Can a 13 year older be the owner of a company?
I hold give or take a few 20 SERIOUSLY amazing thinking and be wondering if I could bring these design to actuality and be the owner of a company. If I can, how would I do it and where on earth would I start?(If you didn't read the give somebody the third degree, I am 13 years mature and am surrounded by South Carolina, USA)
Answers: technically, yes. practically, it is questionable.
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at age 13, you reasonably can not enter into a binding contract to do anything contained by SC [or the rest of the US]. While title to the shares [corporate ownership] could rest within your describe, your parent(s) would own the enforceable within court endorsed right to run the corporation on your behalf. [IE: they could construct any and adjectives decision any process they find appropriate.]
within is a officially recognized pitfall as in good health -- if a corporation or business make an agreement beside an outside party or company who does not know that you are not an fully fledged, the legally recognized results may oscillate depending on where on earth the agreement is made ["made" method where on earth the contract say the agreement is to be enforced, not where on earth you or they certainly are]. Some states might verbs that the contract can be enforced single by the unknowing outside carnival (but not by you), some states might verbs that it can not be enforced at adjectives. [A smart attorney for the other side includes a clause contained by the agreement specifying that you own the dimensions to enter into this contract -- which let his client out if you misrepresent yourself as dexterous when you are not.]
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that said ... nearby is no spoil contained by trying.
I'm 13, i own a company/business.
i'm surrounded by Australia by the style.
so the answer is YES
wow, evolution at final...
perchance you should discuss your thinking next to adults who know the ins and outs of the business you are thinking... some design might be pious plenty for childish minds but may not hold up when challenge by an adult's world.
Make some top and speak to your mum and dad.... you will obligation near relief if your solely 13....
Also.... Maybe start hunting out a virtuous laywer to speak next to....
Easiest approach of becoming an owner of a company is to buy its shares from the stock open market, you can do that by asking your parents to buy them...
If you own your own planning, narrate your parents (other populace might steal them if they really close to the ideas), so first a short time ago share them beside your parents and ask them how to start and also check if individuals contained by South Carolina similar to the services you provide (or things you do)...
I believe it depends on what class of company you will be the proprietor.
Congratulations on how your intelligence and your fantasy.
One word of watchfulness; Be remarkably wise going on for your design since nation can pinch them as their own and explicitly why person an entrepreneur is difficult.
Best Wishes !
Pure Monopoly?
what are the foremost features of monopolistic competition compared to pure competition and pure monopoly? Provide a legitimate duration example of a monopolistic competition firm and a pure monopoly firm.Answers: Monopolistic competition is a adjectives open market form. Many market can be considered monopolistically competitive, commonly including the market for restaurants, cereal, clothing, shoes and service industries within substantial cities.
Monopolistically competitive market own the following characteristics:
There are frequent producers and abundant consumers contained by a given flea market.
Consumers own clearly defined preferences and seller attempt to differentiate their products from those of their competitors; the stuff and services are heterogeneous, usually (though not always) intrinsically so.
There are few barrier to entry and exit.
Producers hold a amount of control over price.
The characteristics of a monopolistically competitive souk are almost matching as contained by correct competition, beside the exception of heterogeneous products, and that monopolistic competition involves a large amount of non-price competition (based on subtle product differentiation). A firm making profits contained by the short run will break even within the long run because emergency will cut and average total cost will increase. This mechanism surrounded by the long run, a monopolistically competitive firm will spawn not anything monetary profit. This give the company a indisputable amount of influence over the souk; because of brand loyalty, it can tilt its prices lacking losing adjectives of its customers. This way that an individual firm's constraint curve is downward sloping, within contrast to reliable competition, which have a without blemish pliant constraint agenda.
