Corporate tax

Firstly, sensibly, the name must be unique. No LLC may use an existing name to identify as, to prevent tax and brand confusion. Secondly, the business must identify clearly as an LLC somewhere in its brand name. Last, one cannot include a restricted or prohibited word in the name of the company, such as anything that can identify as a federal or state institution

most common and most favored option for individuals who want to establish a small business in Pakistan, or want to start a home-based business. This form of business is used by majority of start-ups on Pakistan, and it is the simplest way of giving corporate face to a small business Formation Following are the main steps to start a sole proprietorship business: · Finalize a business name. · Print basic business stationary i.e. letterheads, visiting cards etc. · Prepare firm's name stamp (a common

Company (LLC). He could operate his business as a sole proprietorship, which is simpler to start and requires few legal formalities. Also he would only pay personal income taxes and no corporate income tax. As he is projected to have little to no profits for the first three years there is no downside to the tax considerations. Once the business is under way, however, the sole proprietorship form may become problematic if additional investors are needed or the personal financial risks of the business

Introduction More and more people are beginning to open their minds to new business ventures. It seems like it is becoming the popular move. By opening a business there could be huge profit to be made, depending on the market. On the other hand, there are risks and losses that may occur as well. It is said that there are two reasons why people start a business. The first reason is because they have inspiration for what they believe would be a great idea and the second is from desperation

Unit 01 The Business Environment Beamish is a local ‘Not-for-Profit’ organisation offering a celebration of North Eastern English heritage between the 1820’ to the 1950’. While employing 300 full time staff and over 400 active volunteers this local attraction now pulls in over 600,000 visitors throughout the year; creating g a £9,000,000 turnover then a £7,000,000 breakeven resulting in a £2,000,000 annual profit. Operating in 300 acres of County Durham farmland Beamish encompasses all aspects of

I. Cyber Edz Internet Café Profile A. History An Internet café serves up a bank of computers with high-speed Internet access for public consumption. The customer gets charged by the minute or the hour, or might purchase a monthly pass. The Internet café might also serve food and beverages, but this isn't always the case. One breed of Internet café that persists to a lesser degree is geared towards multi-player gaming, but generally cafés were intended for surfing the Net. That could mean collecting

Part A On 1 July 2011, Kookaburra Ltd acquired an item of plant at a cost of $200 000. The plant has an expected useful life of eight years, and Kookaburra Ltd adopts the straight-line method of deprecation. The tax depreciation rate for this type of plant is 25%. The company tax rate is 30%. Kookaburra Ltd measures plant at fair value. At 30 June 2012, Kookaburra Ltd determines the fair value of the plant to be $186 000. Due to recent developments in plant technology, the remaining useful

Owning Your Own Business There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages. Five advantages for owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn’t shared with anyone else. The profit is not split among partners, or

factors affecting the type of business organizations that an owner should form, so that it is most beneficial for him and the product or services provided. In this paper, the four business structures are evaluated and the association of the legal, tax and accounting implications with the different structures are also discussed. Suppose that the government has released funds to set up small businesses, I would set up a language services company. The services will include translation, transcription

Assignment QUES. 1- Sanjeev Kapoor is an expert in making bakery and confectionary products with loads of talent and encouragement from everyone. He wants to go in for his own bakery and confectionary venture. But he doesn’t have much by the way of money and infrastructure. He knows of some and friends, who might be willing to associate with him to provide necessary funds and infrastructure. What sort of business organization should he go and why? ANS. – With the expansion of business, it became