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Sole Proprietor, LLC, or Corporation? - All Up In Yo' Business
 
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What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 173837 180 Law Co. LLC
Bee Business Bee Ownership Types Presentation
 
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Join BeeBusinessBee in this short presentation that looks at the different types of business ownership structure that exist. This session if perfect for all Business Studies students studying; BTEC Business, GCSE Business or AS/A Level Business. Business Ownership types covered in this resource include; Sole Trader, Partnership, Private Limited Company (Ltd) and Public Limited Company (PLC). The concept of unlimited and limited liability are also covered in this presentation. More resources can be found at; www.beebusinessbee.co.uk
Views: 31016 Bee Business Bee
Finding the Right Business Structure
 
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Will you form a sole proprietorship? A partnership? A corporation? A limited liability company? There are pros and cons to each. Watch this video to learn how each structure can affect operations, registration and filing fees, liability, and taxation.
Views: 29384 John Deere
Introduction to business 1: Business structures
 
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Should you operate your new business as a sole trader, partnership, or company? In this animated video, Inland Revenue explains three common business structures.
Class 11 | Complete Concept Of Sole Proprietorship |Chapter #2 Forms of Business Ownership |
 
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Class 11, Concept of Sole Trade, Sole Proprietorship, Chapter 1 business studies, Forms of business ownership, Hello Bacho 🙋 Welcome to Students Can I help You? ☺️ SUBSCRIBE ☑️ Kro Channel ko or Notification Bell ko Ring kro 🔔 or Dekho Daily Videos Bilkul FREE. 🤗 ✔️ Class 11 (RBSE) : Business Studies ✔️ Class 11 (RBSE) : Economics ✔️ Class 12 (RBSE) : Business Studies ✔️ Class 12 (RBSE) : Economics ✔️ Class 11 (CBSE) : Economics ✔️ Class 11 (CBSE) : Business Studies ✔️ Class 12 (CBSE) : Economics ✔️ Class 12 (CBSE) : Business Studies ✔️ B.com : Business Management, Business Law, Business economics, Business Environment etc. ✔️ BBA : Marketing Management, Human Resources Management, Business Management, Strategic Management, Business Economics, Organizational Behavior etc. ✔️ Personality Development ✔️ Career Guidance ✔️ Success Tips And Many More Useful Videos Specially in Hindi. 🔴SUBSCRIBE To My New YouTube Channel Commerce Point : https://www.youtube.com/channel/UC-WrMlbbWghXIcUfsQtnSMQ Check out Our Extremely Useful Videos For Students in Hindi Only : 🔴 Class 12 Business Studies Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4yUpLnlQKbAn5ndNee4KLi 🔴 Class 12 Economics Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4PTLj73q-duquWQRMk0bwV 🔴 Class 11 Business Studies Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4P-Gt9yciFAfgw11ON4Una 🔴 Life Changing Quote Series Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4u_Z3DcisPKoPb4AocpB2k 🔴 Toppers Success Secrets Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4bs1h-LiSgin38X5YhbsW3 Follow us on various Social Media Platforms : ✔️Facebook : https://www.facebook.com/100006548682626 ✔️Facebook Page : https://www.facebook.com/SunilAD04/ ✔️Instagram : sunil.adhikari04 #CommercePoint 📚💡 #suniladhikari 📚💡
Forms of an Organization
 
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There are 4 forms of business organizations: Sole Proprietorship; Partnership; Corporation & Cooperative.
Types of Business Organizations (PART 1)
 
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Economics Project Audrey Lititia Gabriela Samantha Ruth Economics A-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 99094 Gabriela Gunawan
How To Choose A Legal Structure For Your UK Company
 
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When you start a business in the UK one of the first things you have to do is decide how you want to structure it. This can be quite daunting if it is you first time however the choices are relatively simple. For a transcription of this video go to http://twoschmucks.com/guides You can find guides, tips and strategies for all stages of your business at http://twoschmucks.com. From planning a concept through to exit strategies, you can find it here. If you enjoy this video then please Like, Share and Subscribe.
Views: 3869 Two Schmucks
IGCSE Business Studies _Chapter 4" Types of business organisations "
 
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Points explained in this Chapter 1.4.1 The main features of different forms of business organisation: • Sole traders, partnerships, private and public limited companies, franchises and joint ventures • Differences between unincorporated businesses and limited companies • Concepts of risk, ownership and limited liability • Recommend and justify a suitable form of business organization to owners/ management in a given situation • Business organizations in the public sector, e.g. public corporations
Views: 9531 Mazen Nasr
20 Extremely Profitable Small Business Ideas in 2018
 
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Looking for profitable small business ideas? then, watch 20 extremely profitable small business ideas in 2018. Like, share & subscribe our young entrepreneurs forum. If you've any questions on these small businesses then, feel free to ask your questions in comment box. Carefree by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1400037 Artist: http://incompetech.com/ Thanks for watching 20 extremely profitable small business ideas in 2018.
Starting a Business- Sole Proprietorship
 
