Description Of A Sole Proprietorship - 2552 Words

Sole Proprietorship Description A Sole Proprietorship is a business solely possessed by one person. The individual owner makes all the decisions and is held accountable for any matters pertaining to the business. An example of this is a lawsuit, due to the fact that legally the identity of the owner and the business is one and same. As a result of this lack of separation often times the owner is not required to register as a business unless a fake name is in use or certain services requiring a license are being offered. Two Advantages The first advantage of a Sole Proprietorship is that the owner makes all the decisions, without the need to consult anyone else. The second advantage is that the profits belong to the owner and he decides what to do with the money or how to invest it. (Russ, n.d) ( Two Disadvantages One disadvantage of a Sole Proprietorship is that the owner is solely liable and has no protection since his identity and personal finances are not separate in this model of business. The second disadvantage in a Sole Proprietorship is that if the owner were to die or if he wanted to retire and wanted to pass the business on to his children, he couldn t in a sole proprietorship so the business would end. Liability In a Sole Proprietorship, there are no limits on liability since the sole proprietor and the business are one and the same, thus if there was a legal dispute the business would not be sued, but the owner would. When it comes to money the soleShow MoreRelatedTutorial of Enterpreneur1126 Words   |  5 Pagesbetween the founders by following the amount of initial investment between the founders. Items that include in a founders’ agreement are nature of the prospective business, a brief business plan, legal form of business ownership, buyback clause, description of the initial operating capital and others. It is important for a team of entrepreneurs to have one in place when launching a venture because it can avoid the conflict such the problem between the founders regarding the profit sharing and distributionRead MoreBenefits Of A Limited Partnership1538 Words   |  7 Pages Limited partnership Description A Limited Partnership is made out of one or more broad partners and one or more constrained partners. The general partners deal with the business and share completely in its profits and misfortunes. Constrained partners partake in the profits of the business, yet their misfortunes are restricted to the degree of their venture. Constrained partners are normally not included in the everyday operations of the business. Two Advantages Being a limited partner limitsRead MoreThe Current Scenario of Setting Up a Business1375 Words   |  6 Pagesbasic type of taxed based business organizations are follows Sole proprietorship Partnership C Corporations S - Corporations The nature of each type of state recognized business organization, their tax, legal and accounting interventions are presented below. Following the description of each type of business organizations the later portions expresses the type of organization Decent Designer is going to be. Sole Proprietor Sole proprietor business organizations are unincorporated in natureRead MoreEssay On Opportunity Cost888 Words   |  4 Pagesthat are below a moderate risk. Sole Proprietorship Sole proprietorships, partnerships, corporations, and Limited Liability Companies are a few of the legal structures to choose from. Any potential proprietor can claim any legal entity if all requirements are satisfied. A sole proprietorship is the method of business ownership; one person owns business, receives all profits, and is personally liable for all debts (Jennings 685). Advantages for sole proprietorships are nominal costs, no formal requirementsRead MoreMarketing Analysis : Shania s Business1350 Words   |  6 Pagesbusiness. In addition, she should have an elaborate process of sourcing for workers, and it should avoid violating biblical rules, family expectations, and ethical practices. Sufficing these needs can then be followed by the registration of a sole proprietorship. This is the best, simplest, and manageable business form considering the outlined simplistic expectations of opening a Christian oriented coffeehouse. Starting Naming a Business It is important to realize that different businessRead MoreBusiness Plan Essay examples606 Words   |  3 PagesUnisex Salon is a Sole Proprietorship owned by Chris Forte. Chris Forte plans to incorporate Shear Perfection Unisex Salon one day, but for now Chris is totally responsible for the salon. 