Legal Forms of Business Choosing a form of business for a product or type of service depends on the liability an individual is willing to assume‚ how much involvement an individual wants in the day-to-day work‚ and how much control an individual wants over the business. Prior to making a choice‚ an individual must understand each form of business as well as the risks and rewards for each. There are numerous forms of business‚ including sole Proprietorship‚ Partnership‚ Limited Liability Partnership
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Quiana Fryar University of Phoenix Business Law/531 Recognizing and Minimizing Tort and Regulatory Risk Plan Mrs. Lillian Watson June 14‚ 2010 Recognizing and Minimizing Tort and Regulatory Risk Plan In today’s business environment it is important for all organizations to develop and maintain a plan to avoid regulatory risks. Management should be able to manage any risks through preventive‚ detective‚ and corrective measures. As a manager it is important to prevent extensive loss‚ environmental
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card has been cancelled. To make matters worse‚ the fact that her card has been cancelled is reported to a credit reporting company‚ which hurts Betty’s credit score and makes it harder for her to get credit. Does the law provide any protections for Betty? What can she do? No‚ the law does not provide protection for Betty because when a credit card account is a joint account and one spouse dies‚ the responsibility of handling that account will fall on the surviving party. Betty can protect herself
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Law 531 Week two Law 531 Week Two Threats. The contract is agreement between two parties they find they have some to exchange; the power and commitment between two parties enforcement by the court‚ The contract have many legal details to be discussed by lawyer or expert. The contract administration‚ focus on the requirement for the services the company have to get when they sign a contract for new service or to get new products. In field like software consultant it is very complicated and
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Legal Forms of Business Paper N.R. LAW/531 January 21‚ 2013 Jonathan Mc Govern When seeking to operate a business or operation‚ there are several structures to take into consideration. With each one‚ there are advantages and disadvantages concerning profit‚ tax and other legalities. Some type of legal configuration must be adopted by any business to define the liabilities and rights of the people participating in the ownership‚ personal liabilities‚ financial structure
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Legal Forms of Business Paper Law/531 June 3rd‚ 2011 University of Phoenix Legal Forms of Business Paper Selecting the best form of operating a business depends on the type of business the owner wants to run. The owners have to pick the structure that best meets their needs. “The selection depends on many factors‚ including the ease and cost of formation‚ the capital requirements of the business‚ the flexibility of management decisions‚ government restrictions‚ personal liability‚ tax
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Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business
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Legal Encounters LaTausha Freeman Law/531 December 10‚ 2012 Lillian Watson Legal Encounters This paper will answer questions posed during employment legal encounters based on law requirements to indicate liability and ramifications associated based on the scenario. Legal Encounter 1 Cheeseman outlines that employment is subject to the common law of contracts (2010). Pat entered into an agreement with NewCorp for employment; acting on the premise that NewCorp would uphold
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Nontraditional and Traditional Litigation Felicia Cobbs Law 531 Business Law Professor Herndon October 17‚ 2011 Nontraditional and Traditional Litigation “Litigation is the bringing‚ maintaining‚ and defense of a lawsuit” (Cheeseman‚ 2010). There are two forms of litigation: traditional and nontraditional. The pretrial process is divided into pleadings‚ discovery‚ dismissals and pretrial judgments‚ and settlement conference. This is followed by the trial proceedings and appeals‚ if applicable
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mortgage on their houses‚ start a part time job‚ take out small business loans‚ grants‚ funding‚ and look for investors to support their idea. There are many variations in which Ted and Mike can get money to start their business those are just a few. Ted and Mike will face a lot of complications with starting their own business. When someone starts their own business they need to know how to secure those funds. Securing funds in a business has many problems. A few of those problems are not knowing your
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