Business law

Types of Business Ownership: Everything You Need to Know Before you can determine how you want to structure your business, you'll need to know what your options are. The below are your choices when it comes to running your business: sole proprietorship, partnership, limited partnership, limited liability company (LLC), corporation (for-profit), nonprofit corporation, and cooperative. It is important that you choose the right structure for your business as the type of structure you choose will

NAMING A BUSINESS JOHAN RIVERA LIBERTY UNIVERSITY Shania Jackson is a Christian woman that has the desire to devote her time and money in the creation of a Christian coffeehouse in Denver, Colorado. Ms. Jackson counts with the support of her husband, Marvin that it’s simply interested in making a generous contribution for the initiation of the coffeehouse process. Shania has been approach by several individuals interested in being considerate to be part of the development of the business. Her sister

BTEC Level 4 and Level 5 Higher National Diplomas in Business Unit 1: Business Environment (Y/601/0546) Textbooks Sawyer M, (ed) – The UK Economy: A Manual of Applied Economics, 16th edition (OUP Oxford; 2004) ISBN: 9780199266517 Begg D – Foundations of Economics, 4th edition (McGraw-Hill Higher Education, 2009) ISBN: 9780077121884 Morrison J – International Business Environment: Global and Local Marketplaces in a Changing World (Palgrave Macmillan, 2006) ISBN: 9781403936912 A & C Black Publishers

Other Concepts 2 B.) Agency and Partnership Law 2 II.) INTRODUCTION TO THE CORPORATE FORM 16 A.) Formation and Structure 16 B.) Debt, Equity, and Valuation 22 III.) CONTROL OF CORPORATE DECISIONS 32 A.) The Role of the Shareholder 32 B.) Management Obligations 50 1.) Duty of Care 51 2.) Duty of Loyalty 56 3.) Duty of Fairness: Parent-Subsidiary Relationships 63 4.) Duty of Good Faith 64 5.) Management Obligations Under Federal Securities Laws 67 C.) Shareholder Litigation 76 IV.)

officer is not an agent for the corporation. ANSWER: F PAGE: 638 An officer of a corporation cannot possess the power to bind the corporation. ANSWER: F PAGE: 638 An agent is authorized to act on behalf of a principal in doing business with third parties. ANSWER: T PAGE: 638 An employee may act in the capacity of an agent. ANSWER: T PAGE: 638 A fiduciary relationship involves trust and confidence. 63 ANSWER: T PAGE: 638 An independent contractor’s physical

SOLE PROPRIETORSHIP: Sole proprietorships are the most common form of business in the United States. You and your business are one in the same. While being your own boss as its advantages, like working your own hours and collecting all profits made by the business, there are some disadvantages. For starters is coming up with starting working capital. Most Sole Proprietors have to seek funds from other sources. • LIABILITY – All liability rests in the sole proprietors shoulders. There is no hiding

There are many things to consider when starting and running a business. You must decide what type of business you would like to operate, including the different business structures, legal forms and permits that must be obtained, zoning laws, tax laws, and the liability you may expose yourself to. If you have a business with employees, you may need to decide if you want to hire non-union or union members. You will also need to research the many banking and financial institutions as you want to

most crucial elements to success in the business world. In both journal articles, Food and Drug Law Journal and Journal of Marketing and Communication, I found a common theme. Each journal made a strong emphasis that the main reason for any type of print in business is to acquire customers. The main topics discussed in these journals were labels, marketing and communication. The main purpose of these two journals are closely related. The Food and Drug Law Journal emphasizes points on between the

type of business entity in which a single business includes two or more persons share ownership or we can say it is an association that compromises of two or more persons. Further, below are the essential characteristics of a partnership firm: • Number of Partner: The partnership involves business by a group of individuals. There must be at least two persons or more to start a partnership. Each partner in the business share equal liability towards operations and affairs of the business. • Agreement:

Alex, Bill, Carl, Devon, and Xavier are all Christians and want their business to be organized and operated in accordance with the Christian worldview. Alex, Bill, Carl, and Devon father ran the business as a sole proprietorship, but they want to form a business entity to own the farm. I am going to be their accountant to help run their business the proper way and right way as Christians should. They are trying to avoid a lot of paperwork, but they also wants to allow their cousin Xavier to handle