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partnership business

Transcript: gains and losses • Method: income statement - Loss: lower revenues and higher expenses - Gain: Highest revenues and lowest expenses 40,000 dollars to start the business 20,000 dollars will be from our personal funds 8,000 dollar loan from family and friends 12,000 dollars from SBA's Small Business Investment Company Program • First few months: Expenses exceed revenues • Afterward: Sale increases-> cash flow changes from negative to positive Website realistic outcome consists of company history products policies (staff included) also include job opportunities allow customers to contact using email The Three Misters Bakery and Cafe thank you for watching! sources and start up money Our Business geared towards young high school/ college students Our ideal customers are local residents middle income class relaxing environment for customers searching for a quiet cafe with free wifi Arcadia, California (Santa Anita Westfield Mall) JJ Bakery Taiwanese Bakery neighborhood bakery Paris Baguette South Korean Bakery french inspired Asian fusion Porto's Bakery Cafe Cuban Bakery family bakery As much as we would like to succeed in such business, we don’t think that we will be able to make profit and have the stability we would long for. After creating this business and learning all about it, we have realized that there is a lot of responsibilities that are dragged along with risks that are associated with this. The business world is very competitive, and it is never to be thought lightly of. Will we be able to go into this business? Clientele Location and major competition partnership business retail decided on the name The Three Misters as a reference to the three different regions of the world that we will be serving at our cafe.

Partnership Business

Transcript: PARTNERSHIP BUSINESS Shahriar Mohammad Tanveer Presented by INTRODUCTION A legal form of business operation between two or more individuals who share management and profits. INTRODUCTION Partnership Types Types of Partnership General Partnership Limited Partnership Limited Liability Partnership General Partnership Equal share of the business. All partners are liable for any mistakes. Economic responsibility is based of contribution to the startup. Economic benefit based on contribution to startup. Limited Partnership One general partner with unlimited personal liability. Other partners only contributes to funding. In case of a failure, limited partners only loses their initial investment. If the business succeeds, limited partners share profits. Limited Liability Partnership All partners are limited partners. All involved have limited liability. All partners has influence on business decisions. Advantages Advantages General General Easy to get started. Privacy. Decision Making Access to knowledge, skills, experience and contacts. Better decision-making. Decision Making Financial Financial Sharing the burden. More partners, more capital. Disadvantages Disadvantages Potential for differences and conflict. Slower, more difficult decision making. Profits must be shared. Unlimited Liability. Partnership Business in Bangladesh Partnership Business in Bangladesh Source : Number of partnership firms in comparison to joint stock companies

Partnership Business

Transcript: Maryam, Vanesha, Jagdeep, Razia, Nicholas Partnership Business - a business run by two or more people General Partnership Limited Partnership Typical Partnership Our Partnership Examples of Canadian Partnerships -Register the name with a appropriate authorities such as city hall or local chamber of commerce - Therefore some lawyers have partnerships to serve a wider client base - All partners have unlimited liability for business debts - choose a business name for your partnership - Adv. not a lot filing which results in less annual filing fees - decide who will be in charge of signing documents and making large decisions Step 3 - Destiny's Weddings - Put everything in writing -Disadv. partners might have a disagreement which may lead to a failed business Thanks for watching! :) - Disadv. general partnerships dissolve if one of the partners dies, retires or withdraws - choose a business name that helps create an image you can use in all documents (logos) - consider all the pros and cons - Adv; partners can leave or be replaced without ruining the business - Disadv. partners would have a limited role in managing the company - Disadv. it might be hard to find a suitable partner that you can work with - A2Z Construction (renovators) - decide on the legalities including the rights and obligations of every partner Step 1 - Brooks Barrister and Solicitors (law) - make sure everybody understands their position and duties before signing anything - A wedding planning business - decide in advance which partners will hire employees - 5 partners - Lawyers specialize in different areas of law such as civil, divorce, real estate, corporate and family - Adv. partners share responsibilities and lighten the workload - hire a lawyer to make a contract - Girlfriends (salon) Step 5 - you might be required to file for permits or licenses for your company Step 2 Step 4 - when partners are only responsible for paying back the amount they invested - Adv. partners have a lot of flexibility in their work hours and vacation timings - Adv. businesses that have partners with different talents are very successful - Disadv. partners need to able to trust eachother, if trust is broken then it could end in a failed business

