You need to organize your business as a legal entity. There are numerous options to account for, and all have various legal, financial and tax considerations. The right legal configuration for your business depends on a number of things. These include the level of control you want to have, your business’ vulnerability to lawsuits and financing needs. The legal structure chosen by you will determine additional registration requirements. You may have to file registration forms with your state and/or local government, after you have chosen a legal structure. The various considerations which need to be taken into account change from state to state. Some firms / businesses need to be registered with your state government:
• A corporation
• A nonprofit
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The legal name of a firm / business by default is the name of the person or organization that owns a business. The legal name will be your full name, if you are the exclusive proprietor of your firm / business. However, if your business is a partnership, the legal name is the name outlined in your partnership agreement / the last names of the partners. The business’ legal name is the one that was registered with the state government, for limited liability corporations (LLCs) and corporations. Your business’ legal name is a prerequisite on all government documents. Forms include your application form for employer tax identifications, licenses and permits. If you decide to set up a shop or sell your products under a separate name, then you might need to file an “assumed name” registration form with your state and local government. The legal name of firm / business is the name of the owner/s. For …show more content…
You may have to file a “fictitious name” on registration forms with your government agency, if you wish to set up a shop or sell your products under a different name. An assumed name (or fictitious name, trade name or DBA (doing business as) name is a business name that is not the same as your personal name, the names of your partners or the formally registered name of your LLC or company.
For example, if Tom Johnson the sole owner of a catering company he runs from his home, and he wants to change his business name to Seaside Catering instead of using his business’ legal name, which is Tom Johnson. Tom will need to register the new name as a fictitious business name (DBA ) with a government agency, in order to start using that name. The relevant government agency to register with depends on where she lives. You have to register fictitious names with the relevant state government or with the county clerk’s office in some states, but there are also some states that you do not have to register the fictitious business
In John Torpey’s article “Coming and Going: On the State Monopolization of legitimate Means of Movement” he points out that through the use of documents such as international passports, internal passports, and identifications card such as driver licenses, the state control movements. By constructing rules and regulations the states are able to monitor and regulate who come can come in and who can’t. However, Sadiq in his article addresses illegal immigrants in a way that Torpey, failed to mention in his article. Sadiq in in his article, “Documentary Citizenship” brings forth an argument that focuses on illegal immigrants and their visibility within a nation-state. Being illegal one does not have any legal documents which means, they are invisible to the state. Though, illegal immigrants can buy identification documents in the black market that can give them social, political, or economical rights that will give them visibility within the state. I agree with Sadiq, that in order to fit in and to have rights in society you need some sort of
March 20th, 2003, a girl named Lexi Lin Schuster was born in Milwaukee, Wisconsin. She was born into a family consisting of a mother and father. 2 years later March 19th, 2005 Lexi's younger sister, Shelby was born. In 2007 Lexi got a cat, Marcus. Lexi's family and her lived together for about 2 more years, until in 2009 when her parents divorced. This same year her mom brought Lexi with her to Dubuque, Iowa, bought a house, and entered 1st grade at Bryant elementary. A year later in 2010, her mom moved and Lexi went to Eisenhower for 2nd grade. Later that year Lexi's father remarried. In 2011, Lexi moved back to a house near Bryant, and attended Bryant for 3rd, 4th, and 5th grade. A while later Lexi moved into her current apartment. In 2013,
Every single fact concerning the business is relevant to the choice of entity decision. Not all of them are of equal importance, but they all matter to some degree. The considerations that should be in the forefront are not the sale of ownership interests to the public, or venture capital financing--these things come later (hopefully!). Instead, the initial focus should be on:
There are certain categories of legal tradition that differentiate by country or time. These legal traditions are shared by a certain groups of individuals or whole systems in and of themselves. In other words, you have to understand the legal tradition, and which legal system it is affiliated with, to understand the whole picture of how disputes and conflicts are handled. I think in our modern times, it would be challenging to find one legal system that is without influence from other legal systems (Different Legal Traditions, 2012). Legal traditions tend to incorporate different elements from other cultures and legal systems. Most legal traditions have derived from a common origins, similar institutions, and shared concepts from regarding
On the bright side of things your company/business will have a clean name and new clients are always looking for a business that shows Independence and follows the AICPA Code of Professional
Legal Pluralism is the presence of various legal systems within a single country or a geographical area. Legal Pluralism is omnipresent although it is generally assumed to exist in countries only with a colonial past. This is because in most countries with a colonial past, colonial laws co-exist alongside indigenous laws. However, if we look at the expansive definition of legal pluralism, it can be said that every society or country if legally plural. The modern definition of legal pluralism also deals with the issues of relation between state and non-state legal orders. It shows the dichotomy that exists between customary legal norms and state law. The judiciary of India has upheld this principle of pluralism in many cases by showing that
These are the main four business structures you must know and why they matter. Before setting up a business, you can look at other possible business structures as well. For that, do consult Numbers Talk and protect yourself from long-term
Therefore, I found it necessary to gather all the information required to begin a new business in Thailand. Establishing a Business or a Factory Although businesses can be 100 % owned by foreign investors, some are reserved for 51 % Thai ownership. People of any nationality can participate in ownership to varying degrees: through sole ownership, a limited company /corporation, an ordinary partnership, a limited partnership, or a branch of a foreign corporation. The Ministry of Commerce's Department of Commercial Registration is directly in charge of company registration. The Stock Exchange of Thailand
Throughout the three hours, the man that was sitting on the raised platform gave the two groups of professional looking men and women turns in speaking to him from the podium in the middle of the room which was made of wood. These men and women would speak for about 30 minutes each, and would ask questions to other individuals that were brought in by guards and were told to sit underneath the man with power on the first level of the raised platform. These individuals would answer questions by the professional looking men and women and then they were escorted out. As they were escorted outside the room or to empty seats behind the wooden bar we realized that they were crying, looked upset, and angry. At that point, we knew that they were part
the only legal hurdle to starting a sole proprietorship is applying for the local permits and licenses that apply to the area of business.
When clients come to therapy, they should be aware of all benefits and consequences of therapy. Counselors have a legal and ethical obligation to its clients and should provide the client with information about policy and the limitations of confidentiality, and the type of the care they will receive. Explaining to a client the importance of confidentiality and its limits, what information is privilege, and when they have a legal obligation to report information disclosed in the counseling session. The purpose of ethics is to provide professionals with guidelines for acceptable behaviors, helping to avoid slippery slopes, and provide fairness without bias, prejudice, and destructive behaviors. Counselors deal with a diverse population and
All that is needed is to register the company with the state and apply for an occupational license and any additional licenses required by the state. With the easy organization of a sole proprietorship, almost anyone can start his or her own business.
The United States of America was founded on the Constitution. In the United States Constitution it states all men are created equal. Here in the United States, our legal system is based on everyone being innocent until proven guilty. If courts did not exist, then there would be no true justice in our society. Courts are required to keep things equal. But are courts keeping things equal in our nation? My Bond court experience gave my insight into what really occurs inside our criminal justice system.
Begin with the laws pertaining to the basics of starting a business. Do you need a business license or a special permit? Are you planning to hire employees or will you go it alone? If your business sells goods, it will need to pay sales tax. Look at each business aspect carefully to understand which category of laws apply to
...onclusion, registering a business is no easy task. To create a business involves a lot of time, effort and devotion towards building a company that might even take years to become profitable. With the right business idea, plan and financing one can lay the groundwork for a successful business.