Shanian Llc

| It is impossible to add additional owners and to pass on business, business dies with owner. A single owner

Betty Wilson’s venture of opening a Christian Coffee House in Belmont, NC, presents her with abundant opportunities in selecting a business form. She is considering the following types of entities: 1) franchise, 2) sole proprietorship, 3) partnership of some sort, 4) corporation of some sort, 5) LLC, or 6) even as a joint venture. We will briefly explore each business option and give Betty concise recommendations as to what business form to pursue as well as what business partners to engage.

10. Dan hires Eve to perform at Dan 's Club, but Eve later breaches the agreement to accept a higher-paying job at First Star Arena. Dan files a suit gainst Eve. The court will most likley: award damages to Dan.

BIS did not breach duty of care because according to "N.Y. GOB. LAW 18-105: NY Code -Section 18-105: Duties of skiers"  10-11, each skier shall have the duty not to willfully stop on any slope or trail where such stopping is likely to cause a collision with other skiers or vehicles and to yield to other skiers when entering a trail or starting downhill. Craig neglected his duty to both.

Therefore, I wanted her to know that a franchise is a “business arrangement between an owner of a trade name or trademark and a business that sells goods or services under the trade name or trademark” (Kubasek et al,.2016). Moreover, this arrangement usually requires the business owner to pay a fee, and a percentage of gross sales usually between 3-10 percent in return for the franchise’s reputation, the use of strong national or global advertising, merchandise, supplies, equipment, and intensive training by proven professionals (Cavaliere & Swerdlow,1988). Furthermore, the business owner is buying into an already proven formula with relatively low risk and a high success rate of 87.5 percent compared to independent business owner’s success rate of 23 percent over a 5-year period (Hoffman & Preble,1993). However, drawbacks do exist for the franchisee such as losing their franchise if they are not in compliance with the rules of the franchisor or upholding the franchise’s standards. In addition, if the franchisor or the franchisee does not fulfill the terms of the contract either party can sue for breach of contract dictated by contract law or the Universal Commercial Code (Kubasek et al,.2016). Even though franchises offer a litany of favorable reasons for motivated entrepreneurs to engage in, my recommendation to Shania would be to open the Christian coffee shop independently so that she can have more control and not be limited in cultivating the Christian environment that she

Jennifer and I had some similarities and differences in our discussion post. We both recommended sole proprietorship for Shania’s business. Sole proprietorship is an unincorporated business owned and ran by one individual with no distinction between the business and the owner (U.S. Small Business Administration, (n.d.). We both agree that since Shania’s husband, Marvin has no interest in contributing to the business, her being the sole business owner would be most appropriate for her business goals. One point Jennifer made about the business was that once it takes off, Shania needs to expand location, products, etc., she could also form a partnership when that opportunity arises. Jennifer makes a valid point because Shania does not always

In this case Stan is thinking about starting a toxic waste disposal business. He is considering operating this business as a sole proprietorship. Although this is a valid business organization it also carries numerous disadvantages, if not all aspects of the company are taken into account. I will explain some possible conflicts Stan can encounter as a sole proprietorship, and I will recommend an alternative form of business organization that may become more beneficial. After taking into consideration the two different operations I will come to a

A coffee business targeting the Christian market segment does not need such complex organizations because of its functional simplicity and scope. In other words, only large-scale organizations can opt for these choices.

I would like to partner with Miller Kitchen and Bath to form an S Corporation. This can

After the creation of a business plan, the next step to operating a business is the selection of an appropriate business structure. Different legal forms of business ownerships affect different managerial and financial factors from the business names to the tax obligations (Gregory, n.d.). The most common forms are sole proprietorship, partnership, cooperatives, and corporations. There are different types of corporations in the business world, but the two most general corporation types are S Corporation and Limited Liability Company (LLC) (Ferrell et al., 2013). The sole proprietorship is the easiest and most basic form of business ownership. It is owned and run by one individual, which is the proprietor. The individual is entitled to all profits and is responsible for all the business’s

of State Office business name, trademark, and trade name records database, I found a number of records for businesses named ‘The Gathering Place’. Both ‘The Gathering Place: A Refuge for Rebuilding Lives’ (Col. Sec. Stat. 20131400199, 2013) and the ‘The Gathering Place Church’ (Col. Sec. Stat. 20131131269, 2013) hold effective - currently valid - trademarks and trade names to the phrase ‘The Gathering Place’ with an extension to the phrase such as ‘church’ or ‘a refuge for rebuilding lives’. Although, the formerly listed companies’ phrases maybe distinct enough from Mrs. Jackson to use the phrase ‘The Gathering Place’, the Good Standing status of a company with the name ‘The Gathering Place Inc.’ (Col. Sec. Stat. 20141495695, 2014) would not allow Mrs. Jackson to use the phrase as the name of her business. Based on this finding she will not be able to use ‘The Gathering Place’ for her business. And even if she was able to obtain use of the name, the numerous businesses associated with differing adaptations of the phrase in conjunction

Peter Nicholson wishes to convert the factory in the north east to production of the electric taxi. Using data in Appendix C, Table 1, calculate payback period and the average rate of return.

Spokane Industries has contracted Franklin Electronics for an 18 month product development contract. Franklin Electronics is new to using project management methodologies and have not been exposed to earned value management methodologies. Even though Franklin and Spokane have worked together in the past, they have mainly used fixed price contracts with little to no stipulations. For this project Spokane Industries is requiring Franklin Electronics to use formalized project management methodologies, earned value cost schedules, and schedules for reports and meetings. Since Franklin Electronics had had no experience with earned value management, the cost accounting group was trained in the methodology in order to bid for the

After reviewing the pros and cons to LLC and corporation business structures, as well as the business strategy of the McGee Cake Company, I would recommend to Doc and Lyn that they form a corporation to move the company forward. Although initial set of a corporation up may be complicated and have some cost, the potential for the company is great. The scope of the possibility is what makes the corporation

In reading the first article Coach Knight: The Will to Win, I found the article found Coach Knight to be very offensive and mean to his players. Coach Knight did not display good leadership skills. According to the article, Coach Knight’s drive and passion for excellence was not always received as well as his record of wins and losses Snook, Per low, Delacey, 2005).