The package is designed to assist a sole proprietor in running a small business by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!
The documents in this package include the following:
Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.
General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.
Noncompetition Agreement - Small Business - This agreement is entered into by a seller and a buyer. Seller covenants and agrees that seller will not engage directly or indirectly in any business competitive with the business buyer is purchasing from seller within a certain number of miles of the nearest city limit.
Purchase Invoice - This is an invoice form that may be used by a business to keep accurate and detailed records of a transaction.
Purchase Order - This is a purchase order form that may be used by a business to keep a record of a sales transaction. Provisions for shipping details may be included.
Employment Application - General - This form is an Employment Application. The form provides that applications are considered without regard to race, color, religion, or veteran status.
Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.
Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.
Employment Position Announcement - This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.
Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.
Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.
Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.
Self-Employed Independent Contractor Employment Agreement General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.
Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.
Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.
Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.
Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate
Title: Understanding Sole Proprietorship with EIN: Types and Detailed Description Introduction: A sole proprietorship is one of the simplest, most common forms of business structures. In the United States, entrepreneurs can obtain an Employer Identification Number (EIN) to identify their sole proprietorship for tax and legal purposes. This comprehensive guide aims to provide a detailed understanding of what sole proprietorship with EIN entails, its benefits, and the various types that exist. 1. Sole Proprietorship with EIN Defined: A sole proprietorship with EIN is a business entity that consists of a single individual who operates a business. The owner assumes full responsibility for all aspects of the business, including management decisions, profits, and liabilities. The EIN, also known as a Federal Employer Identification Number or Tax ID, serves as a unique identifier that allows the IRS to track business earnings and tax liabilities correctly. 2. Benefits of Sole Proprietorship with EIN: a. Simplified Taxation: With a sole proprietorship, there is no separate tax filing requirement for the business entity. Instead, the owner includes all business income and expenses on their personal tax return. b. Full Control: Sole proprietors retain absolute control over their business, including decision-making processes, operations, and profits. c. Minimal Complexity: Establishing a sole proprietorship with EIN involves relatively simple paperwork and minimal filing requirements. d. Cost-Effectiveness: As a single-owner business, there are no requirements for complex legal procedures or expensive organizational formalities. 3. Different Types of Sole Proprietorship with EIN: While all sole proprietorship are owned and operated by a single individual, some common types exist that may offer certain advantages based on the nature of the business. These include: a. Professional Sole Proprietorship: This type includes businesses providing professional services like consulting, freelancing, or legal advising. Individuals pursuing sole proprietorship within these fields often obtain an EIN to differentiate their personal and professional activities clearly. b. Home-Based Sole Proprietorship: These sole proprietorship are typically operated out of the owner's residence. Activities like online businesses, craters, or small-scale service providers often fall under this category. Obtaining an EIN helps separate personal and business activities more easily. c. Retail Sole Proprietorship: Owners of retail stores such as boutique shops, independent bookstores, or specialty outlets can benefit from obtaining an EIN. This allows them to establish corporate accounts, receive payments, and handle transactions under a unique tax ID. d. Service-Based Sole Proprietorship: Personal care businesses like salons, spas, fitness trainers, or pet grooming services are examples of service-based sole proprietorship. Acquiring an EIN ensures a clear distinction between personal and business income for taxation. Conclusion: In summary, a sole proprietorship with EIN involves a single individual taking responsibility for running a business and obtaining an Employer Identification Number for tax purposes. By understanding the different types of sole proprietorship, entrepreneurs can determine the most appropriate structure for their business venture. Whether it's a professional, home-based, retail, or service-based sole proprietorship, obtaining an EIN can bring multiple benefits, including simplified taxation, control, minimal complexity, and cost-effectiveness.
