Business law

Soliman Law Group - Avoiding common Business Start-Up Missteps So you’re thinking about stepping off the ledge and becoming an entrepreneur? Soliman Law Group can help! Owning your own business can be an exciting and rewarding adventure provided that you do some basic work on the front end to give yourself the best chance of a successful outcome; just like painting a room in your house, the end product comes out significantly better when you invest the upfront time to carefully tape moldings

provides the simplest organizational structure for starting a business when two or more individuals decide to associate for the purpose of owning and operating a business. Like a sole proprietorship, a general partnership is not legally separate from its owners (partners). Consequently, partners are personally liable for the debts of the partnership. Unlimited personal liability represents one of the major disadvantages of organizing a business in the form of a general partnership. Similar to what we

Montesino Law understands that every business has unique and complex needs. It is important to take these needs into consideration when deciding what type of business entity is right for your business. This is where Montesino Law comes in! At Montesino Law, we will guide you through the network of entity options, while weighing the pros and cons of each class of entity against the needs of your business. Our only goal is your satisfaction through the upmost legal protection of your personal and business

Business organization is a group of people who are organized for some charitable or profitable purpose. Business entity is a corporate, commercial or other institution which is formed or administered according to the commercial law so as to engage in business activities which is generally selling of any product or service. In accounting business organization and owners both are separate or distinct from each other. This means that the personal transactions of owner are separately treated from business

Legal Underpinnings of Business Law Mia A. Rapier BUS 670: Legal Environment Instructor Leah Westerman November 16, 2014 “Liabilities are debts: money you owe. Every business carries some liabilities—for example, ongoing payments to suppliers, rent for your office, compensation to employees, or fees for contractors” (Mancuso, 2014). Added liabilities may result if a business is ravaged by a fire or flood or if the business owner(s) become the victim of a lawsuit—for example, a patron, client

Business Organization Sheena Stackhouse BUS 311 Professor David MacKusick July 6, 2015 Besides the sole proprietorship after reading I learned about three basic types of business organizations known as limited liability (LLC), partnership, and corporation. Sole proprietorship is a “business owned and operated by a single person. The business has no separate legal existence from its owner.” (Rogers, 2012) In the textbook it said “Partnership is an association of two or more competent

high; the sole proprietor assumes unlimited personal liability for the breach of contract lawsuit and, under this business entity, puts all personal assets at risk for the sake of the organization itself. Liability had to deal with certain responsibilities of one party or a group of an organization that deal with financial compensation. A sole proprietorship is a business or business owned and operated by one individual ((Mancuso, 2014). There is limited partnership, this is being sued for breach

and liabilities. There is little to no paperwork to be done with a sole proprietorship. You only pay personal income tax to include Social security. The business doesn’t have to file a tax return, but you are still liable for payroll, unemployment and compensation taxes (Clarkson, Miller, & Cross, 2016). 2. Limited Partnership which has adopted laws based on the Revised Uniform Limited Partnership Act (RULPA), would be a better option for you if

intentional action or negligence. Sometimes liability can even be a way to keep peace between different parties rather than an injured party taking more serious action. The affixing of liability may have been enacted as a peace keeping intuitive. In law a person can be liable she or he is financially or legally responsible for something. Liability can be covered by insurance and can be imposed jointly. There is some different forms of liability such as vicarious liability which is the responsibility

=Characteristics of Business Entities= Before we can review each type of business entity, we need to cover a few characteristics that may differentiate each business structure: ' ' 'Liability ' ' ': Liability refers to how much financial responsibility will be held by a business or individual in the event of business losses. In business terms, this often means who will be held financially responsible in the event that debts cannot be repaid or the business suffers losses from an action by a court of law. This