Sole proprietorship

The taxation system for the individuals and the businesses is different as the incomes generated from the sole proprietorship business is charged as the personal income of the individual, the income being generated from the partnership form of a business is also charged as the personal income of the individual partner, as the tax is levied down on the partner’s income…

There are a small handful of national competitors, such as Woodhouse, LifeSpa, Red Door, Completely Bare, etc. (Joni, 2011). These spas are available in some states, but not all fifty, unlike many fast food chains; majority of day spas are sole proprietorships or partnerships (Allen, 2011). So understanding the competition is specific to the region that spa will be located, however, it is good practice to assume that there will be at least one spa that will offer opposition. Utilizing the…

real/personal property. iii. There is asset protection meaning the company has limited liability and whoever does business with the corporation must satisfy any obligations owed to them. iv. There is perpetual existence meaning if the owner of the sole proprietorship dies the business will not cease to exist. Once the corporation is formed it continues until it is dissolved by actions of the owners…

To: File From: Cesar Chiong Date: December 3, 2015 Re: The tax consequences of the proposed liquidation Facts Wheeler Electrical Supplies, Inc., is an accrual basis, and a calendar year C Corporation, has been in the business since 1983, in Texas. Wheeler Electrical has four individuals shareholders, Brian and Ashely Clay and their daughters Angela and Kristin, all of them possess the same numbers of share in wheeler’s incorporation qualified as §1244 stock. Angela purchased the 300 outstanding…

of the company without fear of losing their limited liability status. Lastly, there are advantages as to how the limited liability company is taxed. The Internal Revenue Service, for tax purposes, LLCs are treated much like a partnership or sole proprietorship and “pass through” the profits and losses to the owners who report them on their personal income tax returns. This benefit allows the business to avoid double taxation, where the business and the owners are taxed based on the same…

As a result, it is recommended to limit personal liabilities by selecting a Corporation Type over a sole proprietorship or a partnership. (Product-specific Liability Insurance at this stage of the business and product development would come at a very high price and therefore, the cost/benefit for a simple entity type constitution is not justified). The options…

What is a discourse community? What does it take to be a part of a discourse community? A discourse community describes the ways in which language use is defined by a certain community. Since there are many forms of communication, it is very imperative to understand how a discourse community communicate because the members basically have their own language and communication method. First you must obtain knowledge and have creditability in the particular field, topic, issue or area of interest…

Heterosexuality is the most orthodox predominant formation of society today. The concept of heterosexuality is socio-culturally constructed and, according to CJ Pascoe, it establishes an irredeemable understanding of masculinity. Pascoe conducts research on socialization revolving around high school students. In this essay, I am going to review how Pascoe’s analysis of the understanding of socialization of masculinity is structured and, more importantly, what she missed. According to Pascoe,…

requested, I have analyzed the pros and cons of few different types of business entities and evaluated which business type would be the most appropriate for you and your husband. There are many legal forms of business, from the simplest – Sole Proprietorship, Partnerships-General and Limited, Limited Liability Company to Corporation. The best possible options that would serve your needs are as follow: General…

o Identify and describe the three basic forms of business organizations. o What are the advantages and disadvantages of each form of ownership? Single Proprietorship- Are entities that are owned and operated by the same individuals and is unincorporated. There are no specific laws or regulations that govern the creation and operation of this business. The advantage of this is the ability to start up is easy and requires minimal capital. A disadvantage to the owner is responsible for all the…