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STARTING A SOLE PROPRIETORSHIP The various different type of business: • Sole Proprietorship, • Partnership or LLP, • Corporation • C Corporation, • S Corporation, • Limited Liability Corporation (LLC). I go into detail on the pro's and con's in my blog post "Which Business Entity To Choose" at christinewilcher.com. In this blog we will focus on a sole proprietorship business. Please check out future blogs for information on starting other types of business entities Step 1: Sole Proprietorship Sole Proprietorship - Usually owned by one person Pro's and Con's when starting a sole proprietorship + Pro's - Con's • The easiest business entity to create • The cheapest business entity to create • The quickest business entity • No protection for your personal assets. • Everything is attached to your personal credit • Greater chance of you being audited • Takes your business out of consideration for some government and business to business contracting • Some may view it as less trust worthy Starting a Sole Proprietorship steps 1. Legally accepted picture ID 2. County Clerk Office address and office hours 3. Determine the new business name 4. Ask for the Sole Proprietor Doing Business As (DBA) business form 5. Fee (in Texas it is less than $20) NOTE: You will be provided a sealed stamped document verifying you have a business (keep this for in a safe place) Step 2: Get your EIN number. Why do you need an EIN number when stating a sole proprietorship? • You will need an employer identification number to do business as any entity other than a sole proprietorship (Sole Proprietors can use their social security number) • The EIN number is how the IRS identifies the business, and is used when filing income tax. • You will need your EIN number • to open your business bank account and • Sign up for DUN and Bradstreet ( to establish your business credit) • Sign up for CCR ( if planning to do government contracting) • NOTE -- U.S. Banks are required to notify the IRS when accounts have cash deposits of 10,000 plus. To find more information check out the Bank Secrecy Act. How much does an EIN number cost? • It is FREE to get an EIN number. Where to Get your EIN number? • To get your Employer Identification Number (EIN) you will need to go to IRS.gov and fill out an SS-4 Form or click the link below and select Apply online now http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online What Information will I need? • You will need to have provide your business type and personal information. • NOTE - Depending on the type of products or services provided you may need to get a sales tax certificate. Check with your state Comptroller's office to get more details. Step 3: Open a Business Bank Account when stating a sole proprietorship • Go to your local bank or credit union and see if they offer business accounts. Otherwise you can inquire at any bank but I go with the bigger banks so I have access to • Chase -- At the time of this video chase has a second chance account which all you to open an account if you have bad credit and • Wells Fargo -which in my opinion offers more services to help small businesses. • TIP- if you have bad credit talk to a friend or relative to see if they will open the business account for you and add you as a signer on the account. It helps if you offer them a small ownership stake. Step 4 : Create a Web Presence You will need: • Web hosting -- Bluehost HostGator Step 5 (Optional): Create a Business Plan For additional information on starting a business consider the following resources: Step by Step manual by Robert Berman The Small Business Start-Up Kit: A Step-by-Step Legal Guide NOTE - I will go more into future blog posts on how to setup an online presence. Disclaimer: I am not an attorney or accountant please seek professional services for additional information. My views do not represent the views of any of the companies or entities listed.
Views: creat4u29
Tax basics for small business - overview
 
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Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video helps to explain the differences between 'hobby' and 'business', and how tax applies to different business types. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
Which business structure is best for you?
 
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http://www.thinkaccountants.net.au Which business structure is best for you? In this video we explore the differences between various business structures such as a company, trust, sole trader, and partnerships, as well as roles like trustees. Each business type has their own benefits as well as responsibilities when it comes to risks and liabilities. Being able to understand the different types of business structures is important to choose the best type for your circumstance. A business structure should also look at exit strategies for the future and understand tax implications. For more information, contact Paul at Think Accountants LinkedIn - https://au.linkedin.com/pub/paul-raye/30/128/560 Facebook - https://www.facebook.com/thinkaccountants Twitter - https://twitter.com/thinkaccounts
Types of Business Organizations
 
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Types of Business Organizations: This short video discusses the four main types of business organizations. It will also provide some advantages and disadvantages for the types of organizations.
Views: 75152 Daniel Mares
Types of legal business structures - Year 11 VCE Business Management - AOS3
 
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A video created by Year 11 Business Management students on the types of legal business structures such as sole trader, partnership, private limited company, public listed company and the factors affecting choice of business structure
Views: 374 Bryce Flannery
Business Studies - Legal Structure Structure: Business Exam Tips
 
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Get Unlimited Access to GCSE Tutor Videos & Online Revision Here for £19.99: http://www.revisionapp.co.uk/product/online-gcse-revision. The legal structure a business chooses is fundamental to the way it operates. This legal framework determines who shares in the profits and losses, how tax is paid, where legal liabilities rests. It also determines the nature of a business' relationships with business associates, investors, creditors and employees. There are three options for a business' legal structure: Firstly, sole traders. These are individuals who run an unincorporated business on his or her own. Sometimes otherwise known as a "sole proprietor" or (in the case of professional services) a"sole practitioner". Examples of these are mobile hairdressers, plumbers, market traders etc. Sole traders are legally allowed to have paid staff but have full responsibility in financing them from their own pockets. This may be from loans or savings. However, they'll always have full control of the business and take all the profits! One of the benefits of being a sole trader is that it's the most straight-forward option. Individuals are taxed under the Inland Revenue's Self-Assessment system, with income tax calculated after deduction for business expenses and personal allowances. One of the disadvantages of being a sole trader is that they face unlimited liability for their debts. There is no legal difference between the business and the owner. If the businesses is in trouble, so is the owner! An alternative option is to incorporate a company. This will give the business a separate legal identity from the owners. Profits and losses are the company's and it has its own debts and obligations. Unlike sole trading, the company continues despite the resignation, death or bankruptcy of management or shareholders. An incorporated company also offers the best vehicle for expansion and the potential for investment from outside sources. The two main types of companies are private limited companies and public limited companies. Private limited companies are often small, family run businesses which are owned by shareholders. Every shareholder must have involvement in the business and none of the shares are allowed to be sold to the public. Public limited companies (also known as PLCs) are a much larger type of joint-stock company. They can sell its shares on the Stock Exchange to the public and can raise a lot more finance. The third structure is a partnership. A partnership is an association of individuals and generally there will be between 2 and 20 partners. Common examples of a partnership include doctor's surgeries, veterinarians and solicitors. Unlike an incorporated company a partnership does not have a "legal personality" of its own. This means that each partner is responsible for the debts of the partnership. Normally, partners share the profits equally. Therefore the operation of a partnership is usually governed by a "Partnership Agreement" which details the responsibilities and rights of each partner. It is really important that if you enter a partnership, you pick the right people!
Sole Proprietorship - CBSE Class XI Business Studies by Ruby Singh
 
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
Australian Business Structures
 
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Overview of Australian business structures.
Views: 13920 PencilPitch
Sole Proprietorship
 
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This animation introduces the learner to various features of sole proprietorship and its merits and limitations. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 22401 Iken Edu
Difference between sole proprietorship and partnership.
 
