...Katelyn Bowerman 000311726 310.1.2-01-06 Part A There are many different types of business forms for your company to convert to. Below I will discuss the six types, their characteristics, advantages and disadvantages. I have concluded that there is one piece of generalized advice I can give for all of these types, and that is preparation for all owners involved, no matter the role. In the event of a death, or a decision to leave the business, you should make sure that at the forming of the business, that everything is in order for all parties involved and the smooth continuation of said business. Running a business can be an exciting endeavor, but I would recommend to anyone before they start, to have everything legally in order for all the different kinds of situations you can find yourself in. Sole Proprietorship- The simplest form of business, a sole proprietorship is the most common form of business in our country. Be it because it can be managed by a single person; or perhaps it’s the lack of agreements and formalities needed for the business to run, sole proprietorships are able to operate on a small scale and responsibilities fall on only one person. In a sole proprietorship, only one person is needed for the capital and credit to start the business, and possibly that’s why we American Dreamers have turned it into the most common form of business used in this great country. What distinguishes this form from the rest, is the unshared responsibility of the owner....
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...Benjamin Fowler 11/16/15 Task 1 LIT1-0315 A.) The Family and Medical Leave Act of 1993 is a federal law that sets the standard for unpaid leave and job security in the case of certain medical and family situations. The law applies to any worker employed for more than a year at a company with 50 or more employees that is within 75 miles of the employee's residence. The law covers unpaid, job-secure leave to qualifying employees that are caring for a new child, caring for a seriously ill immediate family member, recovering from serious illness, or caring for an ill family member that is in the armed services. The duration of the benefits program is 12 weeks, or 26 weeks in the case of military caregiver leave. Company X meets the requirements to be covered under the Family and Medical Leave Act of 1993 by being a company with over 50 employees that is within 75 miles of the employee, the employee meets the requirements by being a full time worker for at least 12 months, and the company must certainly offer him to return to his position at the same salary. However, the law does states that this sort of medical leave is unpaid, therefore Company X is not required to pay Employee A the withheld salary and is not in violation of the law. B.) The Age Discrimination in Employment Act of 1967 covers the federal rules against age discrimination. The law can apply to any employee over 40 years in age. It covers the areas of in hiring, promotions, wages, and employment termination...
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...he had at his previous income, but he manager decided to withhold his wages for the time he was out. The family and medical leave act of 1993 (FMLA) was created to help eligible employees, of covered employers, to take time off work without risking job loss or other penalties, during times of medical hardships like the birth of a child, the care of a parent, child, other dependent or a spouse that has a serious medical condition. FMLA was enacted to with the goal of equal opportunities for women in the work force. There are certain requirements that must be meet for an employee to qualify for FMLA. The employee would need to complete 12 months of employment or have work at least 1250 hours during the 12 months preceding the incident. The business must have employed 50 or more people within a 75 mile radius. Lastly the employee must be employed with a covered...
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...Legal and Ethical Issues Italia Espinoza, Anthony Hill, Erik St. George, David Rojas, Janet Sanchez ETH/ 316 August 17, 2015 Leonard Knight Legal and Ethical Issues Having to deal with legal and ethical issues in a business can become difficult if the correct procedures are not followed. Knowing the difference and the importance of how these issues can impact a business and or an organization is a good approach when trying to make a business grow. Taking into consideration the minimal details in which a company can avoid any issues that can make their business fall back from growing and becoming successful, can be beneficial in the long run. Throughout the context, there will be some examples of what ethical and legal issues are and the impact they can cause an organization. What are ethical issues? Ethical issues are problems, situations or opportunities requiring an individual to choose among actions that may be evaluated as right or wrong, ethical or unethical. Ethical issues are sometimes caused due to conflict which could include personal or business. Some of the questions that arise would be “is it ethical to sell products that are legal, but are known to harm those who use them?” Defining ethics is norms of conduct that distinguish between acceptable and unacceptable behavior. Ethical issues goes beyond personal or business matters. It depends on the person or business to decide. In business ethics there are a set of attitudes, morals and rules of behavior...
