While many companies are formed by investors, best friends, or family members it is always a good idea to register the company and make it a legal partnership. Partnership agreements serve several purposes, but mostly it will benefit all parties involved. In this scenario, assuming Chad wants equal decision making rights but not the liability of the company’s debt LLP is a good option to register the company under, also assuming that Dad wants the same for his son Chad. For instance, “In a limited partnership certain members contribute capital but have limited liability for firm debts. The most these members can lose is their investment.” Twomey, (2013). In this case Chad seems to want equal partnership because he is suggesting to his Dad to form the partnership. However, if they do move forward and form a legal partnership they should establish the company as Dad and Chad Expert Handyman Service LLC not LLP. The reason? A company that is registered under LLC have “a favorable tax ruling on this form of organization by the Internal Revenue Service” Twomey, (2013). The difference between an LLC and a corporation, is that the LLC does not pays no federal taxes on its income as an entity. However, the “income (or losses, deductions, and credits) flows through to the LLC’s owners based on their proportionate interest in the company.” Twomey, (2013). Another benefits of having the company registered as an LLC is that the Dad and Chad have limited liability for their business 's
While Roger was at the VA hospital in Phoenix, an RN case manager came to talk with him. She did an assessment on him that included his medical and social background, so she could make sure that Roger has a safe discharge. Her job is to make sure that when Roger discharges from the hospital, he will have resources in place to help him get better, and to avoid getting so ill that he has to go back into the hospital.
The central purpose of writing this Case Study Analyses on The Gap, Inc. is to identify and isolate key issues and their underlying implications and offer practical solutions and plans for implementing those solutions.
When it comes to partnerships Alex, Bill, Carl, and Devon will have two options- a general partnership or a limited partnership. Partnerships are beginning to be a business form of the past. Once upon a time, partnerships were “the default form of business and provided the benefit of pass-through taxation, but lacked the important feature of limited liability” (Chrisman, 2010, p. 465). In a general partnership, each partner associated with the entity will be held liable for their own business decisions as well as
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.
According to the CMSA (Case Management Society of America) and several others organizations that case management alone means that it is a collective system that helps the patient and their family needs through the communication, available resources of promoted quality, and cost-effective outcomes.
What type of exemption means he probably won't have to provide disclosure reports to the government or buyers?
Roughly 24 million people live in Australia. Of this, 2.4% is made up of Indigenous Australians (Australian Government, n.d., Population today, para 1). Due to the nature of work that paramedics do, they come into contact with a variety of different cultures, many of which are Indigenous Australians. Paramedics are often the first point of contact a patient has entering the health system, this can be crucial as it sets the standard of health care the patient will expect. Establishing trust and a good rapport is a starting point, it allows patients to have reassurance that the health system is there to assist, cultural sensitivity is important to achieve this. When attending an Aboriginal patient there are many aspects to their culture to bring
This case discusses the business strategy for Applied Learning Solutions, LLC which is an educational trainer manufacturer located in Georgia. The company manufactures educational trainers used to train electrical students in both technical high school classes and technical college environments. Applied Learning Solutions, LLC supplies engineering, design, and manufacturing of training equipment for Educational Systems, Inc, a distributor in Texas.
1. BBC partner updates and check-in: United Way, City of Boston Office of Economic Empowerment (OFE), LISC, IASP
Brandy Long will be the owner and main provider of services and enter into a collaborative agreement with Dr. Collier. Two medical assistants will work the reception area and assist the provider and maintain cleanliness of the clinic. Attorney Michelle Ward will provide legal services and consultation. Ashley Jones will complete medical billing charges twice a month. Payroll will be distributed through Bank of America and Quest Diagnostics will conduct laboratory services.
Brewer and Associates, LLC is a full-service certified roofing and building contractor that is located in Oklahoma City, Oklahoma. Brewer and Associates, LLC possesses more than ten years of experience in all aspects of the roofing trade. This roofing and building contractor specializes in roofing, construction, renovation, and restoration. Brewer and Associates, LLC is an expert in residential services as well as commercial services. Their residential specialties include construction, guttering, insulation, residential roofing, remodeling, and siding. Their commercial expertise includes commercial roofing and commercial windows and doors. Brewer and Associates, LLC furnishes emergency services. The residential roofing services they render
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Kate is the owner of a successful business, selling women’s shoes. Her business is expanding fast and she wants to upgrade her business structure to a more appropriate one. What would be your recommendation to Kate and why? What are the factors that influence you with this advice?
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
Specialty Food and Beverage company (SF), which founded in 2004 in Denmark, mainly covers foods and beverage, restaurants and hotel area. Recent years, the company had faced several problems which lead SF to an embarrassing situation. This assignment will introduce SF’s current issues, analyze the decision and then discuss the solution way which chose by SF’s high level management team.