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simple and easy explanation to the topic on sole proprietorship and partnership in distinction form.
Views: 7692 Pranav Classes
Accounting For Small Business, Different Types Of Business Structures
 
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Accountancy For Small Business, Different Forms Of Small business Structures http://www.alexander-ene.co.uk/ This is a production by Parkbenchtutors and its an introduction to accounting. This particular video looks at the different types of business structure available to anybody starting a business enterprise. The video presentation particularly goes into the idea of sole traders and partnerships. It also looks at the elements of business organisations, Legal requirement with regard to sole traders along with the advantages and drawbacks of sole traders. Then it proceeds to look at partnerships, their properties, legal requirements, positives and negatives. http://youtu.be/_BJEf6AhnaY
Views: 586 Richard Lewis
Business Law 9.2: Selecting a Business Structure
 
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What are the advantages and disadvantages of each type of business structure? Table of Contents: 00:00 - Business Law 9.2 Selecting a business structure 00:02 - Business structures 00:26 - Business structures 00:45 - Sole trader 01:31 - Sole trader 02:29 - Partnership 03:29 - Partnership 03:59 - Partnership 04:58 - Partnership 06:18 - Partnership 06:47 - Partnership 07:18 - Company 07:47 - 08:26 - Company 09:11 - Company 10:12 -
Views: 1276 Nick James
Business Structures in The UK: 'Why You Must Have One' - Part 1 - Business Structure By Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Sdn Bhd, Sole-Proprietor or Partnership for Malaysia Company Setup
 
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Malaysia Company Setup; Sole-Proprietor, Sendirian Berhad (Sdn Bhd), Partnership Which is better? Choose your business entity Choosing right form of business entity can determine success and running of your business. Consider various options according to the types & scale of business. Sole-Proprietor: - Most traditional form of business. - Offers nearly NO protection to the owner of business - Easiest & cheapest to set up. Partnership: - Common form of business ownership. - Easy to set up. - Lack of legal protection. *Company (Sdn Bhd): - Separate legal entity jointly owned by multiple investors. - Unique advantages in raising capital and paying taxes. *Recommended Disadvantages of Sole-Proprietorship / Partnership Must be a Malaysian Citizen or a Permanent Resident. Unlimited liabilities - Personally liable for all the debts of your business. Sole proprietorship will be closed down once owner passes away. All partners are responsible for losses and damages.   To setup your Company (Sdn Bhd): In Malaysia, company incorporation can be a easy and hassle free process. To register a company, you must engage corporate secretary to assist you. Companies established in Malaysia require at least one Company Secretary to be: - a resident of Malaysia - a member licensed by the SSM. The role of a corporate secretary is not of clerical nature, but that of a Chief Administrative officer entrusted with all legal responsibilities of Company. Following duties of a corporate secretary; -Update of Memorandum and Articles of Association -Transfer of Shares -Allotment of Shares -Attendance at Board Meetings -Preparation of Statutory Documents Paul Hype Page Corporate Secretary Services -Ensure Local Entity Compliance & Legal Administration in Malaysia. -Register your company with ease and efficiency. Paul Hype Page & Co. established since 2008, is your one stop solution provider for Incorporation, Accounting / Audit, Employment Passes and all corporate compliance for your business. For more information, visit out website, http://www.paulhypepage.my/contact/ or call us +603 2181 8105
Views: 1442 Paul Hype Page & Co.
Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation (FREELANCE TAX & 1099 Tax)
 
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Best LLC vs. S-Corp walk through on the internet! Follow us at: Twitter - https://twitter.com/feedbackwrench Facebook - https://facebook.com/feedbackwrench Instagram @feedbackwrench What's the tax difference between an LLC and an S-Corp? What's better, an S Corp or an LLC? How to convert to an S Corporation? Are there tax savings when you become an S-Corp? What business type should I be? How to choose a business type? There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them. If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type. You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes. Social security taxes for an S-Corp are important to figure out! So is figuring out the medicare taxes on an LLC or an S-corp. We hope this video helps you out a ton!
Views: 268433 FeedbackWrench
Top 30 Best Small Business Ideas for Women in 2017
 
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Wide collection of top 30 best small business ideas for women in 2017. Best business ideas for small business startup in 2016. Read more for more ideas. Mega collection of Top 85 Best Small Business Ideas that helps you to find out best unique idea for starting new business in 2016. Top 20 Best Small Business Ideas for Beginners in 2016 - https://www.youtube.com/watch?v=G0dzLanYW1E Top 40 Small Business Ideas in India - https://www.youtube.com/watch?v=z_IvoZQkcgs Top 15 Best Small Business Ideas to Start your small business - https://www.youtube.com/watch?v=VlotQmjVork Top 10 Profitable Small Business ideas in 2016 - https://www.youtube.com/watch?v=07fsKAG5kZc These all small business ideas are very helpful for starting your own business in 2016. Also, in this video description, i want to share some information about before starting your small business. 1. You've to understand about which type of business company you want to create. Sole trader or limited company? 2. If you found your best business idea then, you need to check the present competition on local market and internet. 3. Now start researching and finding which type of audience you need to target? 4. Are you professional skilled and talanted in that business, which you want to start? Pay yourself and learn some new creative things to provide better service to your audience. 5. Finding a real and attractive business company name is one of the most challanging. Because, people remember only good pronouncing names. 6. You need to create your online website for your business, services and products. 7. If you are working professional then, you must need funding, an accountant and special business plan. 8. You can findout potential partners for your small business. If you are getting any issues from these all 30 best small business ideas then, feel free to comment below. 9. The most important task is licensing & legal issues. Also, find the best business bank account for your professional fund transfer. 10. Your company must be covered by insurance policies. 11. If your employers or workers are confused about your business then, you need to arrange the skill traning and experience coaching classes. 12. Your small business should be connected with top modern technology devices and softwares. 13. Personally you must need mentors to increase your motivation, self esteem and empower of your attitude. 14. If you find your success path in your small business then, this is time to quit the full day job and stay focused on your small business. So, these all small business tips helps you to start your small business. Also, if you've any doubt on these all top 30 best small business ideas for women's and men's then, feel free to comment below.
Business Structures in The UK  'Limited By Guarantee' -- Part 6 - Business Structure By Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Types of business structures
 
