Advantages Of A Sole Proprietorship Business Essay

Advantages Of A Sole Proprietorship Business Essay According to Investor words .com, macro environment is the external elements that exist outside of a companys control that can significantly impact its performance and ability to compete in its marketplace. Examples of macro environment elements are the economy, government policy-making, technology, social conditions, and nature. For companies with a global foot-print, their exposure to macro environment elements is magnified. In other hand, according to Business Dictionary, macro environment is The major external and uncontrollable factors that influence an organizations decision making, and affect its performance and strategies. These factors include the economic factors; demographics; legal, political, and social conditions; technological changes; and forces. Specific examples of macro environment influences include competitors, changes in interest rates, changes in cultural tastes, disastrous weather, or government regulations. Body A business and its forces in its micro environment operate in larger macro environment of forces that shape opportunities and pose threats to the business. It refers the major external and uncontrollable factors that influence an organizations decision making, and affect its performance and strategies. These factors are Economic Factors The most important external economic influence on a business is the level of competitiveness in its market. This factor determines how much profit a company can make. Other factors, like consumer demand, tax rates and interest rates, affect businesses by determining how much people are willing to pay for their products and how much of the resultant revenue must be given to the government. Social Factors Social factors determine what a business can and cannot do. Businesses that engage in racist marketing campaigns or abuse their employees may be subjected to boycotts, divestment campaigns, and other devastating forms of social backlash. Thus, social mores determine the informal rules that businesses must play by. Legal Factors Laws determine the formal rules that businesses have to play by. Business laws deal with competition: for example, no monopolies; employment: minimum wage; and taxation; among other things. Businesses that form illegal monopolies, for example, may be subjected to lawsuits and broken up into smaller businesses. Because the penalties for corporate malfeasance are so severe, most businesses take the law very serious. Political Factors Political issues occasionally come to influence the activities of the business community. Corporations often spend many billions of dollars lobbying to influence political decision makers for this reason. Businesses may get involved in politics, for example, when their international operations come under fire from human rights groups, or when a high-profile politician recommends an increase in corporate taxes. Environmental Factors Environmental factors have profound effects on the way businesses operate. The availability of natural resources in a given area determines whether resource companies could profit from operating there. The presence of pollution determines whether it is safe for businesses to put employees in a certain area. Environmental laws regulate the extent to which businesses themselves are able to pollute. Conclusion Macro is large and environment is world. Marco environment is large number of force which operates. Macro environment is very important to the economy factors because the level strongly wanting to be more successful than other people.Sosial factors is what to make something develop in a particular way or be of a particular type in business. When we involve in macro environment, we should follow the law of .Dont try in legal factor as well. Politics issue is happening or done from time to time to make business more interesting. Last but no list, environmental factors is showing great knowledge or understanding the way make business operate. Introduction Sole Proprietorship A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner. You are entitled to all profits and are responsible for all your businesss debts, losses and liabilities. Partnership A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labour or skill. In return, each partner shares in the profits and losses of the business. Because partnerships entail more than one person in the decision-making process, its important to discuss a wide variety of issues up front and develop a legal partnership agreement. This agreement should document how future business decisions will be made, including how the partners will divide profits, resolve disputes, change ownership (bring in new partners or buy out current partners) and how to dissolve the partnership. Although partnership agreements are not legally required, they are strongly recommended and it is considered extremely risky to operate without one. Body Sole Proprietorship Forming a Sole Proprietorship You do not have to take any formal action to form a sole proprietorship. As long as you are the only owner, this status automatically comes from your business activities. In fact, you may already own one without knowing it. If you are a freelance writer, for example, you are a sole proprietor. But like all businesses, you need to obtain the necessary licenses and permits. Regulations vary by industry, state and locality. Use the Licensing Permits tool to find a listing of federal, state and local permits, licenses and registrations youll need to run a business. If you choose to operate under a name different than your own, you will most likely have to file a  fictitious name  (also known as an assumed name, trade name, or DBA name, short for doing business as). You must choose an original name; it cannot already be claimed by another business. Advantages of a Sole Proprietorship Easy and inexpensive to form: A sole proprietorship is the simplest and least expensive business structure to establish. Costs are minimal, with legal costs limited to obtaining the necessary license or permits. Complete control. Because you are the sole owner of the business, you have complete control over all decisions. You arent required to consult with anyone else when you need to make decisions or want to make changes.   Easy tax preparation. Your business is not taxed separately, so its easy to fulfil the tax reporting requirements for a sole proprietorship. The tax rates are also the lowest of the business structures. Partnership Types of Partnerships  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There are three general types of partnership arrangements: General Partnerships  assume that profits, liability and management duties are divided equally among partners. If you opt for an unequal distribution, the percentages assigned to each partner must be documented in the partnership agreement. Limited Partnerships  (also known as a partnership with limited liability) are more complex than general partnerships. Limited partnerships allow partners to have limited liability as well as limited input with management decisions. These limits depend on the extent of each partners investment percentage. Limited partnerships are attractive to investors of short-term projects. Joint Ventures  act as general partnership, but for only a limited period of time or for a single project. Partners in a joint venture can be recognized as an ongoing partnership if they continue the venture, but they must file as such. Advantages of a Partnership Easy and Inexpensive.  Partnerships are generally an inexpensive and easily formed business structure. The majority of time spent starting a partnership often focuses on developing the partnership agreement. Shared Financial Commitment.  In a partnership, each partner is equally invested in the success of the business. Partnerships have the advantage of pooling resources to obtain capital. This could be beneficial in terms of securing credit, or by simply doubling your seed money. Complementary Skills.  A good partnership should reap the benefits of being able to utilize the strengths, resources and expertise of each partner. Partnership Incentives for Employees.  Partnerships have an employment advantage over other entities if they offer employees the opportunity to become a partner. Partnership incentives often attract highly motivated and qualified employees. Conclusion Choosing a sole proprietorship to start your business is a relatively simple process. In fact, you elect this business set up by default if you prefer not to go through a more formal set up with an LLC or corporation. A sole proprietorship has no formal paperwork requirements unless you have to file for state or local business registration or professional licensing. The fact that a sole proprietorship is the simplest way to go into business has great appeal for many entrepreneurs. If you want to start a small one-man repair shop, writing business or lawn care service, the thought of going through tedious paperwork filing and keeping up with documentation requirements may not seem appealing. By opting for a sole proprietor setup, you simply start your company, promote it, do the work, and collect the money.

