corporate business structure In today ’s competitive business environment‚ your choice of corporate structure could affect your business ’ long term success. A business entity can be structured in three ways‚ that being a sole trader‚ partnership or a company. Sole traders carry on business alone‚ thus leaving the owner with complete control of the enterprise and its employees‚ ownership of all profits‚ business assets and personal responsibility for all debts. It is the simplest business structure
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Chris Fowlks Student ID: 000433225 Legal Issues for Business Organizations Task 1 SOLE PROPRIETORSHIP: A sole proprietorship is the easiest and most simple business form to operate under. The sole proprietorship itself is not a legal entity. In a sole proprietorship‚ the person who owns the business is personally responsible for the business debts. • Liability: The business owner is personally liable for any claims/lawsuits against the business. If a sole proprietorship is defeated in a lawsuit
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* Class notes: FINAL EXAM * * Negligence per se: No rational relationship between you hitting someone (car) and you not having insurance. * * Homicide: Involuntary Man Slaughter: When you commit a crime which is not a felony and somebody dies *first offense is 1 to 10 years in prison windshield lady – man gets wedged in windshield and he bleeds to death. Voluntary Man Slaughter: You acted without thinking about it. NOT premeditated Passion: Snap and Go Bar Room Brawl: Con
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Negligence Paper Elizabeth Ruelas HCS 478 January 10‚ 2012 Shawishi T. Haynes Negligence Paper Negligence‚ gross negligence‚ and malpractice are terms that healthcare professionals fear being involved in. We have healthcare laws and policies that guide each healthcare practice. In today’s litigious society‚ we see healthcare lawsuits that are wrongfully filled‚ some that are not valid‚ and some unjustly settled cases. Yet there are some situations where a lawsuit should have definitely
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Introduction For a contract to appear in the situation of the question‚ one of agent employed to do any act for another while one of principal which is represented in business transactions….. Issues Ian had been assigned to be in charge of an art gallery that owned by Sarah while she is away on a business trip. Ian understood that he cannot buy any item for the gallery without approval and cannot offer a discount on any displayed items without Sarah’s permission. While Sarah is away‚ Ian sold an
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Bernadette Lowe Grantham University BA 260 – Business Law I October 15‚ 2014 Negligence Mark sued a bank for injuries. He was not paying attention as he entered the bank because he was looking at his phone. And he fell suffering $10‚000 in injuries. Prior to the fall‚ the janitor had buffed the floor. The janitor had an IQ of 70. Normally‚ the janitor was closely supervised. However‚ today his manager was extremely tired‚ and the manager didn’t notice that the janitor had carelessly used
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three basic legal forms of business organizations: the sole proprietorship‚ the partnership‚ and the corporation. Each form of legal organizations has unique characteristics that are important to consider when starting a business. The legal form chosen will make significant differences for things such as ownership‚ sources of financing‚ personal and financial risk‚ taxes‚ workload‚ buying or selling a business‚ and liability issues. A sole proprietorship is a business owned by a single individual
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achievement‚ and improves teamwork skills. However‚ participation in sport undoubtedly involves elements of risk of injury‚ and where there is negligence there is scope in the sporting arena for those harmed to take legal action. During this assignment a sporting injury is analyzed under the requirements of Tort law and the Civil Liability Act QLD 2003 Negligence is defined as breaching the duty of care owed to someone and can be due to a person’s actions or omissions. Duty of care is the legal obligation
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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 file
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Topic/Subtopic Cases/Law Facts /Quotation/Principle/Definition Negligence. Definition Blyth v Birmingham Waterworks Co (1856) 11 Ex. 781‚ per Alderson B ‘Negligence is the omission to do something which the reasonable man‚ guided upon those considerations which ordinarily regulate the conduct of human affairs‚ would do‚ or do something which a prudent and reasonable man would not do.’ The tort of negligence Negligence is about fault based liability. The plaintiff must prove on the balance
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