Legal implications

Legal Forms of Business Paper Law/531 June 3rd, 2011 University of Phoenix Legal Forms of Business Paper Selecting the best form of operating a business depends on the type of business the owner wants to run. The owners have to pick the structure that best meets their needs. “The selection depends on many factors, including the ease and cost of formation, the capital requirements of the business, the flexibility of management decisions, government restrictions, personal liability, tax

six month imprisonment. The trial judge also wrote a similar plea to the chief executive. However, the after the conviction, the defendants had brought a petition of error which was to be decided by a 5 judge bench. The decisions and relevance of Legal Theory CJ Truepenny acts as narrator to the case, providing all the relevant details and the actions of the jury. In his decision, he expresses two important facts; 1. That in situations where it is free from ambiguity, like in this case, statutory

Discussion This current study analyzes student behavior and their attitudes and motivation behind going to law school. Research for this study was conducted in a classroom setting and through interviews, within both a public law school and a private law school. This research aimed to answer the question of what are the differences in student behavior between public university law schools and private university law schools? In response to this question, over 8 hours of observation were conducted

King, 1 Sheridan Louise King Midterm POL192b: Legal Theory 1. What is the difference between liberal and difference feminism? In order to differentiate liberal feminism from difference feminism, it is important to clarify on the outset the exact definition of each term. According to Martha Fineman (2005), feminism can be defined as a gender based theory focusing on challenging the assertions and assumption revolving gender neutrality. Specifically, feminism deals with the assumptions and values

the UK Company Law. Its legal structure entails a unitary national statute which is the Corporations Act 2001. This particular statute is under the authority of the Australian Securities and Investments Commission (ASIC). However, all corporation legislations are reported to the Treasurer with references being made to the judgement of the courts as is the case in the United Kingdom. In the Australian context, the term "corporation" is defined as a totally separate legal entity and one that is

the assets of the business and which has no legal incorporation. The owner has unlimited liability of the business. * Partnership – Similar to a sole trader except there are more than one owner (normally 2-20). Partnership is a contractual agreement under a contact uberrimae fidel (utmost good faith). Owners are ‘jointly and severally’ liable and liability is unlimited. * Private (Ltd) and Public (PLC) Limited Companies – Limited companies are legal entities in their own right and have a formal

One of the prevalent belief is that corporations were set up solely to maximize profit to shareholders. Unlike other business models, corporations have the sole status of being viewed as a ‘legal person’, with the rights similar to natural citizens including “engage in business and contracts, initiate lawsuits, and itself be sued” (Business Dictionary). This unique classification provides corporations with the rare opportunity to take advantage of the power corporations have to benefit society and

companies (LLC), and corporations in which individuals uses to start their own business. Any types of business structure that you may choose will have legal and tax implications (SBA, 2016). If I were to start my own business, I would choose a business entity structure like Limited Liability Company (LLC). A limited liability company is a mix type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership (SBA

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 businesses, I would set up a language services company. The services will include translation, transcription, interpretation

Business Ownership There are three different forms of business ownership, the Sole Proprietorship, the Partnership, and the Corporation. Each of these businesses have major advantages and disadvantages. The sole proprietorship is a business which is owned and managed by one individual. Some of its advantages are, the ease of formation, its management control, and its distribution of profits. Some of the disadvantages are, its unlimited liability, the lack of continuity, the capital requirements