of the funds that they needed. In addition, to the release of funds a company would have to look to see what type of business organization they would like to use for ones unique service or product. Consideration needs to be taken into account for legal, tax, accounting, and other implications when a business owner makes a decision about one of many types of business. Four types of business organizations are sole proprietorship, partnership, corporations, limited liability partnerships. Based on this
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of Business The type of business may not be the first question a new or potential business owner contemplates. It is, however, a question that must be carefully addressed because of the tax, managerial, legal and liability impacts that the business formation has. There are a number of legal forms that a business can take. The most common are sole proprietorship, general partnership, limited liability company or LLC, and C or S corporation. Sole Proprietorship Sole proprietorships are probably
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SPECIAL POWER OF ATTORNEY Know all men by these presents: That I/We, _______________________________________, Filipino, married/single, of legal age/s, with residence and postal address at ____________________________________ do hereby NAME, CONSTITUTE, and APPIONT ________________________________ to be my/our true and lawful ATTORNEY-IN-FACT for me/us , in my/our name, place and stead, to do and perform the following special powers, to wit: 1. To transact with the 8990 HOUSING DEVELOPMENT
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proceeding that the parties volunteer to. During this proceeding, the lawyers present a shortened version of their case to two representatives. These representatives have the authority to settle the dispute at hand. (Cheeseman, p46) The recommended legal course of action would be to decide upon arbitration or mediation. The amount of the dispute is $5,000 and going to trial could cost a lot more than that. By choosing arbitration and mediation, the parties are able to still present their
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The original case of George Spinner (represented by Housing and Urban Development (HUD)) vs. Reno Housing Authority centered on Mr. Spinner alleging that the Reno Housing Authority had not properly accommodated his handicap and had disallowed a deduction from his expected rent contribution. This specific deduction was a “medical” allowance that allowed Mr. Spinner to eat at a local restaurant for one of his meals per day. Mr. Spinner has a severe case of Tourette’s syndrome, and also has a patch
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Carolina case law. Rules “In reviewing a N.C. R. Civ. P. 12(b)(6) motion, a court must determine whether, as a matter of law, the allegations of the complaint, treated as true, are sufficient to state a claim upon which relief may be granted under some legal theory, whether properly labeled or not. The trial court may grant this motion if there is a want of law to support a claim of the sort made, an absence of facts sufficient to make a good claim, or the disclosure of some fact which will necessarily
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interest in participating in its operation or management. Therefore, I believe a limited partnership would best accomplish Mrs. Jackson’s business goals. A limited partnership is a hybrid of a general partnership and a company. It is a separate legal personality and those who participate as limited partners have limited liability (Hay, 2008, p.1). Anyone can be a partner in a limited partnership (Hay, 2008, p.1). A limited partnership must have at least one general partner and one limited partner
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What is the purpose of your two business organisations? (P1) Within this research I will be analysing the two different businesses organisations, and how their purpose can affect and influence the people within the local and global area. The two businesses which I have chosen to conduct my research on is Beaulieu Convent School and Apple Inc. Beaulieu Convent School. Beaulieu Convent School is a local small business within the Island of Jersey. They describe their business as being an
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Employment Law and Discrimination Racquell Jones Business Law University Of Phoenix November 9, 2015 SEXUAL HARASSMENT In the case of Jonathan Silverstein, plaintiff vs. Meredith Shaw, defendant. The plaintiff claims that the defendant caused him to miss out on a promotion because she put a sexy screen saver on his computer and when his boss saw it he lost a promotion. The key elements of this case were whether the
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IT 500 Help With Memo Assignment Here is a general structure that you can use for your memo assignment. To: All Employees From: HR Department (or your name) Date: Today RE: My Memo Assignment XYZ... Opening lines would state what is being done, such as a policy on recording phone calls, monitoring emails, and so on. There is no minimum or maximum length here. Averages tend to be two or three paragraphs. Controversies Note the section heading. This helps to distinguish the text that
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