Legal Forms of Business The decision to decide on what type of business organization to select for the situation to be most successful can be difficult because it is hard to predict the future on how things will unfold. With seven different forms of business to choose from and all with specific advantages to polices, financial structure, and risk it is important to know the advantages and disadvantages. Each situation has a preferred choice and liability and one or two plus people must research
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Types Of Business There are many different advantages and disadvantages of different types of ownership within the business sector. Before you start you’re new or expanded business plans. You need to explore all the options available to you. Will you be a Sole Proprietor or a Corporation or everything in between? The following report will examine six different business organizations in detail. Sole Proprietorship: is when the business is fully owned and managed by one person (others can be
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Business Ownership Name: ACC/561 August 6, 2012 Instructor: Business Ownership The biggest decision an individual can face is with when starting a business is selecting the type of business he has interest in. Will his business be a sole proprietorship, a partnership, corporation, or limited liability
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Legal Forms of Business Introduction The different forms of business include sole proprietorship, partnership, limited liability company, S corporation, franchise and corporate form. However, depending on the type of business and the number of individuals involved in starting the business can determine what the best form of business to suit the organization. The advantages and the disadvantages must be weighed and thought out carefully in order to minimize risks and possible
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Family Related Issues Derrick Dingle Professor Myers-Nelson Law and Ethics in the Business Environment 1. Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. The type of relationship or lack thereof between a child and their biological parent has no bearing on whether an employee is eligible for FMLA. An employee can ask to use FMLA
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1) Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. It does not matter if the parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. The FMLA does not specify whether or not the member of your family had to be active in the employee’s life
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a son, daughter, or parent, of the employee, if such spouse, son, daughter, or parent has a serious health condition (Halbert 2010).” Tony would be eligible for the FMLA leave even though he and his biological father had no relationship. A business size can effect whether an employee can be eligible for the Family Leave and Medical Act.
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ATTENDANCE IN THE MANUFACTURING WORK PLACE August 10, 2011 EXECUTIVE SUMMARY Carrier’s absenteeism rate has grown tremendously in the last three years; this report show’s changes in the attendance policy could elevate problems that could affect the bottom line profits. Over the last year September 2009-September 2010, the trend of absenteeism has risen to 11.2 percent with a standard deviation of 2.8 percent, this would increase amount of employees needed in the plant that is required for
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"family member" for purposes of taking NJFLA and FMLA leave? An employee’s spouse, children (son or daughter), and parents are immediate family members for purposes of FMLA. The term "parent" does not include a parent "in-law" under the FMLA, but under the NJFLA, a parent-in-law is included under the category of "immediate family member" (see below). The terms son or daughter do not include individuals age 18 or over unless they are "incapable of self-care" because of mental or physical disability
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The objective to start a business is to achieve business aims by maximizing its profits. A business is established with a single person or by many people. The legal forms of business are: Sole Proprietorship, Partnership, Limited Liability Partnership, Limited Liability Company, S corporation, franchise, and corporate form are the legal forms of business. The common impacts these forms of businesses have are: liability, tax, legal, and managerial. Sole Proprietorships Sole Proprietorships
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