Sharlene Johnson Student ID: 000344046 Western Governors University Task: LIT1 310.1.5-02‚ 11‚ 13 Situation A: Situation A involves an employee who requested and was granted 11 weeks of leave from work with the birth of his children. With 75 employees‚ the company meets the 50 employee and above requirement to implement the Family and Medical Leave Act (FMLA). Therefore‚ the company is required to allow up to 12 weeks per year of leave to eligible employees for medical issues affecting the
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• LIABILITIES – If the business incurs debt that can not be covered by the profit of the business the owner will be personally liable. You can be sued to satisfy the debt of the company and your personal property can be seized to satisfy company debts. • INCOME TAXES – Forming a Sole Proprietorship allows the owner to avoid the high tax rate that corporations pay due to it not being separate from the individual. • LONGEVITY/CONTINUITY – The business is the same as the owner so the business will
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TASK A Sole Proprietorship A sole proprietorship is an unincorporated business owned by one person. It is the simplest and most common type of business. It is attractive to a business owner because it is simple and offers the owner the freedom to make the business decisions and keep all of the profits. That may also serve as a draw back because the owner has to rely on themself for capital‚ knowledge and liability. A sole proprietorship does not need to meet any requirements to start.
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Memorandum To: Owner From: RE: Business Type Date: October 8th‚ 2012 Changing the type of business structure is not a small consideration. You have operated for years as a Sole Proprietorship‚ but it appears that you have outgrown that particular business type and may benefit from changing to a different type of business. Based upon our previous conversation‚ I will summarize my interpretation of your business concerns in the bullets below: • Liability. You are concerned
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The Family and Medical Leave Act of 1993 provide protection for employees who need to take leave for family or medical reasons. It provides 12 weeks of unpaid leave while the employees’ job and group health benefits are protected. All public agencies‚ public and private elementary and secondary schools and companies with 50 or more employees are required to provides eligible employees the 12 weeks unpaid leave for : Birth and care of their newborn child Placement with the employee of a child
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The Master’s Learning Institute Online Expansion Proposal Marisa Levario WGU The Master’s Learning Institute Online Expansion Proposal The Master’s Learning Institute (MLI) is a non-traditional‚ secondary home-school program established by Ms. Sherry Lyle in 1986‚ and has provided home-school services to thousand of students for over 28 years. MLI is recognized as a Christian private school and provides four programs students may enroll in‚ and upon successful completion‚ each student earns
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General partners are those who are responsible for the day-to-day management of activities‚ whose individual acts are binding on all the partners‚ and who are personally responsible for the partnership’s total liabilities. Limited partners are those who contribute only money and are not involved in management decisions and whose liability is limited to the amount of their investment. Joint Venture Joint Venture acts like a general partnership‚ but is clearly for a limited period or a single project
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IWC1 The art of renaissance and the middle ages 1. Describe the earlier period. Your description should include the characteristics of the style‚ and social conditions that may have contributed to the advent of this style. Middle ages or as it is also called‚ the medieval period was a span of about one thousand years and took place approximately from around the 5th century to the 14th century. There are two art forms of the middle ages which I would like to discuss. The first one is the Romanesque
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Task 1 At first‚ I disagree with this statement. I think Customer Relationship Management (CRM) is universally appropriate or applicable to all businesses. Customer relationship management refers to a series of processes‚ focused on initiating two-way communication exchanges with customers to have a detailed knowledge of their specific needs and buying patterns. The major benefit of a CRM system is that it helps business organizations in determining the type of customer best suited for the growth
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LIT1: Task 310.1.2-01-06 Task A Sole proprietorship 1. Liability * An owner has unlimited liability both personally and as the company owner. Liability is a disadvantage in a sole proprietorship. 2. Income taxes * The owner is responsible for filing taxes and is allowed to file taxes as part of their personal income taxes. 3. Longevity * This depends completely on the owner and there continued ability to operate the business. The operation of the business can be significantly
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