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 substantiallyRead MoreLegal Forms of Business1082 Words   |  5 PagesThis paper will also justify why the corresponding business form is preferred. The forms that will be discussed are: sole proprietorship, partner, limited liability partnership, Limited Liability Company, S corporation, franchise, and corporate form. Sole Proprietorship A Sole Proprietor is someone who owns a business by himself or herself. The sole proprietorship is the oldest, most common, and simplest form of business. In this organization, the business is owned and operated byRead MoreEssay On Corporate Tax1401 Words   |  6 Pagesentities. Selecting the right type of corporation for small business can helps operational success. There are different types of business structures include limited liability companies (LLC), partnerships, S corporations, C corporations and sole proprietorships. My research paper will focus on the difference of corporate tax between those business structures. What is most favorable that small business structures owner will choose for their businesses? What is tax liabilities before and after theyRead MoreAn Introduction With A Thesis Statement1064 Words   |  5 Pagesbusiness entity and recommend that Acme Fireworks company should not operate as a sole proprietorship. Create an outline of the major headings with a two- to three-sentence description of what you will discuss under each heading: Common law or Uniform Commercial Code (UCC): Here I will explain why I think Acme Fireworks should use Common Law. UCC and common law have many differences for example common law requires a description of the quantity, price, performance time nature of the work and identity ofRead MoreEssay Explaining Basic Accounting Concepts and Business Structures754 Words   |  4 Pages(Kieso, 2007, p. 33). Reliability. Reliable information is verifiable â€Å"when independent measurers, using the same methods, obtain similar results† (Kieso, 2007, p. 33). Reliable information is a faithful representation when the â€Å"numbers and descriptions match what really existed or happened† (Kieso, 2007, p. 33). Reliable information is also neutral, which means â€Å"the company cannot select information to favor one set of interested parties over another† (Kieso, 2007, p. 33). Secondary Characteristics

Jane Addams Essays - 2774 Words

Jane Addams Jane Addams was a Victorian woman born into a male-dominated society on September 6, 1860 in Cedarville, Illinois. Her father was a wealthy landowner and an Illinois senator who did not object to his daughter’s choice to further her education, but who wanted her to have a traditional life. For years after his death, Addams tried to reconcile the family role she was expected to play with her need to achieve personal fulfillment. Jane was born into a rich family and could have very easily become a housewife with few worries. As a little girl, she once tried on a beautiful coat and asked her father, John Addams, if she could wear it to church. Jane’s father advised her to wear an old cloak instead, which would keep here†¦show more content†¦Jane was sent to Rockford Female Seminary in 1877, but desperately wanted to one day attend Smith College, where she could earn a respectable degree. Although the Seminary was not considered a college when Jane enrolled, it was a respected institution that was mostly attended by white, Protestant, middle-class women. However, Jane could not fit into even those broad categories. She was constantly asked to declare her faith and pressured to become a foreign missionary. But Jane never could accept Christ’s divinity. Writing to Ellen Gates Starr, a religious friend she met at Rockford and a lifelong friend, she said of Jesus, I think of him simply as a Jew living hundreds of years ago, surrounding whom there is a mystery (and) a beauty incomprehensible to me. I feel a little as I do when I hear very fine music – that I am incapable of understanding. Jane was elected president of her class and was adored by her classmates. One of them would write, However mopey it might be elsewhere, there was intellectual ozone in (Jane’s) vicinity. Yet Jane struggled at Rockford to find a sense of direction and purpose, eventually deciding that she would study medicine after graduation. It was a difficult time for her and she would later write that women were not educated to become leaders, but to be a symbol of her father’s protection and prosperity.Show MoreRelated Jane Addams Essay1214 Words   |  5 Pages Jane Addams founded Hull House in 1889, along with her friend Ellen Starr. Jane had a very compassionate heart from the time she was a young girl. Everywhere she went, Jane had a desire to help people less fortunate than herself. Janes father helped shape her to become more charitable to others less fortunate. Even as a young girl Jane wanted to know why all people did not live in nice homes with yards like her own. One day she saw a part of town that was run down and she could hardly believe thatRead More Jane Addams Essay1370 Words   |  6 Pagesfor their time period. Despite her family’s honorable place in society, one woman rose above the gap between the classes in order to help individuals, who were less fortunate than she. Her name was Jane Addams and this paper will focus on her life-long contributions to help the poor.   