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Topic: Business entities


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  Maryland Small Business Development Center - Central Region
A business organized as a sole proprietorship is not separate from its owner, but merely a different name with which the owner represents him/herself to the public.
Because of this relationship, a sole proprietorship is known as a pass-through entity.
Since a corporation is a separate legal entity, the corporation actually owns and operates the business on behalf of the shareholder, under the shareholder's total control.
wwwnew.towson.edu /sbdc/resources/BusinessEntities.asp   (1234 words)

  
  Business organizations - Wikipedia, the free encyclopedia
Business organizations is an area of law that covers the broad array of rules governing the formation and operation of different kinds of entities by which individuals can organize to do business.
Business organizations originated with agency law, which permits an agent to act on behalf of a principal, in exchange for the principal assuming equal liability for the wrongful acts committed by the agent.
The basic theory behind all business organizations is that, by combining certain functions within a single entity, a business (usually called a firm by economists) can operate more efficiently, and thereby realize a greater profit.
en.wikipedia.org /wiki/Business_entity   (573 words)

  
 Залуу Эдийн Засагч Клуб - ACCOUNTING LAW OF MONGOLIA   (Site not responding. Last check: 2007-10-22)
A business entity or organisation which obtains permission from the relevant financial bodies may use single entry form and double entry form shall be used by all other business entities and organisations.
Business entities and organisations shall issue their balance sheets quarterly from the beginning of a year and those balance sheets shall be audited and certified by the relevant financial bodies.
Business entities and organisations shall submit their final accounting records based on the balance sheets certified in accordance with paragraph 2 of this article to the General Department of State Taxation and to their shareholders or partners.
www.asuult.net /zez/modules.php?name=News&file=article&sid=90   (1661 words)

  
 Business Entities
Directors may be held personally liable to the entity for damages resulting from personal transactions with the corporation, approval of illegal distribution of profits, granting loans from the corporation to a director, acts in competition with the corporation or violation of law or the Articles of Incorporation.
Business is conducted entirely on the account of the establishing entity, and the income and expenses of the business do not flow through to the undisclosed partners.
For Japanese legal purposes, only the establishing entity is considered to be conducting the business, and such entity owns all assets and is liable for all liabilities of the business, although the partnership contracts may provide for the undisclosed partners to bear a portion of such liabilities.
www.senrei.com /art3.html   (1819 words)

  
 Business and International Crimes - Fafo/Framing the issues
When business entities operate in conflict zones or in repressive states, they run the risk of becoming implicated in violence, including participating in the criminal activity of others.
This provides the reader with an understanding of how business entities and their employees (or management) might be held legally responsible for violations of the relevant international law.
In other words, for the majority of violations of IHL or ICL described in the Commentary, business entities are alleged to be liable on account of having aided and abetted violations by others (e.g., governments, paramilitary groups, etc), not as direct perpetrators.
www.fafo.no /liabilities/part_I.htm   (1454 words)

  
 Entity Comparison - Information about S Corps, C Corps, LLCs   (Site not responding. Last check: 2007-10-22)
The S Corporation is a pass-through tax entity – this means that the income or loss generated by the business is reflected on the personal income tax return of the owners.
Both are pass-through tax entities – this means that the income or loss generated by the business is reflected on the personal income tax return of the owners.
The LLC is a pass-through tax entity – this means that the income or loss generated by the business is reflected on the personal income tax return of the owners.
www.bizfilings.com /learning/corptypes.asp   (1064 words)

  
 Business Entities   (Site not responding. Last check: 2007-10-22)
Business Entities provides sophisticated planning analysis and updates of major tax developments in the taxation of Partnerships, C and S Corporations, LLCs and LLPs, and RICs, REMICs, and REITs.
Business Entities editors and department heads are distinguished practitioners with particular expertise in their areas of taxation.
Business Entities, which is the source of information on changes in federal, state, and international taxation of various types of business entities, includes solution-based guidance dealing with the most difficult problems facing businesses and their owners.
www.riahome.com /estore/detail.asp?ID=BET   (926 words)

  
 Business Entities   (Site not responding. Last check: 2007-10-22)
Business owners, particularly family business owners, have a special need for comprehensive and integrated business and estate planning.
A major part of the process is determining what entity or entities to use for ownership of the business(es).
We are available to set up a business and estate plan and/or work closely with other business, tax and legal advisors to create an integrated business and estate plan that fits your needs.
www.illinoisestateplan.com /businessentities.htm   (165 words)

