Business Entities, Laws, and Regulations Trudy E. Hartis BUS/415 November 20, 2011 Mark Rorem Business Entities, Laws, and Regulations A business assumes limitations and liabilities when building the structure of the organization. There are several types of business entities, hiring an accountant or attorney can help you decide what type of business structure best fits the need of the organization or business that you want to establish. Sole proprietorship, is a
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Business Law Name Institution Business Law When starting a new business, there is a range of legal issues that the two graduates should put into consideration before making the business operational. Everything from the business structure to its operation to its name has legal implications. Before starting the business, the two graduates are required to sample legal concerns that they want to address with their attorney before they start the business (Miller, Cross, & Jentz,
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ORGANIZATIONAL FORMS Yvette Crespo 310.1.2 The following is an explanation of six types of business models. I will explain the advantages and disadvantages, liability, incomes taxes, longevity, control, profit retention. Location and or convenience and burdens. In conclusion, the reader should have a clear understanding and overview of the six types of business forms. SOLE PROPRIETORSHIP The overall benefits of a sole proprietorship are the flexibility and inexpensive way you can organize
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agent can affect their liability to any claims and the two main categories of agent: General agent: a general agent is an agent authorized by the principal to conduct a series of transactions involving continuity of service, like a manager of a business. A general agent does not require fresh authorization for each transaction. Special agent: a special agent is an agent who is authorized to conduct a single transaction or a series of transactions not involving continuity of service. In other words
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Business Entities Lisa Ramos BUS311: Business Law I Instructor: July 28, 2014 Business Entities I. Introduction “Business owners are wise to consider the fundamental issue of organizational formbefore they become too deeply immersed in business operations.” (Rogers, 2012) When it comes the laws of business there are is a large range of categories and topics which include the type of entity to become and how it affects contracts, liabilities and tax information. We must be aware that
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Colorado Technical University Business Proposal and Formation Business Law I MGMT235-1503A-09 Unit 5 I P Instructor: Dr. Leslie Cooper-Blood By: Betty Smith August 10, 2015 Introduction to Lady B’s Salon This introduction is to institute the spawning of Lady B’s Salon within the state of Alabama. The company will be a full-service salon that offers an enormous amount of services that goes beyond the normal stylist salons. This proposal outlines the steps and measures that will be taken during
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Proprietorship BUS 311: Business Law 7 Jul 2014 Sole Proprietorship Upon the decision to start a new business, one must ask the question of what type of business entity they intend to initiate. According to Rodgers, Author of the book Essentials of Business Law, “One of the most fundamental decisions all businesspersons face in starting a business is how that business will be organized,” (2012). There are several deferent business entities to choose from. The business owner would have to weigh
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Closet It is a Consignment business which is part of the fashion industry. I will be offering goods such as Clothing, shoes, purses, and accessories which consists of Watches, Jewelry and Sunglasses. My Target market is Women of all ages and sizes. In the entity of business My Company will have Copyrights, Trademarks, and a Domain name II. Formation The formation I rather use is an LLC- it is a Hybrid form of Business enterprisenwhich means I can facilitate my business as a new developer and
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Business Law FALB 11 Sec B As I looked at the fourteen TOCs we talked about during this class to see which one really helped me out and which one really gave me the most information about the business world. I fell across one of our topics called “A Sobering Lawsuit” from week one. This topic hit home for be because it happened in the company I work for a couple of years ago. For as long as anyone could remember there has always need alcohol at our Christmas parties, which have hourly associates
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Suing a customer over an unpaid debt is certainly not the most enjoyable tasks a business owner endures, but it does have to be done sometimes to minimize losses. If I were suing a customer and I received a notice stating that the customer is filing for bankruptcy the first thing I would do is try to find out what type of bankruptcy the client is filing for. I would most certainly try to minimize my losses by trying to rearrange my case so that I could recuperate as much from the client as possible
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