...Business Entities: Memo to Gloria Smithson LAWS 310 Professor TO: Gloria Smithson, Business Owner FROM: DATE: May 24, 2015 SUBJECT: Business Entities In today’s world, putting up one’s own business is better than becoming an employee considering that people can come up with various business ventures and ideas. However, not everyone who puts up their own business succeed primarily because of failure in identifying the correct business structure for their endeavor. To get the most out of a small business venture, it is crucial to choose the perfect structure that fits the type of business in order to maximize the potentials of the business, including maximizing financial and operational success. Therefore, identifying the appropriate business entity is necessary to guarantee the success of a business venture. Rules may vary depending on country, state, or province. The Scenario The husband and wife team of Joe and Gloria Smithson have come up with a new and more efficient widget that could help transform the energy industry from what it is today. Finding the confidence that they have already perfected the design, the husband and wife team created a prototype and designated a lawyer to file for design and utility patent applications. The next step therefore is registering the company and identifying the business entity type that would insulate her and her family from personal liability for debts of the business, or liability in the event of injury caused by the...
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...C h a p t e r 1 Prewriting GETTING STARTED (OR SOUP-CAN LABELS CAN BE FASCINATING) For many writers, getting started is the hardest part. You may have noticed that when it is time to begin a writing assignment, you suddenly develop an enormous desire to straighten your books, water your plants, or sharpen your pencils for the fifth time. If this situation sounds familiar, you may find it reassuring to know that many professionals undergo these same strange compulsions before they begin writing. Jean Kerr, author of Please Don’t Eat the Daisies, admits that she often finds herself in the kitchen reading soup-can labels—or anything—in order to prolong the moments before taking pen in hand. John C. Calhoun, vice president under Andrew Jackson, insisted he had to plow his fields before he could write, and Joseph Conrad, author of Lord Jim and other novels, is said to have cried on occasion from the sheer dread of sitting down to compose his stories. To spare you as much hand-wringing as possible, this chapter presents some practical suggestions on how to begin writing your short essay. Although all writers must find the methods that work best for them, you may find some of the following ideas helpful. But no matter how you actually begin putting words on paper, it is absolutely essential to maintain two basic ideas concerning your writing task. Before you write a single sentence, you should always remind yourself that 1. You have some valuable ideas to tell your reader,...
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