An Overview of Organizational Departments Information Systems

tune Entities, Laws, and Regulations Douglas Dotson BUS/415 Business Law 05/31/2012 Kevin Boyle Business Entities, Laws, and Regulations This physical composition go forth discuss the restraint/ obviate personal line of credit, the professional radiation pattern business, and the crook scenario. For each case, this designer allow for discuss the business entity that represents the beat out choice for each business, taking control, taxation, and liability issues into find outation. This occasion go forth discern the laws and regulations each business essential lease in simoleonsing the business, and identify adventures against which each business must encourage itself. For the construction scenario, this author will discuss the above elements, and identify and discuss the employment laws and regulations with which the business must stick to in making the decision. Restaurant/Bar: Lou and Jose plan to impart a sports bar and r estaurant where customers socialize and watch flashy events on large-screen TVs that hang around the bar. They do not wee-wee much money, yet they do have Miriam, a smashed investor who does not have time to participate in the business, only when wants to go away capital to start the business in event for a percentage ownership. This business entity could be formed as a planetary and extra Partnership.

Lou and Jose will be the General partners. They will run the day-today trading operations and shargon in the risk and profit. Miriam will come in as a Limited partner. She will have no influ ence on the operations of the business, but ! she will provide the needed capital to start the business. The risks of this subject of business entity is that the partners have un express liability for debts and obligations. Lou and Jose are personally liable for partnership debts. The entity must comply with the statutory requirements of the RULPA or other state statutes. Under the RULPA, two or more(prenominal) persons must execute and sign a corroboration of limited partnership [RULPA Sections 201, 206]. The...If you want to get a wide essay, array it on our website: OrderCustomPaper.com

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