Shania should consider a limited liability corporation. This is a corporate structure where owners of the business have no personal liability on the business liabilities and debts. The form of business combines characteristics of both the partnership and corporations business structures. The feature of limited liability is a feature of corporations while flow through taxation is associated with partnerships. The idea of Shania searching for another person to do business with suggests that a limited liability corporation with a partnership structure is ideal in her scenario. The business form is formal and requires articles of organizations to be filed by the relevant states. It is much easier to form than corporations, flexible and offers more …show more content…
A franchise offers a lot of advantages. The fact that Shania has no prior knowledge or expertise in the coffee market gives more credence to the idea of a franchise. The business offers a sense of independence to small business owners but which is supported by the vast business network of the franchise company. A franchise will provide Shania with the necessary and relevant training to enable her to operate the original business model as required. It is also easy for Shania to access finance to buy a franchise as compared to the startup capital for an independent business. She can also access additional funds during the operations due to its association with an already established big company. The business of Shania will inherit the established good reputation and image, proven and efficient management and ethical work practices which will have an effect on sales and consequently revenues. The business will also have a higher rate of success as it relies on the success of its franchisor. The coffee restaurant market requires an efficient supply chain and partnerships with suppliers and as such Shania would find it difficult to secure reliable and suppliers in case she decides to open the business as an independent business. However, not all franchise share the same beliefs or attitudes as compared to Shania's Christian background. For example, some would require her to follow some dress codes that …show more content…
First of all, the fact that Jackson is a mature Christian lady, we assume that her husband is also a staunch Christian. As such they complement and understand each other in addition to sharing the same ideologies and beliefs from a Christian perspective. Shania can take Marvin as a passive partner as he is only willing to contribute capital but not participate in the management of the business. Shania will be the only active partner and get involved in the day to day operations of the company. The fact that they are couples suggest that they accommodate each other and being in business together will have minimal disagreement or
Partnership – “A legal entity formed by two or more co-owners to operate a business for profit.” (Longenecker, Petty, Palich, Hoy, Pg. 202) In a partnership, the advantage for the owners is the capability to reduce the workload and the financial burden, especially if each partner has management skills that enhances the business. The disadvantages of a partnership such as personal conflicts and leadership expectations, therefore this organizational form should only be chosen once all other options have been considered.
The Shannara Chronicles is a complex and thrilling tv show that portrays the hero’s journey in an interesting way. The show follows both a male and female protagonist.This leads to an interesting dynamic in the hero's journey. While both heroes undergo the process in their own ways, there are changes that are only developed through the protagonists being together.
On Thursday, August 3,2017 at about 0900 hours, I was present at Kings County Criminal Court, Part AP1F for SPAA Tammie Croswell's scheduled court appearance. SPAA Croswell pled guilty to a violation (P.L 240.20). She was ordered to make restitution in the amount of $4,200.00 plus a surcharge of 5% ($210.00). A payment of $1,500.00 was ordered to be made today (08/03/17) and she has until 03/05/18 to pay the remaining balance. The next court date has been scheduled for 03/05/18 by Honorable Judge M. Dougherty in order to verify that all fees were paid in
Tanyia is a 13-year-old African American female who currently resides at Vista Maria after being adjudicated on a Domestic Violence offense and being placed on Level 2 probation. She presents with a multitude of problems that will be the focus of her treatment needs of: verbal and physical aggression, fluctuating moods including irritability and anger, defiance, truancy from school, running away from home, associating with older males, substance use, traumas including physical abuse and rape, other sexual behaviors not appropriate for her age, and limited intellectual functioning. Her relationships within her family are very strained and lack adequate support, excluding her great grandparents. The goals in the therapeutic process are to facilitate
Joint Venture is “a partnership, individual, or corporation that pools labor and capital for a limited period of time” (Kubasek, Brennan, Browne, 2015, p. 431). This method can increase liability and limit outside opportunities where the business can not expand their product line and have to utilize the products provided by the company they have a joint in a agreement. The mission of the coffeehouse is to be unique and special. This type of model would not allow originality and for that reason, its not recommend that Shania get involved with a joint venture.
