental Consignment An RV trader can offer rental consignment agreements to RV owners who don't want to place their coach in storage. With a growing number of people buying an RV or wanting to experience the RV lifestyle, there are more and more families buying campers, trailers and…

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    When it comes to relationships, Holden is a paradox in creating them. He often finds himself ostracizing the people surrounding him, believing that they are “phony” and spurious. While encountering numerous people during his three day journey, “he remains fundamentally withdrawn and isolated … most of his interactions are superficial, and many of his relationships are insincere” (Evans). Because of this, Holden fails at forming authentic relationships, being contradictory to his words and…

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    Partners in Business How does a partnership stay structured? Do you ever just sit there planning the name of your business you and your best friend are going to own once you both grow up? It should be a cupcake store…or a candy store…even better both! You both are going to be the best partners ever! If you are thinking that think again or at least think a little farther. Yes there is a possibility of that happening, but then there is a possibility that it won’t. All I’m saying is there is a lot…

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