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Incorporation

Incorporation is the act of selling out shares of a company to generate revenue. Questions about incorporating, companies that are or will incorporate, or companies that are already incorporated can be asked here.

500 Questions

What documents are necessary to file a NY LLC?

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To file a New York LLC, you will need to prepare and submit Articles of Organization to the New York Department of State. The Articles of Organization should include information such as the LLC's name, address, registered agent, purpose, and the names and addresses of its members. Additionally, you will need to include a filing fee with your submission.

Where are the headquarters of Allied interstate LLC?

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Allied Interstate LLC is a collection agency and their headquarters are located in Texas. If you need to call them their hours are 9 am to 5 pm central (7 am to 3 pm on the west coast and 10 am to 6pm on the east coat). Their phone number is (800)811-4214.

In a general partnership?

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In a general partnership, two or more individuals or entities join together to run a business. All partners have equal rights and responsibilities and share in the profits and losses of the business. Each partner is personally liable for the debts and obligations of the partnership.

Can a Canadian open a us incorparate?

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Yes, a Canadian can open a US corporation. However, they will need to satisfy the requirements and regulations set by the US government for foreign individuals or entities forming a corporation in the country. This may include obtaining the necessary visas or permits and complying with any specific regulations related to their industry or business activity.

Can financial reports be accepted or received without a quorum?

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Financial reports can typically be accepted or received without a quorum. However, it ultimately depends on the specific rules and regulations governing the organization or entity receiving the reports. In some cases, a quorum may be required for formal acceptance or approval of financial reports.

How can one file for an LLC company?

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To file for an LLC (Limited Liability Company), you typically need to follow these steps:

  1. Choose a name for your business that complies with your state's LLC naming rules and is not already taken.
  2. File Articles of Organization with the Secretary of State or a similar state agency and pay the required fees.
  3. Create an LLC operating agreement, which outlines ownership and operating procedures.
  4. Obtain any necessary licenses or permits for your business.
  5. Apply for an EIN (Employer Identification Number) from the IRS.
  6. Comply with state and local tax requirements, including sales tax and income tax. Please note that the specific steps and requirements may vary depending on your state, so it's advisable to consult with an attorney or use an online service to ensure compliance.

What is family corporation?

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A family corporation is a type of business entity that is owned and operated by members of a family. It is usually structured in a way that allows family members to have ownership and control over the company. Family corporations are commonly used to pass down wealth and assets to future generations and maintain family control over the business.

Can a corporation enter into a contract before its date of incorporation?

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No, a corporation cannot enter into a contract before its date of incorporation. This is because a corporation does not exist as a legal entity until it is officially incorporated. Therefore, it cannot legally enter into any contractual agreements prior to its date of incorporation.

What are the violation fee FOR CROSSWALK IN MASS?

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The violation fee for crossing the crosswalk in Massachusetts can vary depending on the specific circumstances and whether it is a civil or criminal offense. Generally, the fine can range from $100 to $200 for pedestrian violations, such as crossing against the traffic signal or failing to yield to vehicles. However, it is best to consult the Massachusetts General Laws or contact the local law enforcement agency for the most accurate and up-to-date information on violation fees.

What kind of company is whadil heritage llc?

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Whadil Heritage LLC is a company that specializes in heritage preservation and restoration. They may engage in activities such as documenting historical artifacts, renovating historic buildings, or providing consulting services for heritage conservation projects.

What are examples of colloquial?

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Examples of colloquial language include phrases such as "gonna" (going to), "wanna" (want to), "ain't" (am not/is not/are not), and "y'all" (you all). These types of informal language are commonly used in spoken conversations and informal writing.

What is an unlimited partnership?

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An unlimited partnership, also known as a general partnership, is a business structure where two or more partners agree to share equal responsibility, liability, and decision-making authority. This means that each partner is personally liable for the partnership's debts and obligations, and their personal assets may be at risk. Additionally, partners have equal ownership and can participate in the management and operation of the business.

What is one way a general partnership differs from a limited partnership?

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Each partner in a general partnership is fully responsible for all of the business's debts

What is advantage of organizing a business as a corporation?

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Investors only risk losing the money they themselves put into a company.

When a person owns and manages a business by himself (sole proprietorship), he is liable to pay for the company's losses with his own capital and assets. If he takes the company public (corporation) and allows shares to be bought by investors, he is only limited to lose capital from the business while his personal assets remain protected. The other advantage is that in a corporation, the company will still exist if one or more owners or executives pass away and will not be affected financially.