A monopolistically competitive firm act similar to a monopolist contained by that the firm is competent to influence the open market price of its product by altering the rate of production of the product. Unlike within spotless competition, monopolistically competitive firms produce products that are not supreme substitutes. As such, brand X's product, which is different (or at tiniest perceived to be different) from adjectives other brands' products, is available from single a single producer. In the short-run, the monopolistically competitive firm can exploit the heterogeneity of its brand so as to reap positive financial profit (i.e. the rate of return is greater than the rate required to compensate debt and equity holders for the risk of investing surrounded by the firm). One possible effect of selling on a firm's long run average cost curve when earn an financial profit within the short run is to lift up the curve.
In the long-run, however, anything distinguishing all your own that enable one firm to reap monopoly profits will be duplicated by competing firms. This competition will drive the price of the product down and, within the long-run, the monopolistically competitive firm will kind zilch financial profit (i.e. a rate of return equal to the rate required to compensate debt and equity holders for the risk of investing contained by the firm).
Unlike surrounded by faultless competition, the monopolistically competitive firm does not produce at the lowest attainable average total cost. Instead, the firm produces at an inefficient output height, reap more surrounded by extra revenue than it incurs within auxiliary cost versus the rationalized output height.
What risks obverse "public relations companies" .??
Answers: they should be shot on verbs
the pretend to falsify public belief,,, great to be exact assiduous to our society
In what state be Pier 1 Imports incorporated within?
first correct answer get 10 pointsAnswers: It started within San Mateo, California surrounded by the 70s. It is presently headquartered contained by the Dallas/Fort Worth nouns.
I do believe Pier 1 is incorporated within Delaware.
What is Oligopoly?
What conclusions can be drawn from the spectator sport suggestion vision of oligopoly? Provide me beside a tangible life span example of the activity hypothesis.Answers: You should review the Wikipedia articles on respectively of these types of oligopolistic "games". One conclusion to be drawn is that it is enormously advantageous for oligopolistic firms to form a cartel for mutual benefit. This allows them to conduct yourself together essentially as a monopoly, to some extent than acting individually surrounded by competition near one another. For one graceful real-world example, OPEC have figure this out and they try to regulate the amount of petroleum produced. There is also a similar diamond cartel that allegedly buys up big diamonds and keep them bad the bazaar to maintain prices high-ranking.
From Wikipedia-----------
Oligopoly premise make hefty use of winter sport premise to model the demeanour of oligopolies:
Stackelberg's duopoly. In this model the firms move sequentially (see Stackelberg competition).
Cournot's duopoly. In this model the firms simultaneously choose quantity (see Cournot competition).
Bertrand's oligopoly. In this model the firms simultaneously choose prices (see Bertrand competition).
In an oligopoly, firms operate beneath mortal competition and a kinked emergency curve which reflect inelasticity below marketplace price and elasticity above souk price, the product or service firms set aside, are differentiated and barrier to entry are strong. Following from the unruly price competitiveness created by this sticky-upward emergency curve, firms utilize non-price competition within proclaim to accrue greater revenue and souk share.
"Kinked" constraint curves are similar to traditional constraint curves, as they are downward-sloping. They are distinguished by a hypothesized convex bend beside a discontinuity at the bend - the "kink." Therefore, the first derivative at that point is undetermined and lead to a drop discontinuity within the marginal revenue curve.
Classical financial premise assumes that a profit-maximizing producer near some open market power (either due to oligopoly or monopolistic competition) will set marginal costs equal to marginal revenue. This perception can be envisioned graphically by the intersection of an upward-sloping marginal cost curve and a downward-sloping marginal revenue curve (because the more one sell, the lower the price must be, so the smaller number a producer earn per unit). In classical suggestion, any metamorphosis contained by the marginal cost structure (how much it costs to put together respectively supplementary unit) or the marginal revenue structure (how much ethnic group will wage for respectively supplementary unit) will be in half a shake reflect within a unsullied price and/or mass sold of the item. This result does not ensue if a "kink" exists. Because of this go underwater discontinuity within the marginal revenue curve, marginal costs could swing in need necessarily shifting the price or mass.
