a). The global market expansion: challenges presented in the industry due to current or anticipated entrants into the industry.
How will competition impact the Sears company’s future?
References within 5 years
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As we discuss this week business formation, one of the things we all need to know is how to file business-related paper work when starting a business and how to access this information electronically so we can look at other business-related information. For this exercise, I selected two states to complete this assignment. Other states retain their bunsiness records in similiar fashion and you should review how your particular state holds such records as well. But to simplify the exercise, lets work with these two states.
In Ohio and in New York, corporations must be file with the state for creation (ohio, the Secretary of States Office) (New York, New York Department of State). The corporate names needs to be filed and articles of incorporation are filed separately to create the corporate entity.
Ohio Business Search:
In Ohio the Business Section of the Secretary of States Office, you can search online business names and find out various information including (1) the businesses type of business formation (i.e., coroporation for profit), original filing date of the business, current status, and location of the business. You look here: https://www5.sos.state.oh.us/ords/f?p=100:1:::NO:1:P1_TYPE:DETAIL(Links to an external site.)Links to an external site.
By clicking on the Entity Number beside the business name, you can look at the actual corporate filing documents. Under the Articles of Incorporation (for profit), you can see who signed the atricles of incorporation. Lets do the following: Look up 1 of the following business entities –
1) WENDY’S OLD FASHIONED HAMBURGERS OF NEW YORK, INC
2) HUCKLEBERRY HOUSE, INC.
3) JENI’S SPLENDID ICE CREAMS, LLC
New York Business Search:
In New York Department of State, You look under the business search section by entering the business name to gather information about the business (Look here: https://appext20.dos.ny.gov/corp_public/corpsearch.entity_search_entry (Links to an external site.)Links to an external site.). you can search online business names and find out various information including (1) the businesses type of business formation (i.e., coroporation for profit), original filing date of the business, current status, and location of the business.
Look up 1 of the following business entities –
1) Pizza GardenDEFONTE’S OF RED HOOK
2 Motiva Networks
3. MICHAEL PAGE INTERNATIONAL INC.
4. DEFONTE’S OF RED HOOK
Answer the following questions:
1) What type of business is the business registered (e.g. LLC)?
2) Is is currently active or not?
3) When was the business first Incorporated?
4) Is the registered agent named or not, If yes, who is it?
5) Do shares exist for the business? If yes, how many?
Additional Questions about your state:
6) What state agency in your state retains business records?
7) Are these business record kept in a similiar fashion as in Ohio or New York?