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natka813 [3]
3 years ago
7

How do you start an organization? ​

Business
1 answer:
Zielflug [23.3K]3 years ago
8 0

For a Profit Organization:

1. Select the best business structure which favors you in taxes and protect. Such as corporation, limited liability company, sole proprietorship, general partnership, limited partnerships or a professional incorporation.

2. Decide the name you want to use to advertise your business.

3. Register company name with the state, county and the federal if applicable.

4. Check licensing requirements with the city county, city, state and federal.

5. Open a bank account

6. Advertising and Marketing

For a Non Profit Organization:

1. There are two types of non profit organizations religious and good cause.

2. It has to be registered wither with the state or county, depending upon the structure and the state you want to incorporate.

3. Apply with the federal to obtain a tax exempt status, so that your donors can claim donations on their tax returns.

4. Open a bank account

5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.

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What does 'charge-off as bad debt' mean?
mote1985 [20]

Answer: Charge off as bad debt means that the remaining amount is considers as a bad debt but it doesn't mean that you no longer owe to the amount that is not being repaid.

Explanation:

The expression "charge off" implies that the original lender has given up on being repaid by the original terms of the credit. It believes the rest of the balance to be bad debt, yet that doesn't mean you never again owe the sum that has not been repaid.

After a record is charged off by the original creditor it is typically sent to an accumulation organization. The collection agency will at that point taking an attempt to recover the rest of of the amount with additional interest and fees.

3 0
3 years ago
Next, Kelly asks, "Many of our buyers are happy with our current system for contacting suppliers. How might you be able to find
Svetlanka [38]

Answer:

They have to look for an outsider who is open-minded and ready to listen and tell, he can bring new ideas to what to do or not.

Explanation:

Kelly should ask from an outsider to help because

  • Due to fear or greed, internal people are not able to give a proper opinion.
  • We should get an opinion about their work from an outsider so that they can keep their opinion completely away from any greed or fear.
  • They should also hold an online survey or feedback.

Through this process, they will get better business options.

7 0
4 years ago
Explain how banning performance enhancing drugs levels the playing field for marketers?
katrin [286]

Answer:

Explanation:

because everything is even now

4 0
3 years ago
A. Discuss possible reasons a corporation may want to grow its international business.
frez [133]

Answer:

explanations below

Explanation:

Discuss possible reasons a corporation may want to grow its international business.

Different businesses at some point decide to go international because they intend to generate more revenue for themselves, compete for new sales opportunities, diversity into other business streams, and recruit new talents.  

Describe the risks that a potential multinational corporation may no longer face as it ceases to be a domestic corporation.

Businesses operating in one country may face the risk of getting blown away by the political and economic nature of the country. When they explore other overseas markets, they would be immune to instant business collapse from political and economic issues [eg, localized recessions] a single country could bring to them.  

Discuss total and unique risks for a potential multinational corporation.

<u>Corporations may face currency risks</u>. They are likely going to pay wages and taxes in the local currency of the various nations they operate in. if the currency of their base country loses value at any point, which may likely increase their costs in oversea nations.  

Businesses that produce goods in one country and sell in another through retailers may face <u>energy risks</u>. This could happen when the prices of oil increase which consequently causes increase in cost of transportation of those goods.

6 0
3 years ago
Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2
Nana76 [90]

Answer:

Explanation:

The journal entry is shown below:

Account payable A/c Dr $3,000

      To Cash A/c $3,000

(Being payment is made is recorded)

We debited the account payable account and credited the cash account so that the correct posting can be done.

Since the half of the disk is returned i.e $3,000 which come after multiplying the $6,000 by 50%

3 0
3 years ago
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