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
Words: 1121 - Pages: 5
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
Words: 1058 - Pages: 5
Business Entities Paper Arbra Jones Business Law BUS/415 Professor Dina C. Gledhill February 20, 2012 Business Entities This paper will evaluate three scenarios, restaurant and bar with wealthy third party investor, an extermination company with a wealthy owner and investor, and a construction company which is hiring for particular position. The business entity that represents the best choice for each business will be identified as well as the laws, regulations, taxation, and control each
Words: 1583 - Pages: 7
Business Entities, Laws, Regulation Paper Renecia Jones BUS415 November 3, 2011 Alexia Davis Business Entities, Laws, Regulation Paper When starting a new business, regardless of what kind of business it is there are has to be motivation as well as a whole lot of patience. A lot of research must be done when opening a business. A person who wants to open a new business must have a well thought out business plan to take to any potential partners or investors to help increase their chances
Words: 886 - Pages: 4
have Miriam, who is a wealthy investor wanting to invest in their dream. Miriam will provide the capital with minimal participation in the business, but is wanting to profit from the business. Business Entity, Control, Taxation, Liability Since there are three individuals wanting to gain and contribute to this sports bar and restaurant the best suitable entity would be as a general partnership. A general partnership is recognized as being one in the same as its owners. Lou and Jose will be constituted
Words: 835 - Pages: 4
INTRODUCTION It is essential for every business association to understand and have knowledge of all law and regulation of business before starting new business. If any organization does not meet the requirement or fails to fulfill the essentials of business law than, it becomes difficult for them to proceed in a successful manner (Aurther, 2013). The proper knowledge of business law would help the business to properly operate the business operations without having hindrance of ignorance. In this
Words: 764 - Pages: 4
siness entitiesBusiness Entities, Laws, and Regulations Paper Akiva and Tara Limited liability partnerships are organized to protect individual partners from personal liability for the negligent acts of other partners or employees not under their direct control. LLP's are not recognized by every state and those that do, sometimes limit LLP's to organizations that provide a professional service, such as medicine or law, for which each partner is licensed. Partners report their share of profits
Words: 430 - Pages: 2
Name Institution Date Business operations Introduction Businesses can expand and originate from various entity types. Limited or general partnerships, corporation, sole proprietorship, nonprofit organizations, Limited Liability Company (LLC), and Limited Liability Partnership (LLP) may be a few examples of the styles available for business shareholders and owners to choose from in order to carry out their business operations. Each and every style may have its own gains and setbacks as regards
Words: 1897 - Pages: 8
The prohibition of corruption in China, Korea * Invitation and Submission of Bids Law of the People’s Republic of China 178 * Interim Provisions on the Prohibition Against Commercial Bribery Acts 179 * China Enforcement Agencies 179 * Commission for Discipline Inspection of the Communist Party 179 * Supreme People’s Procuratorate of the People’s Republic of China 179 * Ministry of Public Security of the People’s Republic of China 180 * State Administration for Industry
Words: 2382 - Pages: 10
and regulations to minimize risk and study the financial products and services to maximize customer satisfaction. It is essential for a firm to obtain licensing before it can start selling financial services and products. State laws, securities laws, Government Accountability Office (GAO) regulations, and Public Company Accounting Oversight Board (PCAOB) regulations are among the governing bodies that impose such rules and regulations. As
Words: 584 - Pages: 3