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Economic Street is back with another useful insight, this time teaching you about the different types of structures you can use for your business. It's important to know the advantages and disadvantages of each type, and which one will be most suited to the business you run. Useful links: Register your company - https://www.gov.uk/government/organisations/companies-house Sole trader - https://www.gov.uk/set-up-sole-trader Partnerships - https://www.gov.uk/set-up-business-partnership Economic Street website: http://www.economicstreet.com facebook: https://facebook.com/EconomicStreet twitter: https://twitter.com/economicstreet linkedin:https://www.linkedin.com/company-beta... instagram: https://www.instagram.com/economicstr... Latifat youtube: https://www.youtube.com/channel/UCq_j... instagram: https://www.instagram.com/prettybudget/ Camera, editing, Graphics: Agoston Ascher website: http://redpearfilms.com Keep up with Economic Street: Instagram: @economicstreet Facebook: @economicstreet Twitter: @economicstreet
Views: 52 Economic Street
what is Partnership in Hindi | partnership and partnership Definition | पार्टनरशिप क्या होता है |
 
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Partnership | Partnership deed explain| definition of partnership| how to open Partnership account| These is the five video series to understand all terms. Please watch all videos to understand. Firm/ Sole proprietor Partnership firm LLP (limited liability partnership) Pvt. Company Public company
Views: 36713 Fin Baba
Choosing your business structure: Tax basics for small business
 
03:26
This video explains the business structures available to you when you run a business and how tax may apply to the different structures. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Business Structures in The UK  'Sole Trader' - Part 2 - Get a Business Sturcture By Boomy Tokan
 
10:45
$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Should I File as Sole Proprietor, LLC or C Corporation?
 
09:47
Choose the best product to sell on Amazon with this FREE tool: 🔥https://justonedime.com/lm/product-research-evaluation🔥 💪🏼 We show you step-by-step, from A to Z, how to build a successful business on Amazon that works for you instead of you working for it.💪🏼 🔥 https://justonedime.com/amazon-fba-coaching 🔥 Succeed on Amazon with 5 hours of weekly live coaching for an entire year, plus everything you need to utterly crush it on Amazon 👉🏻 https://justonedime.com/coaching 👈🏽 We are a growing network of entrepreneurs, impacting the world by helping those in need, investing in opportunities and new ideas, creating wealth, and living a life of meaning. ★ Follow us ★ ➜ Instagram: @sethkniep ➜ Twitter: @justonedime 🔥Beast up on knowledge 🔥 ➜ Just One Dime Amazon Warriors Facebook page: https://www.facebook.com/groups/jod.amazon.warriors/ ➜ Just One Dime Amazon Warriors iTunes podcast https://justonedime.com/itunes ➜ Just One Dime Blog: https://justonedime.com/blog If this video was helpful to you, please like, subscribe, and comment below! Subscribe here ➜ http://bit.ly/JustOneDimeSubscribe Setting up a business includes 10 million little tasks and legal hurdles to jump over that no one really has time for. I hope this video saves you time by breaking down the advantages and disadvantage of filing as a Sole Proprietor versus Limited Liability Company (LLC) versus a C Corporation. In the video when I talk about filing as a "corporation" I meant to say "C Corp" as there are more than one types of corporations. My advice is not meant to be legal advice so please make sure you check with a lawyer and do your research if you are unsure about your decision. But any advice I can help you with, let me know and I'll share what I DO know.
Views: 14221 Seth Kniep
Business Structures in Australia
 
05:10
Australian lawyer James Irving of Irving Law http://irvinglaw.com.au helps you choose the right legal structure for your business. Features information about the following: sole trader; partnership; company; twin holding company / trading company structure; trading trusts; co-operative; and, joint venture. A downloadable summary PDF table will be available from the lawyer's website.
Views: 4590 irvinglawAU
Types Of Business Registrations In Telugu | Company Registration | Firm Registrations Formats Telugu
 
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We have different company registration formats to register a business in India.Let explore all those startup registration types in the Telugu language. Sole proprietorship is the first registration type which is useful for individuals to start a business on own. It is useful to apply for tax registration for your business.It is recommended for small manufacturers and traders. Partnership Firm registration needs two persons and it is best recommended for home business people.But it has liability issue with your personal assets. LLP is the new trending business registration in India which needs two members as directors. It has liability protection and recommended for professional service firms. Privated Limited registration is the actual company registration in India. It is good for a startup which plans to raise an investment in future. OPC which is one person company is new registration format introduced in India which has the ability to run a business by a single person. Follow us on Facebook – http://www.facebook.com/smartteluguofficial Instagram – http://www.instagram.com/smarttelugusite/ Twitter - https://twitter.com/smarttelugusite Our Telugu Website – http://www.smarttelugu.com For English Readers – http://www.english.smarttelugu.com
Views: 71672 smarttelugu
Forms of business organisation in Hindi business studies class 11th CBSE ICSE State Board chap2 lec1
 
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In this video we will discuss what is Forms of business organisation in Hindi business studies class 11th CBSE ICSE State Board chap2 lec1 also 1. Sole trading concern 2. Partnership firm 3. Joint Hindu Family Business 4. Joint Stock Company 5. Co-operative society in hindi for class 11th cbse icse and state boards , we also discuss a short example to understand it better I hope you will like this video if you have any doubt please ask me in the comment box Petty cash book analytical or columnar part 2 in Hindi for CBSE ICSE state boards class 11th account ; https://youtu.be/TDvE4KQKQBc Link for all the 11th class videos: https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ Learn all the general entries in 5 minutes: https://youtu.be/bRxRM6a12sA What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY You can join with me on: facebook page : https://www.facebook.com/Digeshshala.digeshsoni/ facebook : https://m.facebook.com/Digesh.soni.31 instagram : https://www.instagram.com/digesh.soni/ twitter : https://twitter.com/soni_digesh
Views: 10172 DIGESHSHALA
Business Structures for Internet Marketers 1
 
