Business Entities‚ Laws‚ and Regulations Paper Dorian Rowe BUS/415 Shaun Koenig November 14‚ 2011 Businesses in every industry have to deal with entities‚ laws‚ and regulations. Management teams have to take into account items such as consideration of control‚ taxation‚ and liability issues among others. The purpose of this paper is to discuss the restaurant/bar‚ professional practice‚ and construction scenarios. For each scenario the business entity that represents the best choice for each
Premium Types of business entity Corporation Limited liability partnership
Estimated liabilities are a known obligation that is of an uncertain amount but that can be reasonable estimated. Common examples are employee benefits such as pensions‚ heath care and vacation pay‚ and warranties offered by a seller (Fundamental Accounting Principles‚ Chapter 11‚ Pg 437). When a firm sells products or renders services with a warranty‚ the firms has an obligation towards the customer when the warranty is honored. The warranty liability is an estimate of the obligations. Hence‚ a
Premium Estimation Approximation Holiday
Products Liability 1. Construct a fact pattern [an example] to clearly delineate: a. A Manufacturing Defect: A car’s braking system that does not work properly and causes the driver to get into an accident. b. A Design Defect: A type of sunglasses that fail to protect the eyes from ultraviolet rays. c. A Marketing Defect: Prescription drugs advertised as “virtually non-toxic‚” “safe‚” and “free of significant side effects” when they are not. They failed to state
Free Product liability Tort Strict liability
each part relevant to the understanding of responsibility and liability in the company by the company management. Introduction- will provide some information in the relation to the financial information. Why do we need it and how it has been develop across the years? It will also provide the base understanding of why we need the financial report and how he affects the responsibility or the liability of the company management. Liability versus responsibility- will provide some basics understanding
Premium Balance sheet Financial statements Management
DEFENITION: STRICT LIABILITY RYLANDS V FLETCHER CASE i. FACTS ii. DIAGRAMATICAL REPRESENTATION iii. JUDGEMENT iv. EFFECTS OF THE CASE v. EFFECTS OF THE CASE IN INDIA vi. CONCLUSION vii. ESSENTIALS EXCEPTIONS BIBLIOGRAPHY STRICT LIABILITY • A person may be liable for some harm even though he is not negligent in causing the same or does not intentionally cause it or is careful or has taken steps to prevent the same. • e.g.‚ The defendant is liable to the neighbor
Premium Tort Legal terms Law
Business Entities‚ Laws‚ and Regulations Paper BUS/415 March 5‚ 2012 Beth Shankle-Anderson There are different scenarios with three different forms of entities that require taking control‚ taxation‚ and possible liability issues into account. These considerations will not only serve to ensure compliance is met but also so that each establishment is protected. In the first scenario Lou and Jose plan to open a restaurant/sports bar‚ the issue is that they have not accumulated of the money‚
Premium Corporation Partnership Types of business entity
semester credit hours residing in excess of thirty-five (35) miles off the campus are required to live in University owned or operated residential facilities. Housing agreements are accepted until available space is depleted. Refer to University Regulation 2.001 (Housing). Failure to comply will result in you being charged two semesters rent at the lowest facility rent. New First time in college (FTIC) Returning
Premium University College Student
OCCUPIERS LIABILITY The occupancy of premises is affected by two statues: 1) The occupier’s liability act 1957. Under this act there is a duty to keep safe and lawful visitors to the premises 2) The occupier’s liability act 1984. Where an occupier may owe a duty to protect trespassers onto the premises. LAWFUL VISITORS A lawful visitor has permission to enter premises. This can be expressed permission of implied. There are four situations covering implied permissions: 1) If the occupier
Premium Management Contract Risk
affects the United States by hampering the ability to provide affordable access health care and good quality of care to Americans. The Affordable Care Act prevention resources and tools are working to stop fraud before it occurs. The purpose of this paper is to discuss a health news situation affecting the health care system and evaluate the effect of organizational structure and governance‚ culture‚ and social responsibility. Recommended resources to preventing this situation in the future and recommended
Premium Assisted living Medicine Federal Bureau of Investigation
TOPIC: WHAT IS TORT‚ AND TORTIOUS LIABILITY ? From a legal standpoint‚ a tort is a private or civil wrong or injury (other than a breach of contract) for which a court of law may provide a remedy through a lawsuit for damages (compensation). For example‚ when a person violates his/her duty to others created under general (or statutory) law‚ a tort has been committed. Tort law relies heavily on the common law‚ the legal opinions of the Courts‚ general trends in the community‚ and legal scholarship
Premium Tort Law Contract