salem witchcraft trials cause and effect Essay -- essays research pape

In 1692 the area of Salem town and Salem village became very vulnerable to conflict. Severe weather such as hurricanes had damaged land and crops, the effects of King Phillips War began to impact New England society, and colonists were being forced off of the frontiers by Native peoples. The Church and the government were in heavy conflict. And those residing in Salem began to grow suspicious of one another when some prospered and others hadn’t (Marcus, p13). Suddenly people seemed very paranoid and soon residents were placing blame on one another and accusing each other of witchcraft. In a fifteen month period between 1691 and 1692 nearly twelve dozen people were accused of witchcraft in or near Salem (Norton, p8).   Ã‚  Ã‚  Ã‚  Ã‚  Although witch trials were not uncommon in Puritanical New England, none had reached such epidemic proportions as Salem. In 1691 the mass hysteria began when several young girls dabbled in witchcraft and began acting strange. When villagers took notice the girls were seriously questioned and so they began naming people, mainly woman, who had supposedly bewitched them (Boyer, p66). Several other who had been accused were woman displayed ‘unfeminine’ behavior and those who stood to inherit more economic power than most men in the area (Boyer, p66). By 1692 the young girls had continued to make false accusations of townspeople. Many of those accused were townspeople who were more prominent than others. Villagers, such as the young girl...

