Apex Training Company
A sole proprietorship is a business that has no separate legal entity from the owner. This structure made sense initially when the business was just Martha, working by herself. Whatever income that the business earned was income that she earned, so it flowed through directly to her. More important, the expenses associated with the business also flowed through. The result was probably some tax savings, because at that point the business was not making money, and Martha would not have paid income taxes.
Today, there should be concerns about running the business as a sole proprietorship. First, in most jurisdictions the corporate tax rate is lower than the personal one. At $4.2 million in revenue, there may be profit that is fairly significant. As the business grows, Martha will pay significantly more taxes on the company's income at the personal rate than if it was taxed at the business rate. But there are other concerns as well with the sole proprietorship at this point. One is that it is much more difficult to capitalize the business. The sole proprietorship structure simply does not allow for that.
The second thing is that there is increased risk associated with...
AC-corporation would best serve these concerns. Your current sole proprietorship has plenty of profit to warrant the expense of a more complex form of business. You're also taxed at the highest personal income tax rates. Your sole proprietorship leaves you wide open for liability problems putting all your personal assets at risk along with your business assets. Transforming to a corporation you'll need to still carry sufficient insurance but any losses
Then they need to present the change to the employees as being realistic, reliable and measurable. There needs to be milestones set so that as the change process progresses the employees can see that the work that they are doing is actually accomplishing the goals that have been set forth. 8. What characteristics of Dr. Mimi Silbert, leader of the Delancey Street Foundation, make her approach to change so innovative
Organizational Psychology Businesses and organizations represent complex social systems that are susceptible success and failure. The field of Organizational Psychology uses psychological principles to explore the social and organizational behaviors of employees, workplaces, businesses, and companies. Organizational psychologists are concerned with all phases of the work environment, including stigmas in organizations, sexual harassment, the role of personality traits in the hiring process, and workplace culture (SIOP, 2012). Studying the behaviors of
Business Class Organizational Behavior Team Member's Names Leadership: The affects of retiring baby boomers and the attributes of next generations Leadership itself is the act or activity of leading a group, while a leader is defined as the individual that influences that cluster of people and achieves a certain objective. There has been much debate and research on the said phenomenon and related aspects. Theories of Leadership: For understanding, below are the summarized versions
Business Forms One of the most important decisions for entrepreneurs is determining the most suitable form of business ownership when setting up a business. For Adam and Laura who are seeking to establish a pet grooming shop named Dazzling Doggies Day Spa, the determination of a suitable form of business ownership is critical towards ensuring the success of their business venture. When making the decision, Adam and Laura need to consider
Legal Business Form Implemented at Treme Legal Form of Business for Treme When an entrepreneur starts an industry, he or she should always have a vision of what their business should be like and in most cases, this is done through looking at the positives that will bring success and good fortune to the business. It is very essential for an entrepreneur to have information and know how to use good production
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