Legal Forms of Business Mike Martin LAW/531 January 9‚ 2012 Carmina Perez-Fowler Legal Forms of Business Legal forms of business include sole proprietorship‚ partnership‚ limited liability limited partnership‚ limited liability company‚ S corporation‚ franchise‚ and corporation. Each of these legal forms offers distinct benefits to business owners and investors. The decision to incorporate one legal form as opposed to another is often determined by circumstance and underlying factors. Cheeseman
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THE MOST DISTINGUISHED CHARACTERISTIC OF THE COMPANY AS A FORM OF BUSINESS IS THAT IT IS A LEGAL ENTITY.EXPLAIN WHAT IT MEANS. A company is considered a legal entity( artificial person created by the law).The law treats a company as being a separate person from its members and those who manage it.(The modern law review vol 31-pg 481) The following are characteristics which makes a company a legal being: a) Has a right to own properties. A company owns its own properties. Directors and shareholders
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Legal 2 Test 2 Studyguide Sole Proprietorships the simplest form of business organization. Sole proprietorships are the most common form of business organization in the US. Major advantages: * Forming a sole proprietorship is easy and does not cost a lot. * The owner has the right to make all management decisions concerning the business‚ including those involving hiring and firing employees. * The sole proprietor owns all of the business and has the right to receive all of the
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Should abortion be legal? Throughout the course of history‚ the debate of whether abortion was a moral act or a dishonest one was a constant dispute. Many fought and argued that the death of a fetus is an act of abhorrence as well as demoralization.. Although some argue that it is unjust to eradicate a life that has no choice to protest‚ there are many points that prove otherwise. The option of abortion has a variety of advantages to particular situations in which a solution is not given. Abortion
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The effectiveness of dispute resolution processes in achieving justice for and/or between individuals may be different depending on the issue being resolved. I will be writing about the effectiveness among Families using the ’Family Dispute Resolution Process’ Family Dispute Resolution is a process where people who are in conflict can be helped to communicate with each other about what is important for them and how to make decisions about resolving their dispute. Family Dispute Resolution (FDR)
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Changing the ‘thought-ware’ of Indian Legal Education You can teach a student a lesson for a day; but if you can teach him to learn by creating curiosity‚ he will continue the learning process as long as he lives. * Clay P. Bedford INTRODUCTION: ’Law is the cement of society and an essential medium of change’.The significance of legal education in democratic country like India cannot be ignored.Before 1990s the main purpose of law universities were to impart the knowledge of law‚black
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Legal and Regulatory Framework I. The basis of the contract From the coupon attached‚ we can see the specialist terms as follows: 1. Each person should use only one ticket and not use the ticket in conjunction with other coupons 2. The Minimum consumption should be controlled over 100 yuan. 3. The coupon can’t be used in the holidays. 4. The final interpretation is owned by our company. The standard form contract is a standard document prepared by many large organizations
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Review with Mike any legal issues he may use to defend the claim brought by Grace. ISSUE 1: (what is the LEGAL issue the judge will have to decide?) LAW: (use your textbook‚ cases we have studied in class‚ statutes‚ and class notes as sources of law) APPLICATION: (apply the law to the facts. Make arguments for the plaintiff AND defendant) CONCLUSION: (this is the answer to the Issue) ISSUE 2: LAW: APPLICATION: CONCLUSION: Review with Mike any legal issues he may use to defend
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Introduction Separate legal entity is principle law today‚ but in several cases‚ the principle is ignore and in justice is serve. The courts are willing asked to “lift the corporate veil” and ignore this principle when fairness and justice demand so. A “company” is an organization that is registered under the companies Act 1965. The incorporation of a company is an artificial entity recognized by the law as a legal person that exists independently with rights and liability. This means that a company
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Should Abortion Be Legal? Zelda P. Brown PHI103 Informal Logic Prof Angela Lohr July 28‚ 2013 There are two unforeseen circumstances that may cause a woman a great deal of mental pain. As a result of rape or incest a woman who has become pregnant should have a choice on whether she wants to keep the child‚ place for adoption or terminate the pregnancy through an abortion. If a decision is made then abortion should be her choice not the law. The Democratic Party strongly and unequivocally
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