and/or local laws affect ting the type of business, and Dissolution. Different forms of business are customized to suit corporations due the amount of liability that is spread throughout the business. One form of business may be a safer and more profitable alternative because investors can invest with low risk. For example, a sole proprietorship is the simplest form of business. It refers to a person who owns a business and is personally responsible for the debt of the business. A good sole proprietorship
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Their innovative work ethic enabled HP, its employs and their business partnership to thrive. 4. Kasie opens up “Kasie’s Creations” which is a catering company. She has a team of 10 that assist in prepping and cooking the food, delivering the food to the customers and also serving the food when the situation warrants. The team of 10 work directly for Kasie and she receives all profits and has unlimited responsibility for all business losses and gains. Kasie is he sole
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Legal Forms of Business Law/531 Legal Forms of Business There are multiple legal forms of business including sole proprietorships, partnerships, limited liability partnerships, limited liability companies, S-corporations, franchises, and corporate forms. Entrepreneurs must assess concerns of liability, risks, and assets when considering these optional forms of business because each form has its own advantages and disadvantages. The following paragraphs illustrate specific scenarios
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A joint venture is a partnership or alliance among two or more businesses or organizations based on shared expertise or resources to achieve a particular goal.1 There are many good business reasons to participate in a joint venture partnering with a business that has complementary abilities and resources, such as finance, distribution channels, or technology, makes good sense. These are just some of the reasons partnerships formed by joint venture are becoming increasingly popular. A joint venture
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Caitlin Jerome February 16, 2013 Western Governors University LIT1 Task 2 Introduction: The United States of America have created the laws that have and will protect the workers’ rights and provide the guidelines to the employers they work for. In 1993, there was a law that was passed called the Family Medical Leave Act that provides clear guidance to the employers and employees. The Americans with Disabilities Act was passed in 1990 and the Age Discrimination Act of 1975 was also passed
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simplest form of business entity. Factually speaking it is not an entity at all in the way that a corporation exists as a legal entity. Rather, a sole proprietorship is the person conducting business. They are conducting business on behalf of themselves, they obligate the business personally, and they are personally responsible for all liabilities. Also, no special legal filings are needed outside of compulsory licenses that might be required by local governments to conduct business in that particular
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sole proprietorship is a business that is owned by one person only. That one person is the sole owner and makes all decisions on their own. Most sole proprietorships are small business likes restaurants, markets, and liquor stores. The owner must have knowledgeable business experience or else his business will not be profitable. Most of this shops end up closing up after a couple of years because the sole owner must take in all the losses. A partnership is a business where there are two or more
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good example could be inferred from ANTHONY G. MARTIN, versus BREVARD COUNTY PUBLIC SCHOOLS, Florida case, 2008 where Mr. Martin had to take care of her newly born granddaughter using FMLA leave as a loco parent. Explain whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA The Family and Medical Leave Act (FMLA) act of 1993 applies to all employees who are public agencies, including state, local and federal employers, local education
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forms Legal Forms of Business Paper Yaciel Toledo Law/531 June 3rd, 2011 University of Phoenix Legal Forms of Business Paper Selecting the best form of operating a business depends on the type of business the owner wants to run. The owners have to pick the structure that best meets their needs. “The selection depends on many factors, including the ease and cost of formation, the capital requirements of the business, the flexibility of management decisions, government restrictions
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Small Business Start Up Christopher Blasdel Accounting/ACC561 November 14, 2011 Julio Jimenez Small Business Start Up Starting a new business can be a daunting task but the end results can be incredibly rewarding. New business owners are the foundation for our capitalistic economy and without them, such organizations as Wal-Mart and Macy’s would never exist. In this paper, we will examine the four different forms of business organization, weigh their strengths and opportunities, and identify
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