A. SOLE PROPRIETORSHIP: This is the simplest business structure of which the owner has total control. The owner can make up a fictitious name or use the same name for the business. Sole proprietorship is easy to set up at a minimal cost. The business owner does not need to follow rules or regulations of others but their own and can set up their own schedule. Proceeds can be directly deposited into the owner’s bank account and the funds are freely allocated between business and personal accounts
Premium Corporation Corporate tax Limited liability company
and effective(WGU). Analysis of Situation A In every situation all bases need to be covered and all information gathered before any request is finalized. It is necessary to establish whether the employee qualified for the leave and whether the terms as stipulated under the Family and Medical Leave Act of 1993 (FMLA) were actually met. The Act requires that for one to benefit from the leave he or she must have worked with the employer for more than 12 months. Employee A had worked for 2 years and it
Premium Law Employment Human rights
Part A Sole proprietorship Sole proprietorships are the most common type of business in the U.S. They are most commonly chosen because they are the easiest type of business to set up and give the sole owner of the company complete control of the company. There are many benefits to a sole proprietorship in regards to control‚ profit retention‚ and convenience. In regards to control‚ the owner of a sole proprietorship has the final say in any decisions. Due to the fact that there are no shareholders
Premium Corporation Types of business entity Types of companies
LIT1 Task 2 Situation A The Family and Medical Leave Act sets regulations for job-protected leave related to family and medical reasons. FMLA applies to organizations with 50 or more employees working within 75 miles of the employee’s worksite (“Employment Laws‚” n.d.‚ para. 6). Employees who have been with their current employer for 12 months and who have worked 1250 hours of service in the previous 12 months are eligible for 12 weeks of unpaid leave through FMLA (“Eligibility Requirements
Premium Employment Americans with Disabilities Act of 1990
TASK 2 Situation A: An employee took time off due to his wife giving birth prematurely. His requested time off was approved by his original manager as the employee qualified for FMLA since he has been with the company for two years and was for the care of his spouse. Under (1)”FMLA rules certain employees can be provided up to 12 weeks unpaid‚ job-protected leave per year. The employee must work for the company at least 12 months‚ have at least 1250 hours during the 12 months and the where
Premium Employment Americans with Disabilities Act of 1990 Leave
LIT 1 Task 2 1 Situation A Relevant Facts of Situation A: * Employee A has been with Company X for two years. * Employee A’s spouse gave birth prematurely to twins. He requested leave to be with his spouse‚ which was granted. * Employee A has been on leave for 11 weeks‚ and has asked to return to work‚ and to be paid the withheld salary from his 11-week leave. * Manager has agreed to Employee A’s return to the previous job‚ at the previous rate of pay. * The manager
Free Employment
LIT1 - Task 2 Mark J. Fortenberry May 9‚ 2015 LIT1 - Task 2 Company X has reported three situations that have occurred that require investigating. Since employment and hiring practices are a part of my duties here at Company X‚ I have been charged with the investigation into these situations. In the subsequent report‚ the laws that companies must abide by will be outlined and how these laws affects the outcome in each of these three situations. The Family and Medical Leave Act of 1993
Premium Employment Management Law
LIT1: Task 310.1.2-01-06 Task A Sole proprietorship 1. Liability * An owner has unlimited liability both personally and as the company owner. Liability is a disadvantage in a sole proprietorship. 2. Income taxes * The owner is responsible for filing taxes and is allowed to file taxes as part of their personal income taxes. 3. Longevity * This depends completely on the owner and there continued ability to operate the business. The operation of the business can be significantly
Premium Corporation Types of business entity Partnership
since all income and debts for the company are also those of the individual. Overall‚ it is very dangerous to do business as a sole proprietorship due to the liability of the owner. 1. Costs: Almost no creation cost since there is nothing to create. 2. Longevity or Continuity of the Organization: A sole proprietorship
Premium Corporation Types of companies Partnership
Learner Analysis Jodi Halligan Western Governors University JNT2 Task 2 Background Summary Flight nurse’s and Flight Paramedics perform as members of an aeromedical crew on helicopters (rotor wing)‚ and airplanes (fixed wing) aircraft‚ providing for in-flight management and care for all types and ages of patients. Responsibilities of this job include the planning and preparation of each flight‚ to include such things as; safety‚ evaluation
Premium Nursing Health care Patient