I am Ryan Kraft, a private business investor who is looking for a partnership within the home improvement industry. Your company, Miller Kitchen and Bath, is an ideal candidate for growth and profit with the right partnership. Miller Kitchens and Bath has shown staying power in the industry and will be easily scalable for expansion around the greater Tampa Bay market.
My background in the construction industry provides a connection to 6 local new home builders. Through these builders, Miller Kitchens and Bath would add an average of 5 new projects per month to its existing business, bringing in thousands more in profits.
I would like to partner with Miller Kitchen and Bath to form an S Corporation. This can provide many advantages as well as
As a hybrid of partnerships and corporations, LLC’s provide limited liability for debts and flexibility to be taxed as a partnership or corporation (Staring and Naming a Business Presentation, 2012, Slide 5). Some specific advantages include being empowered authorities in the management of the business, diversity of members, limited liability, pass-through taxation, and less paperwork (appreciated by many). A drawback of this business structure is the need for a tailored operating agreement that specifies the specific needs of the
How does a store like Trader Joe’s grow into a billion-dollar company with great ratings and demonstrate outstanding management skills? This company used the approach to stand out by being different as an effective measure to compete with the bigger grocery stores. Trader Joe’s business model intentionally kept the size of its stores small and holds fewer products than the larger grocers. They chose to frequently place new products on its shelves and revise ingredients to meet the customer’s needs. They also sell kitchen-tested products to entice new customers. They have also employed a creative marketing team to announce new private-label products to provide outstanding value. In addition to their unique way of doing business,
The partnership will use all of these assets in its business. Subsequent to forming the partnership, J&J
The company is the corporation’s question mark performer and has the potential of becoming a star performer given the limited competition in the market. The company has the advantage of the parent corporation’s 25-year-old positive reputation as a local family owned business known for the quality of their products.
Please provide a current statement of each partner’s equity (as required by the Partnership Agreement).
According to IRC § 1372 any person owning more than 2% of the S Corporation, or holding more than 2% of the voting power, is considered a partner of the business. What! The S Corporation shareholders are now a partners? Once it is understood that an S-Corporation is a hybrid between: a sole proprietorship, a partnership and a corporation, it all starts to make more sense.
Lou and Jose are in the process of setting up a future business of a restaurant and bar. The financial backing of
Mr. Sanchez has enlisted the help of my firm, Huber & Guizot to help find a good financial plan and
The company that I have chosen for this assignment and project is Lowe 's Companies, Inc. Lowes strongly focuses on the mission statement “helping the customers to improve their homes”. The company started in 1921 as a small store in North Carolina. Great success and high demand of Lowe’s products led to an increase in the number of stores. By 1955, there were five more functional stores. Rapid growth took place around 1960s. Carl Buchan was one of the founders of Lowe’s, who died in year 1960. Exactly a year later in 1961, the company went public. This was the time when Lowe’s was given its name. Initially it was called North Wilkesboro Hardware Company. By 1979, Lowe’s established more than 50 stores in the United
Penny Thomas, an Ivey graduate with the help of her daughter, who also is an Ivey graduate, decides to purchase a license to open a Marble Slab franchise in the Great Toronto Area. After paying her fees of $25,000 to the company, she starts thinking of her marketing plan for her grand opening that she has two weeks to hand to the Marble Slab head-quarters in Calgary . So she hired a marketing consultant (me) to help her. First, the corporate capabilities of the company had to be defined, financial capabilities, Marketing capabilities, Operational capabilities and the available human resources. After comprehensively studying the internal capabilities of the company, the external forces affecting the business are analyzed. The two external
In 1982, Jim Disbrow and Scott Lowery opened up their first restaurant and called it “Buffalo Wild Wings & Weck” near the campus of The Ohio State University. The two entrepreneurs grew the restaurant to thirty-five restaurants over the next twelve years. Unfortunately, the cost of the growth was potentially bankruptcy-inducing debt. In 1994, Sally Smith became Chief Financial Officer and two years later became Chief Executive Officer. Under Smith’s leadership, Buffalo Wild Wings escaped the throngs of debt and prospered for almost a decade before going public in 2003. In an effort to target a larger audience and build their brand, Buffalo Wild Wings revamped its restaurant in 2012. This meant removing “Grill & Bar” from its name in addition to a refreshed logo and redesigned restaurant (Buffalowildwings.com). Today, Buffalo Wild Wings is the premier sports-bar in America for sports fans, but also a great option for families eating out. This paper will analyze current remote and external environments that shape the business strategies that have led, and should lead to another decade of excellence.
By end of 90’s the company was dominant in many of the categories it competed in. The challenge was found in whether it can continue its dominance in it’s new, expanding product ranges and could maintain its dominance and synergy in its all categories on low and high price offering in hardware, home furnishings, office and house ware, while maintaining its management and corporate structures.
The two companies I have chosen to research and dissect on why one has had great success and one has had great failure are Bed Bath and Beyond and Linens ‘n Things. When looking at both companies they seem to be similar to one another with the items they sell, the store layout and policies so why it that one failed and one is still standing. Managements job is to oversee others so their activities are completed efficiently and effectively. After looking into these two companies there seems to be some underlying reasons why.
fastest growing areas in franchising. Numerous systems are learning that they’re significantly more effective in presenting their products and services to the public when they do so in association with another brand.
The company will be organized as a sole proprietorship, with Jesse Ward as the owner and manager of the company. Jesse Ward has filed Form DR0592 with the Colorado Department of Revenue and gained a D.B.A. certificate for the