regardless of creation date. LEGAL HOLD A legal hold suspends all document destruction and supersedes all procedures under this Policy. The purpose of a legal hold is to preserve and protect appropriate records under special circumstances, such as litigation, or when litigation is reasonably anticipated, or a government investigation. All employees and Board members will be notified by the President of the Premier College or his or her designee when a legal hold is required, and
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request as a result of financial difficulties. Bankruptcy is a legal procedure for liquidating a business which cannot fully pay its debts out of its current assets. Two major objectives of a bankruptcy are first of all, fair settlement of the legal claims of the creditors through an equitable distribution of a debtor’s assets. The second objective is to provide the debtor and opportunity to a fresh start. Bankruptcy can be a very tough process that causes losses for all stakeholders. For example, is a
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attending several lectures at xxx, I have decided to open a kiosk business in my estate selling potatoes. I therefore have to decide under what legal form to register my business after a careful consideration of the different pros and cons and finally identify what would make up the supply chain of my business. Background information There are a range of legal structures associated with different forms of business: 1. Sole trader businesses are the easiest to set up because there is no complex paperwork
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A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers Types of business structures Sole Proprietorship A Sole Proprietorship is one individual or married couple in business alone. Sole proprietorships are the most
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CONTENTS Introdcution ...................................................................................................................................................................2 Definition of a Company ............................................................................................................................................2 Features of a Corporation ........................................................................................................................
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lot of challenges and opportunities for new businesses. An entrepreneur that starts a business must decide the legal form under which the new company will operate. The major forms of business organizations are: sole proprietorship, partnership, general partnership, limited partnership, limited liability partnerships, limited liability company, and corporation or under other available legal business forms (Cheeseman, 2010). The choice could become a critical factor of the success of the enterprise,
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Legal Issues in Public Education Grand Canyon University EDA 555 February 25, 2015 Response to Concern of Teacher Misconduct To: Mr. Joe Black, Lead Custodian From: The Principal Date: February 24 Subject: Letter of Concern Mr. Black, Thank you for sharing with me the information about an educational professional in our building. I appreciate that you felt confident enough to bring this to my attention. The safety of the students and staff are very important to me and I will take
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Introduction: The three basic legal forms of businesses in the United States are Sole Proprietorships, Partnerships, and Corporations. However, each of these forms can have variations and a hybrid called a limited liability company can be formed in all US States that exhibit the characteristics of both a partnership and a corporation (American College, n.d.). The following are some of the forms of business existing in the United States and their characteristics: a. Sole proprietorship b.
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New Mexico Statute Melissa L. Shuey Kaplan University 1. This statute was enacted by the legislature of the State of New Mexico. 2. The language contained in the New Mexico statute is primarily mandatory. The beginning of the statue uses “shall be” and “shall not be,” both of which are mandatory phrases. Additionally, subsection (1) continues with mandatory language when it states, “No individual shall receive benefits…” and “…that a person shall not be denied….” However, some discretionary
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Business Plan Part 4: Organizational Plan and Financial Plan Let us begin by first identifying what the three of these forms are and what they mean to the process..The sole proprietorship is the one that catches the eye of our company Elite Productions presents. In this form of legal business the business itself has only one owner. This is listed as the most common of the four types of organizations compared to. In this form the owner and the business are considered as being un-breakable unless
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