All LLPs must maintain financial records. The records will show how much each partner contributed to the startup money for the business and how profits have been distributed. The LLP should maintain a financial record for the partnership as a whole as well as capital accounts for each partner ...
Ajoint ventureis a type of general partnership that is formed to complete a specific project and will be dissolved with its completion. All partners have an equal right to control the business and share in any profits or losses. They also have a fiduciary responsibility to act in the best i...
Under agent selling, the retailer will not adopt any strategy to increase the demand for green products, and the manufacturer will establish its own direct sales channel to sell green products and expand the market. Although direct selling can incur a sales cost, it avoids sharing profits with ...
A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties. By law, 90% of aREIT’sprofits must be distributed as dividends to shareholders.1 Here, we take a look at REITs, their characteristics, how to evaluate a REIT, and ways to ...
Originality/value – The paper extends the interpretation of Leviticus 19 and its commentaries to how modern day profits should be made and distributed to the disadvantaged members of society. These concerns address the social responsibilities of managers and the education of future business leaders ...
If electing to form an LLC as a corporation, the LLC will pay taxes on all profits generated before they are distributed to shareholders, at which point they will be taxed again at the shareholders’ personal income levels. In North Carolina, the corporate tax rate is 5% of taxable income....
A sales forecast is an invaluable tool for better managing your cash flow, spending, staffing and more. Once you complete your forecast, you’ll have a better sense of what’s driving your revenues and profits, know where to put your time and resources and be able to identify effor...
third party. Not all materials on the Center for Business Empowerment will be available in Spanish. Certain links may direct you away from Bank of America to unaffiliated sites. Bank of America has not been involved in the preparation of the content supplied at unaffiliated sites and ...
If you file as a C Corp, the company’s net income will be taxed twice – first at the corporate level and then again (albeit at a favorable rate) when the after-tax profits are distributed to shareholders as dividends. This is known as “double taxation.” For more about C Corps, ...
others have arrived with their wives. One Lao tapper we spoke with reported that the Vietnamese tappers are hard workers. Some may be looking for opportunities to resettle in Laos (see below for an example in Cambodia), although this has not yet been confirmed. We will further investigate...