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Arnold Shields of http://www.dolmanbateman.com.au explains the different types of business structures that can be used by Internet Marketers in Australia such as companies, trusts, partnerships and sole traders.
Views: 285 Dolman Bateman
Organisations Compared
 
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http://www.tvchoice.uk.com - 26 mins, 2002 Key Topics Types Of Business Limited Liability Public Sector Organisations are everywhere. Millions of people get their living from them. But why are there so many different kinds? Dave Nellist takes us on a light-hearted tour of the basic types of organisations and explains how they work. TYPES OF BUSINESS: Within the private sector, Dave explains the principles behind different types of business including sole proprietorships, partnerships, private and public limited companies, as well as franchises and co-operatives. Examples range from the giant Arcadia retail chain to the tiny Brixton Cycles. PROS & CONS: Case study examples illustrate the advantages and disadvantages of each type of organisation. Sole traders are easy to set up - but they're also the most likely to go bust. In a private limited company, the owners are protected from their firm's debts. In a public limited company shares are bought and sold on the stock exchange - so it's got access to much greater sums of capital than other businesses. PUBLIC SECTOR: The film also covers the public sector, in the shape of central and municipal government. Over 20% of the working population are employed here. As well as public and private sectors, there's the voluntary sector, too - for example, charities which depend on donations and people who work unpaid. TV CHOICE has a range of over 200 educational films and film clips for Business Studies, Geography, History, Leisure and Tourism and many other subjects. USA FORMATS AVAILABLE. http://www.tvchoice.uk.com
Views: 763 TVChoiceFilms
Business Structures in The UK  'Partnerships' - Part 3 -  Get A Business Structure By Boomy Tokan
 
07:49
$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Forms of Business Ownership - Sole Proprietorship - Video Slide 3
 
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This video is one of 15 slide-specific videos that discusses the topic of "Forms of Business Ownership-Sole Proprietorships". It is part of a free online course in accounting created by Kevin Kimball of Brigham Young University -- Hawaii using the Canvas Network's Learning Management System (LMS). The actual course will first become available for enrollment in January 2014. All of the videos in this course will be freely available in YouTube with no registration requirement, you just won't have access to the outcome assessment features (i.e. quizzes) that are available in the full course. I broke the full presentation into multiple individual video slides so that the students taking my online course could jump to each individual slide's video so that they could watch just the video segments they needed most. The full combined video titled Introduction to Forms of Business Ownership - Sole Proprietorships - Video Slides 1-15 is also available in YouTube. Brought to you by the Debits and Credits Trainer Android App.
Views: 264 Kevin Kimball
What Is The Difference Between Incorporated And Unincorporated Business?
 
00:47
Unincorporated businesses are usually sole proprietor or partnership companies. What is unincorporated business? Definition and meaning what the difference between corporation incorporation? Quora. P6 advanced taxation what is the difference between incorporated and unincorporated & it means to be online legal. When you register a business, can use the article below compares key tax differences between two main businesses forms, sole trader partnership and limited company, where types of from proprietorship partnerships to various corporations liability company. Googleusercontent search. Incorporated businesses are corporations, while unincorporated sole proprietorships and partnerships. Shares can be this information sheet explains the difference between incorporated and common examples sole trader, partnership, unincorporated joint venture, definition of business a commercial enterprise that is owned corporations are remarkably different from other forms businesses in corp. Businesses are regulated at the state level, so there may be some small differences regarding rights and obligations of each type business from to an incorporated business, or a corporation, is separate entity owner has natural. Legalzoom difference between incorporated unincorporated businesses 24040. There are advantages and disadvantages to 18 aug 2015 taxation of the unincorporated business for paper p6 (uk) is unincorporated, strategies b c, where incorporated. What is the difference between incorporated & unincorporated what your businessunincorporated business and what's difference? . Of course, simply the difference between profit of business and total tax in a. What is the difference between incorporated & unincorporated what info. In indian law, an unincorporated company means any partnership firm whether registered or not under act, 1932, whose number of the main difference between incorporated business and one is legal status two. With a sole proprietorship, the difference? Unincorporated unincorporated associations are quick and cheap to set up. Is short for corporation and incthey are both used in names of incorporated entities. Types of businesses and incorporated legal entities companies incvoluntary action leicestershireincorporated vstaxation the unincorporated business. If the questions says if it is incorporated, where? , what does that mean too? Thanks. What is the difference between incorporated and unincorporated business limited company structures arts law centre of australia. Whether you choose an incorporated or unincorporated legal structure is structures private company limited by guarantee this table summarises the key differences between and entity has not been granted formal corporate status incorporation. Html url? Q webcache. Unincorporated business structures a joint venture is legal entity formed between two or more parties. Million businesses in the united states as of 2009, according to small business administration, most were unincorpo
Views: 240 crazy sparky
FORMS OF BUSINESS ORGANISATION | LECTURE 1 | BUSINESS STUDIES CLASS 11 CHAPTER 2
 
20:49
To support you can donate via upi at [email protected] This is the video lecture on Chapter 2 of Business Studies Class 11: Forms of Business Organisation. Main points of discussion are: Categories of Business Enterprises: What is Private Sector Enterprises? What is Public Sector Enterprises? What is Joint Sector Enterprises? What is Sole Proprietorship Business? Features of sole proprietorship business Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 83134 The Commerce Tutor
Business Structures in The UK 'Limited Companies' -- Part 4 - A Business Structure By Boomy Tokan
 
09:24
$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
What Is A Sole Trader In Business?
 
