Task 310.1.5: Labor and Employment Law Situation A: The Family and Medical Leave Act (FMLA) protects an employee’s job for up to 12 weeks under certain conditions. During the leave, an employee is not paid but is covered under the same health insurance plan. An employee is eligible for the FMLA if it is “for the birth and care of the newborn child of an employee, for placement with the employee of a child for adoption or foster care, to care for an immediate family member with a serious health
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Part A: SOLE PROPRIETORSHIP: This business type is basically a business with one owner. Give a company a name and starting a sole proprietorship is simple. With this type of business all profits are the owners, but the burdens and liabilities are also the owners’ responsibilities. * LIABILITY- The liabilities are extremely high, from personnel injuries, to debt unpaid. If any part of your business suffers financially and not dealt with, the personal assets of the owner can subject to being
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Sole Proprietorship A sole proprietorship refers to a form of organization owned by a single individual. In this business, a single person makes all the decisions and does not have to engage a legal department to approve contracts. The owner of such a business can only use personal funds even though he or she may have separate checking and savings accounts for the business. The first characteristic of this form of business enterprise is liability. A sole proprietor suffers from unlimited liability
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Part A (the report) SOLE PROPRIETORSHIP: This business entity is the most common business used in the United States. This entity is owned and ran by one individual where there is no legal distinction between the owner and the business. This legal name of the business is the owner’s name; however, the business may operate under a fictitious name by filing a DBA. This person is legally accountable for all elements of the business including finances, loans and debts. One of the advantages of doing
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Objective 310.1.5-02: Evaluate a given situation to determine how the provisions of the Family and Medical Leave Act of 1993 would apply. These are the provisions of Family Medical Leave Act (FMLA). * FMLA guarantees both men and women up to 12 weeks of unpaid leave each year for childbirth, adoption, or medical emergencies for themselves or a family member. * FMLA only applies to companies with at least 50 workers. * FMLA only applies to employees who have been with the company full-time
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Discussion Topic 1.1 & 1.2 In reply to Stephanie Soenarto, I get that question a lot from my family and friends, “What is your plan after you graduate” and I can proudly say that I will go back to Indonesia and become someone who can change people’s opinion about designer. Indonesia is a developing country; I still remember 8 years ago before I came to the US people there still think designer (or even programmer) is a low income job. In order for me to land a very good job in Indonesia or to
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Olga Vidisheva—founder and CEO of Shoptiques.com, an online platform that allows small fashion boutiques from all over the world to have an online retail presence. Vidisheva, a Harvard Business School grad, left a job with Goldman Sachs to develop her idea for Shoptiques in Y Combinator. She’s since raised $3 million in venture capital from Andreessen Horowitz, Greylock, Benchmark, SV Angel, William Morris Endeavor Agency and Y Combinator. Shoptiques revenue hit $3 million in 2014. Oliver Miao—Co-founder
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LIT1- Task #1 Provisions of FMLA: In 1993, congress passed the Family and Medical Leave Act, they developed this bill to assist employees that needed to be out for extenuating, planned, or unforeseen medical circumstances. To remove the fear and worry of losing one’s current place of employment. The creation of this bill gives, employees the ability to take up to 12 weeks of unpaid leave, although they do have the option of using all of their calendar year given vacation
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LIT1 – Task 1 (Part A) Sole Proprietorship: • Single Ownership - The single individual always owns sole proprietorship form of the business. The individual owns all assets and properties of the business and bears the risk of losing or gaining from the business. • No Sharing of Profit – The business is owned by an individual, therefore, all of the gains are directly available for the owner to access immediately. There is no friction between owners
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LIT1 Task 1 Part A SOLE PROPRIETORSHIP: A business that is owned by one person and is not incorporated. Sole proprietorships are easy to start. You don’t need a lawyer and you don’t need to register with the government except to obtain a business license or permit where required. * Liability: The owner is liable for all debts incurred by the business. His personal property can be attached. He is also responsible for any damage an employee may cause
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