AnniseHamed_New Venture_September 3, 2019.pptx - MBA630...

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MBA630 LEADING IN THE MULTICULTURAL GLOBAL ENVIRONMENTAnnise A. HamedProject 4 – New Venture PresentationSeptember 3, 2019
LEVEL UP SOLAR ENERGYMISSION STATEMENTTo give everyone the ability to be able to able charge any electronic device anywhere at any time.VISION STATEMENTTechnology is changing and so are we…LEVEL UP wants everyone to have affordable solar energy at their finger tipsCore values: Commitment to Customer ServiceBuilding relationshipsInnovationReliabilityIntegrity2
LEGAL FORMS OF BUSINESS Here are some basic considerations of the four primary legal forms of business:Sole Proprietorship if owned by one personGenetral Partnership for two or more ownersLimited Liability Company - Known as an LLC, limited liability companies are something of a blend of the flexibility of a partnership with the liability protections of a corporationLegally Incorporated Corporations - a stand-alone entity that generates income and pays its shareholders and/or employeesS Corporation - income gets taxed through shareholders rather than the corporation itselfC Corporation - Shareholders will be taxed for personal income paid on their shares.3
LEGAL FORMS OF BUSINESS: GENERAL PARTNERSHIP This is a shared ownership of business between two or more individuals with same interest with each partner having control over the partnership.Has no formal maintenance requirements apart from default rules for partner rightsEach partner is liable for debt obligations and conduct of business Partners are sole owners and decide on each percentageContinuity is determined by the partnership agreement4
LEGAL FORMS OF BUSINESS: LIMITED PARTNERSHIPLimited Partnerships; comprised of two or more persons, general partners and limited partners Creation; created by a general and limited partner Maintenance; the general partner is the head of the partnership

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