“Malgudi Days” by R.K. Narayan Essay

In Malgudi Days, although R.K. Narayan seems to present us with a bleak portrayal of India where life is very hard and there is very little human happiness, he means to reflect the triumph of the human spirit over the cruel circumstances of life. In India, poverty and the lack of education are prejudiced against and people are discriminated against because they are poor. In ‘A Willing Slave’, Ayah is discriminated against and treated badly merely because she is an uneducated servant. When she comes back late for the first time after her visit home, her employers imagine the worst, thinking ‘she has perhaps been run over by a car and killed’, ‘she must have taken it in her head to give herself a holiday. No one is indispensable. I will dismiss her for this.’ Although Ayah has contributed much to the family, no one but Radha appreciates it. The same goes for Sidda in ‘Leela’s Friend’, who is immediately assumed to be a thief si mply because he was an ex-convict. However, the characters are not totally unhappy. Both Ayah and Sidda have a close, loving relationship with their charges, Radha and Leela, who seem to cling on to them more than they do to their parents. The children are free from prejudice and appreciate the true value of their servants. It is also untrue that the vicious cycle of poverty condemns a person to a life of unhappiness. In the story ‘The Martyr’s Corner’, the lack of education does not mean a poor and unhappy life for Rama, who was said to be ‘earning more money than graduates’. At times, external circumstances overturn previously happy lives and characters are not in control of their destiny. In ‘The Axe’, the appearance of the developers literally tear down Velan’s happy existence and forces him to leave the house. In ‘The Martyr’s Corner’, Rama is forced to become a waiter when his life starts on a downward spiral after his ‘old spotâ€⠄¢ was taken up by a statue of a dead political leader. Yet, while the characters are not in control of external factors, they still have control over their inner lives. Rama lives with and adapts to his new environment and still retains his usual, placid manner. People also seem to be manipulated and exploited by other people. In ‘Selvi’, Mohan uses Selvi as an emotionless mannequin, even to the point where he gives her a ‘script’ to follow, all for money and his personal fame. However, Selvi’s emotional and spiritual self does not seem to be affected. She was ‘rapt in some secret melody or world of her own’ and even though Mohan controls her body, he is unable to control her mind. She  also eventually rebels and goes back to live in her old home. In ‘A Willing Slave’, Ayah seems to have been exploited by her employers. Her ‘self-imposed tasks’ go unappreciated and even when her husband takes her away, he feels ‘proud of his slave’. However, Ayah seems spiritually happy at being used, she seems to need feeling needed and is as happy serving others as they are exploiting her. It is her happiness that matters in the end. There seems to be little human happiness presented in Malgudi Days. Love causes hurt and pain, people are torn apart by conflicting circumstances. Mixed blessings give cause for lament when people cannot enjoy their rewards. In ‘Forty-Five A Month’, Venkat Rao cannot spend more time with his family as he seems to have been purchased outright for forty-five rupees. However, as we look behind his reasons for slaving at his job, we find that he swallows insults at work so that his family can swallow food. His love for his daughter is great and it gives rise to his motivation at work. In ‘A Shadow’, Sambu misses his father immensely as he loves him a lot. However, the very existence of Love is a great triumph for the human spirit. Therefore, though there may be hardship and s uffering, in the end we see that the human spirit has the ultimate victory.

Children s Lack Of Free Time - 1823 Words

â€Å"In factories and loom-sheds in India, Neap and Pakistan, hundreds of thousands of children as young as five are reported as working in near-slave conditions. They are put to work weaving and hand-knotting oriental rugs and carpets for export. Labouring up to 20 hours a day, seven days a week, they are often forced to eat and sleep where they work. Sometimes they are locked in at night. Children who make mistakes or try to run away risk being beaten, deprived of food or even tortured. These child workers are usually from the poorest families, toiling to pay off their parents’ debt to a money broker. Needless to say, they don’t get to go to school† (Litvinoff page 75). This quote displays the hopelessness these many of children face in their everyday life. They are forced to work an excruciating amount of time, with no hope of ever having a better life. These children are uneducated due to their lack of free time or money to attend school, which in turn strip s away another possibility of rising up and breaking free of this vicious cycle that affects their family and fellow children. Within this job, they will never make enough money to earn a living, which will always put them in debt and having to work more and more. When these children grow up and potentially have children of their own, those children will be forced to follow in the same path as their parents. This cycle will continue until us the consumers intervene and attempt to help these children. If we were to helpShow MoreRelatedDystopian Setting Of The Giver By Lois Lowry794 Words   |  4 Pageschoices and free will. Many authors obstruct this view in their writing with creating a dystopian society as the setting. Authors can construct their writing to display what seems to be a utopia setting; however in reality it represents a dystopian setting. 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