Week One Indiviual Assignment

1070 words - 4 pages

Page | PAGE \* MERGEFORMAT 7 Limited liability company and partnership PAPER
Limited Liability Company and Partnership PaperMichelle L. WeidmanFIN/419October 13, 2014Maria JohnsonLimited Liability Company and Partnership Paper"Twenty years from now you will be more disappointed by the things you did not do than by the ones you did do. So throw off the bowlines. Sail from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." ~ Mark Twain, author (Top)Over the long term, people who run their own businesses have the potential to make more money than those who work for someone else. Most people have dreams of acquiring great wealth and the way to get there is to own a business. Job security is another reason and a lot of people just prefer being their own boss. Another attractive element to owning one's business is that their time is their own (Why). When the decision has been made to start a business there are different factors that must be considered when deciding upon a business structure that will best serve the needs of the business. Recently there has been a growing number of formations of limited liability companies and limited liability partnerships, the features of which are defined herein.Limited Liability CompanyThe limited liability company (LLC) is considered a hybrid type of legal structure that provides the limited liability features of a corporation as well as the tax efficiencies and operational flexibility of a partnership. LLC "owners" are typically referred to as members and, depending on the state, can consist of a single individual (one owner), multiple individuals, corporations or other LLC's.Like shareholders in a corporation, the federal government does not tax LLC's as separate business entities. Rather, all profits and losses are "passed through" the business to each member of the LLC who then reports the profits and losses on their personal federal tax returns each quarter, just as the owners of a partnership or sole proprietorships would. While the federal government does not tax the income on an LLC, there are some states that do so it is important that this is checked with the state's income tax agency (Limited).Just as with a corporation, an LLC offers protection for its members from personal liability for business debts and claims which means that if the LLC cannot pay a supplier, lender or landlord, or any other creditor, they cannot come after the personal assets of the owners because only the LLC's assets are used to pay off business debts so LLC owners stand to lose only what they invest in the LLC (a feature often called "limited liability").This limited liability protection does not protect the owners from all liability. An LLC owner can be held liable for injuring someone, guarantying a bank note or business debt that the LLC defaults on, fails to deposit taxes withheld from employees' wages, intentionally commits fraud, engages in illegal activities or recklessness that causes harm...

Find Another Essay On week one indiviual assignment

tanglewood Essay

3062 words - 12 pages -900 90-100 B 720-809 80-89 C 630-719 70-79 D 540-629 60-69 F 0-539 0-59 Grade Weights ASSIGNMENT POINTS PERCENT Discussions 150 17% Case Studies 200 22% Strategic Team Audit 250 28% Final Examination 300 33% Total 900 100% Schedule of Due Dates WEEK ASSIGNMENT POINTS DUE DATE Week 1 Discussion #1 50 Sunday Week 2 Discussion #2 50 Monday Week 3 Case Study #1 100 Sunday Week 4 Discussion #3 50 Sunday Week

Causes and Effects of Procrastination Essay

939 words - 4 pages patterns can start at any given time, however it seems that usually begin at the high school level. In most cases, one could easily survive a late night of researching the night before to receive a higher than average grade on an assignment given in high school. However, in college, not so much. In reality, the most avid procrastinators showed significantly lower grades than those who procrastinated far less at the college level (Grabmeir). Students

BCOM/275

2193 words - 9 pages Career Options • Log On for Success: Using Internet Job Sites • Assessment Activity: Final Exam Preparation Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts. Title Type Due Points Week One Participation Participate in class discussion. Individual Due day 7 4 Assignment 1.1 Complete Assignment 1.1 from Ch. 1 of Communicating in the Workplace. Choose two

Interview Essay Report

731 words - 3 pages like I was bothering people, but I got such a response from people. The questions I asked were 1) Why did you pick this particular league or team to play or have you child play one. 2) How far do you drive each week for practice and games. 3) With playing soccer where do you buy the uniforms 4) How do tryouts work to be on the team. I chose the above questions because I know that soccer can get expensive and time consuming and I thought these

