5 17 business organization

291 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
291
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

5 17 business organization

  1. 1. Finish Vegetables Plants: Corn & Herbs Terms: Herb & Monoecious
  2. 2. Herbs <ul><li>Most herbs are native to the Mediterranean area so they like: </li></ul><ul><ul><li>Bright Sun </li></ul></ul><ul><ul><li>Moderate temperatures </li></ul></ul><ul><ul><li>Well drained soils </li></ul></ul><ul><li>Annual herbs: basil, dill, & parsley </li></ul><ul><li>Perennial herbs: lavender, oregano, rosemary, sage, thyme </li></ul><ul><li>Be careful about mulch – use sparingly – don’t want too much moisture around plant base </li></ul><ul><li>Few pest problems – some are even used as insect repellants </li></ul>
  3. 3. Herb <ul><li>A small, seed-bearing, plant that is valued for its flavor, fragrance, medicinal and healthful qualities </li></ul>
  4. 4. Corn <ul><li>Warm season </li></ul><ul><li>Will not grow well until soil is over 75F </li></ul><ul><li>You can warm soil with black mulch </li></ul><ul><li>Germinates in about 4 days </li></ul><ul><li>Very heavy feeder: must supplement </li></ul><ul><li>Needs regular water – best w/ irrigation </li></ul><ul><li>Best to grow in blocks rather than rows </li></ul><ul><li>Usually get 2-3 ears per plant </li></ul><ul><li>Wheat, barely, and rice are all in the same family </li></ul>
  5. 5. Monoecious <ul><li>A plant that has both male and female flowers on the same plant. </li></ul><ul><li>In corn, the tassel is the male flower and the silks are the female flower </li></ul>
  6. 6. Quiz
  7. 7. Introduction to Horticulture Plant: Wintercreeper Euonymus Term: Sole Proprietorship
  8. 8. Wintercreeper Euonymus <ul><li>EE OH NA MUS </li></ul><ul><li>Plant type: Evergreen Groundcover or shrub </li></ul><ul><li>USDA Hardiness Zones: 4b to 8b </li></ul><ul><li>Height: 12&quot; to 24&quot; </li></ul><ul><li>Exposure: shade to full sun </li></ul><ul><li>Leaf Color: Green, White, Variegated </li></ul><ul><li>Uses: Container, Erosion control, Ground cover , </li></ul>
  9. 9. Sole Proprietorship <ul><li>A business owned by one person (the proprietor). The most simple type of business organization. </li></ul><ul><li>Many use the d.b.a. (doing business as) designation. </li></ul><ul><ul><li>Example: </li></ul></ul><ul><ul><li>John Smith, dba Smitty’s Mower Repair </li></ul></ul><ul><li>Fictitious Name Declaration </li></ul>
  10. 10. Taxes <ul><li>Business income is reported to the IRS on a schedule C under the owners social security number. </li></ul><ul><li>You must pay estimated taxes quarterly </li></ul><ul><ul><li>Fed Gov’t: </li></ul></ul><ul><ul><ul><li>Social Security & Medicare: 15.5% of your income </li></ul></ul></ul><ul><ul><ul><li>Estimate federal income tax: ~10-20% of your income </li></ul></ul></ul><ul><ul><li>State Gov’t: </li></ul></ul><ul><ul><ul><li>~5% of your income </li></ul></ul></ul>
  11. 11. Sole Proprietor <ul><li>There is no liability protection – if the business is sued – the owner is personally sued. </li></ul>
  12. 12. Other Types of Businesses <ul><li>Partnership – Just like a Sole Proprietorship with more than one owner. </li></ul><ul><ul><li>Income reported on personal income tax – divided according to partner interest. </li></ul></ul><ul><ul><li>No liability protection </li></ul></ul>
  13. 13. What is Liability <ul><li>The state of being legally obliged and responsible </li></ul><ul><li>If your business is sued and does not have enough assets to cover the amount, your personal assets are sold to cover the difference. </li></ul><ul><li>Results in Bankruptcy </li></ul><ul><li>We live in a litigious society </li></ul>
  14. 14. Other Types of Businesses <ul><li>LLC (Limited Liability Corporation) </li></ul><ul><ul><li>Taxes either as a individual or corporation </li></ul></ul><ul><ul><li>Personal assets are safe </li></ul></ul><ul><ul><li>Apply with the State Corporation Commission </li></ul></ul><ul><ul><li>Need to have Corporate By-laws </li></ul></ul><ul><li>Corporation </li></ul><ul><ul><li>Taxed as a corporation and as individual </li></ul></ul><ul><ul><li>Personal assets are safe </li></ul></ul>
  15. 15. Legal Requirements <ul><li>File for a business license with the city/county government </li></ul><ul><ul><li>Business License Application </li></ul></ul><ul><ul><li>Make sure no other business has the same name </li></ul></ul><ul><li>You also need to register with the state government </li></ul><ul><ul><li>Virginia Department of Taxation </li></ul></ul><ul><ul><li>If you are selling something, you also need to pay sales tax </li></ul></ul>
  16. 16. Employees? <ul><li>You need a Federal Employer Identification Number </li></ul><ul><ul><li>Go on-line & apply for one </li></ul></ul>
  17. 17. Steps for New Business <ul><li>Complete a business plan </li></ul><ul><li>Apply for a business license </li></ul><ul><li>Register with the State </li></ul><ul><li>Register with the Federal Government (if you have employees) </li></ul>
  18. 18. Today <ul><li>Plant watermelons & squash </li></ul>

×