PowerPoint Game Templates

Transcript: Example of a Jeopardy Template By: Laken Feeser and Rachel Chapman When creating without a template... Example of a Deal or No Deal Template PowerPoint Game Templates There are free templates for games such as jeopardy, wheel of fortune, and cash cab that can be downloaded online. However, some templates may cost more money depending on the complexity of the game. Classroom Games that Make Test Review and Memorization Fun! (n.d.). Retrieved February 17, 2017, from Fisher, S. (n.d.). Customize a PowerPoint Game for Your Class with These Free Templates. Retrieved February 17, 2017, from 1. Users will begin with a lot of slides all with the same basic graphic design. 2. The, decide and create a series of questions that are to be asked during the game. 3. By hyper linking certain answers to different slides, the game jumps from slide to slide while playing the game. 4. This kind of setup is normally seen as a simple quiz show game. Example of a Wheel of Fortune Template Games can be made in order to make a fun and easy way to learn. Popular game templates include: Family Feud Millionaire Jeopardy and other quiz shows. Quick video on template "Millionaire" PowerPoint Games Some games are easier to make compared to others If users are unsure whether or not downloading certain templates is safe, you can actually make your own game by just simply using PowerPoint. add logo here References Example of a Family Feud Template PowerPoint Games are a great way to introduce new concepts and ideas You can create a fun, competitive atmosphere with the use of different templates You can change and rearrange information to correlate with the topic or idea being discussed. Great with students, workers, family, etc. For example: With games like Jeopardy and Family Feud, players can pick practically any answers. The person who is running the game will have to have all of the answers in order to determine if players are correct or not. However, with a game like Who Wants to be a Millionaire, the players only have a choice between answers, A, B, C, or D. Therefore, when the player decides their answer, the person running the game clicks it, and the game will tell them whether they are right or wrong.

Business Partnership

Transcript: Not legally recognized in every state Individual partners are not obligated to consult with other participants in certain business agreements. Flexibility is also a disadvantage as well because some partners could not pull their weight in the business. (Cynthia) Management: Hiring employees, looking over the business in general. (Maia) Financial: Set prices and collect money (Le) Advertisement: Advertise about the company and make social media pages and a website. Limited Liability Partnership Win Win Situation: Customers will be tutored in their problem subject with reasonable price. The owners and employees will make money and will be able to be associated with other businesses. We also will not have to pay much money for supplies, besides the basics. A business organization that allows limited partners to enjoy limited personal liability; no need for general partner Advantages Tutoring Business General Business Partnership Bibliography Limited Liability - Liability Protection: All partners are protected from personal liability for negligent acts of other partners or employees not under their direct control; individual partners are not personally responsible for company debts -Tax Advantages: The partnership itself is not responsible for paying taxes. The credits and deductions of the company are passed through to partners to file on their individual tax returns and are divided by the percentage of individual interest each partner has in the company. This is good for partners who have a limited interest in the company or special tax requirements because they have interests in other businesses. - Flexibility: Partners have the authority to decide how they will individually contribute to business operations. Partners who have a financial interest in the company can elect to not have any authority over business decisions but still maintain ownership rights based on their percentage interest in the company Disadvantages Cynthia, Le & Maia Disadvantages of Limited Liability Limited Partnership Limited liability protection. Limited partners are not typically held responsible for business debts and liabilities. Pass-through taxation. Income tax is not paid by the business. Profits/losses are reported on the partners’ tax return and any tax due is paid at individual level. Control over day-to-day operations. General partners in the limited partnership have full control over all business decisions. Flexible management. Partners have more flexibility in management structure. Fewer formal requirements. Limited partnerships face fewer formal requirements and paperwork than corporations. Additional source of investment capital. Adding limited partners provides additional sources of investment capital without losing control. Advantages Both partners have equal management of responsibility over the business Pros: -The partnership still files a tax return stating the business's profits and losses, but it does not pay taxes on the income. -Less paperwork Cons: -Partners share liabilities, so if one partner is sued, the other is also sued even though only one of the partners made the bad decision -Partners share authority--one is not more powerful than the other, so there can be many disagreements Types of Business Partnerships Filings, formalities an d state requirements. An individual acting as general partner assumes personal liability unless the partner forms an LLC, corporation or other company with limited liability protection. It is a partnership in which only one partner is required to be a general partner. Limited partnerships are more appealing to to business partnerships like the film industry, real estate or estate planning.

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