Bruce And Bob's LLC: Case Study

Farnum Enterprises, LLC, a business entity based in New Jersey formed in 2015. It's business intent solely on Proverbs 27:17, “As iron sharpens iron, so one person sharpens another.” It is this Kingdom principle in which the Iron Sharpens Iron [I.S.I.] Project is conceptualized.

Limited Liability Company (LLC) combines the tax advantages of a partnership with the limited liability aspects of a corporation. LLC’s are governed by the Uniform Limited Liability Company Act (ULLCA). All members of the LLC enjoy limited liability unless there is serious misconduct is committed by said member(s), or a member fails to follow through on an obligation. All this should be outlined in your preformation contract. You will have more flexibility with taxation and options on how to manage the company. It would be advisable to also have an Operating Agreement. This will dictate how management will be hired and fired, division of profits, how to transfer interest in the event a member chooses to opt out or dies. What steps to take in the event of dissociation of a partner, and if it causes the dissolution of the LLC. Most importantly how the members vote in the LLC. The weight of the members vote is in accordance with the member’s capital

When choosing a business structure, it is important to understand the kind of liability that you might face. For example, in the case of Jeb and Josh their business venture is very risky, they should choose a business form that minimizes any potential personal liability. I think that a limited liability company (LLC) allows them the maximum protection for their personal assets without the formalities of corporate bylaws, directors and shareholders.

The Gage Law Firm, LLC is a law firm that is located in Decatur, Georgia. Their areas of practice include criminal defense, wills and estate planning, driving under the influence, mental illness, and LGBT community. The Gage Law Firm, LLC has criminal defense specializations such as domestic crimes and family violence battery, driving under the influence of alcohol or drugs, driving and traffic offenses, drug offenses, theft crimes, drug and alcohol addiction, etc. Their Attorney at Law, S. Derek Gage has been practicing law in Georgia for more than 10 years. Attorney S. Derek Gage attended The University of Maryland, College Park to earn his Bachelor’s Degree. After that, he studied at the Emory University School of Law and graduated in 2003

When looking at different legal theories we can easily eliminate negligent hiring as a cause as the employee Sammy has had a very clean track record and therefor this was an unforeseeable event. Reasonalbe care was taken by Beach Days LLC when it came to hiring its employees and part-time employees such as Sammy. As this situation focues on two different stand points. Making it harder to place any direct blame. Sammy is at fault for not abding the the rules and regulations of the road. Something he personaly is in control of. Running a red light and therefore causing this accident is enitely Sammy’s fault. Though we cannot eliminate Beach Days LLC from the exquation as they had employeed him and therefore played a role in pacing him behind

The following case analysis will assess Coach Inc. and its strategy in the accessible luxury brand goods market. The coach strategy focuses on its luxury rivals in matching key quality styles while offering it at a cheaper price. The company offers most products at a 50% off discount price less than other brands which gives them a competitive advantage pertaining to its customer base. Coach marketed its products to middle –income consumers desiring taste of luxury, but also affluent and wealthy consumers with means to spend considerably more on a handbag (Gamble, 2012. P.C-73) .The Company also has several other strategies such as to increase global distribution, improve same store sales productivity and continue its multi-channel business model which includes indirect whole sales to third party retailers but also focuses on direct consumer sales. Coach has done well in the luxury goods industry but the companies profit margin is still below the levels achieved prior to the onset of a slowing economy in 2007 ( Gamble, 2012. P.C-73.The Company had experienced a decline in sales as they are unsure if the company recent growth could remain constant and maintain their competitive advantage with other successful luxury lines Michael Kors, Salvatore Ferragamo, Prada and Dolce & Gabbana.

1. To be completely honest Alan is a white male. Alan will never know the struggle of being black and most certainly not the struggle of being a woman regardless of race. Gretchen seem to focus on the quality of her work, and Alan did not care because he most likely does not value quality in his person life. I am not sure what I am saying, but Alan may have issues with his family because I noticed the way he looked at Bennett discussing his family's problems. Alan is the type of person who prefers to be at work than to be around family or even friends, and his way of doing things seems to overshadow Gretchen's and Bennett's customs and beliefs regarding business and

The business world is a tough and expensive venture. Restaurateurs, Commercial Investors, and Chain Organizations loose money every minute that they have to wait for the completion of their commercial construction. To get the most out of your investment, rely on a qualified team of professionals to deliver you the best turnkey construction available. When fast reliable construction work is your desire, call upon Rockby, Inc. to service all of your construction needs.

Tax Laws: An LLC can elect under the check-the-box rules to be classified as a corporation. So it transfers all assets and liabilities to the corporation in exchange for the corporation’s stock and then (2) distribute the stock to its owners in complete liquidation (Regs. Sec. 301.7701-3(g)(1)). The deemed transfer to the corporation is tax free, assuming Sec. 351(a) applies and the LLC’s liabilities do not exceed the basis of its assets. The LLC can then elect S status, assuming that its members are eligible to hold S corporation stock (Regs. Secs. 1.1361-1(c) and

Grandel Group LLC would like to request a full refund and complimentary service due to events that took place on April 15th, 2016. On this day, your café was under contract to cater for Grandel Group LLC. Although the food that was delivered was delicious, the agreement was not completely fulfilled.

One of the most defining elements of a new business is the business structure it assumes. This will determine the liability of its owners, how the company and its owners are taxed, how profits and losses are distributed and the company's management structure. For this reason, it is essential that new companies evaluate each type of business structure as it applies to their company's needs and chose a structure accordingly. In the instance of Joe and Jill Smith, a married couple who are opening a restaurant, a limited liability company would be the ideal structure for their business as it allows the owners to be taxed only once, provides liability protection for the owners, allows the business to grow while staying family owned and the paperwork is simple. As a limited liability company, the Smiths will benefit from the pass-through tax structure unique to this form of organization. According to the Internal Revenue Service, "the federal government does not recognize an LLC as a classification for federal tax purposes. An LLC business entity must file a corporation, partnership or sole proprietorship tax return" (Internal Revenue Service, 2012).

Limited liability companies (LLC) or limited liability partnerships (LLP) represent flow-through entities that are taxed to the individual owners. Both types of entities represent companies that are not automatically classified as an S corporation. Under the “Check the Box” system, each must make an election to be taxed as an S corporation

LLC: LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation. The limited liability company (LLC) offers an alternative to corporations and partnerships by combining the corporate advantage of limited liability protection with the partnership advantage of pass-through taxation.

The O.M Scott & Sons Company has had continued success in the grass seed and lawn care industry. The company started in 1868 as a local company in central Ohio, focused on selling grass seed only. The company saw great opportunity in the lawn care industry, so it decided tot take action. O.M Scott & Sons grew into a national company that distributed its products by mail, and eventually sold to retail stores nationwide in 1959. The company was able to grow expanding the company’s field sales force. This increase in sales force led to a continued increase in sales and profits, which allowed the company to invest in R&D more heavily. This increase in R&D led to better products, which further increased sales and profits. The objective was to service the various retailers across the U.S with adequate inventories, especially in the high seasonal peaks. This was difficult for most of the smaller sized dealers the company was selling to, so Scott had to fund the dealer inventory buildup by itself.

The level of which Baker knows his team varies from ‘word on mouth’ and reputation, from prior conflicts and to prior effective working relationships. Given that the group members don’t know each others well, and/or are competing, Baker will have a tougher task to bring the team together