business law reflection essay

to care for a relative with a serious health condition; or to allow an employee to recover and recuperate from a personal serious health condition. This paper will be discussing the impact of FMLA on employers and the protections provided by this law. (Vikesland, 2009) Protections Provided by FMLA The FMLA is covered mainly through private-sector employers and public

Sole Proprietorship Sole proprietorship is the most common form of business in the United States. It is a relatively simple way for an individual to start a business since legal costs and business requirements are minimal, and the owner has complete control over the business. Though a sole proprietor is not responsible for any corporate tax payments, the owner is responsible for taxes incurred on the income generated from the business as part of his or her personal income tax payments, and personally

most common and most favored option for individuals who want to establish a small business in Pakistan, or want to start a home-based business. This form of business is used by majority of start-ups on Pakistan, and it is the simplest way of giving corporate face to a small business Formation Following are the main steps to start a sole proprietorship business: · Finalize a business name. · Print basic business stationary i.e. letterheads, visiting cards etc. · Prepare firm's name stamp (a common

University of Phoenix 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

Small-Business Idea Paper University of Phoenix ACC 561 Small-Business Idea Paper There are numerous factors affecting the type of business organizations that an owner should form, so that it is most beneficial for him and the product or services provided. In this paper, the four business structures are evaluated and the association of the legal, tax and accounting implications with the different structures are also discussed. Suppose that the government has released funds to set up small

provide necessary funds and infrastructure. What sort of business organization should he go and why? ANS. – With the expansion of business, it became necessary for a group of person to join hands together and supply necessary capital and skill. Sanjeev may possess exceptional business ability but doesn’t have much by the way of money and infrastructure; he can have a financing partner. In

Deciding which way to start up a business is often a very difficult decision. The pros and cons of each choice must be considered before a decision can be made. First, Betty must decide whether to operate her new business as part of a franchise or not. She has already had offers from franchises that offered to provide her and her staff with any training needed. Other potential benefits from operating as a franchise include a proven recipe for success and access to financing if needed (Wilmington

Acme Fireworks Business Contracts The business contract is considered as the common legal transactions most business people get involved to ensure the activities run smoothly. When a person understands the contract law, he/she is good to create a sound business agreement. However, the agreement would be legally enforceable in case something bad happens. As the manager of Acme Fireworks, I was requested by the owner to determine which law between common law and the Uniform Commercial

who acts in the interest of the principal. The Indian Contract Act remains silent as to classification of the doctrine under any section, though many debate that it is to be under the head of Section 189. This is an extremely ambiguous area in the law of agency, as there are quite a few specific scenarios apart from the quintessential ‘shipmaster’, which are debatable as to assumption of authority. In this paper, the concepts of the conditions prerequisite to the assumption of authority shall be

In this situation, the employee requested and was granted leave to be with his spouse who had given birth to premature twins. The Family Medical Leave Act, requires that Company X provide the employee with up to 12 weeks of leave per calendar year to care for his own health needs, or those needs of an immediate family member, such as a spouse, parent or child. Employees are eligible for up to twelve weeks of FMLA if the company has more than fifty employees, who commute within seventy-five miles