  
 Massachusetts business Guide to Starting Business Entities, massachusetts lawyer corporations attorney, incorporate, ...
A business certificate primarily allows consumers and/or creditors to identify the names of the actual owners of a business.
If your business is a partnership or corporation (with or without employees), or a sole proprietorship with employees, the first thing you must do is obtain a federal identification number for federal and Massachusetts tax purposes.
Businesses based in Massachusetts, Connecticut, Maine, New Hampshire, Rhode Island, Vermont, and parts of New York, may fax a completed SS-4 to the IRS at (978) 474-9774, or obtain a federal identification number over the phone by calling (978) 474-9717.
www.massachusetts-lawyers-attorneys.net /business_guide.html   (866 words)

  
 Business Procedures are not Represented Adequately
For example, the five-layer architecture might be distributed on a two-tier client-server system with a cut either between the business process and the business entity layer (resulting in a thin client), or the business entity and the data access layer, or the data access and the persistent storage layer (resulting in a very fat client).
A business process, or, as a smaller part, a business procedure or a business activity, is a processing sequence that requests services from business entities; it is specific for an application.
A business entity has typically a permanent state, which may be changed by the execution of a business process.
www.jeffsutherland.com /oopsla98/schmid2.html   (1437 words)

  
 Domestic business entities   (Site not responding. Last check: 2007-10-22)
Legal entity which is a cross between a corporation (limited liability for its members) and a partnership (treated like one for tax purposes).
Partnership in which one or more general partners manage the business and are liable for debts and one or more limited partners who contribute capital, share in profits, do not run business and incur no liability except capital contribution.
A "foreign" business entity is one that was first formed under the laws of another state or country and intends to do business in Maine.
www.informe.org /icrs/ICRS?Info   (832 words)

  
 Office of the Governor: Administrative Orders
The purpose of this Order is to streamline and centralize certain activities of the Department of Commerce, Community, and Economic Development (department) concerning the formation of corporations, limited liability companies, and other business entities in order to foster their development and to further a coordinated approach by the department to these activities.
The division of occupational licensing in the department shall create a centralized database for registration of names of corporations and other business entities, and for names used by business entities to obtain business and occupational licensing by the department.
The centralized database shall also provide a systematic means of verifying whether business entities have secured the required business license from the department and have paid required fees of the department for these activities.
www.gov.state.ak.us /admin-orders/219.html   (483 words)

  
 Business Entities
Business Entities provides sophisticated planning analysis and updates of major tax developments in the taxation of Partnerships, C and S Corporations, LLCs and LLPs, and RICs, REMICs, and REITs.
Business Entities is the source of information on changes in federal, state, and international taxation of various types of business entities.
Business Entities editors and department heads are distinguished practitioners with particular expertise in their areas of taxation.
ria.thomson.com /estore/detail.asp?ID=BET   (696 words)

  
 Articles - Family Business Entities
The main characteristic of the three entities is that generally the owners of the entity are not personally liable for the business’ debts and obligations.
The general partners of an LP are (a) jointly and severally liable for the wrongful acts or omissions of any partner acting in the ordinary course of partnership business or with authority of the partners and (b) jointly liable for all other debts and obligations of the partnership.
Whichever business entity you choose, it can be utilized to pass property to your heirs and save on estate taxes.
www.drobnylaw.com /articles/family.html   (1537 words)

  
 BUSINESS ENTITIES
Business Corporations are formed under the laws of the particular state selected as the place of incorporation.
Two or more individuals or legal entities may associate to carry on a business for profit as a general partnership under the Maryland’s Revised Uniform Partnership Act (RUPA).
Acts of each general partner to carry on the partnership business are binding on the partnership.
www.jkcpa.net /BusinessEntities.htm   (743 words)

  
 Business Planning in Asset Protection
An order issued by a court to a judgment creditor which essentially compels an entity of which the debtor is a partner or member to direct to the creditor until the judgment is satisfied any distributions that would otherwise have been made to the debtor.
Entities that restrict the remedies of a creditor of an owner to a “charging order” that entitles the creditor to distributions made in respect of that ownership interest, but do not allow—at least initially—the creditor to actually take the ownership interest.
Note that this does not mean that the entity is “tax exempt”, which is a common and false claim made by tax scam artists.
www.assetprotectionbook.com /business_planning.htm   (1706 words)

  
 Khimaira WebHosting Business Manual - Business Entities
Business entity types and what is the right choice for you - For the most part, businesses fall under one of three categories: sole proprietorships, partnerships, and corporations.
The initial investment is usually a modest one, and the business is based on the particular interests or experiences of the individual.
There's an analogy used by business professors with a doughnut shop as the example: there has to be a person to make the doughnuts, and there has to be a person to sell them; everyone else is overhead.
www.khimaira.com /entities.htm   (666 words)