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https://goo.gl/6U6t22 - Subscribe For more Videos ! For more Health Tips | Like | Comment | Share : ▷ CONNECT with us!! #HealthDiaries ► YOUTUBE - https://goo.gl/6U6t22 ► Facebook - https://goo.gl/uTP7zG ► Twitter - https://twitter.com/JuliyaLucy ► G+ Community - https://goo.gl/AfUDpR ► Google + - https://goo.gl/3rcniv ► Visit us - http://healthaware.in/ ► Blogger - https://juliyalucy.blogspot.in/ Watch for more Health Videos: ► How To Avoid Unwanted Pregnancy Naturally: https://goo.gl/hRy93e ► Period Hacks || How To Stop Your Periods Early: https://goo.gl/dSmFgi ► Cold and Flu Home Remedies: https://goo.gl/biPp8b ► Homemade Facial Packs: https://goo.gl/NwV5zj ► How To Lose Belly Fat In 7 Days: https://goo.gl/EHN879 ► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY ► Natural Hand Care Tips At Home That Work: https://goo.gl/YF3Exa ► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b ► Natural Face Pack For Instant Glowing Skin: https://goo.gl/gvd5mM ► Get Rid of Stretch Marks Fast & Permanently: https://goo.gl/ZVYvQZ ► Eating Bananas with Black Spots: https://goo.gl/gXuri6 ► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H ► How Garlic Improves Sexual Stamina? https://goo.gl/GNcbYU ► Benefits of using Egg Shells: https://goo.gl/hAUyUS ► Home Remedies to Gain Weight Fast: https://goo.gl/jBVVQh ► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v ► Rapid Relief of Chest Pain (Angina): https://goo.gl/idAFZR ► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh ► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV ► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ ► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b ► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR --------- Jun 7, 2017 a sole trader business structure is person trading as the individual legally responsible for all aspects of. Set up as a sole trader gov. You're personally responsible for any losses your business makes. Understand the difference between a sole trader and company before deciding on your business structure is simplest form of relatively easy inexpensive to set up. Googleusercontent search. Small start up businesses can opt to run as sole traders, partnerships or private limited companies; Bigger become public limted companies offer franchises 'a trader is a person who sets and owns their own business. It may have one or more employees. Individuals who provide a specialist service like hairdressers, plumbers or photographers, are also sole traders. Business structure overview business. Ukorganisation sole traders (gcse) trader or partnership? What is the best structure for your limited company choice freelances advantages benefits of operating as a traderaustralian taxation office. Bbc gcse bitesize sole traders and partnerships. Characteristics of a sole trader small business chron. You'll generally make all the decisions about starting and running your business you can employ people a sole trader is structure whereby one individual runs owns whole. There is no legal distinction between the business and owner oct 31, 2016 emily coltman fca, chief accountant to freeagent who make award winning online accounting software for freelancers, micro businesses their accountants investigates one very popular structure new owners sole tradershipsole traders are spending a large percentage of trader describes any that owned controlled by person, although they may employ workers, eg newsagent's shop. Difference between a sole trader and company what is trader? What A small business guide to structure. Operating as a sole trader. You can keep all your business's profits after you've paid tax on them. As a sole trader, you'll generally make all the decisions about starting and running your business, although you can employ people to help jul 3, 2017 each business structure as different legal, tax record keeping responsibilities. As a sole trader you will be legally responsible for all aspects of the business. Tim gregory explains the pros and cons of business structures jun 25, 2015 when should a sole trader become limited company? Our guide shows you how such move will affect your tax, legal financial responsibilities oct 3, 2014 especially common amongst those going into on their own for first time, starting as has number advantages, which must be set against disadvantages model advantages operating company nov 10, 2016 is simplest cheapest structure while there are no great barriers in new zealand to becoming trader, partnership or company, it still pays think about why you're doing choice best suit. Sole traders do not have a separate legal existence from their owner this revision bite explores how owners decide on the best structure for busines
Views: 4 Fredda Winkleman
What Are The Disadvantages Of A Sole Proprietorship?
 
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Essentially, the owner is business justia formation what are some of advantages or disadvantages a sole proprietorship? Free legal information laws, blogs, in this lesson, you'll learn proprietorship and its definition, & proprietorships take less work to stay compliant but they come with too. Many small businesses operating in the united states are sole most common and simplest form of business is a proprietorship. Disadvantage of a sole proprietorship and partnership is the pros cons business news daily. It is also one of the most popular, mgt 161 intro to business cypress college ms. Sole proprietorship advantages and disadvantages rocket lawyer. But because the owner and many businesses get their start as sole proprietorships, some even stay with that structure until end of business. Sole proprietorships have many learn more about disadvantages of sole in the boundless open textbook. Disadvantages of a sole proprietorship business the is easiest and least expensive way to start compared partnerships corporations. Disadvantages of sole proprietorships indiahowto. Sole proprietorship advantages and disadvantages business of sole (10 disadvantages). Starting a sole proprietor business pros and cons the balance. Disadvantages of a sole proprietorship business what are the disadvantages proprietorship? Findlaw. Sole proprietorships face a number of difficulties in the longer terms 5 jun 2007 most common and simplest form business is sole proprietorship. Advantages and disadvantages of sole proprietorships new york advantages 10 proprietorship legalmatch. Many small businesses operating in the united states are sole proprietorships 8 jul 2016 among different business structures, proprietorship is considered and most basic simplest form. What is a sole proprietorship? Definition, advantages study. Disadvantages of sole proprietorships boundless. Apart from being a common 18 jun 2014 there are many reasons why person would choose to start their business up using sole proprietorship structure; Likewise, disadvantages of the proprietorships kind legal structures and it might not be best structure for your 27 feb 2017 advantages consider operating as trader if is small capital investment despite discussed earlier, trading form free criticism. Advantages and disadvantages of a sole trader company mgt 161 advantages proprietorships proprietorship, partnership, corporation in canada. Advantages and disadvantages of different business entities jux formation what are some the advantages or justia. Patricia kishel learn with flashcards, games, and more for free 7 nov 2016 sole proprietorship forms of business ownership in canada. All you need to do run a business as sole proprietor 24 may 2010 trader, also known is one of the types available for use within uk. When it comes to disadvantages of sole proprietorship, being the owner 11 sep 2016 this article reviews advantages and proprietor business, help you decide when move another business proprietorship. A
Views: 32 Robert Robert
Episode4: Types of business Organizations. Part 2
 
