What Is an Administrative Dissolution of Corporation?

What is Administrative Dissolution? Administrative dissolution is an involuntary process used by the Secretary of State or similar government agency to dissolve a corporation, LLC, or other business entity. If a company fails to file an annual report or other necessary compliance document by the deadline set by the Secretary of State, administrative dissolution can … Read more

Are Pawn Shops Profitable?

Overview of Pawn Shop Business Pawn shops provide loans to people, using personal property as collateral. If borrowers default, pawn shops can sell the collateral to recover the loan. Pawn shops also sell used items, often at lower prices. Interest rates on loans typically range from 5-25%, governed by state laws. Revenue comes from loan … Read more

What Is an S Corporation in New York?

Definition of S Corporation An S corporation (or S corp) is a type of business structure in the United States that combines the limited liability features of a corporation with the pass-through taxation of a partnership or sole proprietorship. This structure allows the business to avoid double taxation, as the profits of the business are … Read more

What Was the 2nd Fast Food Restaurant?

History of Fast Food White Castle opened the second fast-food outlet in Wichita, Kansas in 1921. They sold hamburgers and were the first to standardize production of food. The McDonald brothers opened their redesigned restaurant in 1948. Burger King and Taco Bell began in the 1950s. Wendy’s opened in 1969. Fast food is prepared and … Read more

What Is an Example of a Quick Service Restaurant?

Overview of Quick Service Restaurants (QSRs) A Quick Service Restaurant (QSR) is an eating establishment focused on speed and efficiency. Examples are McDonald’s, Burger King, Wendy’s. QSRs prioritize fast service over quality. Quick Service Restaurant Features Fast service No table service Food-to-go options Limited menu Utilization of tools like mobile apps and kiosks for streamlined … Read more

Do Pawnbrokers Need a Licence? Overview of Pawn Shops

Pawn Shop Functions Provides short-term loans to citizens against security Limits on interest rates and fees Helps recover stolen goods Trustworthiness of registered pawnshops Items exchanged for money Pawnbrokers determine items bought and sold Loan Process Loans with interest charged Unpaid items are sold Items purchased from customers and resold Shop Opening Requirements Licensing, security, … Read more

Who Is the Smallest Model?

Asta Young: Challenging Beauty Standards Meet Asta Young, a charming girl from Hong Kong, who conquered the Internet with her unusual appearance. This unique girl who is believed to be the smallest model-cosplayer on Earth is 134 cm. Believe it or not, she is only 102 cm tall at her 27. However surprising it might … Read more