Uniform Commercial Code (UCC) Legislative History On September 21, 1957 Massachusetts adopted the Uniform, Commercial Code. Effective October 1, 1958, the Code replaced the Uniform Sales Act, the Negotiable Instruments Law, the Uniform Warehouse Receipts Act, the Uniform Bills of Lading Act, the Uniform Stock Transfer Act, the Uniform Trust Receipts Act, and numerous other statutes. Massachusetts thus became the second state to enact the Code, following the lead of Pennsylvania, where the Code
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As Director of Human Resources for Company X, I have been directed to research and make recommendations concerning three personnel issues. These issues pertain to possible violations of the Family Medical Leave Act of 1993 (FMLA), Age Discrimination in Employment Act of 1967 and the Americans with Disability Act of 1990. Situation A involves the Family Medical Leave Act of 1993 and Employee A. Employee A has been employed by our company for two years and requested leave to assist at home due
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Final Paper – Acme Fireworks As the manager for Acme Fireworks, I have been asked to determine if common law or the Uniform Commercial Code (UCC) will govern the contracts entered into by Acme Fireworks. In addition, I am to analyze whether the five essential elements of a contract have been met. Acme Fireworks is currently licensed as a sole proprietorship. As such, I will examine any potential personal liability they may have if a spectator was to get injured during a firework display. Further
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Sole Proprietorship Description Sole proprietorships are business entities that are owned and managed by one person and there is no legal distinction between the business and owner. Two Advantages Easily formed - cheaper to start-up and less laws regulating the business Tax benefits - owner is not required to file a separate business tax report, but can file on personal returns Decision making - owned and operated by one person, so no complications when making decisions Two Disadvantages
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benefits associated with being taxed as a business. While a sole proprietorship, in some states, can be owned by more than one person, Betty and Betsy will need to aware of their actions so that the IRS and the state do not have a reason to imply a partnership, or other business form, due to their actions of holding themselves out as anything other than independent. (Unif. Partnership Act §202(c)(3). Should this occur, Betty and Betsy could be subject to business and tax requirements they had not anticipated
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When considering what business form you would like the company to take, there are several pros and cons that one must weigh against each other. This company has become quite profitable considering its small size, and as such, you have been considering changing business forms to lessen the disadvantages that come along with a sole proprietorship. There are many avenues of approach to accomplish this, but after analyzing your situation I believe that incorporating into an S-corporation would be the
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Microsoft case Since it was established, Microsoft has never needed other people's money. When Bill Gate and Paul Allen founded the company, they borrowed a little, but it's been pay-as-you-go ever since: $60 billion in market capitalization, all generated by internal cash flow; the company has never had a dime in long-term debt. Yet, Gate and Allen decided to incorporate in 1981, and to take the company public in 1986. Why did they do so? Call in rich When working stiffs need a break,
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carefully reviewing the problems you are having with your business organization. I have come to the conclusion that that the best option for you and your company is for you to form your company into a Limited Liability Company. I am confident that after I share with you the reason for this change. You will also agree with me that a limited liability will be a good option for both you and your business. Mr.Broline, you are currently operating your business, Broline Woodworks, as a Sole proprietorship. I have
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Police Organization CJS/210 Police Organization Police agencies are all organized very similar to each other, but the main difference is in their jurisdiction. Local police agencies make up the largest number of law enforcement officers in the United States. Local agencies are responsible for patrolling, and doing investigations of crimes committed within their own jurisdiction. Local police departments are broken down into levels which are patrolled by separate organizations. City level - Full
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supervisor has the responsibility to improve the human resources within his or her purview in line with attaining the goals of the agency. They are also in charge of getting the new officer trained and to quickly build proper job attitudes and behavior. A training supervisor is in a advantageous position to influence personal and organizational development in a law enforcement agency. The key consideration involved in building and implementing a training program starts with the following four positions.
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