Epicurus Reflection

784 words - 4 pages The topic of this research paper is about Epicurus and how he played a role in Ancient Greece. This assignment had to be done individually. In this research paper I had to do many things. I first had to get sources of my philosopher. I had to obtain two physical sources and a minimum of one internet source. Then when I had my sources I had to write a 2-3 page research paper on philosophy and the role that it played in Ancient Greece pertaining

motivating k-12 learners in education

1138 words - 5 pages strategy, the researchers saw that over a week's work, one assignment strengthened students' emerging senses of community among writing and articulating the daily assignments. If students are able to become motivated in the academic curriculum through the use of writing freely, it will be very easy for them to develop a cohesive understanding on the academic instructions. One of the most successful ways to ensure that students understand any given

Four Day Weekends

739 words - 3 pages better than if they received a three day weekend every week. Research shows that an average high school student will only remember lessons until one full day after they were held. Undoubtedly, if all institutions adopted the four day class agenda, they would observe a trend of dropping test scores. Furthermore, the traditional five day week lets students involve themselves in extracurricular activities and school sports. If students come home at

Classroom Observation Report

1461 words - 6 pages -American, 1 East Indian, and 1 New Zealander (White but with an extreme accent). Three children were left-handed. OVERVIEW Two days a week in the morning, the children participate in a reading and writing block called “literacy and writing workshop.” The classroom is organized into five different levels with one group having one extra person; the levels are based on scoring of reading assessments. The groups are rotated so that each may

Value of Teamwork

1729 words - 7 pages that the position would be undertaken by Steven Boone, one of the four founding members of the charter. The members then determined that each member be assigned both collective and independent tasks. The assigned collective tasks include a written assignment, outlining each member’s individual thoughts on the group’s values, initiatives, practices, and resources. Additionally, they include the encouragement of other members, reviews and commentary

Elevator Speech: Communication

604 words - 2 pages . I told her that I was currently taking two classes. I could join in the class at any hour of the day, any day of the week.“How in the world can the class be available at any time”, she asked.I explained to her that there were many students and that we used asynchronous communication. Explaining that asynchronous meant we were on line at different times but able to each access the same information at any time. “Like with email, you

Healthy Eating Plan

1273 words - 5 pages in other important nutrients as well. In week one's food diary checkpoint, the fruit intake was one cup for each day, while in the second food diary assignment showed that the fruit intake is now 2.8 cups each day. However, most of the results from the second food diary assignment show that my diet over the past couple of weeks has changed from what it was during the first week of this course. The diet of my family is not consistent. For example

Similar Essays

Graces Essay

1973 words - 8 pages assigned. For the first weekday an assignment is late, 25% will be deducted; for the second day late, 50% will be deducted. After 2 school days, a grade of 0 will be given.At the end of the semester, all classwork must be submitted prior to the time period the final exam is available. Thus, if final exams begin Thursday of the last week of school, all other assignments except the final exam must be submitted by Wednesday of the last week of

Personal Behavior Modification Essay

1381 words - 6 pages day. I am going to start my first week off with drinking 2-3 cups a day for 5 days a week. My overall goal is to drink 10 cups of water per day for 5 days a week by end of this assignment. I decided to use the changing-criterion design for the modification to drink more water. In this design, I am going to increase my criterion by adding 2 drinks to the previous week for 5 days week every week. The first week I will start out with drinking 2 cups

Unnessasary Homework Essay

899 words - 4 pages , homework should not be given to high school students at SHS. One reason behind this argument is that all homework does not equal higher grades. In other words, just because you do the work that teachers assign, does not mean that the concept of the assignment is fully understood. Basically, students now a day’s give in nonsense work and still get credit for that homework assignment. In addition, when a test or quiz comes up they have no idea what

Study And Learning Skills How To Develop Your Desireable And Essential Abilities

3771 words - 15 pages the degree of progression, which has been reached whilst development of each one of the essential abilities had undergone.During the second half of the assignment, I will make reference to the minor assignment, (which I had completed during week four) at this stage of the assignment I will discuss and explain the progress, which was made to the two chosen desirable abilities via the plan structured during the minor assignment. Not forgetting