BUSINESS ADVANTAGES OF ORGANIZING A BUSINESS AS A CORPORATION

1 - People who establish a corporation have a ready access to major sources of loans and advances e.g. banks and financial institutions.

2 - A corporation can issue its shares to public to expand its business whereas partnership and proprietorship cannot issue shares.

3 - Since a corporation employs a large number and variety of people having different expertise, it can expand and develop its business more efficiently and effectively than any other mode of business.

4 - In case of a manufacturing corporation, it can purchase raw materials on short term as well as long term credit as suppliers place a significant reliance on corporations regarding their payments.

5 - Corporations can purchase bulk supplies of required materials and supplies at cheaper rates.

'a seller cannot convey a better title to the buyer than he himself has' discuss this rule of law and point out its exceptions?

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“A seller cannot convey a better title to the buyer than he himself has.” Discuss the exceptions to this rule.

What is mtn mission statement?

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to be the leading communication company in the whole of Africa.

What is blue license holding llc?

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They are known as AT&T

Why did Mexico hire empresarios?

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When Mexico won its independence from Spain in 1821, all the territories it possessed included Mexico, most of Central America (Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica) as well as today's US States of California, Nevada, Utah, Texas and parts of Colorado, Arizona, New Mexico, Oklahoma and Wyoming.

Due to the extremely low population for such territorial extension (estimated at 12 million during 1824), Mexico relaxed its immigration policies, thus allowing American settlers to help populate the northern territories.

What lvl does swablu evolve at?

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turns into dragon/flying Pokemon Altaria at Lv. 35, no futher evolution

What are similarities between entrepreneurs and managers?

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Businessman / Business

Entrepreneur / Entrepreneurship

Own an enterprise or venture

Own an enterprise or venture

Usually a profit oriented

Costumer oriented

Usually plays safe

Bold and ambitious

May be purchased, donated or inherited

Creates his own idea and realize it as a business

Generally traditional

An innovator

Works for the Company

The Company works for him

Usually don't have time for their families and love ones

Shares enough time with their families and love ones

Usually distressed and experiences sleepless nights

Always a happy and enthusiastic businessman

Generally hire people to contribute profit

Hire people to make their lives better

Commonly commit tax evasion to save taxes and increase profit

Practice tax avoidance to save taxes and increase profit

As a conclusion, a businessman is similar to an entrepreneur because an entrepreneur is a businessman. Entrepreneur is a businessman which is not traditional but is an innovative and creative type of a businessman. An entrepreneur differs a lot from a usual businessman. His entrepreneurship is created out of his own innovative idea and creation which is realized to be placed in business or to be transformed as a good business. Entrepreneurs are also more concerned on the quality of their products and on the satisfaction of their customers rather than being too much concerned to their profits.

What country did nestle the company start in?

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The Nestle company began in 1876 in Swiszerland and now has grown to producing/selling chocolate in 86 countries.

Are primary sector growing or declining and why?

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They are declining because the UK imports primary sector goods from other countries because it is cheaper.

What is a enterprenuer?

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Entrepreneurship is what started it all. This is what sparked the second industrial revolution that made all business throughout the world possible. Government run businesses was the alternative, and ultimately private businesses won the fight. The basic model for create and running a business today is based off of the early private businesses that existed.

Being an entrepreneur means being your own boss and an independent entity. These people are often very motivated and are able to make plans and follow through with them. Being an entrepreneur could be as simple as mowing a neighbor’s lawn, but most of them end up creating large corporations and enterprises.

No formal education is really needed in order to be an entrepreneur. However, it is very wise to be educated because laws are changing and new ways of running business efficiently are best taught through a classroom setting. There are several schools in the world that offer Bachelor’s degrees for Entrepreneurships. Many more schools only offer a General Business Bachelors of Business Administration for this field. It is recommended that people deciding to be entrepreneurs take classes that are related to their field of business. For example, if they are starting a financial assistance firm, it would be wise to take finance and accounting classes.

The wages for entrepreneurs are not set in stone. This is because the people that are running the business set their own pay and wages. Small business owners tend to just take whatever profit is made after overhead and taxes are paid. Some business owners may have many employees, in which case they would set a salary for their workers and themselves. As a general rule, the larger the business, the more money the business owner will be making. However, the more money the business makes, the more likely that tax rates and utility bills will also rise.

There are so many different opportunities for majors in entrepreneurship, mainly because they do not need to get hired in order to have a job. They create their own jobs and make their own money. They often deal with their own finances and are completely independent of all outside help. Entrepreneurs are essentially free from the rule of anybody else.