Ã‚  Ã‚  Ã‚  Ã‚  Jane Addams was born on September 6, 1860, in Illinois. Her mother died when she was only three years old leaving her with only a father and 8 siblings. Her father became her backbone of her life and was responsibleRead MoreJane Addams : A Life Of Dignity1109 Words   |  5 Pagesever seen or thought of an ongoing problem and wanted to do something about it. Well Jane Addams did that, she took action in a problem at a very young age. She saw all the poor and the less fortunate and helped them. Through the hardships, life in the fast lane, and medical issues, she helped many people start their lives all over. So, how did Jane Addams go from a life of privilege to a life of servitude? Jane Addams was many things. She was a pacifist which means she was anti war supporter. She wasRead MoreJane Addams And The Hull House1577 Words   |  7 PagesJane Addams and the Hull House Can you imagine living in a run-down neighborhood, with streets full of garbage? How about having to watch young children play in the streets wearing dirty, ragged clothes? Jane Addams grew up in a place like this, and she wanted to make changes in the world, so she founded the Hull House. How did the Hull House have a positive impact on people and America? It helped create new laws, teach immigrants important skills, improved education, and inspired others to fightRead MoreEssay about Jane Addams1930 Words   |  8 PagesAn American pragmatist and feminist, Hull-House founder Jane Addams (1860-1935) came of age in time of increasing tensions and division between segments of the American society, a division that was reflected in debates about educational reform. In the midst of this diversity, Addams saw the profoundly interdependent nature of all social and political interaction, and she aligned her efforts to support, emphasize and increase this interdependence. Education was one of the ways she relied on to overcomeRead MoreFighting For Social Reform : Jane Addams1218 Words   |  5 PagesSocial Reform Though not widely known, Jane Addams’ influence and ideals can be seen throughout society. Born many years ago in 1860, the solutions for which she strived for are ageless. Women were considered the weaker sex, and forced to conform to traditional feminine roles such as staying at home and being primarily a nurturer. The issues that Jane Addams fought for, such as social justice and equality, are issues still prevalent in today’s society. Jane Addams aspired to create a world in which everyoneRead MoreEssay about Jane Addams1854 Words   |  8 PagesAn American pragmatist and feminist, Hull-House founder Jane Addams (1860-1935) came of age in time of increasing tensions and division between segments of the American society, a division that was reflected in debates about educational reform. In the midst of this diversity, Addams saw the profoundly interdependent nature of all social and political interaction, and she aligned her efforts to support, emphasize and increas e this interdependence. Education was one of the ways she relied on to overcomeRead MoreJane Addams And Gloria Steinem1903 Words   |  8 Pagesachievements are still recognized and remembered today. Jane Addams is a historical feminist who changed the lives for the women of her time, and is still talked about to this day. While feminism was huge in the earlier years of America, there are contemporary feminists who fight for the rights and equality of women that are still not met. In recent years, Gloria Steinem has spoken up for the equality of women and pushed for social reform. Jane Addams and Gloria Steinem are more than feminists, they areRead MoreJane Addams : The Mother Of Social Work1185 Words   |  5 PagesJane Addams was known as the â€Å"mother† of social work. Feminist and activist are two words that can best describe her. She was an advocate for education and better living conditions for those who did not have the means to do it themselves. Addams and Ellen G Starr opened a settlement house in Chicago, which is formally known as the Hull House. Having health problems never stopped Jane from dedicating her life to the Hull House, as well as other well-known contributions to the social work field. SeveralRead More Jane Addams and Hull House Essay1548 Words   |  7 PagesJane Addams and Hull House   Ã‚  Ã‚  Ã‚  Ã‚  Born in Cederville, Illinois, on September 6, 1860, Jane Addams founded the world famous social settlement of Hull House. From Hull House, where she lived and worked from it’s start in 1889 to her death in 1935, Jane Addams built her reputation as the country’s most prominent women through her writings, settlement work and international efforts for world peace. In 1931, she became the first women to win the Nobel Peace Prize.   Ã‚  Ã‚  Ã‚  Ã‚  Addams, whose father was an

How successful the D-Day landings were Free Essays