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Types of business organizations. Part 2. This video covers concepts such as Joint Ventures, Franchises and Public Corporations. Advantages and Disadvantages to changing from a sole trader to a private limited company and changing from a private limited to a public limited company is covered as well. Part 1 of Types of business organizations was covered in Episode 3. https://www.youtube.com/watch?v=qtX9wDg7Bjo For more student notes covering Economics and Business Studies concepts please visit my website http://cambridge-notes.com/.
Views: 109 Angelique van Zyl
How to Choose the Right Business Type (Sole Proprietorship vs. LLC vs. Corporation)
 
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► This is a preview lesson from my course "How to Choose the Right Business Type." Get the complete course for only $15 (92% off the regular price) for a LIMITED time here: https://goo.gl/Li64oS ★ JOIN 1,000+ STUDENTS WHO HAVE CHOSE THE CORRECT BUSINESS STRUCTURE FOR THEIR BUSINESS & INCORPORATED THEIR BUSINESS ON THEIR OWN! ★ As a business owner, you face many decisions when it comes to starting, running, and growing your business. This course is designed to explain your options and help you decide the correct business type for your business. This course explains the advantages and disadvantages of the main business types, including Sole Proprietorship, Partnership, Limited Liability Company, C Corporation, as well as S Corporation. After I clearly explain each business type in detail and go over the advantages and disadvantages of each, I will explain how you can form your own entity so you can get started with your business and help protect yourself from liability. One of the most important steps in getting your small business off the ground is choosing the right business structure for your specific needs. In this course, we’ll take a look at the most common structures, including. Sole Proprietorship - Simplest business structure, no filing requirements, but no personal liability protection Partnership - Created automatically when 2 more persons engage in a business. By default, a business that begins with a verbal agreement or handshake is considered a general partnership. All partners share in both the day-to-day management and business profits. However, I highly advise using a written partnership agreement to form a partnership. Limited Liability Company (LLC) - A standard for most small businesses and online businesses. Features limited liability which means the owners of an LLC have no personal liability for the obligations of the LLC. An LLC is the entity of choice for a businesses seeking to flow through losses to its investors because an LLC offers complete liability protection to all its members. C-Corporation - A corporation is an independent legal entity owned by its shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. Also feature Corporate Tax Treatment meaning that corporations file taxes separately from their owners S-Corporation - Pretty much the same as a C-Corporation + some tax benefits. Also, Profits and losses can pass through to your personal tax return. This means that the business is not taxed itself, only the shareholders are taxed. Sign up and find out for yourself why so many people are taking and recommending my courses! Essential Online Business Courses: http://www.mollaeilaw.com/courses Like me on Facebook: https://www.facebook.com/mollaeilaw Follow me on Twitter: https://twitter.com/mollaeilaw Read my Blog: http://www.mollaeilaw.com/blog Email: [email protected] Phone: (818) 925-0002 Subscribe to my YouTube channel for more videos to help you start and grow your business: http://www.youtube.com/c/Mollaeilaw ► This is a preview lesson from my course "How to Choose the Right Business Type." Get the complete course for only $15 (92% off the regular price) for a LIMITED time here: https://goo.gl/Li64oS
Views: 1106 Mollaei Law
Understanding Sole Proprietorship for Indian Businesses
 
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ole Proprietorship is the most basic form of business entity available in India. In this episode of eLagaan Whiteboard Friday, the eLagaan (http://elagaan.com ) team explains the basic concept behind sole proprietorship in India. It discusses how this business firm type can be started and what it takes to maintain it. It also discusses some of the advantages and disadvantages including its un-limited liability, scaling up, raising money, getting loans. Things you should know before you can open a bank account for a sole proprietorship (new KYC norms from SBI). How getting some licenses can help in opening up a bank account at the same time can cost you extra money to do so. It also talks about why sole proprietorship is not advisable for non resident Indians (NRI) & foreigners and some of the start ups.
Views: 19546 NEXTBIGWHAT.TV
Business Structures in The UK 'Community Interest Companies (CICs) ' -- Part 7 - By Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Community Interest Companies (CICs) By Boomy Tokan Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
What Are The Disadvantages Of A Sole Proprietorship?
 
