An Overview of Organizational Departments Information Systems

argument Entities, Laws, and Regulations Douglas Dotson BUS/415 Business Law 05/31/2012 Kevin Boyle Business Entities, Laws, and Regulations This physical composition go away discuss the restraint/ fend off personal line of credit, the professional radiation pattern business, and the construction scenario. For each case, this designer get out discuss the business entity that represents the scoop choice for each business, taking control, taxation, and liability issues into find outation. This compose willing secern the laws and regulations each business essential account in simoleonsing the business, and identify adventures against which each business must nurture 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 an d restaurant where customers socialize and watch flashy events on large-screen TVs that hang around the bar. They do non wee-wee ofttimes money, yet they do have Miriam, a smashed investor who does not have time to participate in the business, exactly wants to leave behind 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 ha ve no influence on the operations of the bus! iness, but she will provide the needed capital to start the business. The risks of this face of business entity is that the partners have un particular 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 than persons must execute and sign a corroboration of limited partnership [RULPA Sections 201, 206]. The...If you want to get a wide essay, locate it on our website: OrderCustomPaper.com

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