There were different levels of successes and failures at different areas of D-day. The British airborne had many successes. Not only were they the first units to fly over the Channel Islands, dropping ruperts and windows on Roven, but they captured all their targets (including the town of Sainte Mere Englise). We will write a custom essay sample on How successful the D-Day landings were or any similar topic only for you Order Now The Germans thought there was no chance of attack due to the abominable weather conditions that day which left them venerable. They did, of course, also experience failures. There was fierce German resistance. This obviously made it very difficult for them to reach their specific targets. Source G mentions that â€Å"much has been made of the poor quality of the German troops defending the Channel coast† I think this probably depends in which country you are in. If you are German then the story is probably told very differently. Even here in England we know that the resistance form the Germans was fierce and was indeed hard to overcome. However, with the allies good troops and their excellent new technology they managed to overcome this obstacle. Source G also mentions that the German troops brought the allies close to defeat on Omaha beach. I don’t believe this too be true. Although Omaha was one of the most difficult areas of D-day, the allies won the battle and the defences were breached. Overall, the British airborne area of D-day was very successful. Helping to capture many of the D-day targets. The US airborne was not as successful as the British. They landed 25 miles off course and lost 60% of their equipment. The postponement of D-day had meant a 48 hour vigil on the sea floor, crews endured horrific cramped conditions. The US could have been more organised, this may have led to less mistakes. However, they did eventually recoup and secure their targets. At Utah, troops pushed inland and secured the beach. US reports said operations at Utah were â€Å"smooth, perfectly coordinated and magnificent†. Nevertheless, the beach was heavily lined with mines. Overall, all went well, only real problem was with the mines, but even that was overcome. At Omaha the battle was won and the defences breached. Anyhow, there were huge amounts of casualties. Some were caused by rough seas, some by underwater beach obstacles and some by enemy fire. Lots of tanks were lost and fog and heavy cloud made off course bombs. In conclusion, although there was a devastating amount of casualties, they did finally liberate Omaha beach. At Gold the troops used Hobart funnies, which helped to keep the losses relatively light. The troops pushed into Bayeux and by 8. 00am villages were celebrating liberation. The beach was extensively mined and covered by heavy guns and the villages provided cover for the German snipers. Moreover, although there was strong resistance, the losses were relatively light. At Juno beach the Canadians also used Hobart funnies to get round the huge obstacles. By the evening the troops were heading for Caen. Although the area was protected by heavy guns, perhaps the most difficult part was getting around the obstacles such as a tall concrete wall, which all made up parts of the Atlantic wall. Source H shows some of those parts. The pictures infer ally failure. They also seem to be posed, as if they are trying to impress people with their fierce looking defences. You can see this because in the first picture, for example, there is no one on the beach, and on the third the soldier looks like he has been told to stand there for the picture. Even with all these drastic defence mechanisms, the allies still managed to clear them using the Hobart Funnies. At Sword, the biggest worry was the very strong Le Havre battery, with guns across the landing area, there was also very poor visibility. Even so, the seafront defences were breached and the population of Ouistreham was delighted to find that their liberators included a â€Å"free French† battalion. The mulberry harbours were constructed, and the teams of surgeons came over with them. Both the Americans and the British used Mulberry Harbour’s. Despite the American harbour being wrecked by heavy weather after 4 days use, the Harbours played a vital part in the success of ‘Operation Overlord’. In the first 6 days of use of the British Mulberry, 326,000 troops, 54,000 vehicles and 100,000 tons of supplies were handled. Source D is the British harbour at Arromanches. The mulberry in the picture looks very successful, with everything appearing to be in working order. Some people even go as far as saying that mulberry harbours were the greatest invention that came out of D-day. In conclusion, I think the D-day landings were very successful for the allies. After all, not only did they breach all of the German defences, they fought a victorious and courageous battle. How to cite How successful the D-Day landings were, Papers