Business Entities, Laws, and Regulations Paper BUS/415 Professional practice Tara and Akiva have just got their licenses in obstetrics and are looking to open a professional practice. They will be a new company and will have to be a member managed LLC. This will protect them from being liable if there are any accidents in the future. Since their business has to do with medicine, they are going to need particular protection from liability issues that might
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Business Entities, Laws and Regulations BUS/415 Business Entities, Laws and Regulations Opening any business can be a daunting task with many regulations and laws that must be followed. In this discussion, two businesses will be examined with the goal of determining, for each business, the following: • The business entity that represents the best choice for each business • Taking control • Taxation issues • Liability issues • Laws and regulations each business must consider in starting
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Business Entities Kandace Chambers, Maria Santa Cruz, Misty Dunphy, Brandon S. Harris BUS/415 December 12, 2011 Lisa Johnson Business Entities Introduction Restaurant/Bar Jose and Lou want to open a restaurant and sports bar. The customers will be able to enjoy socializing, enjoy sporting events on the big screen televisions, and order food when they get hungry. Jose and Lou do not have the necessary capital for the sports bar. However, Miriam does have the capital and
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Business Entities, laws and Regulations Tina Lea University of Phoenix BUS/415 Rachel De Angelo November 2, 2011 Restaurant/Bar Scenario: In this scenario the best business entity to use is the partnership firm due to the
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Business Entities, Laws and Regulation Paper Earnestine Pearson BUS/415 April 23, 2012 Tony Cardillo A entrepreneur according to Cheeseman, 2010, “is a person who forms and operates a business” (p. 250). In opening and starting a business, an individual will have to decide what type of business to form, and if he, she, or they is qualified to do. Individuals must also be able to determine the different forms of business organizations. These forms include: sole proprietorship, general partnership
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Business Entities, Laws, and Regulations Trudy E. Hartis BUS/415 November 20, 2011 Mark Rorem Business Entities, Laws, and Regulations A business assumes limitations and liabilities when building the structure of the organization. There are several types of business entities, hiring an accountant or attorney can help you decide what type of business structure best fits the need of the organization or business that you want to establish. Sole proprietorship, is a
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Business Entities, Laws, and Regulations Mario Stinson BUS/415 August 16, 2012 Dr. Geneace Williams Business Entities, Laws, and Regulations Restaurant/Bar: Lou and Jose are planning on opening the restaurant/bar but are short on funds so they plan to use Miriam as an investor and make him/her a percentage owner. In their case Lou and José’s best choice for their business entity would be a Legal Liability Company (LLC). Since they have an investor in the business this stockholder represents
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Business Entities, Laws, and Regulations Paper BUS/415 Business Entities, Laws, and Regulations Paper Businesses can range from the small mom and pop shops to worldwide corporations. Either way when establishing a business a decision will need to be made regarding the type of entity to use; sole proprietorship, general partnership, limited partnership, limited liability company (LLC), limited liability partnership (LLP), franchise, or corporation. Fortunately, there is guidance, tools,
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Business Entities, Laws, and Regulations Paper David Bell BUS 415 March 12, 2012 Eric Nord Business Entities, Laws, and Regulations Paper Starting a business is not an easy task, regardless of what type of business that is being started. It would be foolish to be naive of the amount of work that has to be put into create a successful business. To step into the business world on the right foot, it is imperative to create a well designed business plan. This business plan must cover all areas including
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Business Entities, Laws, and regulations Paper Contemporary Business Law/421 Business Entities, Laws, and Regulations Paper Choosing the right business entity is as critical to entrepreneurs as it is to professionals. In the United State, people have the right to chose, from a long list of options, a business entity that will meet their particular needs. Found within that long list of options are two business entities that have met the needs of many entrepreneurs as well as professional
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