Startup company

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 *…

business, they can form a sole proprietorship, partnership, limited liability company, or a corporation. A sole proprietorship refers to a business that is owned and managed by one person. A partnership is a business where two people agree to be co-owners of a business and general participate in management and share the incoming profits. A limited liability company is relatively new in terms of business formations. It is a company that is a combination of a partnership and corporation. A…

be quantified, it is very difficult to measure and quantify for the benefits that come along with SOX (Jahmani & Dowling, 2008). According to Suraj Srinivasan from Harvard Business School, “Markets have been able to use the information to assess companies more effectively, managers have improved internal processes, and the internal control testing has become more cost-effective over time.” (Hanna, 2014). Steve Schwarzman, CEO of private-equity juggernaut Blackstone, recently said that…

Business Concepts: Restaurant Style Since I was about nine years-old, I have always wanted to own my own restaurant. I am currently taking the steps needed to achieve my goals. While in college, I have learned so much about business and all the different types. I realize that I cannot just open my restaurant overnight, so learning and observing everything that I can will benefit me in the long run. So far the major business concepts of owning a restaurant are: forms of business ownership,…

In 2002 the introduction of the concept of single member company is to facilitate sole proprietorship to get corporate status, giving them certain privileges. Single Member Company: It is a company which is formed by a single individual, limited by shares with one member. It is a subclass of a private company. In SMC there is one owner and also a single director which is owner. They required auditor under role of 1984. The secretary can be a member other than the secretary. They have various…

tax rate then companies and individuals. A limited liability company (LLC) does not have stockholders, it is comprised of members that have an interest in the company but do not have any personal liability if the company were to be sued. A LLC must file an Articles of Organization with the Secretary of State in order to become a limited liability company. A sole proprietorship is a business that one person owns. They are personally liable for the company, whereas, if the company would be…

Good Morning Al, Jay Patrick should send out official meeting minutes however, entered into a clarifying discussion as requested by Patrick; explaining why the Kiosks are part of the NCDOT PCI Cardholder Data Environment. Basically, reiterating what you and I stated prior as well as our PCI Assessor, which is that because we control the systems and are directing the public to utilize same for payment card processing, such makes them PCI devices (processing, storing, or transmitting). Moreover,…

is very important. Many companies today suffer a lot of loss from disgruntled employees, customers and competition with other companies. A number of companies have had to file bankruptcy with employees, investors and consumers suffering the most from the egregious and fraudulent activities. The effects of these companies’ mismanagement has been so troubling that congress passed legislation in 2002, called the Sarbanes-Oxley Act of 2002 (SOX); which requires public companies to have established…

In the modern world, there are many different countries with different systems of government. In Aldous Huxley’s utopian world, there is only one country, the “World State,” and one government, led by Mustapha Mond and the world controllers. This government system works and runs as a well-oiled machine with very little disruptions, which contributes to its success as a government. For the people of this “World State,” their government and habitations are a utopia, as is evident through the…

Waffle House are the associates and employees of the company. Waffle House stock is not open to the public and most stock is purchased by employees or given to employees based on promotion. The company website says that Waffle House stock has increased in the past 60 years and the generation of stock is solely based on the performance of restaurants. According to privco.com, Waffle House has a 4% Annual Revenue growth rate per year. The company also has a 4.3% Employee Growth Rate. The 3 year…