Sole proprietorship

Khagendra Ghimirey Professor Tae-Hee Jo Intermediate Microeconomics 14th November 2017 Summary of an article “Continued Evolution of Corporate Power” by William M. Dugger A corporation is very different from other form of businesses like sole proprietorship, Partnership, or Limited Liability Company. For example, while other form of businesses have particular owner entitled to the company, corporations doesn’t have owners, rather it is formed by the shareholders. In other words, Corporation is…

There are two key terms of the statement, “Family-owned hotels and globalization”. For my perspective, family-owned hotels are a business that family members establish and operate together and pass on to the next generation so on and so forth. Moreover, bed and breakfast (B&B), service apartment and Airbnb, in my opinion, they are kind of private small family owned that offers an overnight room with limited facilities, service, and breakfast as well. In another key word, from my point of view,…

(SMEs) are the businesses, which employ less than 250 persons. Though they are largely unstructured businesses, they interestingly, account for the lion’s share of the workforce in virtually every economy. To a large extent, they are usually sole-proprietorship businesses, especially at the micro and small levels. Due to their small sizes, the large labour they employ, the ease of starting up and speed of adaptation to emerging trends and consumer tastes, SMEs have been touted as the drivers…

Each has advantages and disadvantages, depending on various circumstances. Running a new business as a sole trader is the easiest approach, since getting started costs very little and is simple. The sole trader does not pay separate income tax and is not subject to company regulation such as the Corporations Act (Birt, Chalmers, Byrne, Brooks & Oliver, 2012). Also, the owner can retain full control, have rights to make decisions and get all the profits, if the business underperforms, he can…

Business Environment The definition of business environment means all the external and internal elements that affect how the company works including employees, customer and management, supply and demand and business regulations. Business environment really affects the business it may be form role in the betterment of business or in the damaging the business. The term ‘business environment’ means external forces, factors that are not in the control of the business and they effect the functions…

Ⅲ. Consequences: where do companies save money when labor costs rise to the top? Could that be related on a long-term view? a) Manage making and increasing profits despite high labor costs in car industry, especially Toyota Labor cost is never a small part that influences the total cost in manufacturing industry, nor for all the industries. According to the latest EU labor cost statistic report , the labor cost in France (wage + benefits ) has raised from 31.2 euros in 2008 to 34.6 euros in…

Our partner in the fight against hunger, Jewish Family & Community Services (JFCS), runs a food pantry that caters to the needs of over 8,600 people in five counties. JFCS annually serves about 77,000 meals to low-income adults and families who struggle with hunger. In addition, the JFCS provides referrals to other community programs than can provide housing, clothes, childcare and health care, among other things (Cravey, 2015). While 77,000 meals sounds like a lot, it’s not enough to satisfy…

The pricier studios are usually found in the larger areas associated with the music industry, like New York, Los Angeles, Nashville, or Atlanta. Smaller areas, such as Montgomery, Birmingham, and Mobile tend to stay under $100 per hour, but usually cost more than $50 per hour, depending on the quality of the studio. Around Montgomery, the least expensive professional studio that advertises regularly offers digital recording services for as little as $50 per hour. The Cage will offer studio time…

. . an entire corporation, partnership, or other private organization, or an entire sole proprietorship.” (Flynn v. Distinctive Home Care, Inc., No.15-50314, p8). This provision issued by the Ninth and Tenth Circuit now allows Flynn and other independent contractors the right to file a lawsuit against their respective…

Philosophers have given various propositions as to how society as a whole has changed throughout the course of time. Engels first lays out the fundamental warfare between socialism and capitalism and then explains what he calls “Material conception of history” (Engels 1939, p. 292). In his materialistic history, he claims that the trade of products and their production is the basis of every social order (Engels 1939, p 292). Engels states that in every society that has permanently appeared of…