Running head: LEGAL FORMS OF DOING BUSINESS 1 Legal Forms of Doing Business University of Phoenix: LAW/531 March 2013 LEGAL FORMS OF DOING BUSINESS Legal Forms of Doing Business 2 Doing business in the United States can be a complicated matter. An entity wishing to conduct business must first chose a form upon which to do business. Some forms of doing business are a sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company‚ S corporation‚ franchise
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Legal Structure of Business Organisations Sole Traders General Partnerships Limited Patnerships Limited Liability Partnerships Companies Key Legislation General Law of Contract Partnership Act 1980 Limited Partnerships Act 1907 Limited Liabity Partnerships Act 2000 Companies Act 2006 Liability Unlimited Liability Each Partner jointly and severally liable Limiteed Liabiliy for limited partners and unlimted liability for general partner Limited to the amount tas they have agreed Depending
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Business Contractual Relationships Assessment - Case Study 1 Question1 Referring to the Sales of Goods Act 1979‚ explain the main characteristic of a contract of sale. The contract of sale take place in every day life when we buy something in the shops either food or clothes or just newspaper. There aren’t buying without law. It is important that we always know our rights if we buy something. Referring to the Sale of Goods Act there are two types of contract. One of them is sale and the other
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Edexcel HNC Diploma L4 Unit Name | Business Environment | | | Unit No | 1 | Staff Name | Y.Price | Student Name | Darren Griffiths | | | Hand out Date | Sept 2010 | Hand in Date | 6 p.m.11 Oct 2010 | Late Submission | | | | Date agreed | | Staff Signature | YPrice | Assignment 1 Assessment criteria to be assessed:- LO1 -1.1 Identify the purposes of different types of organisation1.2 Describe the extent to which an organisation meets the objectives of different stakeholders
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Relationship between financial distress and phase of the business cycle Every time a financial crisis breaks there are many interpretations from economists about the reasons of it and how it is affects output. Is there a relationship between a financial distress and real output? This approach is interesting because allows the compare of impacts of financial variables and financial incidents such as banking crises‚ stock markets crashes‚ money supply‚ interest rates and credit spreads on output
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Describe the legal framework that is provided for the employment contract by 1. identifying the tests the courts apply to determine who is an employee. 2. explaining how these tests have been defined or modified in Pointe-Claire (City of) v. Quebec (Labour Court)‚ [1997] 1 S.C.R. 1015. 3. summarizing the most important principles of contract law governing the formation of an employment contract. Employment contracts are encased by many legal frameworks which significantly influence
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activities‚ developing strong relationships‚ which results in improved performance Without effective inter-organizational communications‚ learning among workmates is diminished and the long-run effectiveness of the relationship may be damaged. Communication presupposes that there is a particular cultural framework that allows "translation" of the meaning embedded within communication by the recipient to maintain the true intent of the communication (Blalock‚ 2005). When business partners emanate from different
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3rd Semester Subject Legal Aspects of Business Study center Idea Institute Subject Code MB0051 Date of Submission Master of Business Administration- MBA Semester 3 MB0051-Legal Aspects of Business Assignment Set- 3 (60 Marks) Q.1. “Discharge refers to the termination of contractual relationship between the parties”. Explain the statement along with different modes of discharging a contract. Answer: Discharge refers to the termination of contractual relationship between the parties. The contract
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The Business Environment Name: College: Date: The Business Environment The role of business in the economy A business is an economic system which provides goods and services with the aim of generating revenue. The notion of a possibility of being able to earn a profit itself offers incentive for starting ones own businesses. For growth and development to be achieved in any given economy‚ the government must strive to ensure that the environment is conducive which induces investments and while
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Legal Underpinnings of Business Law OMM 670: Legal Environment February 25‚ 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor & business | Sole Liability | Tinker & Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you are
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