Situation A The Family and Medical Leave Act (FMLA) provides eligible employees the right to unpaid leave, job protection, and health benefits up to 12 weeks during any 12 month period to attend to qualifying family matters. Eligible employees must be employed for a minimum of 12 months and have worked 1,250 hours the previous 12 month cycle. Employee A was eligible and granted FMLA for the birth and care of his twins. He had met the requirements by being employed with Company A for 2 years and
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Situation A The Family and Medical Leave Act (FMLA), passed by Congress in 1993, guarantees eligible employees up to “12 work weeks of unpaid leave each year for childbirth, adoption, or medical emergencies for themselves or a family member” (Beatty & Samuelson, 2010). The employee and company must meet several conditions for the law to be applicable. FMLA has a broad spectrum and applies to public and privately held companies differently. In the case of public agencies, FMLA applies to all local
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Part A (The report) Part B (The memorandum) Student Name Western Governors University Part A (The report) Determining what type of business venture to either start or invest in can be challenging. Over the next several pages we will evaluate the various types of business organizations and at the end of this report; you should have an initial or better understanding of the different types of business forms. Sole Proprietorship: The word proprietorship can sound intimidating. It is important
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Family and Medical Leave Act of 1993 (FMLA) The FMLA allows employees who work for qualifying employers to take unpaid leave from their job for up to 12 weeks in a year if they meet certain criteria. To qualify the employee must have worked for the employer for at least a year and have worked at least 1,250 hours in the last twelve months with the company. There are several conditions that allow a qualifying employee to request this leave from their employer. One condition that will allow this
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PART A (the report) Sole Proprietorship: is an unincorporated business that is owned by one person, the sole proprietor. An advantage of a sole proprietorship is that there are very few formal requirements for the creation, operation, and termination of the business. The sole proprietor may employ as much or as little capital as he or she sees fit and run the business as they so desire. Additionally all the profits are those of the sole proprietor. With that stated, the losses are
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For anyone who wishes to start their own successful business, there are a lot of important factors to be considered in order for that to happen. The main factor is how the business is intended to be conducted, and characteristics such as liability, taxation, continuity, profit retention and sharing, and the conveniences and burdens associated with the business. It is important for a potential business owner or owners to be educated on the different types of business organizations and rules and regulations
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Part A The Report Sole Proprietorship This is the most common form of business. The business and the owner are the same. That means all debts and liabilities are the responsibility of the owner. The advantage of this form of business is that it is so easy to start. Basically, you just start selling stuff or providing a service. Of course, if permits or special licenses are needed, you still have to get those. The disadvantage is that you can't bring in a partner because there can only be one
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Part A (The Report) Sole Proprietorship A sole proprietorship is the most common form of forming a business in the United States. The individual that forms the sole proprietorship and the business is one in the same. For example, if the business owes creditors money, the individual who created the sole proprietorship business has to pay the bill. When entering into contracts the individual is actually agreeing to the contract since the person and business is one in the same. The biggest advantage
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1) A Sole Proprietorship is: A. Easy to create, allowing sole proprietors to start their business. B. Able to allow sole proprietors to allocate profits from the company. C. Able to control all aspect of their business, from the company's location and financials to sales and marketing. D. Not required to file taxes, passing the company's profits and losses to their personal income tax return. E. Not required to file dissolution documents with the state in order to dissolve the
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LIT1 – task 310.1.2-01 through 310.1.2-06 Business Forms Sole Proprietorship – Sole proprietors are individuals doing business on their own. They have no partners or shareholders. A sole proprietor may have a free-standing business where he works or he may be a contractor or freelancer and travel as near or far as he pleases. If he chooses to move to another location or State, he can continue his business there. Some advantages to this type of business are that the sole proprietor makes all
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