PROPRIETORSHIP: This business entity is the most common business used in the United States. This entity is owned and ran by one individual where there is no legal distinction between the owner and the business. This legal name of the business is the owner’s name; however, the business may operate under a fictitious name by filing a DBA. This person is legally accountable for all elements of the business including finances, loans and debts. One of the advantages of doing business as a Sole Proprietorship
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forms of business ownership Damara Santiago BU1110 10/24/14 There are three major forms of business ownership they are sole proprietorship, partnership and corporation. With each form of business ownership comes different risks, advantages and disadvantages. Which form of ownership you decide to choose depends on your desire for control and your tolerance for risk. Your original choice of business ownership may change as your business begins to grow. The first major form of business ownership
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into deeper, more similarly today’s conditions than originally thought. One of these topics is surveillance, specifically government and law enforcement surveillance. In the world today, surveillance solves crimes and keeps an eye on things in important buildings and even on some streets, making it a good thing, but too much surveillance, especially when no laws restrict it in any way, harms society in an irreversible way. The telescreens in 1984 are mega versions of security cameras, the undercover
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Small Business Idea Katrina Le`Vere University of Phoenix ACC 561 July 17, 2012 Samuel G. Smith Introduction Starting a business requires a decision governing what form of business organization the company or corporation should operate under. This decision must be made before the business has actually begun operations. The owner must make two initial decisions in order to begin their business operation: the type of business entity
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Running head: Labor and Employment Law Labor and Employment Law As a Human Resource Director for Company X, I come across situations every day that challenge my decision making. These situations need to be handled in a delicate matter to make sure that the company is following the guidelines that are setup and established by the federal government to make sure that companies and employees are treated fairly. I would like to discuss three situations that recently
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Ethical Dilemma Andrew Cantrell CJA/324 Larry Avallone January 20, 2014 Abstract Ethical decisions and the way that the police department handle situations is an extreme issue. When an officer in the department is witness to brutality or unethical behavior it is their duty report the incident to the proper person within the department. Unethical Decision Made In July of 2007, Christopher Dorner was a police officer for Los Angeles Police Department (LAPD). At the time he was on
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Work Submitted to the Ramon V. Del Rosario College of Business De La Salle University – Manila In Partial Fulfillment Of the requirements in BUS520M Business Law Submitted by: GROUP 4 Amparo, Lourdes Lagman, Mia Marie Legaspi, Jill Noreen Submitted to: Atty. Antonio Ligon April 6, 2016 I. Background 1. Philippine Business a. History 2. Doing business in the Philippines b. Forms of business 3. Definition and Origin of Joint Venture (JV)
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Abstract The topic in discussion here is the suit filed by a company Non-Linear Pro against Quick Takes Video for non-payment of lease amount. The later claims that the product leased to them was of inferior quality and has been owned for less than a month, whereas Non-Linear Pro is trying to charge them for a three-month lease. A noteworthy point is that none of the owners of the company have signed the lease. It has been signed by a third party agent appointed by the company to place and receive
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Subdomain 310.1- Business Law A1a. Sole Proprietorship- One person owns the business. Unlimited Liability -Under sole proprietorship, only one person owns the business and there is no difference between the business and the owner. The owner takes full liability of everything that happens when operating the business. If a customer slips and falls, the business owner will be liable for 100% of any liability incurred. The personal and business assets are intertwined so if the business is sued, the
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Part 1 Business Enterprises in China 1.0 Introduction 2.0 Proprietorships 3.0 Partnerships 4.0 Corporates 1.0 Introduction In the People’s Republic of China, business organizations may be classified in to three main classes: individual proprietorships, partnerships, and corporations. The laws that effect these forms of business enterprises are diverse. There is no single code or statute that governs the PRC law of business enterprises. According to the sources of capital, there are domestic
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