There are three basic legal forms of business organizations: the sole proprietorship‚ the partnership‚ and the corporation. Each form of legal organizations has unique characteristics that are important to consider when starting a business. The legal form chosen will make significant differences for things such as ownership‚ sources of financing‚ personal and financial risk‚ taxes‚ workload‚ buying or selling a business‚ and liability issues. A sole proprietorship is a business owned by a single individual
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Running head: TRADITIONAL AND NONTRADITIONAL LITIGATION PAPER Traditional and Nontraditional Litigation Paper Week One Name Law/531 Date Instructor For many years‚ litigation has been the one thing in reference to the law that traditionally resolves lawsuits and disputes. There are many facts that need to be considered when one compares or contrasts traditional litigation methods to the nontraditional litigation
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Week One: The Legal System and the Legal Forms of Business Details Due Points Objectives 1.1 Explain the major components of the legal system. 1.2 Differentiate between the legal forms of business. 1.3 Differentiate among nonjudicial methods of alternative dispute resolution. Readings Read Ch. 1 of Business Law: Legal Environment‚ Online Commerce‚ Business Ethics‚ and International. Readings Read Ch. 2 of Business Law: Legal Environment‚ Online
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the topics in this paper. Thank you very much. I will be so glad when I am done with this class and the school as a whole. I really hate school but I need more money. Identify potential tort risks that arise in the business context Many organizations contend with tort liability and management in the day-to-day business. The proper management and protective measures to minimize the organizations spotlight tort liability has become a key to efficient operating a business. Employers usually speak
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of Phoenix Chris W. Poe LAW/531 Discussion Questions Maurice Rosano Discussion Questions 1. What is one way the U.S. legal systems affects U.S. businesses? Answer: There are several ways the legal system can affect businesses but the one way the U.S. legal system affect U. S. businesses are the antitrust law which changed the way businesses operate. This law controlled some a banned others in the way businesses compete/operate. This law would hinder business from competing in the way
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Litigation and Alternatives Video LAW/531 October 10‚2012 Litigation and Alternatives Video Quick Takes Video was interested in an editing system by NonLinear Pro they saw at a trade show. After three weeks Quick Takes decided they were not interested in the product because it performance did not meet the company’s expectations. Quick Takes Video contacted NonLinear Pro that they could pick up their product only to learn that NonLinear Pro expected five thousand dollars as per the lease
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Team Reflection: Discussion Questions Student Name(s) LAW/531 Date Instructor Name Critical Legal Thinking Questions Case 5.1: Disparagement Where the statements made in Zagat‘s restaurant guide statement of fact or statements of opinion? The statements that were made in Zagat’s restaurant guide were statements of opinion. It was stated that each restaurant in the guide was ranked based upon calculated surveys of customers of the restaurant‚ and the Zagat guide often quotes anonymous
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ADR Daniel J. Navatta LAW/531 January 17‚ 2011 Michael Kelley While working as a team it is important that all members set goals and agree to work together. In order to come to a common goal each member must set guidelines and follow them‚ in order to achieve success. In an instance where team members can’t agree on a certain
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the right type of Business form LAW/531 How to choose the right type of Business form Today’s business world has many choices for the new entrepreneur to decide from when forming a business. The choices are sole proprietorship‚ partnership‚ limited liability partnership‚ a limited liability company‚ a S corporation‚ a franchise‚ and a corporate form. Development of scenarios portraying each of these forms of business will aid the entrepreneur with deciding which form will be the best choice
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Alternative Dispute Resolution Assignment Ludin E. Bello University of Phoenix Business Law Law 531 Julie A. Gibbons February 09‚ 2009 Alternative Dispute Resolution Assignment Alternative Dispute Resolution (ADR) clauses are established to resolve differences between two parties. ADR clauses can be formal‚ such as a written process‚ or informal‚ such as a verbal agreement between both parties. The purpose of this paper is to provide an appropriate ADR clause that can be use by any learning team
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