George and Laura Cox have just formed the Baxter Manufacturing LLC

 

George and Laura Cox have just formed the Baxter Manufacturing LLC (named after George’s dog). They will be purchasing a large amount of equipment using a $500,000 bank loan. The bank has required them to personally guarantee the loan. They also bought the building in which they will house their business. They took out a $1,000,000 mortgage to pay for the building. Neither member was required to guarantee that loan. Laura has loaned the LLC $50,000 to help pay for start-up expenses. In addition, they have a line of credit, but do not plan to borrow anything against it right now. George and Laura expect to have about $40,000 in accounts payable at the end of the year.

George and Laura have requested to meet with you to discuss whether they can take a deduction for the debt they have incurred and if not, how do the loans affect them. In preparing for the meeting, you need to outline your thoughts to assist you in presenting the information during your meeting with the Coxes.

Prepare and outline presenting your thoughts to George and Laura in a meeting.

 

Sample Solution

typically among the management of the business. associate external constraint is outside the business and is tough to regulate, if at all. typically internal and external constraints go along and there’s a fine cross line between them. as an example, interest rates are an external constraint, and this causes an indoor constraint therein it makes the finance cash additional extravagant for the business. Internal constraints – these are circumstance among the management of the business that are limiting it achieving its aspiration.

The effects of external constraints are; dynamical consumer’s tastes folks wish new product and services as presently as they are available on to the market. They prefer to modification to match no matter is fashionable at the time. If this happens then a business might notice its sales fall and it should not be profitable or not even survive. Competitors’ bring out new complete all the time to undertake to battle. They barrage new advertising movements and advancements to convert somebody customers.

What are some effective strategies for enhancing successful team performance? How can these strategies help to decrease threats to team performance and motivation?

Team performance is actually necessary for eminent comes. one thing that leader is often considering is that the relations, connections and performances of their cluster. High performance pointers demonstrate that eminent teams can very often outflank people operating solely, particularly within the feverish circumstances or once varied ranges of talents and skills are needed. Having an area with a team sets you up for additional distinguished adequacy that you simply ne’er might reach while not anyone else. Relationships and connections that advance corporations create things that prompt additional distin

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