Sole

9, 2016 Business Organization A Sole Proprietorship is a single individual owner and operator. This includes business owners and independent contractors. Most of the time, a Sole Proprietorship includes services, such as your local coffee shop, rather than the manufacturing of goods which costs more money to start. Sole Proprietorships are usually small businesses and small businesses make up three-fourths of U.S. businesses and a vast majority of the economy. Sole Proprietorships are fairly easy

Chris Forte chose to be a sole proprietor because sole proprietorships are mainly one-owner businesses. Chris Forte can close it, sell it or pass it down to his heirs at any time. A sole proprietor pays taxes as a part of his individual income tax filing. The costs of obtaining a license for sole proprietors are substantially less than those for corporations. Start-up costs for sole proprietorships are very low. The Startup cost for Shear Perfection Unisex

these lines, the business will wind up having a more extensive piece of the pie that it serves over the long haul, henceforth the business development. Business Form There are a wide number of business structures that Phoebe can attempt, going from a sole

Porter’s Hunting Shack as a sole proprietorship is a smart idea. This helps to keep startup costs low for the legal filings and the taxes as well. As the business grows, it is always an option to change the legal form to either a LLC or a Corporation, whichever is more advantageous for the business at that time. It also depends on if you acquire a partner or shareholders as to what the business will legally be filed as. But for now, I agree with your idea of starting as a sole proprietorship since you

Objective - The main goal for Holey Soles is to achieve $40 million in sales by 2009. - Holey Soles is slow capturing Crocs, main competitor, share market. - Holey Soles production capacity has been fully utilized during the peak season. External analysis - Retailing industry change, Large chains were expanding their market penetration by offering a more diverse array of product. - Compare with Crocs revenues leaped from $1.2 million in 2002 to $109 million in 2006, and it had developed more

the Test Bank. TRUE/FALSE QUESTIONS 1. A sole proprietor does not own the entire business. ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. In choosing a form of business organization for a new enterprise, impor­tant factors include the ability to raise capital. ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Critical Thinking 3. A sole proprietor is free to make any decision he or she wishes

for a half-day of cleaning. Position in the Marketplace Cofield’s position in the marketplace is mid-base residential. Cofields strengths include personal and professional service. Although the franchisers have strong advertising techniques, a sole proprietor has the advantage of offering more personalized service. This service gives Cofield a competitive advantage because most customers prefer the same cleaning person for each cleaning. Cofield’s competitive advantage over Molly Maids is its

Sole Elliptical E35 review and personal experiance One of the main reasons you want to seriously consider the Sole Elliptical E35 is it’s all about reliability and quality. For the price you are not going to find a more low maintenance cross-trainer. I personally have owned a Sole elliptical for over 3 years, and other than occasionally lubricating the railings, I have had NO problems. There are other factors that make the Sole Elliptical E35 a “Best Buy” including the stability, ergonomic features

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

like partnerships and sole proprietorships, and provides the members with lower liability that protects them from the company’s debt (Scrofano, n.d.). This form of business will give Shania the ability to name her company what she wants and run it how she wants. The limited liability is also desirable. The other options have faults which I would explain to Shania. A sole proprietorships major downfall is the fact that the owner and company are the same legal entity, the “sole