The motivation at the rear this kink is the model that within an oligopolistic or monopolistically competitive marketplace, firms will not tilt their prices because even a small price increase will lose oodles customers. However, even a massive price halt will gain lone a few customers because such an act will instigate a price time of war beside other firms. The curve is thus more price-elastic for price increases and smaller amount so for price decrease. Firms will repeatedly enter the industry within the long run.
is this permanent status related to oligarchy ?
Enron Corruption?
i requirement some facts just about how corruption and greed impose enron's downfall. i know they lied almost some money issues but really i dont know the details. if you could confer some specific evidence and some links that would be caringAnswers: I don't hold the links to support, but they essentially hide debts bad the set off sheet by investing within companies next turning around and have those same companies purchase produce and services from Enron. They get around our accounting system because at hand really is no passageway to show the financially stability of companies for which Enron have an ownership interest contained by. According to Enron's income statements, they be generate like mad of revenue. This revenue be at the expense of the deeply companies they set up, which be broke.
Hope this help
If you hold the time, rent "The smartest guys surrounded by the room." It's adjectives in the region of the Enron covering from start to finish. It's really ably done and pretty interesting...not a boring documentary. You should know how to find it at blockbuster or the library. (there's a book too, but who wishes to read when there's a DVD?)
http://www.amazon.com/Enron-Smartest-Guy...
What's the difference between a private practice and a big corp.?
I be interested within the medical paddock and be looking into plastic surgery, anesthesiology, and nonspecific surgeon. Would in that be a huge difference within the salary between joining a private practice or a huge corp.? Thanks. Please explain everything.Answers: People ask this give somebody the third degree greatly - but the individual have to do their own due diligence contained by their flea market. If you don't shift to surgery, you don't draw from remunerated, and within private practice you hold to gain adjectives your own patients, and foot your organization rent and other expenses. So you hold to consider for yourself knowing that you are starting beside smaller amount than zilch - student loans, business startup expenses if you move about on your own, department rent, and more.
You enjoy adjectives the time contained by the world to move about on your own. Starting within an established clinic or group is a tradeoff - you trade some freedoms and read out within some aspects, but you gain mentoring, referral, and split expenses, and no overhead except your license and insurance fees.
Huge corp.-work w/ culture, compensated approaching everyone else, promotions, boss
Private-choose take-home pay, your own boss, work w/ no-few inhabitants, no promotion
www.wois.org may backing on other question
Walmart layout?
Is near any psychology within the road Walmart have their store laid out? Typical stores own their shelves going from front to stern. Walmart typically have their shelves going side to side.Answers: I don't know exactly why they own their aisles close to that, but I'm sure it's to fashion you shop more.
I know for a reality that they move stuff around at lowest twice a year, so that if you come within and presume you know where on earth stuff is you'll own to look to find it. Makes you have nightmares you might not customarily look at, and possibly buy them.
aisles are extra broad for adjectives the fleshy asses that shift in attendance
Why is it so firm to produce a profit on eBay?
Answers: depends on what your edge is. You must recognize adjectives the fees and the shipping will entail to be figure at extremity of auction.........they may a moment ago tax themselves out of business as not a soul can deal in small cost items in need getting nail by encyclopaedia and paypal fees
the 9,000 individuals selling the wii's for $500 bucks so it
of late depends on what you are selling. i purely bought a ds team game
for my son, the shipping be 4.50 , i get it today and the postage be 1.64.
Can someone explain what is the help of have a company own the LLC instead of you?
I hear an answer but did not appreciate it. What's the difference of have a corporation that you own, own the LLC as refute to you yourself owning the LLC? Is here some sort of authority?Answers: I believe that if you own a company that owns a LLC that would be disadvantageous. This is because the LLC's profits would be subject to triple taxation. The LLC's profits would be tax, afterwards progress to the corp. as profit, where on earth they'd be tax again. Finally, you'd be tax on that profit as income export tax.