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...International Legal and Ethical Issues In Business Several issues keep emerging in the current business world. Some of these issues are legal while others are ethical. The management of modern organizations must ensure that their human resources have desirable ethical behaviour. This will ensure that their organizations maintain their clientele and in turn increase their profit margins. How would you effectively present the issue of potentially defective products to the CEO, other directors, and managers? A potential defective product can cause injuries if taken lightly regardless of whether the company’s ethical guidelines have been communicated. Such situations can cause significant legal repercussions and destroy the reputation of a company, which can cost the company if proper steps are not followed in correcting it. Normally, the senior management in current organizations fails to know what is happening at the ground level and it is the duty of the employee in charge to give out a report (Edwards, 2008). During such a presentation to the top management, it is important for one to give out sampled evidence to support the allegation in an honest manner. This should be made in comparison to the actual products to bring out the difference. Physical evidence brings out product defects and it will challenge the top management to act fast to avoid legal battles with the consumers (Brooks, 2012). How would you specifically notify customers of such an occurrence? It is an...
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...Addressing International Legal and Ethical Issues LAW/421 Contemporary Business Law October 4, 2014 Addressing International Legal and Ethical Issues In the “Addressing International Legal and Ethical Issues” simulation; a company named CadMex was in discussions to do international business with a company from Candore named Gentura. The issues that were involved in resolving legal disputes in international transactions are that the company from the United States, CadMex; had to be careful to make sure that they knew the laws of the country of Candore and abided by them. CadMex needed to be familiar with the culture and local government as well as to not get into any long legal disputes with the country of Candore. Considerations must be taken when taking legal action against a foreign business partner based in another country. Taking legal action in another country would severely impact any future investment and business relations in that country, but on the other hand depending on the situation action must be taken to protect the company. When CadMex considers their decision to grant sublicensing agreements; they must consider many factors. The factors would be that the sublicensed companies would need to meet the current quality standards and production requirements currently upheld by CadMex. CadMex must also consider the time that the sublicensing agreements will take to accomplish and the cost that the company will incur from these sublicensing agreements....
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...International Legal and Ethical Issues Lori Hall LAW/421 December 18, 2012 Corey Frost International Legal and Ethical Issues When one company decides to take legal action against a foreign business partner in another company it is important to not only have an understanding of their local laws but also cultural differences, customs, and language barriers. All of these items could present possible barriers to resolving legal disputes associated with international transactions. Any company doing business abroad must be mindful of the pitfalls of international business, ensuring that the contract entered into is legally enforceable, the contract must protect the company’s interests in the foreign country against all eventualities, knowing that possible disagreements and disputes are common in the international trade arena. This paper will outline the legal, ethical, and cultural issues of doing business abroad. Issues Involved In Resolving Legal Disputes First, business contracts must clearly specify which laws will govern the business decisions that will be made, whether it is American law, local country laws, or popular international convention. One should note that international laws are broad terms establishing a series of customs that countries and businesses agree to adhere to when dealing with each other and that international laws are binding; however, largely based on reciprocal behavior rather than legal sanctions (Melvin, 2011). Some issues involved in resolving...
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...offer suggestions. Most of the employees, when given the opportunity, have the ability to provide insight and a unique approach to problem solving. In an organization such a Halliburton the managerial staff must be separate from the rest of employees as a manager’s responsibilities are different. Managers within Halliburton use the four functions of management to direct employees and reach organizational goals. Every organization is influenced by legal issues, ethics, and corporate social responsibilities. Halliburton has dealt with all three of these examples. Halliburton sets organizational goals at each level of operation. To reach these goals Halliburton employs four contrasting planning methods including; strategic, tactical, operational, and contingency planning. Halliburton is a diverse company that operates across many regions throughout the world. With such vast operations Halliburton must have a successful planning process. As Halliburton continued to expand the organization deemed it necessary to form two main divisions. The two divisions consist of drilling and evaluation and completion and production. In 2009 the two divisions accounted for $14 billion in revenue. To strengthen our presence in the Eastern Hemisphere, Halliburton established a second headquarters in Dubai, United Arab Emirates. The oil and gas business is moving its focus from the increasingly difficult reserves of the Western Hemisphere to the bounty of the Eastern Hemisphere. As the customers Halliburton...
