Joe Bloggs is a successful inventor who has just been awarded a patent in the UK for a new design of new battery-powered device. He is looking to set up his own business to manufacture and distribute the device. Carry out a thorough analysis of the advantages and disadvantages of setting up his business as either a sole trader, a partnership or a limited company.
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Joe Bloggs is a successful inventor who has just been awarded a patent in the UK
for a new design of new battery-powered device. He is looking to set up his own
business to manufacture and distribute the device.
Carry out a thorough analysis of the advantages and disadvantages of setting up his
business as either a sole trader, a partnership or a limited company.
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- A friend who recently graduated from university is planning to form a partnership. He is planning to carry out his new business with utmost integrity. What reminders can you give your friend to ensure that he can select partners with the same business perspective?Dawn is a director of the Manello Corporation. Bert, a friend of Dawn's and an inventor, creates a new product. Bert wants Manello to handle the production and marketing of this new product, so Bert discusses his new invention with Dawn. Dawn thinks the new invention will be a huge success, but in order to maximize her personal income, Dawn suggests to Bert that she handle the manufacturing and marketing, leaving Manello out of it completely. Bert agrees. Discuss the propriety of Dawn's actions in this situation. Would the outcome be any different if Dawn were merely a shareholder owning 4 percent of Manello? Please solve and analyze this case. use facts, issue, analysis conclusion. What would be the likely outcome in court.?Karen and Yanique are opening a jewellery store with no competition in the area from which they intend to operate their business. Their fundamental decision is how to organize the business. They anticipate super profits the first year, with the ability to sell franchises in the future. Although they have enough to start the business now as a partnership, cash flow will be an issue as they grow and as such, they feel the corporate form of operation will be best for the long term. They seek your advice . If the corporation when formed sets a par value for its shares low and issue common stock for a price above par, what is this amount above par called? Can this amount be treated as a gain, income, or profit for the corporation? Please give the reason for your answer