One critical obstacle for the Starbucks franchise is the over saturation of the market, they continued to build new businesses in local markets with out giving each the opportunity to solidify their customer base, some building as close as 2 blocks in large metropolitan areas. The economy could also have a direct impact on the Starbucks franchise. During times of prosperity and job security it is more comfortable to spend $2.10 on a 16 oz. cup of coffee than a $5.15 for a medium sized specialty coffee drink such as a Café Mocha or Carmel Macchiato. When the economy is down, the average consumer will cut
The Shannara Chronicles first aired in January of 2016. The complete second season was released on Netflix in January of 2018. Director, Jon Favreau, of Iron Man works as the executive producer of The Shannara Chronicles, along with writers Alfred Gough and Miles Millar who are the creators of Smallville (Zeitchik). Poppy Drayton, the star of the first season, previously appeared on Downton Abbey and the movie series When Calls the Heart (Collie). “’The Shannara Chronicles’ is reported to be MTV’s most expensive original production ever” (Butler).
Panera determined where bakery-café locations could be. The franchisees bore the cost of opening new locations, and were required to obtain their ingredients from the home company.... ... middle of paper ... ... Offering dinner menu items and consistently updating seasonal items has proven to be beneficial to Panera.
Relying on our strong company legacy that is been in place since 1968, I believe that we can use that strategically to improve our overall marketing strategy and help achieve our overall goal of continued franchise expansion throughout the country. One of the most effective ways to capitalize on our company legacy and reputation is through product placement and advertising. I predict that our overall marketing strategy for developing products will be small at first. Any initial product placement will be on things like napkins, aprons and other apparel. You also investigate creating our own unique company logo. This will help to increase our brand recognition. Also, we can create our own website and have an interactive menu that allows our customers to order our products online and have them be ready for pickup at the restaurant location. After some initial trial and error, we can consider expanding our product line of items that have more prosper
American society has always been optimistic towards their future. The American nation is a capitalistic country. Many individuals are influenced to start up their own businesses with their own ideas. The government helps and regulates all business. There are three types of businesses sole proprietorships, partnerships and corporations. A sole proprietorship would be my best choice to start up my own business. This form of business is the easiest to start. In the states a federal license or permit is needed to sell products or serve a service to the public. A license is required in order to begin the business operation. Income or loss the owner is accounted for on the tax return. “Flow thru taxation” is the term used to state that the owner’s incomes flows through the tax return. I would keep contact daily with my accountant. The business would not be taxed twice as there would be in corporations. It is simply taxed once. I would not need contracts stating two people joining in and making an effort to make a business work as there would be in partnerships. I would just rely on myself. I have better confidence of trusting myself than trusting others in forming a partnership. It is a gamble and a risk to be liable for the entire business. Life is pretty short and taking a risk would either mean it was worth it or you learn from it.
Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand without having to pay such a large initial cost to open a new store since the franchise purchaser pays a cost to open the business. As well, the company can regulate many of the business activities so that there is a sense of consistency throughout all of the locations. The purchaser is allowed to use the trademarks and goods of the franchise which already have a large market presence. As well, they are provided with training and work standards by the company to help their business run smoothly (Kalnins & Lafontaine, 2004, p.761). Looking at the business model of the world’s largest food retailer, McDonald’s, provides great insight into franchising and business growth in general as well a better understanding of a global business that utilizes the franchising technique.
Manufacturing Franchise: These types of franchises provide an organization with the right to manufacture a product and sell it to the public, using the franchisor’s name and trademark. This type of franchise if found most often in the food and beverage industry. Most bottlers of soft drinks receive a franchise from a company and must use its ingredients to produce, bottle, and distribute the soft drinks.
Franchising today – It is the most popular way for the people to run business, there are 760,000 franchised businesses and 13 million jobs.
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...
A franchise is simply investing money in a location or store, and then having the store become your own business after learning how to manage the entire business. You earn the majority of the profits, and you also don't have to worry about operations. You'll be taught by the company on how it run the entire business, and this is the reason why this is a huge and very easy way to become rich. Franchises require quite a hefty investment depending on the business you plan to buy. However, if the business is in high demand, there is profits to be made. Take for exMple the Cold Stone Creamery business. Countless people purchase one of their many franchises. The money is very good, the opportunities are endless, and the fact that there is no more need for advertising is what makes this more worth the investment in the long