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...Organizational Ethics Jessie Banks ETH/316 October 27, 2014 Mario Madrid Organizational Ethics Business policies and practices regarding potentially controversial issues are part of organizational ethics. These ethics are often guided by the law; most business uses ethics in order to be accepted by the public or to have a successful business. Ethical principles can address organizational issues which help the organization to follow good practices within their organization or company. I am part of the Parkland Health & Hospital System organization, and this organization is committed to providing the best possible care to our patients as well as the community we serve. Therefore it is critical to our staff that we provide patient centered patient valued care that is ethical when caring for our patients. The care of our patients along with our business operation it is an important part of how we are looked upon. The main goals of our organization is to adopt a culture of integrity, and accountability with ethical behavior, in order to establish internal controls that will abide by the laws and regulations which will maintain ethical practice within our hospital. Within the healthcare field and especially public health (county hospital) external social pressures has a big influence on the ethics within this organization. As part of public healthcare this organization has to follow strict ethical practices because we are constantly under public scrutiny from external was...
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...International Legal and Ethical Issues In the simulation CadMex faced many challenges when setting up and operating internationally in a country where customs, culture, and laws are different from stateside. Organizations must make decisions on which countries legal system will apply to disputes and how they are resolved. It also must consider the implications of legal action against their foreign partner or government. Failure to address these issues before signing an agreement could result in conflicts and loss of revenue. An organization must evaluate how it can resolve legal disputes in international transactions before it makes a contract final. Issues on location, the current government, legal system, and enforcement should play a role in the decision to go forward. If legal action is required an organization must consider how their actions will affect their relationship with their foreign partner, how it will be perceived by the host country, and will the cost and time of legal action outweigh the loss that influenced the action. In the simulation CadMex had to make a decision in regard to sublicensing their medication. Legal action was one of their options; however, this would have strained their relations and forced their business partner into bankruptcy. The foreign government authority may have rejected the sublicensing agreement because of time and availability of the needed drug. CadMex looked for a solution that satisfied all parties and avoided legal action...
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...Running Head: ENVIRONMENTAL ANALYSIS OF THE GREEN SHOP Environmental Analysis of the Green Shop SWOTT Analysis In business, SWOTT analysis that reflects company’s strength, weakness, opportunities, threats and trends also have great significance in accomplishing the objectives (Wheelan & Hunger, 2004). With the proper understanding of SWOTT analysis, organization will assess both the environmental factors i.e. internal and external that endlessly facilitate in attaining the pre-set objectives. External Forces & Trend Consideration In the ‘External Forces Analysis’ organic and natural health food shops the major forces included are the legal & regulatory forces, economic forces, competitive analysis and social factors. Legal and Regulatory Factors The legal and regulatory forces are very important for the business of organic food and natural health products. Human health is a highly sensitive issue for the company, so the legal regulation regarding this business is the license of human health administration to sale the food product (Wheelan & Hunger, 2004). It is necessary for the shop to get a certification and license of the nutrition available in the products (Bradford & Duncan, 2000). The legal and regulatory framework would enhance the capability of the strategy formation of the company with the inclusion of the varied legal and regulatory aspects of food and health products (Brown, 2009). Economic Factors The economies of the countries have...
