Sole proprietorship

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  • This chapter examines three primary forms of business ownership sole proprietorship, partnership, and corporation and weighs the advantages and disadvantages of each. These forms are the most often used whether the business is a traditional bricks and mortar company, an online-only one, or a combination of both. We also take a look at S corporations, limited liability companies, and cooperatives and discuss some trends in business ownership.

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  • This book is directed toward the businessperson who must have financial and accounting knowledge but has not had formal training in finance or accounting — perhaps a newly promoted middle manager or a marketing manager of a small company who must know some basic finance concepts. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing.

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  • In this chapter, the learning objectives are: Identify the primary characteristics of sole proprietorships, partnerships, and corporations, analyze financial statements to identify the different types of business organizations, explain the characteristics of major types of stock issued by corporations, explain how to account for different types of stock issued by corporations,...

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  • In a beauty contest for companies, the winner is . . . General Electric. Or at least General Electric is the most admired company in America, according to Fortunemagazine’s annual survey. The other top ten finalists are Cisco Systems,Wal- Mart Stores, Southwest Airlines, Microsoft, Home Depot, Berkshire Hathaway, Charles Schwab, Intel, and Dell Computer.What do these companies have that separates them from the rest of the pack?

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  • This material is written for students who major in E-commerce. The topics selected mostly deal with basic areas of business and economics. They are presented in an order from a sole proprietorship to a multinational corporation. Each lesson is introduced and related to the previous lesson. Besides, students also have chance to deal with several topics related to information technology which has a very close relationship with e-commerce.

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  • Pursuant to the Constitution of the Socialist Republic of Vietnam in 1992 that was amended and supplemented by the Resolution No. 51/2001/QH10 dated 25 December 2001 of the National Assembly X, meeting session 10; This Law governs enterprises. CHAPTER I GENERAL PROVISIONS Article 1.

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  • Chapter 1 An Overview of Corporate Finance and The Financial Environment a. A proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. In contrast, a corporation is a legal entity created by a state.

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  • Sole Proprietorship A business owned by a single individual. Owner maintains title to the firm’s assets. Owner has unlimited liability. 2) Partnership Similar to a sole proprietorship, except that there are two or more owners. General Partnership All partners have unlimited liability. 2b) Limited Partnership Consists of one or more general partners, who have unlimited liability, and One or more limited partners (investors) whose liability is limited to the amount of their investment in the business.

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  • a. A proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. In contrast, a corporation is a legal entity created by a state. The corporation is separate and distinct from its owners and managers. b. In a limited partnership, limited partners’ liabilities, investment returns and control are limited, while general partners have unlimited liability and control.

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  • The law increasingly affects every aspect of a small business operation, from relationships with landlords, customers and suppliers to dealings with governmental agencies over taxes, licenses and zoning. Being surrounded by legal issues places most small business owners in an unhappy dilemma—either buy expensive legal help from a lawyer or go without. Here is another alternative: a self-help book designed to answer most of the legal questions you’re likely to ask in starting and running your business.

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  • Sher win-Williams Company, 62– 63, 64 Silgan Holdings Inc., 408 Sirena Apparel Group, 525 SmithKline Beecham PLC, 576 Snapple Beverage Corp.

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  • • Doanh nghiệp tư nhân (Sole proprietorships) • Công ty hợp doanh (Partnerships) • Công ty cổ phần (Corporations) • Công ty trách nhiệm hữu hạn (Limited liability companies) – Hình thức kết hợp một số đặc tính của công ty cổ phần và công ty hợp doanh.

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  • To make sure that forming a corporation is the best legal and tax approach for your business, this chapter compares the corporation to other small business legal structures, such as the sole proprietorship, the partnership, and the popular limited liability company. A corporation, like a limited liability company, protects your personal assets from business creditors. But the corporation stands apart from all other business forms due to its built-in organizational structure and unique access to investment sources and capital markets.

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  • The law increasingly affects every aspect of a small business operation, from relationships with landlords, customers and suppliers to dealings with governmental agencies over taxes, licenses and zoning. Being surrounded by legal issues places most small business owners in an unhappy dilemma—either buy expensive legal help from a lawyer or go without. Here is another alternative: a self-help book designed to answer most of the legal questions you’re likely to ask in starting and running your business.

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  • In this chapter students will be able to: Compare the advantages and disadvantages of sole proprietorships; describe the differences between general and limited partners, and compare the advantages and disadvantages of partnerships; compare the advantages and disadvantages of corporations and summarize the differences between C corporations, S corporations and limited liability companies;…

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  • Chapter 1 - Corporate governance. This chapter explain corporate governance, describe the objectives and core attributes of an effective corporate governance system, and evaluate whether a company’s corporate governance has those attributes.

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  • In this chapter you will: Choose an appropriate form of business for a particular enterprise and list characteristics of each form; describe creation and risks of being a partner or purported partner; identify partnership capital, property, and interests.

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  • Chapter 37 - Introduction to forms of business and formation of partnerships. In this chapter you will: Choose an appropriate form of business for a particular enterprise and list characteristics of each form; describe creation and risks of being a partner or purported partner; identify partnership capital, property, and interests.

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  • Chapter 4 - Costs of production. In this chapter you will: consider the major organizational forms of business—sole proprietorships, partnerships, and corporations; learn about economic costs (explicit and implicit) of production and economic profit analyze short-run (total, average, and marginal) products, and the law of diminishing marginal returns; derive short-run (total, average, and marginal) costs; examine long-run results of production (increasing returns to scale, constant to scale, and decreasing to scale) and long-run costs.

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  • This chapter surveys the world of entrepreneurship and small business. After reading this chapter, you will be able to: Define and examine the advantages and disadvantages of the sole proprietorship form of organization, identify three types of partnership and evaluate the advantages and disadvantages of the partnership form of organization, describe the corporate form of organization and cite the advantages and disadvantages of corporations,...

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