Nobody downloaded yet

Business law 2 - Book Report/Review Example

Comments (0) Cite this document
Depending on the intended structure of the business, an individual can choose one entity option to serve as the business vehicle. Experts have defined entity options such as sole…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Business law 2
Read TextPreview

Extract of sample "Business law 2"

Download file to see previous pages 306).
A sole proprietorship denotes an entity owned by a single individual. Usually, it is considered the easiest business entity option with limited legal requirements. The owner and the business are similar therefore, starting such a business does not require a compilation of paper works with different government agencies. However, this does not exclude a sole proprietor from getting licences and permits. This licence and permits usually depend on both federal and state requirements. The individual owning this type of business has an entitlement to all the profits from the business, but should also take responsibility of any emerging liabilities (Gillies 2004, p. 449).
After identifying the most convenient business structure, it is critical for Sarah to decide a name for her business. Basic research is critical if Sarah is not using her own name in the business in order to avoid infringing trademark rights. Usually, trademark rights apply within the boundaries of a certain region. After the identification of a name, registration of the business name follows with the relevant government agency. After the registration process, an individual is required to run an advert declaring that he or she will be using that name in the business. This is a critical step for Sarah. After the business registration, Sarah needs to secure permits and licences from the federal, state, and local authorities. Notably, tax registration is critical as well as licences permitting her to deal with computers. Unless Sarah has such permits, her business is considered illegal. It is critical for Sarah to develop a business plan comprising of balance sheets, cash flow analysis as well as the statements of her income so that she may have a firm foundation for her business. There is also a need for her to open bank accounts reflecting the business ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business law 2 Book Report/Review Example | Topics and Well Written Essays - 1000 words”, n.d.)
Business law 2 Book Report/Review Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Business Law 2 Book Report/Review Example | Topics and Well Written Essays - 1000 Words)
Business Law 2 Book Report/Review Example | Topics and Well Written Essays - 1000 Words.
“Business Law 2 Book Report/Review Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Business LAw 2

...? Business Law 2 Business Law 2 The late Sheikh in a bid to enhance business entrepreneurship in the country issuedthe UAE federal Law of 1984 described in No. 8. In the commercial law, several business organization were granted in the law among them General partnership which is going to be described in this paper (Cranston, 1992). In making the choice of a business to manage, we opt for General partnership. In the partnership, we are going to engage in the fast food restaurant providing fast food of all sorts. The...
4 Pages(1000 words)Assignment

Business Law Phase 2 DB

...Business Law Phase 2 DB EQUIPMENT SALES AGREEMENT Contract No ____________ This Sale Agreement Agreement is entered into by and between ______ (“Seller Company”) and _________ (“Buyer”). 1. Sale of Equipment. Customer hereby agrees to purchase from Company the used equipment (“the Equipment”) set forth as follows: Type Number Monitors 5 no’s Printers 5 no’s Desktop computers 5 no’s 2. Price. The price and time for payment for the Equipment is as follows: Price Due date $500 I month $500 II Month $500 III Month $500 IV Month Total amount is $2000 to be paid in four monthly installments. Any amount payable by Buyer hereunder which remain...
2 Pages(500 words)Essay

Business Law Phase 2 Individual Project

...Running Head: Business Law Business Law Phase 2 Individual Project Instruction Display an example of a written contract that you have entered into. It could be a purchase agreement for a home, car, or furniture, a warranty agreement, or a contract for home repairs. Identify the features that make it a valid contract. EXAMPLE OF WRITTEN CONTRACT: SERVICE CONTRACT FOR HOME REPAIR This agreement is entered into by and between (Name of Student), hereinafter referred to as client, and Star Builders Inc., hereinafter referred to as contractor. A. Terms of Agreement This agreement shall be effective on January 15, 2007 and shall remain in effect until April 30,...
3 Pages(750 words)Essay

International Business Law 2

...Direct Investment in India. Reading 5-2. P 239. Chawla M. (2007). Overview of Data Protection Laws in India. Retrieved from Eisenhauer M.(2005). Privacy and Security Law Issues in Off-shore Outsourcing Transactions. Hunton & Williams. Atlanta Georgia Feb. 15, 2005. Retrieved from Ernst & Young (2006). Doing business in India. Tax and business guide. Retrieved from Grossman T. and Livingstone J. (2009). The Portable MBA in Finance and Accounting. 4th edition....
3 Pages(750 words)Essay

Business Law Rubric 2

...of degrees in related areas can also practice as journalists. Introduction to the interviewee My interviewee is studying journalism. I am actually conducting this interview in order to gather information from him about his views about this profession. Why do you want to be a reporter? Are you able to report fairly? Do you believe you are a good communicator? How do you approach your news sources? Can you report objectively? Do you want to work for private of public media? What can be done to improve this profession? Do you know the law and ethics related to this area? How can this profession be improved? Are you able to write about different beats? References Celliers, Bernarde. Corporate Law. 3rd...
3 Pages(750 words)Essay

Business Law exam 2

...agents were fully aware and complacent over the situation. The female employee had to seek psychiatric assistance in order to resolve her issues, which in turn indicate grievous damage to herself. Such conduct had both a “deleterious” as well as “severe and pervasive” effect on the female employee without doubt. Furthermore, the harassment occurred during employment which makes the employer vicariously liable. The move by the male employee to settle down the situation by offering greater rewards also casts doubt on the male employee’s motives. 2. Applicable Law and Tort Claims Given the circumstances of the case, it is clear that sexual harassment laws apply to the case. The employer’s...
3 Pages(750 words)Essay

Business Law Individual coursework Scenario 2

...Business Law By Due Contract is an agreement between two parties in which they promise to do something in return of the performance of the other’s promise. Breach of contract occurs when a party fails to perform its part of the agreement or the performance is so inadequate that it destroys the very purpose of the contract. Breach of contract discharges the contract and the other party does not need to perform its part of the promise. The party that breaches the contract is called the aggressive party and the other party is called the aggrieved party. Normally, damages are the remedy for a breach of contract. The purpose of damages is to compensate the aggrieved party for its loss and put it in a financial...
4 Pages(1000 words)Essay

Phase 2 - International Law and Business

...International Law and Business International Law and Business Companies located in the region of United s have a legal as well as moral duty to operate while ensuring that they minimize the harm caused to the environment in which they operate. Under common law, the companies operating in United States are expected to respect several doctrines in relation to safeguarding the environment. These doctrines include trespassing, negligence as well as nuisance. Other than common law, strict guidelines have been created under the Environmental Protection Agency (EPA) that helps legally strict companies from harming the environment. Several legal...
1 Pages(250 words)Essay

Business law discussion #2

...that there was no legally binding contract between him and his father. This is in line with one of the elements which considers refusal of Sam’s father to transfer the Bentley to him as an act of injustice. Discussion Question 3: Sources of Contract Law In the case of Lucy, the body of contract law that will be applied by the court is that of voidable contract in which the contract is enforceable at the option of one of the parties involved. In this case, Lucy who was the aggrieved party had the option to either accept or rescind the contract prior to its inception (Beatty, 121). Under such contract, there exists a legal effect as well as force at the time when it is made but it can be rescinded by the...
1 Pages(250 words)Essay

TOPIC: The impact of austerity on the service people use

12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic Business law 2 for FREE!

Contact Us