“Functional Roles of Managers” FIN 561 05 June 2012 Business Structures In the United State‚ there are a variety of business and organizational structures that are currently operating. Each structure possesses number of advantages and disadvantages that must be considered‚ whether in a sole proprietorship or corporation. The purpose of this short essay is to identify several types of business structures and list the pros and cons of each. Sole Proprietorship is a company owned and sometimes
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importance of sole proprietorships in our economy. 2. Explore the advantages presented by doing business as a sole proprietorship. 3. Assess the disadvantages and dangers of doing business as a sole proprietorship. Key Terms And Definitions Angel Investors Affluent individuals (or groups of individuals) who provide capital to start-up and early-stage businesses. Entrepreneur A person who organizes a business and carries the risk of loss and reward of profit with it. Initial Public Offering (IPO)
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Business Law Essay Why you should pick Sole Proprietorship There are many aspects to running your own company. You are going to have to decide if you want a partner or you want to run the company alone. There are different forms of legal businesses‚ like Sole Proprietorship‚ Partnership‚ Corporation and Limited Partnership. They all have the aspect of running a business and choosing which one is right for someone starting a new company. When creating something new there are legal
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org/wiki/Freeman_and_Lockyer_v_Buckhurst_Park_Properties_(Mangal)_Ltd Freeman and Lockyer v Buckhurst Park Properties (Mangal) Ltd From Wikipedia‚ the free encyclopedia Freeman and Lockyer v Buckhurst Park Properties (Mangal) Ltd [1964] 2 QB 480 is a UK company law case‚ concerning the enforceability of obligations against a company. Freeman v Buckhurst Park Ltd Contents 1 Facts 2 Judgment 3 See also 4 Notes 5 References 6 External links Court Court of Appeal of England and Wales Citation(s) [1964] 2 QB 480
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Business Scenario As discussed there are three different types of businesses‚ sole proprietor‚ partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running‚ and have the legal knowledge to keep yourself and organization covered. Lastly‚ if you have the knowledge and product
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Equal Employment Opportunity and Employee Rights Review Business environments today display diversity‚ a numerical composition that reflects different kinds of people‚ such as men and women of different ethnic origins‚ educational experiences‚ and professional backgrounds (Beamish‚ Morrison‚ Inkpen‚ & Rosenzweig‚ 2003). A vast amount of organizations are emulating a diverse workforce. Fair treatment of employees is the responsibility of the human resource management team within a firm. Footsteps
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recent hints proffered both by law reformers[2] and judges that it is necessary to reassess the policy balance struck by the imposition of personal liability on directors under the insolvent trading regime.[3] In this context the great import of the decision of the New South Wales Supreme Court in Hall v Poolman[4] (hereafter ‘Poolman’) cannot be overstated. The judgment of Palmer J treats‚ inter alia‚ several live and controversial issues going to the heart of company law and insolvency jurisprudence
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we are acting for Jonathan (plaintiff). Jonathan sues Sheba (defendant) because of free consent and capacity. Free consent that we talk is about misrepresentation whereas capacity is about her being a minor. “Free consent is one of the essential elements of a valid contract which provides that all agreements are contract if they are made by the free consent of the parties….” (Tulsian‚ 1998‚ p.53) “Capacity is legal power to enter into binding obligations or to enjoy the privileges of a legal status
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Exam for Business Law 84 questions Jurisdiction –the power to hear and decide a case. Has multiple dimensions. Appellate jurisdiction – the authority of a court to review a prior decision in the same case but made by another court Original jurisdiction – the authority of a court to hear and decide a dispute in the first instance Trial courts Supreme court of the US is in some instances an original jurisdiction court Treaties is an example of when supreme court Personal jurisdiction – inpersonam
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| Sole Proprietorship | Partnership | Joint Stock Company (JSC) | Definition | It is the type of business organization in which one person owns and operates in business | The relation between persons who have agreed to share the profits of a business carried on by all any one of them acting for all. | A company is an association of person who contribute money to a common stock and use it for a common purpose | Legal entity | It contain separate legal entity apart from its owners | It contain
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