Introduction
Miss Jackson is planning on opening a coffeehouse in the Denver, Colorado area. Her plan is to use her Christian background and apply it towards her company. Despite the exciting new venture she’s willing to partake, her husband Marvin is not excited and shares no interest in partaking it the Coffee shops operations or management. Shania Jackson is considering organizing her business as a partnership, sole proprietorship, joint venture or an LLC. Shania is also contemplating on calling her business the gathering house. Prior to recommending what actions Shania should take, I will study and explore each of her possible business considerations and offer her Christian advice.
Choosing the proper form for one’s business is one of the most important decisions a business owner can make. Shania Jackson has a lot of different options in her disposal. Each of the different 5 forms that
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There are no corporate tax payments, for she’ll claim and pay the taxes on income from the ‘Charming Place” as part of her personal income tax payments. Also, in a proprietor, there are bantam legal costs to incorporate her business into a sole proprietorship. Best of all there are diminutive formal business requirements.
Disadvantages of a Sole Proprietorship
Shania can be held personally liable for any debts that hasn’t been paid for or any other obligations of the business. In addition, she’ll be held accountable for any mischievous acts committed by any of her “Charming Place” employees. All of the responsibilities and decisions fall on her as the sole proprietor. Shania should also not that investors usually have doubts when considering whether or not to invest in a sole proprietorship. Due to the lack of investors, Shania will most likely have to get a loan or some sort of crowd funding to help the startup.
Advantages of a
| A sole proprietorship is easy to create; there is minimal creation cost and time.The single owner has autonomy in decision making; sole owner makes all decisions related to the business and has complete ownership of business’s finances.
On October 9, 2014, the Department of Human Services, Office of Program Review, Monitoring and Investigation (OPRMI), Fraud Investigations Division received a Report of Overpayment that former customer, Ronald Jackson (Mr. Jackson) was receiving benefits in DC and Maryland.
Kerry Middleton is a fifty-two year old Caucasian male and is currently married to his wife Sherrifor more than 20 years. For the past several months Kerry has been experiencing night sweats,repetitive nightmares and extreme amounts of anxiety. Most nights Sherri has to wake him aftersweating profusely and shaking in his sleep. When he is finally woken up, it becomes difficult for him tofall back to sleep. During the daytime Kerry has reported feeling terribly disconnected to hissurroundings. He often finds himself in a place of despair and self-hatred. Kerry daily indulges in anenormous amount of alcohol and from time-to-time recreational drugs to convince him-self thateverything is going to be ok. Up until a few months ago Kerry was the Chief
MILLERSBURG — Holmes County commissioners on Monday took the first step toward placing a sales tax increase on the November ballot.
Shania Jackson, a woman of strong Christian faith wants to open a coffee shop named “The Gathering Place,” on the outskirts of Denver, Colorado. Shania has a lot of issues to consider before opening her first coffee house. I will take a look at Shania’s case and come up with the best options for her to run a successful business using biblical scripture.
Discussion: Commissioner Everett explained the purpose of this agreement. It is to assist the property owners in the acquisition and installation of a backwater valve that will prevent or reduce sewer backups on the owner’s premises. Commissioner Everett and Commissioner Metzger believed from discussions with Mike Jones it was up to $1,000.00, however neither of the Commissioners could locate an amount in the agreement. Therefore, Commissioner Metzger tabled the approval of the agreement until Mike Jones can verify the amount and the context of the agreement.
I would advise Shania that an LLC would be the best form of business to accomplish her goals. Shania wants to open a Christian coffeehouse and already has a name in mind. Colorado LLC laws allow LLCs to be formed with one or more members, taxes them at a lower rate like partnerships and sole proprietorships, and provides the members with lower liability that protects them from the company’s debt (Scrofano, n.d.). This form of business will give Shania the ability to name her company what she wants and run it how she wants. The limited liability is also desirable.