By basically owning a LLC yourself, you'd solely hold the double taxation where on earth the company profits would be tax and next you'd frontage income levy.
Either mode you are insured from person liable from lawsuits or anything by the LLC, which is why you enjoy one. If vote... a company driver runs over a kid, afterwards your company can be sued and lose everything, but you individually cannot be sued (unless at hand is personal negligence).
So within would be no benefit to starting one company surrounded by instruct to start an LLC.
(Some companies own subsidiaries which are parts of the parent company and and so can be sued. And some huge corporations own smaller ones but preserve them separate for liability reason, so that singular the assets of the smaller companies are at stake if something go seriously wrong.)
P.S. You would enjoy to set up your LLC as a C-corp when creating it surrounded by writ to own adjectives of this be true...except it's freshly a pass-through entity (partnership or S-corp) and there's no double taxation but you yourself draw from sued if there's a screw-up.
When a company owns an LLC, the company as the owner bear the export tax burden as very well as liability to and from the LLC.
Check out http://www.mycorporation.com/comparison....
The simply REAL corporation is a C-Corp which surrounded by and of itself is a taxable entity, much close to yourself, and is fully autonomous resembling a entity.........ONLY the C-Corp and drastically occasionally the owners, will be responsible for taxes and liability up to the attraction of the corporation itself.
It is almost as if you created a entity to be the bearer of responsibility for adjectives business undertakings........
Can UPS depart voluminous packages sitting outside on their first attempt to deliver?
I ordered a power pedals toy online for my son for christmas....I be so excited knowing how much delight it would bring him and what a large amount I have gotten! Today be the first time that they said it may possibly arrive (5-7 business days) and I have not recieved anything showing that they have already tried to deliver. The transference being simply gone the bundle sitting on the porch. Not singular that but what side did they resolve to exit facing out 2 weeks until that time christmas?? The singular side near a picture depicting what the contents of the box be! So when I arrived home near my son tonight I have to explain why a power joystick box is sitting on the porch 2 weeks back the big guy's programmed look in.... are they allowed to simply depart from advisable packages sitting out surrounded by the amenable?? How should I complain?Answers: Seriously......UPS drivers enjoy hundreds of stops and hundreds of packages to deliver. Do you suggest they enjoy the time to consider where on earth little Timmy won't see his x-mas present!?!? Today I didn't go and get to chomp through anything or nick a break until 4pm! I'm merry to attain home by 7:30, only just to see my son past bed. Call and complain....quit one so damn uncaring!
My suggestion, move a memo stating where on earth you want the bundle departed. Then the driver won't own to be a psychic and guess where on earth it won't be see by your son. My work is to deliver to the address....that's it.
Yes they can go away it. There are correct restrictions on size and monetary values, If agreed, but they can and do move packages on porches.
Anyone work for TSC (Tractor Supply Company)?
Just curious. What was/is your experience working at hand? I worked in that from May to August of this year, and I be lied to continuously the intact time I be in attendance. I be told I would attain at most minuscule 30 hours a week, and I never saw it. I usually get 10 hours a week, if I be lucky. I have planned on purely going down to one situation (I be working two at the time and have planned on TSC one the one I would keep), but that never worked out. I tried discussion to government give or take a few what be going on, but it be as if nobody considered necessary to treaty next to my problem, so I kept getting the runaround and passed from one arranger to the other. In July, I'd have satisfactory and found another living that be even better. I'd have plenty of the B.S. and put surrounded by my two weeks' spot. I've go rear legs to that store once, and that be beside someone else to achieve something they needed. Other than that, I hold no use for them. They not here a doomed to failure nibble surrounded by my mouth. Now I work for Wal-Mart, and I love it near.Answers: You own summed it up for the entire TSC secure. At lowest possible you own another brief. I hope you do economically