feasib

Topics: Law, Corporation, Business Pages: 5 (1055 words) Published: October 22, 2013
CHAPTER VII LEGAL ASPECT

Introduction
Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling ,or buying a small business, managing a business, dealing with employees, or dealing with contracts, among others.

Objectives
To develop an awareness of the legal framework within which business operates and to give to the participants the basic understanding (not the detailed knowledge of the provisions of law) of some of the important legal aspects of business.

Barangay Permit

Mayor’s Permit

issued by the city or municipality where the principal place of business of the prospective bidder is located.

Sanitation Permit

is a permit issued by the local health authority for an establishment to operate, be it food or non - food establishment. any business should have their sanitary permit before operating. Excerpt from P.D. 856 "No person or entity shall operate an establishment for public patronage without securing a permit from the local health office

Fire and Safety Inspection Certificate

- responsibility for local authorities to enforce the Manitoba Fire Code within its boundaries by inspecting prescribed buildings and ensuring that a record of inspections is maintained

Initial Environmental Examination Report for Collection, Transport, Treatment and Disposal Sewage

Articles of Co-Partnership
- A written agreement drafted prior to the formation of a business, outlining the terms of a partnerhip.

The article of Co-Partnership should cover:
The firm’s name
How the firm will begin and end
Monetary arrangements
Partner investments
Determination of profits and losses
Decision making guidelines and authority of partners
Expected time contributions of partners.

By- Laws
PARTNERSHIP BUSINESS LAW

GENERAL PROVISIONS
  Article 1 This Law is formulated for the purposes of standardizing the behavior of partnership businesses and protecting the legitimate rights and interests of those businesses and their partners and thus to safeguard the social and economic order, and promote the development of the socialist market economy.    Article 2 A partnership business referred to in this Law shall be any business set up by partners within the Chinese territory according to this Law with contributions by all the partners thereof through signing up of an agreement as well as a joint sharing of all the partners of the operations, incomes, risks, and unlimited liabilities of the business.    Article 3 The agreement for a business concerned shall be made in a written form according to the law upon full agreement of all partners thereof through consultations.    Article 4 The principles of voluntariness, equality, fairness, sincerity and creditability shall be followed for the creation of a partnership business and formulation of the agreement thereof.    Article 5 A partnership business in not permitted to use such words as "limited" or "limited liability" in its title.

ESTABLISHMENT OF A PARTNERSHIP BUSINESS
   Article 8 The establishment of a partnership business should be provided with the following conditions: 1) two or more partners who shall all shoulder unlimited liabilities according to the law; 2) a partnership agreement in written form;

3) capital fund contributed by all partners;
4) a name of the business concerned;
5) operating sites and conditions of the business.
   Article 9 A partner shall be a person who is fully capable of performing civil acts.    Article 10 Any person having been banned by the laws or administrative regulations from engaging in business activities is not permitted to become a partner of a partnership business.    Article 11 A partner of a...
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