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Business Entities, Laws, and Regulations - Research Paper Example

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This paper discusses three businesses scenarios that include restaurant/bar business, construction business, and extermination business depending on the requirements of starting a successful business. A well-detailed business plan contains estimated budget that indicates the amount of capital…
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Business Entities, Laws, and Regulations
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Download file to see previous pages In this scenario, Mei-Lin is the hiring manager of a new construction company called Surebuild Inc. This corporation has advertised a position of jackhammer operator, and Mei-Lin is facing a challenge of determining the best applicant fit for the job. She wants to treat each applicant equally, and determine the most qualified under the Equal Employment Opportunity Act (Steingold, 2011). In the United States, Equal Employment Opportunity Commission (EEOC) is charged with the duty of enforcing federal laws, which make it illegal to discriminate against an employee or job applicant due to an individual’s religion, race, age, sex, color, race, genetic information and disability (Steingold, 2011). ...
Michelle is a 35-year-old high school graduate. She has experience in operating jackhammer, although she is currently pregnant. Mei-Lin cannot choose to discriminate against Michelle just because she is pregnant. She is, therefore, a legitimate applicant for the job. Nick is a 23-year-old college graduate, but with no experience in operating jackhammer. He has epilepsy, and this cannot prevent him from getting this job. This is because the federal law states that no applicant or employee should be discriminated against because of disability (Meiners & Ringleb, 2011). Felipe, who is the final applicant, is 38 years old without a high school diploma, and she does not speak English. She can be dismissed on the grounds that she does not have a high school diploma. The hiring manager can, therefore, choose either Nick or Michelle as the best applicants for the jackhammer operator position. Restaurant/Bar Business Starting up a sports bar and restaurant will be a difficult task for both Jose and Lou. This is because they do not have enough capital, and they will consider bringing in Miriam to provide the finances. This business will, therefore, be formed under the Partnership Agreement Act. In this scenario, Jose, Lou, and Miriam will be partners in the sports bar and restaurant, however, daily running of the business will be done by Jose and Lou only. In this partnership agreement, Miriam will only contribute capital in return for a profit. All the partners will have liability and share loses because each of them has something to lose. Most of loses will be directed to Jose and Lou because both of them are responsible for the daily running of the business. Opening sports bar and restaurant business require food and liquor licenses. ...Download file to see next pagesRead More
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