Business Organization BUS 210 Bill Wigton Joint-Stock Company A Joint- Stock company is owned by shareholders, each one shares a portion of the company. For example; Mr. Equis designed a glass company that would specialize on building custom shower doors. He sets up a meeting with a group of possible investors, presents his business plans and offer to sale up to 40% of the shares in order to start the business he will keep control of the company by owning 70% of the shares. Limited
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What is business? An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. The purpose of business? The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents. The aim of businesses is to make profit and to grow. There
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requirement under FMLA that leave be paid, any compensation to the employee during their leave is a voluntary act by the employer. Therefore, the denial for his 11 weeks pay is not a violation of FMLA. The managers actions were appropriate and with in the law. Situation B: The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees 40 years of age or older. Given the glowing performance review of the 67 year old employee that was turned down for the promotion it is apparent
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Business Structure There are various forms of business structures within the United States and understanding the differences assist in determining which is paramount to the type of business being created. The ranges of structures each vary from one type to another along with positive and negative aspects that should be considered for each entity. “The owners of business usually choose the organization form that will help management maximize the value of the firm.” (Kidwell & Bates, P. 6) A business
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one to benefit from the leave he or she must have worked with the employer for more than 12 months. Employee A had worked for 2 years and it can be deduced that he had successfully completed at least 1250 hours at the work place. The rationale of the law is to make it possible for one to accomplish his professional obligations and personal ones without having to choose one at the expense of another. The reason for the leave must be for the care of a family member who has a serious health condition
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Task One Western Governors University Situation A: Family Medical Leave Act of 1993 FMLA entitles eligible employees up to 12 weeks of unpaid leave per year. An eligible employee must have been employed with the company for a minimum of 12 months. The company must have 50 or more employees. An eligible employee is entitled to FLMA for the the birth or adoption of his or her child, a serious health condition of employee, or the employee’s immediate family member. Immediate family members consist
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Business Structure Advice Fin/571 September 21, 2015 William Stokes Business Structure Advice From: Hope Meeks Date: September 21, 2015 Subject: Business Structure Advice Dear John Owner, I am delighted to have the opportunity to provide you with information about the options available to you for starting a new business. I will begin with providing information on each structure along with the advantages and disadvantages of each type of business structure: the corporation, limited liability
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Comprehensive Statement Analysis Business organizations come in different forms, and although they all have financial gains and losses, not all have the same rules and regulations that need to be complied with when preparing financial statements. The Advantages and Disadvantages of the Different Forms of Business Organization Sole proprietorship is a business organization that is owned by one individual. The advantages to a sole proprietorship is that all profits go to the business-owner and that the owner
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BUSINESS STRUCTURES 1 Husniyah McNeill FIN/571 Professor Timothy Dreyer July 9, 2015 BUSINESS STRUCTURES 2 Business Structures A business entity is an entity that is comprised of a group of people organized for profitable
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Sole Proprietorship The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, The fictitious name is simply a trade name--it does not create a legal entity separate from the sole proprietor owner. Formation The simplest
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