or foster father or mother, or any other individual who stood in loco parentis to the employee when the employee was a son or daughter as defined in paragraph (c) of this section. This term does not include parents “in law.” 2. Does it matter whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA? Yes, that matter because the fact is that this company has more than 50 employees that has effect in Tony’s eligibility. The FMLA applies
Words: 1347 - Pages: 6
service tax, etc. are the same as in any other business.” However, for carrying out an event at an outside venue, you need certain authorisations from the local bodies. In a place like Chandigarh one needs 6-7 authorisations whereas the number can go up to some 21 authorisations in Delhi. Some essential authorisations include a permit from the Municipal Corporation (for putting up advertisements), the Superintendent of Police (security), the SDM (law and order) and a no objection certificate from
Words: 260 - Pages: 2
Legal Forms of Business Sole proprietorship The sole proprietorship is the oldest, most common, and simplest form of the business. Also known as a sole trader, is a type of business form that is owned and manage by one person and in which there is no legal difference between the owner and the business. The owner receives all profits and has full responsibility for all losses and debts. The proprietor owns every asset of the business and all the business liabilities are the proprietor’s. A sole
Words: 1284 - Pages: 6
self-employed business like my brother in laws, Steiny’s Garage. A partnership is two or more people who own a business equally. They share all the responsibility of the business between the members which includes the risks and the rewards. An example of a partnership would be the original Johnson & Johnson Company, before it became and LLC. (Johnson & Johnson) A sole proprietorship is the most common structure when choosing to start a new business. It is an unincorporated business that is
Words: 362 - Pages: 2
The Family and Medical Leave Act (FMLA) was devised to provide job stability and protection to individuals necessitating an extended period of time off work. Enacted in 1993 by President Bill Clinton, the purpose of this law is to permit qualified employees a leave of absence because of a variety of personal, medical, or serious circumstances. The FMLA allows employees to take up to 12 weeks of leave, under the stipulation that they will not be paid, their benefits coverage will stay intact, and
Words: 267 - Pages: 2
CheckPoint Business Organization A Joint Stock Company is a type of corporation or relationship between two businesses or companies similar to a partnership. Often, certificates of ownership called stock can be issued by the business or company in exchange for additional contributions. The shareholders in these companies or businesses are able to transfer their shares or ownership interest at any time by selling their stock to others. Specifically, there are only two types of joint stock
Words: 453 - Pages: 2
MODULE -2 Business Organisations Notes 5 FORMS OF BUSINESS ORGANISATION ou have studied in the first lesson about the business, its significance and the classification of business activities. You are also aware that these activities are carried out by individuals in an organised form of a business house having different patterns of ownership and management. A single individual may own the business or a number of individuals may come together to own the business jointly. So, based on ownership
Words: 10847 - Pages: 44
Proprietorship: Sole proprietorships are businesses that are owned and operated by one person. The business and the owner are one and the same, as there is no legal separation between the two. The owner would only have to register as a business if he were to operate under a fictitious name or if they provided services requiring a license. * Liability: As there is no legal separation between the owner and the business, 100% of the liability is on the owner. He or She would be responsible for all debts, accidents
Words: 1775 - Pages: 8
Business Organization Melanie Smith BUS/210 June 01, 2014 Shane Wenttz Business Organization Mamma Mel’s company structure will be that of a sole proprietorship. A sole proprietorship is one of the most common and simplest company structures to form as it is a one man, or in this case, one woman operation where in the owner (me) takes on all aspects of operating the business including all associated risks and liabilities. Some of the advantages to operating as a sole proprietor include
Words: 396 - Pages: 2
Ownership Structures By Martha Linn Intro to Business in a Tech World Professor Timothy Hawley 2 July 2013 The four main types of business ownership are: 1. Sole proprietorship 2. General partnership 3. Limited liability company(LLC), and 4. Corporation These differ from each other in many ways: how many owners, risk and liability, the ease in which they are set up and dismantled, and the ways they are taxed. In the following paragraphs I will attempt to explain and
Words: 556 - Pages: 3
