Limited Liability Corporate (LLC) or Partnership Forming a business may be as simple as shaking another individual's hand or it may be a complex process of filling out forms, paying application fees and taking steps to achieve compliance. The degree of complexity will be shaped significantly by the nature of one's chosen line of business. This, in turn, will define the legal definition of this business. In the discussion hereafter, we

S corporations must be domestic in nature, issue only one kind of stock, and have less than a hundred shareholders: given that Frank only has aspirations to have a U.S.-based business, this entity type would seem ideal, although he might need some legal help to file as an S Corporation. Professional practice: An LLC, or limited liability corporation, is the most popular type of entity structure for professional groups such

Partnership The nature of the law governing limited liability corporation (LLC) allows owners to dictate the percentage of ownership in any fashion they deem appropriate (Internal Revenue Service). Because LLCs are a hybrid form of business operation that enjoys benefits of both a partnership and a corporation, Stratum and Brown can handle the capitalization of their business, the distribution of profits and losses, compensation for services, and the proportionate responsibilities in

This most commonly occurs when the item is purchased from a business in another state and shipped to the user's state (most states do not impose sales taxes on products that are shipped to another state). Zoning Laws Zoning laws, which typically include local ordinances that regulate: parking, advertising and signage, use of the land surrounding the business and even the type of business that is allowed to be conduct in

However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience. Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain

In order to provide high quality products and services for its customers, the center must invest important amounts of money into this business. As a consequence, the fees charged for the center's services will be medium to high. However, in order to attract as much customers as possible from the beginning, the center will be forced into providing its potential customers certain discounts, bonuses, and various promotions for certain