  
 Austria - Taxation of business entities   (Site not responding. Last check: 2007-10-22)
Business entities that are deemed to be corporations by the Corporate Income Tax Act are subject to corporate income tax.
A private trust may not operate a business itself and is therefore limited (in business activities) to deriving income from participations (shareholdings).
Unlike regular corporations, whose income is always deemed to be income arising from trade and business, private trusts may generate income from all seven sources of income.
www.msi-network.com /content/doing_business_in_austria_taxation_business.asp   (939 words)

  
 Layover.com: Business Entities
A sole proprietorship is the most widely used form of operating entity in business.
A corporation is a business entity that has its own legal status, separate from its owners.
A corporation is the most expensive, complex form of business operation with many mandatory legal requirements such as formal payroll, annual meetings and elections, strict record and bookkeeping requirements, and year-end corporate tax return.
www.layover.com /owneroperator/taxtips/1201.html   (973 words)

  
 Missouri Secretary of State Robin Carnahan :: Corporations Division :: Business Entities Recognized by Missouri Law
See Section 351.572 RSMo to determine whether a foreign corporation is "transacting business." Because a foreign corporation has already filed its articles of incorporation in another jurisdiction, it does not file articles of incorporation in Missouri; instead, it obtains a certificate of authority to do business in Missouri.
For instance, a desired name for any such entity may be reserved in advance, and all names must be distinguishable from other names already in use or reserved.
Further, the appropriate business entity designations must also be used for each of these other entities.
www.sos.mo.gov /business/corporations/business.asp   (1343 words)

  
 Independent Contractors’ Experiences with Business Entities and Insurance
In particular, the subject of business entities shielding individuals from liability involves complex legal issues that are far beyond the scope of this article, which contains very general introductory information.
Please note that the subject of business entities shielding individuals from liability involves complex legal issues that are far beyond the scope of this article.
Businesses may be able to get a competitive rate from their business liability insurance company.
www.bwa.org /articles/business_entities.htm   (1822 words)

  
 COI- Appendix B
Investments and business positions in business entities and income, including gifts, loans and travel payments, from sources of the type which, within the previous two calendar years, have contracted with the University to supply goods or services to an administrative unit of the University as to which the designated official has contracting authority.
Investments and business positions in business entities and income, including gifts, loans and travel payments, from sources of the type which, within the last two calendar years, have contracted with the University to supply goods or services to the administrative unit (e.g., department or office) as to which the designated official has responsibility.
Investments and business positions in business entities and income, including gifts, loans and travel payments, from sources of the type which, within the last two calendar years, have contracted with the University to furnish library acquisitions, supplies, or services to the particular campus or major laboratory at which the designated official works.
www.ucop.edu /ogc/coi/appendb.html   (1328 words)

  
 Colorado Business Entities Denver, Colorado Patent and Business Attorneys/ Lawyers
Technically speaking a sole proprietorship is not a business entity – it is merely an individual engaged in a business activity.
All revenues and expenses of your business operations are reported on schedule C to your individual tax return.
The only difference between a S-Corp and a C-Corp is how the entities are treated for tax purposes and the fact that a S-Corp has restrictions on the number of classes of stock it can issue and the number and type of shareholders it may have.
www.lld-law.com /ColoradoBusinessEntities.html   (1741 words)

  
 Structure of Business Entities   (Site not responding. Last check: 2007-10-22)
Third parties are normally entitled to take proceedings only against the joint venture party with whom they have dealt; however if that party attempts to claim that there is a separate legal entity, the joint venture will be treated as a partnership in order not to prejudice the third party's rights.
If one of the parties is a non-Qatari, the joint venture may not carry on any business that is reserved by law to Qataris.
Foreigners, whether companies or individuals, are not allowed to engage in the business of trade agents or import activities.
www.qidb.com /struct_business_entities.htm   (1307 words)

  
 NYS DOS, Counsel's Office, Legal Memoranda, Formation of Business Entities
The most frequently used business entities are the business corporation and the limited liability company.
Therefore, it is advised that when deciding which entity to establish, the business situation be analyzed with a mindful eye on the tax implications.
A new business should consult with an accountant or an attorney to determine which entity is best suited for the respective business, particularly in light of the tax consequences associated with each entity.
www.dos.state.ny.us /cnsl/busents.html   (905 words)

  
 Business Entities FAQ's, Greenville Attorneys, Formation of Corporations, SC Partnerships and LLC’s Lawyers, South ...
Business law encompasses rules, statutes, codes, and regulations that are established which govern commercial relationships and provide a legal framework within which businesses may be conducted and managed.
You should employ an experienced business attorney and a certified public accountant to be sure that corporate formation and maintenance are handled properly.
Your business may have the flexibility of a partnership and the legal protection of a corporation if it is a limited liability company ("LLC").
www.gilreathlaw.com /business_entities_faqs.html   (510 words)

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