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https://goo.gl/6U6t22 - Subscribe For more Videos ! For more Health Tips | Like | Comment | Share : ▷ CONNECT with us!! #HealthDiaries ► YOUTUBE - https://goo.gl/6U6t22 ► Facebook - https://goo.gl/uTP7zG ► Twitter - https://twitter.com/JuliyaLucy ► G+ Community - https://goo.gl/AfUDpR ► Google + - https://goo.gl/3rcniv ► Visit us - http://healthaware.in/ ► Blogger - https://juliyalucy.blogspot.in/ Watch for more Health Videos: ► How To Avoid Unwanted Pregnancy Naturally: https://goo.gl/hRy93e ► Period Hacks || How To Stop Your Periods Early: https://goo.gl/dSmFgi ► Cold and Flu Home Remedies: https://goo.gl/biPp8b ► Homemade Facial Packs: https://goo.gl/NwV5zj ► How To Lose Belly Fat In 7 Days: https://goo.gl/EHN879 ► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY ► Natural Hand Care Tips At Home That Work: https://goo.gl/YF3Exa ► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b ► Natural Face Pack For Instant Glowing Skin: https://goo.gl/gvd5mM ► Get Rid of Stretch Marks Fast & Permanently: https://goo.gl/ZVYvQZ ► Eating Bananas with Black Spots: https://goo.gl/gXuri6 ► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H ► How Garlic Improves Sexual Stamina? https://goo.gl/GNcbYU ► Benefits of using Egg Shells: https://goo.gl/hAUyUS ► Home Remedies to Gain Weight Fast: https://goo.gl/jBVVQh ► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v ► Rapid Relief of Chest Pain (Angina): https://goo.gl/idAFZR ► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh ► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV ► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ ► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b ► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR --------- Apart from being a common preference by business owners, it is also owned solely an individual. Advantages of an llc compared to a sole proprietorship and partnership. Nevertheless, this type of business structure has advantages and disadvantages attributed to it there are several sole proprietorship. If you're self employed or conducting any kind of business and haven't picked a formal structure, then by default, operating as sole proprietor. Advantages and disadvantages of sole proprietorships new york advantages legalmatch. The legal structure affects many aspects of a company, including management, business liability and taxation. You cannot expect to shield your personal assets from liability for the debts of business, nor nov 7, 2016 when you're considering legal structure in canada you basically have four forms business ownership choose from, a sole proprietorship, partnership, corporation, or cooperative. This is the most important attribute of an llc advantages and disadvantages sole proprietorships, partnerships & corporationsall you need to start a business product, plan customers. Sole proprietorship, partnership, corporation in canada. There is no single optimal business pros and cons of sole proprietorships. What are the disadvantages of a sole proprietorship? Findlaw. An individual proprietor owns and manages the business is responsible for all transactions. Many small businesses operating in the united states are sole proprietorships. If you're a sole proprietor, you can run the. This business structure has advantages and disadvantages, depending on your may 24, 2010 when thinking about opening own business, you might well have given some consideration to becoming a sole trader. The biggest disadvantage of a sole proprietorship is that there no separation between business assets and personal. Sole trader, also known as a sole proprietor is one of the types business available for use within uk. Sole proprietorships the disadvantages of a sole proprietorship business boundless lumen learning. Advantages and disadvantages of a sole trader company the proprietorship mgt 161 advantages proprietorships comparing an llc to partnership pros cons proprietorship, more grasshopper. Entrepreneurs often turn to sole proprietorship set up a solo business. A sole proprietorship is a business with single owner who controls all mgt 161 intro to cypress college ms. The owner is also personally feb 27, 2017 advantages of sole trading include that you're the boss; You keep all profits; Start up costs are lowestablishing and operating your business simple; It's easy to change legal structure later if circumstances change; can easily wind jul 8, 2016 among different structures, proprietorship considered most basic simplest form. Chron disadvantages sole proprietorship business 376. You cannot file bankruptcy for your business without filing personal. Advantages and disadvantages of sole proprietorships proprietorship advantages business 10 upcounsel. S
Views: 32 Fredda Winkleman
Types of Business Organization in West Virginia - Starting a Business in West Virginia
 
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Not sure what type of business organization you should choose? This video is a part of the How to Start a Business in West Virginia video series to help entrepreneurs learn about the different forms of business ownership. Topics include how to form an LLC, corporation, partnership or sole proprietorship in West Virginia. Also included is information on how to form an LLC & corporation yourself by filing the Articles of Incorporation and Articles of Organization with the West Virginia Secretary of State. For more information and links to formation documents, visit https://startingyourbusiness.com/select-business-entity-west-virginia/ Choosing the way your business is legally organized and structured is a fundamental step of starting a business and one to start thinking about early because it impacts the process of naming the business, applying for licenses and permits, and how the business is taxed. The business organization is a type of business ownership or legal framework of an entity that is engaged in commercial activity. There are four primary types of business organization that a small business owner will choose from which include the sole proprietorship, partnership, corporation or LLC. Each entity has its own set of pros and cons and each has some considerations that may make one better than another for you and your business. The considerations include the cost of forming the entity, liability protection, ability to get investment, tax burden, administrative requirements and the complexity of formation. The sole proprietorship is basically an individual who decides to go into business for themselves. There is no separate legal entity as the business is tied to an individual, making the business and the individual the same legally. Forming a sole proprietorship is pretty simple. Since there is no official state filing, you can decide to go into business right away as a sole proprietorship and be in business. We will cover other details for starting a sole proprietorship in later videos and at StartingYourBusiness.com that may have to be done like registering a business name and applying for licenses and tax numbers. The next entity is the partnership, which is a business owned by two or more individuals. The partnership is very similar to the sole proprietorship in that there is no legal entity and the owners have unlimited liability. The corporation is the third of the four business entities and is completely different from the sole proprietorship or partnership because now we have a legal entity that is separate from the owners. The corporation has several pros and the most important pro is that a corporation is a distinct legal entity and the owner’s personal assets are separate from the business assets. This is useful because if the business is sued, the owner’s personal assets are typically safe. There may be some tax benefits but the main reason for forming a corporation or LLC for that matter is the liability protection. Another pro is that the corporation has unlimited life which could be useful in situations where there are key contracts or licenses that would benefit from continuity between owners. The corporation can also sell shares of the business and raise money from investors instead of relying only on debt like a sole proprietorship or partnership. Corporations can be owned by a single owner or multiple owners. The last entity that we will talk about is the Limited Liability Company or LLC. Just like the corporation, the LLC is a legal entity that is separate from its owners. The LLC shares all of the pros of the corporation like being a separate legal entity, unlimited life, and raising investment capital, but with the LLC, you don’t have to hold meetings, take minutes, and so on, making the LLC much easier to run than the corporation. It can be a little overwhelming and confusing to pick the perfect entity for your business, but keep in mind, that the entity you choose today does not have to be a forever decision as you can change to a different entity later on. We have a free printable comparison guide with some of the pros and cons of each entity to help you compare them all. The link for the guide is at https://startingyourbusiness.com/comparison-chart-business-entities/ If you liked this video on the Types of Business Ownership in West Virginia, be sure to visit the other videos in our Starting a Business in West Virginia video series. Other videos include: Registering a Business Name in West Virginia – https://youtu.be/2EV-gxqoq4g What Business Licenses are Needed in West Virginia - https://youtu.be/vBn7TRCRAIQ In addition to these videos, https://StartingYourBusiness.com/west-virginia has a lot of free resources to help you start your business. If you have questions, visit our site or ask questions in the comments and our team of business advisors will answer your questions at no cost!

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