Partnerships

If your LLC is either a single-member LLC or treated as a partnership, then the owners can not pay themselves salaries or wages. If you are a SMLLC, then any payments made to you, would be treated as distributions/draws, and you would pay self-employment taxes on the profit generated at the end of the year. If you…

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 *…

The National Standards for Family-School Partnerships presents standards that should guide the process of education for early childhood classes. There are six standards but this paper focuses on standard three and four, with the aim of explaining them and offering suggestions that can be incorporated into the standards in the preschool program. The basis and benefit for these standards in pre-school programs is an area of focus in this paper. Standard 3: Supporting Student Success Standard…

1 Introduction Public private partnership is when government forms partnership with the private sector, through this partnership activities that were done by the government are now being done by the private sector, and services that were delivered by the government are now being delivered by the private sector, however this does not mean that government does not play a role in the activities done or services delivered, but the government will oversee the quality of the service delivered or the…

increase trade possibilities by making international trade agreements. Currently, Europe and The US are trying to reach an agreement which should make trade more efficient and cheaper. This agreement is called TTIP, Transatlantic Trade and Investment Partnership. However, there are several perspectives on this agreement from the European point of view. On one hand people are in favour of it because it will stimulate the European economy. On the other hand others see it as a threat to our…

Sally Moolchan Tax Issue What are the tax consequence of distributions as applied to partnership, S corporation and C corporation? Conclusion The United State Internal Revenue Code was created to combine all the various laws relating to tax revenue into one concise document. It provided a simplify tax system for individual and business taxpayer. These tax codes help in determining the amount of tax you are required to pay and provide the basis for everything on your tax return. The IRC provided…

Here comes Limited Liability Company or LCC. LCC is a business form that will protect the investor 's investment. It is a form that will combine the taxation of partnership or part of a proprietorship with a limited company. But there are some cons about LLC. Even though it is an contract it is still not a iron clad. There still a chance that there investment won 't make there money back. So the most important information…

1.1 Purposes of different types of organisation Business Enterprise is of two types government institutions (non profit organisation)and individualistic institutions (money motive). Sole proprietorship, partnership and joint stock company including branches and voluntary association of people belong to individualistic institutions. Public enterprises run mainly to provide service to public. Industries can be classified into three types firstly manufacturing raw materials, secondly producing…

When working alongside a family it is easier to be able to empower them and work in partnership with them if you are working in a supporting role, ie almost in a preventative situation - a need has been identified and if it is addressed then potentially the family will not need any further input. However if this need becomes a reality and the children are put at risk of significant harm this can mean that the social worker would then need to become the authority figure in the situation. This can…

CONGLOMERATE Conglomerate integration occasionally also comes up in form of merger, acquisition or takeover. It involves the coming together of two or more companies in different industries, i.e. the business not related with each other or sometimes not within same industry. The integration defers to that of horizontally (producing the same or competing products) nor vertically (standing towards each other in the relationship of supplier and buyer or potential supplier and buyer) but possibly…