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Miguel has decided to start his own business as a sole proprietor Which advantage will he receive in choosing the option?
As a proprietor his advantages are:He will pay taxes only on his businesses incomeThe business will require very little paperwork to get startedHe will be able to deduct his business expenses from his incomeAs a proprietor his disadvantages are:He is legally liable for the actions of his business. If his business gets sued or and he is ordered to pay by the court, he will be personally responsible and this could wipe out his bank account. If the business cant pay back loans, he is personally responsible.If he were to set up a corporationThe corporation will pay income taxes on its income. He will receive a paycheck from the corporation and he will pay taxes on that income as well. In other words his income will be taxed twice.The corporation will deduct the business expenses from their income for tax purposes rather than himselfThe corporation will be legally liable if the business gets sued and is ordered to pay a settlement. The corporation would be liable if loans were not paid back, not himself (unless he co-signed the loan). This could wipe out the corporations bank account but not his own.
Why are barber shops closed on Wednesday's?
Many barber shops are not closed on Wednesdays. The days a barber shop is open are decided by the proprietor.
How did the issue of choosing leaders divide Muslims?
Some muslims decided to follow the umayyad's(Sunnis) while others decided not to(Shi'a).
Is Merlite Designer Jewelry still in business?
This company is no longer in business. Unfortunately, they made a business decision and decided to shut down their company.
Miguel has decided to start his own business as sole propreitor which advantage will he receive in choosing this option.a.limited financial risk b.the ability to sell stock in your business c.enjoy ow?
A. He'll have limited financial risk. B. He'll have the ability to sell stock in your business. C. He'll enjoy ownership flexibility. D. He'll enjoy long-term continuity. C answer is on pg 167
Anne Frank moved to the Netherlands why?
As her Dad decided to start a spice business there.
What do you wear to kill someone with rainbows?
The person you want to kill is very very lucky that you've decided to do it by choosing the right outfit.
Which is better iiit jabalpur or iiit delhi?
When choosing a university, it is important to look at what courses offered, size of the school, accrediadations of the staff, and exactly what your looking for when decided. Many personal criteria will be involved in choosing what is the better university for you.
How did Collins Stewart start his business?
Collins Stewart started his business by starting out as a private client. Soon after, Collins Stewart decided to expand his Europe based business into something more.
What would be a good reply to why you have not worked in a year?
Pretend you had your own business & sold it or decided it wasn't for you.
What is a sentence using ventures?
After several unsuccessful business ventures, he decided to become a police officer.
Can I attend Harvard business school online?
if you have recently decided to go back to college to obtain a degree in business you can find information's about Harvard business school online at internets websites and other college business degree.
