Corporation

countries in the world. Unlike other forms of entity, it is usually not governed by special laws. A proprietorship is a type of business entity which legally has no separate existence from its owner. Hence, the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. The single proprietor has unlimited liability since creditors of his business may proceed not only against the assets and properties

determined by the amount each partner has invested in the company. Expansion: To conduct business in a state, a general partnership needs to locally register an assumed business name and obtain any specialty licenses needed. Compliance: Unlike corporations, general partnerships are not required to hold annual meetings of the owners, issue partnership interest, and keep personal asset separate from business assets.  LIMITED PARTNERSHIP: Two or more partners united to conduct a business jointly,

Due to corporations outsourcing a vast majority of jobs are being sent overseas and the American people are finding it harder and harder to obtain employment. Specifically but not limited to, Information Technologies, Human Resources, and Call Centers are being relocated to the overseas markets. Labor cost in the United States is the main reason that corporations are sending jobs to other countries as well as the corporation will save additional funds by not having the cost of benefits paid for the

Business Scenario As discussed there are three different types of businesses, sole proprietor, partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running, and have the legal knowledge to keep yourself and organization covered. Lastly, if you have the knowledge and product

Part 1 Zales Corporation is an organization that handles upscale jewelry. It all began in 1924 with a single Zales Jewelers store and has now emerged into a successful company with six retail brands and approximately 1,870 stores in North America as well as websites for each brand, Zales.com, gordonsjewelers.com, zalesoutlet.com, peoplesjewellers.com and pagoda.com. Zales focuses on customer and employee satisfaction. The company offers various, high-quality jewelry and services to help customers

arguments may present that CSR itself could be the competitive advantage of corporations, but reflect on Hawthorne (2013), 40.6% of customers would not pay extra money for products or services, which comes to a pretty high “unwilling fraction”. This might prove that customers would not buy anything primarily depends on the ethical or environmental issues. Thus, CSR would not be a major competitive advantage of corporations. In addition, Godelnik (2011) claims that CSR might compel companies to delay

A Corporation can be defined as a legal creation, however the corporation itself, would only exist on a piece of paper. A corporation will never die a natural death like humans die naturally, and corporations will always outlive the individual who created it. With that said, the corporation itself is never really committed to any employee or committed to any neighbor. However, a corporation can always demand employees, a corporation can always demand taxes that are extremely high, and a corporation

Tax Research Problem 6-59 Parent Corporation owns 85% of the common stock and 100% of the preferred stock of Subsidiary Corporation. The common stock and preferred stock have adjusted bases of $500,000 and $200,000, respectively, to Parent. Subsidiary adopts a plan of liquidation on July 3 of the current year, when its assets have a $1 million FMV. Liabilities on that date amount to $850,000. On November 9, Subsidiary pays off its creditors and distributes $150,000 to Parent with respect to its

determining what structure to use. This paper will cover the advantages and disadvantages within the four types of business structures; Limited Liability Corporations, Corporations, Partnerships, and Sole Proprietorships. Corporations A corporation is a standalone entity. There are two types of corporations, general or S Corp. Advantages of corporations consist of limited liability, capital through stock sales, attractive to employees, and receiving corporate

Part A (The report) Part B (The memorandum) Student Name Western Governors University Part A (The report) Determining what type of business venture to either start or invest in can be challenging. Over the next several pages we will evaluate the various types of business organizations and at the end of this report; you should have an initial or better understanding of the different types of business forms. Sole Proprietorship: The word proprietorship can sound intimidating. It is important