Executive Summary – Elope DuJour 1.1 Mission Elope DuJour is a full service company that designs custom elopement packages for locations all over the world. Our wedding consultants are extremely experienced in event planning as well as travel. At Elope DuJour the client is the number one priority with dedicated planning to make their day special and memorable. Whatever our client requests, we can deliver. Our background is anything from New Year’s Eve, Western, Tropical, and much more. We also have a wide array of connections for florists, makeup artists, hair stylists, bands, etc. Elope DuJour wants to make our clients happy and their dreams come true for that special day. 1.2 Objectives Whether the client wants a romantic elopement for …show more content…
Once the company has brought in significant income, they will re-evaluate to decide whether a corporation or limited liability company is more appropriate. 2.2 Start-up Summary Because of the venture being a startup company, Tiffany and Michael Darst will handle operations until the company is stable. Start-up costs are estimated at $4,000 for all advertising, logo, mail, and other related expenses. We also estimate another $4,000 for working capital to be deposited into a bank account. Start-up Requirements Start-up Expenses Logo Design $300 Letterhead, etc. $450 Brochures $450 Insurance $400 Research and development $300 Expensed equipment $1000 Other $1100 Total Start-up Expenses $4,000 Start-up Assets Cash Required $4,000 Other Current Assets $0 Long-term Assets $0 Total Assets $4,000 Total Requirements $8,000 Start-up Funding Start-up Expenses to Fund $4,000 Start-up Assets to Fund $4,000 Total Funding Required $8,000 Assets $0 Non-cash Assets from Start-up $0 Cash Requirements from Start-up $4,000 Additional Cash Raised $0 Cash Balance on Starting Date $4,000 Total Assets $4,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $0 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $0 Capital Planned Investment Tiffany Darst $2,000 Michael Darst $2,000 Additional Investment Requirement $0
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
Limited company is an organisation in which allow you set up and run your business. Any profits which are made within a limited company stays within the company after it has paid corporation tax, which then allows the company to share its profits.
The last of the four types includes the limited liability company, also known as a LLC. An LLC is an unincorporated form of business that carries characteristics of all of the other three forms of business. An LLC can choose to be taxed as a partnership, the owners can manage the business, and the owners have limited liability for debts and obligations of the partnership. LLC’s are
A limited liability company consists of a single owner, or sometimes more than one owner, and are not taxed as separate business entities. All profits and losses pass through the business to those who own the company. Owners must report profits and losses on their personal tax return filing as a corporation, partnership, or sole proprietorship. If the LLC is ran by a single owner, they file a 1040 Schedule C form as a sole proprietor. Partners file a 1065 form consisting of a partnership, and a form 1120 is filed if the LLC is filing as a corporation. The LLC must be registered such as the State Corporation Commission, Department of Commerce and Consumer Affairs, Department of Consumer and Regulatory Affairs, or the Division of Corporations and Commercial Code. The great thing about an LLC is that the owner has freedom in management. The owner is able to run the organization as they see fit not answering to anyone,
(1.98 is also reasonable select. Since there is no brand image or loyal customer, it's not big problem to price very low as long as defend VC. Profit is only $4000, but as long as the business continues it's better than nothing.)
Throughout my life, I have been through many different things. I have been through struggles and successes. I have been through multiple setbacks and breakthroughs. There is one specific setback, however that is very important to me that I overcame. It was not easy, but I finally did it. This setback took place during the time between when I entered high school and the end of my sophomore year.
a. Entry 1: Miss barbarra Thompson opened the company investing USD 65,000.00 cash and USD 100,000.00 from Bank Borrowings.
The Objective is to plan a wedding that will be timely, within budget, memorable and exclusive.
A limited company has named directors whose financial liability is either limited by guarantee or by shares. Setting up this kind of organisation involves to comply additional costs and time in order to comply to the company law. ! Charitable Status Organisations with charitable purposes can apply for charitable status. Benefits include tax advantages and the ability to receive donations from charitable trusts.
What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a LLC?
Valley CrossFit will be providing a group training service with future plans to expand into merchandising and supplement sales. Initial start-up costs will include $1000 to become CrossFit Level 1 Certified or a ‘coach’ and a $3000 affiliation fee. This will give Valley CrossFit access to the CrossFit name and brand for marketing purposes. Once approved, I will then have to create a website that is approved by CrossFit headquarters. The other major
Our start-up expenditures will be $1M, which comprises $450,000 for the procurement of the Lego and Panaito operations of Servco Incorporated Office Technology.
As with any kind of business formation, there will always be, to some extent, negative aspects associated with the creation. To this date there is no perfect form of business entity. When deciding on which entity is best suited for a business, there are many things to be considered. Prior to deciding on a business structure, some major points to be thought about are both the legal and tax ramifications associated with the entity chosen. Another criteria that should be considered are the costs connected with the entity type. These cost include the cost of formation as well as any continuing administrative cost that may be incurred. (“Choose Your Business,” 2011)
The Paper Crane’s costs are listed in a graph below. The company will start with four months inventory for apparel and accessories. The remaining homemade items will go on a monthly inventory basis. On opening day the cash on hand balance will be $384.
An Argument Against Citigroup in China Chinese regulations have historically limited the operations of foreign banks, but with the entry of China into the World Trade Organization (WTO), that is all slated to change- in theory. Geographic limitations for foreign banks are to be lifted by December 2006, along with a host of other restrictions that have retarded the growth of Western banks and the Chinese banking sector as a