Business Ownership

Does Magic Johnson own Starbucks? Magic Johnson Enterprises is an American investment company owned by retired NBA Hall of Fame legend Magic Johnson. In October 2010, Johnson sold his interest in 105 Starbucks licenses back to the company. Read more on en.wikipedia.org Both an entrepreneur and former NBA player, Magic Johnson is well-known. Over the … Read more

Who owns Fusion Sushi? Fusian Sushi co-founders from left to right: Stephan Harman, Zach Weprin and Josh Weprin. The Fusian chain of fast-casual sushi restaurants traces its roots to the Dayton area, and more specifically, to Oakwood, where founders Stephan Harman and brothers Josh and Zach Weprin were childhood friends. Read more on www.daytondailynews.com With … Read more

Who is Orangetheory owned by? Ellen Latham created the Orangetheory Fitness workout with one goal in mind: to make sure anyone who tried it was successful. It’s safe to say that she accomplished this goal, as Orangetheory now has nearly 1 million members and over 1,000 studios all over the world. In 2019, the company … Read more

Who can own a PLLC in North Carolina? What is a professional limited liability company (PLLC) in North Carolina? A PLLC is a business entity owned by one or more members, who must be licensed professionals. A PLLC is legally separate from its owners, which provides limited personal liability to owners against the business’s actions. … Read more

Does managing member mean owner? A managing member is a person who is involved in the daily management of a company. The managing member has an interest in the business as an owner. This person is also in an authoritative position that allows him or her to represent the company in contract negotiations and agree … Read more

Is proprietor a sole trader? A sole proprietorship-also referred to as a sole trader or a proprietorship-is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business. A sole proprietorship is the easiest type of business to establish or take apart, due to a lack of … Read more

Is a non profit owned by a business entity? The most popular business entity for nonprofits is the nonprofit corporation, making up well over 90% of all tax-exempt organizations. A nonprofit corporation has no owners (shareholders) whatsoever. Nonprofit corporations do not declare shares of stock when established. Read more on www.501c3.org Non-profit organizations (NPOs) are … Read more

Who owns Yogurtland? owner Phillip Chang When Yogurtland opened its doors, in 2006, in Fullerton, CA, owner Phillip Chang had one goal in mind: provide a self-serve frozen yogurt experience that gives customers the highest quality ingredients and flavors to fill their cups. Read more on www.yogurt-land.com Popular frozen yogurt retailer Yogurtland has been in … Read more

Is the founder the owner? The title of founder automatically gives a clear indication that you were directly involved in the creation of the company. Unlike other titles, like CEO or owner, this one cannot be passed from one person to another, as the founding of a company is a one-time event. Read more on … Read more

Is a record store a good business? How much profit can a record store make? There may be low sales during any particular week. A small record store might make $800 to $1,000 per week in average sales or $41,600 to $52,000 in sales per year. Approximately 25% of the sales are profits, which equals … Read more