Business Forms
One of the most important decisions for entrepreneurs is determining the most suitable form of business ownership when setting up a business. For Adam and Laura who are seeking to establish a pet grooming shop named Dazzling Doggies Day Spa, the determination of a suitable form of business ownership is critical towards ensuring the success of their business venture. When making the decision, Adam and Laura need to consider various factors surrounding their business venture including the fact that Beth, Laura’s mother, would like to contribute towards the startup costs without being involved in the everyday business operations, but wants a share of the business’ profits.
In light of these factors, there are two considerable options for Adam and Laura i.e. a corporation and limited partnership. A corporation is a form of business ownership in which the business is considered as a legal entity that is separate from its shareholders. This would be a suitable option for Adam and Laura since the business venture will be structured in a manner through which Beth will be a shareholder. As a shareholder, Beth will not be personally liable for the obligations, debts, and acts of the corporation. However,...
References
Manjunatha, K. & Ahamed, M.N. (2013, Sep-Oct). Pertinent Relationship of Unethical Practices of Business on Company’s Credibility. IOSR Journal of Business and Management, 13(2), 18-22.
Matheson, J.H. (2002). Choice of Organizational Form for the Start-Up Business. Minnesota Journal of Business Law & Entrepreneurship. Retrieved from http://scholarship.law.umn.edu/cgi/viewcontent.cgi?article=1111&context=faculty_articles
If she decides to give the results to the company that is sponsoring her, it is her responsibility and she is liable of suffering the consequences. In order to avoid ethical issues, Jane could organize these interviews as concerning consumers, as a statistical survey that she can publish in the university's newspaper, therefore becoming public knowledge. The identity of the surveyed restaurants should be concealed, otherwise it is unlikely that
Business Law Ethics Special Directions for Cases 1 -- 5: The following cases have been carefully chosen to represent several of the most pressing ethical dilemmas facing American business today. When answering the questions at the end of each case, consider the ethical character trait or traits that would guide your decision-making. Avoid the theory of subjective ethics. Be less concerned with the "right" answer and more concerned with applying the
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S.$36 million) for immediate expenditures; and redefining "priority sector" expenditures to include spending on security. For its part, the World Bank responded to Chad's renegging on its ageements in 2006 by suspending disbursement of $124 million in loans to Chad, and froze the country's $125 million in assets in the London-based Citibank escrow account (Zissis, 2006). In effect, the World Bank has ceased its involvement in Chad. However, the Chad oil
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