true or false Developing the business plan and deciding the structure of the venture is a typical stage in creating a new venture.
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true or false
Developing the business plan and deciding the structure of the venture is a typical stage in creating a new venture.
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- Identify and compare two companies with different ownership structure and present their differences as well as the advantages and disadvantages of each case. Make sure to provide a profile of the companies as an introduction.You are about to venture a particular business, will you create a business plan first before implementing your business or would you prefer to immediately run the business?Steve Osbourne is considering opening a business, but the major decision faced is how to organize the business. Steve anticipates generating a massive profit during the first year and that the following years should be relatively profitable. Although he has enough to start the business now as a partnership, he believes cash flow may be an issue as the company grows. Steve believes that the corporate form of operation will be his best option and have hired you as a consultant and seek your advice. Answer the following questions for Steve. Explain the corporate characteristic termed “no mutual agency” Explain the corporate characteristic termed limited liability. Explain the term outstanding stock. Is it true or false that corporations muse issue common stock, but may or may not decide to issue preferred stock? Is it true or false that all forms and classes of stock carry voting rights? Is it true of false that stock sold for amounts in excess of par value results in a gain reported on…
- Explain the outlines of creating a business plan and explain the difficulties one might face in creating one.8) If you were to consider starting up a lawn care business for the summer, what type of business organization might you use and why?The management’s decision to make a partnership with another company is called:
- While attending a recent dinner party, Sally and Lily were talking to a friend who was surprised that they are in a partnership structure. They suggest that their accountant has advised that a company structure would be better and recommend that Sally and Lily speak to their accountant to ask about operating the Healthy Snacks business through a company structure (note, you will not be asked to determine any tax gains/losses on changing the structure). As their accountant, you need to advise them on tax implications, ease of business, legal liability and more on this.Discuss the differences between a Board of Advisors and a Board of Directors.What are the difficulties that a business may face when there is no business plan?
- hello can you please help me on this assignment. Instructions One area of entrepreneurism and small business development that oftentimes is overlooked is the legal contracts and protection. The following are a few of the documents to contemplate… Non-Compete, Non-Solicitation, Non-Circumvention Agreement Non-Disclosure Agreement (NDA) Job Offer Contract Letter of intent or Initial Proposal Memorandum of Understanding (MOU) and Statement of Work (SOW) or Service Agreement Lease, Loan, and Stockholder W2 Vs 1099 Employee Status Beyond the decisions above you also need to decide upon business formation. As a small business owner, it is best to move away from a sole proprietorship or unincorporated partnership. Formation options to be considered would include: Limited Liability Corporation – LLC Shareholders Corporation – S-Corp Subchapter C – C-Corp Benefit Corporation – B-Corp Non-Profit Organization – NGO Once formation is decided upon each carries a host of documents to…Johnny and Ash have not yet incorporated their new company. However, each has already invested $50 000 into the business by depositing the money into Johnny’s business account. Johnny is negotiating the purchase of a small factory in his own name, and is purchasing the equipment and materials he will need to start manufacturing Organicola. Ash has also started spending 2 or 3 hours every evening writing a business plan and a marketing plan. (1) Have Johnny and Ash formed a partnership? If so, what are the legal consequences?What is the importance of preparing a business plan before engaging into a business venture? Discuss three.