LIT1 – Task 310.1.2-01-06 Part A SOLE PROPRIETORSHIP: A sole proprietorship is the easiest of all the business types to start and take the least amount of start-up capital. This is also the most common form of doing business in the United States. With a sole proprietorship‚ the business and the owner are one in the same and it is not possible to bring someone into the business. Liability: The owner is responsible for the debt of the business. There is no differential made from the business
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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
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ALTERATION OF THE MEMORANDUM A company’s memorandum of association may be altered in the manner provided by the Act but not otherwise. If there is no specific provision in the Act allowing the alteration of a particular clause in the memorandum‚ that clause is unalterable. A company may amend only the clauses that the Act prescribes for inclusion in the memorandum. Thus‚ it is permissible to change the company name‚ to convert from an unlimited company to a limited company and vice versa‚ to alter
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OFFERING MEMORANDUM Nucom Technology‚ Inc. Oakton‚ Virginia [pic] 14241 Dallas Parkway Suite 700 Dallas‚ Texas 75254 www.genequityco.com (877) 213-1792 Nucom Technology‚ Inc. [pic]
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Alteration in Memorandum of Association Corporate law and Islamic ethics Tables of contents Memorandum of association 2 by Memorandum of company limited shares:- 3 Memorandum of a company limited by guarantee:- 3 Memorandum of unlimited company:- 5 Printing‚ signature‚ etc.‚ of memorandum:- 5 GENERAL REQUIREMENTS 8 REASONS FOR MAKING ALTERATION IN MEMORANDUM OF ASSOCIATION. 8 EXAMPLE: 9 PROCEDURE OF AMENDMENT IN MEMORANDUM OF ASSOCIATION. 10 Check List of Documents required to be submitted
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LIT1 Task 310.1.2-01-06 Part A Sole Proprietorship: A sole proprietorship is owned by only one person. All profits and losses are the responsibility of the owner only. Liability – There is unlimited liability in a sole proprietorship. The owner is solely responsible for any debts that may occur. Income Taxes – The business files taxes as one single unit. Because profits are not shared‚ they are considered personal income to the sole proprietor. Longevity/Continuity – In a sole proprietorship
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Internal Legal Memorandum and Analysis in Ima Shewin’s Case Taressa Wise Kaplan University PA 402-01 Professor Carolyn Dragseth June 5‚ 2012 LEGAL M E M O R A N D U M TO: Carolyn Dragseth‚ Attorney FROM: Taressa Wise‚ Legal Analyst DATE: June 5‚ 2012 RE: Legal Memorandum‚ causes of action for presenting a prima facie case for Ima Shewin
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business organization - there is no metric for brief description nor advantages/disadvantages. ------------------------------------------------- ------------------------------------------------- Thus‚ regarding the format for Task 1 Part A for LIT1‚ the Bullet/Listing approach (mentioned in the Task 1 Instructions) is below‚ which basically is you’ll describe each characteristic in usually about 1-2 sentences then move on. Example of how to apply this format: SOLE PROPRIETORSHIP: •
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MEMORANDUM To: From: Re: Teri Firefighter FACTS: Teri is a firefighter who lives and works in Boston‚ Ma. She is selling her home and found a buyer named Jack. Teri received an offer from Jack for $300‚000. Teri accepts the offer and they sign a contract to that effect. After the contract is signed‚ Teri learns of a Boston rule that all firefighters must live within the Boston city limits. Teri decides not to move and contacts Jack to let him know she won’t be moving after all
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Interoffice Memorandum on Enforcing a Contract PA130: Contract Unit 5 Prof. Carlene DiPrenda Mahuampy Aducchi October 22nd‚ 2012 From: Mahuampy Aducchi To: Prof. DiPrenda Re: Interoffice Memorandum on Enforcing a Contract Turner v. Connor Our client Mr. Tunner wants to know if he has a valid contract that could be enforce. He met with Sally Connor‚ 92 years old‚ and her daughter‚ Rebecca‚ about replacing Ms. Connor’s roof and providing a home maintenance plan. Rebecca handles Ms. Connor’s
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