by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] Back to: ACCOUNTING & TAXATION How are Partnerships Taxed? In short, they are not. Partnerships are pass-through tax entities. This means that all profits and losses flow directly through to the partners. The partnership may file an informational tax...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Considerations in Selecting a Business Entity The above factors are the primary considerations when selecting a legal entity to organize your business. Importantly, the legal entity that best fits a growth-based, startup may change over time. It is also common to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back to: STRATEGY, ENTREPRENEURSHIP, & INNOVATION Deciding to Sell Selling a business is commonly the objective of startup ventures. Many factors go into the decision of when and whether to sell a business. Valuing the Business Numerous methods exist for...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back to: STRATEGY, ENTREPRENEURSHIP, & INNOVATION Overview of the Decision to Close Down Your Business You may determine that you no longer can or want to run the business. In that case you may decide that shutting down the business is more advantageous...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Overview of Zoning Requirements Back To: ENTREPRENEURSHIP Renting vs. Purchasing The decision to rent or purchase a location to conduct business depends on numerous factors. These factors generally regard the adequacy and availability of suitable...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Lease or Purchase Commercial Property Back To: ENTREPRENEURSHIP Choosing a Building or Location Below is a list of factors that you should explore when choosing a location to establish your business. Assess needs of business: type of building...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Permits and Occupations Licenses Back To: ENTREPRENEURSHIP Overview The organizational documents of a business generally include the documents used to form or organize the business (registration documents) and the operational documents...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: MANAGEMENT Rights of Owners As discussed in the previous lecture, control and ownership are separate concepts in a business venture. Control, itself, is a right that may be bestowed unto owners. Control is generally determined by the type of entity and...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Rights of Owners Back To: MANAGEMENT Control of Founders Two of the most difficult decisions in the early life of a business are the splits in the level of authority (control) and ownership rights of owners. Control is a much easier matter than...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Ownership and Control of Founders Back To: MANAGEMENT Early Employees Later stage employees of the business generally assume the role of salaried employees. At this point, the business produces sufficient revenue (along with equity investment) to...
