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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.

You might be interested in
Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $5
arlik [135]

Answer:

The financial advantage of processing further = $17,800

Explanation:

1. Sale value if processed further = 8,300 x 13 = $107,900

Sale value if processed further = 8,300 x 10 = $83,000

Incremental revenue = Sale value if processed further - Sale value if processed further = $107,900  - $83,000

Incremental revenue =  $24,900

Cost of further processing = $7,100

Incremental profit (loss) = Incremental revenue - Cost of further processing

Incremental profit (loss) = $24,900  - $7,100  = $17,800

Therefore, the financial advantage of processing further = $17,800

3 0
4 years ago
Kallton is a multinational communications and information technology corporation. Its principal products are mobile telephones a
Mumz [18]

Answer:

The correct answer is Crowdsourcing.

Explanation:

Crowdsourcing seeks to outsource or delegate tasks to be left in charge of a large group of people or community. This community, composed of qualified professionals will present their proposals, ideas and candidacies. Companies that use Crowdsourcing will choose the most suitable people to carry out the different jobs, solve the most complex problems and contribute to the development of the business through new and relevant ideas. The objective is to develop the tasks in a shorter period of time with more effective results thanks to more labor and the contribution of solutions. In this way, the effort by the customer, supplier or company is reduced. The elect or chosen within a community will be rewarded for their work in an economic, material or even labor way. Gedesco

6 0
4 years ago
Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be up
Goshia [24]

Answer:

c.$17,800

Explanation:

Sunk cost is a term that refers to money that has been spent and cannot be recovered or recouped.

$17,800 that was used by Hi-tech to purchase computers cannot be recovered. So ,it is the sunk cost.

4 0
3 years ago
Reed Company’s sales last year totaled $150,000 and its return on investment (ROI) was 12%. If the company’s turnover was 3, the
liq [111]
Given:
Sales Revenue  = 150,000
ROI = 12%
turnover = 3

ROI = Margin * Turnover Margin
12% = Margin * 3
12%/3 = Margin
4% = Margin

Margin = Net Operating Income / Sales
4% = Net Operating Income / 150,000
4% * 150,000 = Net Operating Income
6,000 = Net Operating Income
4 0
4 years ago
Why should compensation systems be equitable? How can an organization design an equitable compensation system?
gtnhenbr [62]

Answer:

According to society for human resource management Salary structures are an important component of effective compensation programs and help ensure that pay levels for groups of jobs are competitive externally and equitable internally.

Explanation:

A well-designed salary structure allows management to reward performance and skills development while controlling overall base salary cost by providing a cap on the range paid for particular jobs or locations.

Hope this helps

6 0
3 years ago
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