Bus 415 Business Entities, Laws and Regulation

Business Entities, Laws and Regulation The intent of this paper is to discuss tercet melodic line scenarios and determine the pedigree entities that impart look them best in their respective industries. In addition, separately disdain will severalise how best to control the business, taxation, adhere to physical exercise laws and regulations, and address whatever possibly liability concerns that may arise. We will illustrate how severally business can organize and be successful. The first scenario involves Lou and Jose who externalize to start a restaurant and sports bar. Lou and Jose do not look at much money; however, they do have an layor. Miriam is a wealthy woman who has money to invest in a business. She does not have the time to dedicate to the business but would equivalent to receive a dowry of ownership from her investment. In this concomitant situation, it would be best for Lou, Jose, and Miriam to undecided their business as a bound rendership. In this extra confederation, Lou and Jose will act as world(a) partners and manage the business and make the day-to-day decisions. As such, Lou and Jose will retain individualised liability for partnership debt incurred by the business. Miriam will act as a limited partner with no say in the day-to-day decisions or management.

In addition, Miriam will not be personally liable for debt beyond her investment in the business. check to Cheesman (2010), In order for Lou, Jose, and Miriam to mixture a limited partnership, they essential execute and sign a security department of limited partnership. The certificate must contain the p rognosticate of the limited partnership, the! general character of the business, address of the business, names and addresses of sound representative, name and addresses of each general and limited partner, date on when the limited partnership will dissolve and an accounting of cash, airscrew or work to be contributed. They must file this certificate with the secretary of subject where the business will operate. As Lou and Jose mug up to open...If you involve to get a full essay, order it on our website: BestEssayCheap.com

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