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If you owe money to a business and then the business is sold then who do you still owe that money to the original owner or the new owner?
Lurk1n
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How do you cash a certificate of deposit if the original seller of CD is out of business?
A CD (certificate of deposit) is federally insured, so your money should still be available even if the original bank who issued you the CD closed. A good place to start would be to consult with a banking specialist or attorney.
If a money order has a tear in it is it still good?
A torn money order can still be utilized for business transactions especially if it is a single tear. You can replace your money order by taking the torn pieces to a bank.
Negative Owners equity?
Owner's equity = Owner's capital + Retained earnings A negative owner's equity could mean his drawings exceeded his capital or the business has made losses or both. You should check the income statement to confirm that a loss was incurred. And if everything is indeed correct, then yes, you can have a negative balance under OE If there is sufficient cash flow, you take a draw out of the buisness and you are correctly posting it to owner's draws. It will be a negative number and that is ok. It means you've taken more money out of the business than you've put into it. Now, if you've taken out bank loans, etc. and are withdrawing that money, then it may not be such a good thing, but it would still show up as a negative in owner's draws/equity.
What is Accounting for dependent branches?
This is the money that is flowing through separate parts of the business. They may not be considered the main part, but they still have to monitor the money.
What are the stages in formation of public limited company?
Stages: All companies go through various stages in their business "lives". The Concept Stage: At this point, there is no business. The future owner simply has an idea about starting a business. Research and Planning Stage: In this stage, there is still no business. The next step is to develop a Business Plan, especially if the business owner wants to secure funding and / or to lease a facility. During this stage, the future owner should be utilizing professional assistance - business advisor, accountant, lawyer, etc. The Business Launch: By now, all of the necessary preparation has been completed. The business owner is ready to open the doors. This is now a business. The Young Business: This early stage of the business usually lasts for 2 - 3 years. During this phase, most businesses are still striving to find their niche or position in the market. The Growth or Expanding Business Stage: The business has now survived its first 3 - 4 years. It has attracted a loyal base of customers. Its marketing programs are yielding positive results. It has found its place in the market. The Established Business: At this stage, the business has been in operation for more than five years and is a thriving, vibrant company. The business owner will be starting to put in place formalized systems, processes, policies and procedures. The Mature Business Stage: By now, the business has been operating for many years. For the most part things are running smoothly. The Sunset Business: Changes in technology, the economy or in customer preferences can affect one's business. These changes could result in a decline in sales, an erosion of profits and perhaps even a negative cash flow. The Exit Stage: The final stage of any business is its exit or demise. This can occur in a few ways.
If a business closes do you still owe owner money?
Of course you do.
If you business fails and your equipment is reposed and you still owe the bank money does it come from your personal property?
The business' structure determines whether the owner will be personally responsible for the debt. When the owner incorporates, they are no longer responsible for the debt of their business.
If we goto dubai on 1 year work visa and we buy a business and property there but the visa is over then are we still the owner of that property and business?
If you go to Dubai on 1 year work visa and buy a business and property there and then your visa expires, you will still be the owner of that property and business.
Can a small business owner file for bankruptcy and still protect their assets?
Probably not
If the sole owner of a business dies and there is an authorized signer on the account is he the owner of the funds?
No. The funds still belong to the company. The owner's will or estate will determine who owns the company.
If car is repossessed does the owner have to still pay original cost of car?
In most cases YES
Can a warranty deed be transferred back to original owner?
I'm not an attorney. A warranty deed can go back to the original owner. Why not? The original owner can acquire the property again; there is no law against that. The deed might still be a warranty deed, but if the deed has become clouded in some way while under other ownership, the original owner might possibly not receive a warranty deed when he gets the property back.
When franchising a small business, where are the lines drawn between owner and franchisee?
The lines that are drawn between an owner and franchisee is the franchisee provides everything that is needed to really get the business going.The owner of the business is still the owner. When franchising a small business it helps to avoid a lot of work, that an individual would have to do on their own in order to make a better success of the company. The owner is required to make certain payments to the franchise for services that are provided. If a person feels they need extra help with their business a franchise offers support.
How many gymnastics Gyms 30 years or older are still being run by original owners?
I know Dearys gymnastics in Killingly Conn. still has the original owner and they own Deary"s Gym Supply.
How can a business lose money for many years and have still plenty cash?
The business can lose money while still keeping up with loan payments. Eventually, the choice becomes whether to use the cash to reduce those loans or borrowed money.
Can you get a title if previous owner lost original?
The previous owner goes to the department of motor vehicles and fills out some paperwork. Then he pays a fee. You go with him and sign the paperwork for a new title, and pay a fee. If he had not lost the original title, he would not need to go to the department, fill out the paperwork, and pay the lost title fee. The original owner must go to the DMV to get a duplicate. In some states the owner can sign an application form for a duplicate and anyone can take it to the DMV but the title will still be issued to the original owner.
Is the original Mustang from the movie Bullitt still around?
Rumours abound. One is that it is kept in a barn in Ohio by an unknown owner