Sidney Jackson resides in East Orange, NJ. Her career goal is biology, but not sure. Sidney has concerns that she will be dismissed from the program if she does not do well. She did not pass her quizzes in math and reading. In addition, she worries that her parents do not trust that she will not do what she is supposed to do in the program. The student is dorming in the Vodra Hall during the summer program. She gets along with other students and is torn between going to hang out with them or to do homework. During Sidney’s academic career at NJCU, she would like to play basketball. Her goal moving forward for the rest of the summer program is to ask for extra help and study for
In the past years Jackson have dealt with major decrease in profit, decrease in patient services and more. However, Jackson Memorial was able to keep a positive net income because of its non-operating revenue. Both income statement and balance sheets are analyzed and compared with Jackson’ competitors to show some of the improvements. In addition, several of the organization’s aspect are finalized, including corporate and business strategies. Although Jackson started to experience major changes such as increase in revenue, increase in patient services, as well as increase in Medicare and Medicaid patient revenue under the leadership of appointed CEO, Carlos A. Miyoga. Jackson entered into new related business lines to build new facilities and
Monique Johnson, President of the Tenant Association for Throgs Neck houses held a meeting for her residents addressing all hot water and heating concerns. Monique tactically used our offices precense to intimidate and emphazise the lack of services Management has been providing. I made multiple inquiries to Luis Ponce, Senior Vice President for Operations Support Services, R. Knapp, Heating Services & Operations Director, Javier Almodovar, Deputy Director of Heating Services, Keven Wells, Administrator of Heating Services and Throgs Neck houses superintendent Wallace Vereen. NYCHA’s heating division explained the process and common occurrences on how hot water and heating services are affected. Management assured all the residents a trial
On September 22, 2015, DVR review of the register revealed that Jevon Johnson was closing the register. The electronic journal roll revealed that the register was even when it closed. The cash was taken after the register was closed and Jevon was observed separating the cash into two piles before putting the cash into the wallet. A review of Johnsons cash voids revealed that before closing at night on 4 separate occasions, Johnson would take a cash sale done earlier in the day and void it out just before she closed the register.
Mary Jackson, 27 years old female, was evaluated at the University of Florida Speech and Hearing Clinic on October 10, 2017 because of her complaints of hearing difficulties, vertigo, and tinnitus. She reported the following: often asking people to repeat themselves, dizziness, balance complications, high-pitched tonal ringing in the right ear, and an increased difficulty in understanding conversational speech, especially in the presence of background noise, since becoming pregnant. Mrs. Jackson had a family history of hearing loss from her maternal side due to otosclerosis. She reported a hearing screening had been done approximately 10 years ago while in high school and results indicated normal hearing. The patient experienced drastic changes in her daily routine: discomfort, embarrassment, and social isolation. Her listening needs include communication with her newborn and family members, co-workers, and social networking.
In this case Stan is thinking about starting a toxic waste disposal business. He is considering operating this business as a sole proprietorship. Although this is a valid business organization it also carries numerous disadvantages, if not all aspects of the company are taken into account. I will explain some possible conflicts Stan can encounter as a sole proprietorship, and I will recommend an alternative form of business organization that may become more beneficial. After taking into consideration the two different operations I will come to a
If I were treating Jackson (and his family) I would like to know more about his father and sister’s mental health status and treatment history. Such information would likely to shed light on how the family has dealt with psychological challenges. Their past and current response to emotional challenges would help me understand Jackson’s resources within the family (see Jones-Smith, 2014). Such information can be obtained through an intake questionnaire, individual clinical interview, and interview with family (e.g., parents). It would be helpful to use multiple methods to gather information for obtaining the accurate picture of Jackson’s circumstance.
But with advantages, there are also disadvantages of owning your own business. Five disadvantages of a sole proprietorship are: 1) The owner is personally liable for all debts and incurs all losses. The sole proprietor is responsible for all debts that the company owes. The owner takes all losses. There are no other owners to