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...of Training in the Workforce Ardelia Houston HRM/326 April 6, 2015 Dennis Heins Importance of Training in the Workforce The importance of training in the workplace stems from motivation, because it is an essential part of the employee, and the organizational success of a business. In most business employees tend to get irritated or frustrated when he or she works for a long period of time. Most employees of an organization get frustrated from working for a long period time, therefore, it is up to the company to create training courses to encourage its workers, and their quality of work. Motivation is a drive that helps increase the performance of productivity of an organization. It is important for businesses to achieve a pattern of training goals or objectives for employees to learn legal aspects of the company, and learn to work in a diverse environment create growth or profits. In order for a company to become successful in the marketplace, it is important for training courses to take place. When training course occurs it can increase, motivate, and provide potential growth for the employee. Training sessions help to build career development that produces a healthy image for the business, and the consumer. Human resource use learning classes to achieve long, and short-term objectives, and goals. A strong sense of cooperation, and teamwork, and urgency to learn when staff members have the proper training. Employees work together as a unit, and team spirit becomes...
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...Week 2 Simulation Paper After completing the Addressing International Legal and Ethical Issues simulation on the student website I have come to some conclusions on the questions presented in the syllabus. We will discuss the issues involved in resolving legal disputes in international transactions. What are some practical considerations of taking legal action against a foreign business partner based in another country. What factors could work against CadMex’s decision to grant sublicensing agreements. When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? How will I compare the issues in this simulation to the domestic legal issues discussed in week one readings? How should companies resolve domestic and international issues differently? Discussing the issues involved in resolving legal disputes in international transactions you must consider possible changes in legislation, clashes of interest, and ethical dilemmas. When entering a transaction with another country you need to make sure that the agreement is legally binding and enforceable. You also need to consider cultural and ethical differences inherent in such business transactions. What some of the practical considerations of taking legal action against a foreign business partner based in another country are as follows you need to make sure the contract protects your company’s interest within the foreign country in which you are operating against...
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...Security Organizations: Goals and Objectives Security companies and organizations develop and establish goals to aid and help them build a profitable and successful long-term business. The security market has a wide variety of activities from physical to information security. Even with the wide variety range, all of the objectives and goals are basically the same from company to company. An important way that a security operation or company establishes goals and objectives is through the relationship that it builds with its' customers. It also meets its goals and standards by the product it puts out to the people who have hired their services. The organizations must also focus on the type of tactics it uses for recruitment, as well as retentions practices to maintain quality employees. A vital element of security operations is confidentiality. Confidentiality is the backbone of security, without it then the operations are not secure. This is crucial for all employees and employers in the field of security due to the nature of the business. There are many legal aspects and issues that deal with organizational security. One of the major legal issues is the fragile information system used within the organizational companies. This could deal with personnel files, company policies, and even financial records dealing with the company or client. There must be preventative measure in place to guarantee the privacy of this information. In regards to this, there must be...
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...International Legal and Ethical Issues Simulation Summery Mauricio G. Holguin LAW/421 30 January 2014 Teresa Morales International Legal and Ethical Issues Simulation Summery Legal disputes can occur between businesses while conducting business. It is the responsibility of both parties involved to conduct risk management and examine whether or not is worth the risk. In this paper, one will briefly describe legal dispute in international transactions and will comment in the scenario in week two assignment. What are the issues involved in solving legal disputes in international transactions? Before any action can take place, both parties need to take into consideration each other’s laws. Factors such as local and international laws can be difficult. The differences in political and culture platform also have an important role in the success of conducting international business (Melvin (2011). Being able to define the international law as either public or private; plays a role in understanding international law. In regards to CadMex and Gentura, the different laws and culture may pose problems. Gentura is part of the dictatorship country of Candore and may not fulfill the technology transport criteria set by its own country title, Cardorean Regulations for Technology Import Contracts (CRTIC) (University of Phoenix, 2014). What are some practical considerations of taking legal action against a foreign business partner based in another country? One thing to consider...
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