Nobody downloaded yet

Legal & Regulatory Regulations - Essay Example

Comments (0) Cite this document
Summary
Peggy and Nancy run a small juice bar in Brighton. Business is good and they are thinking of expanding their premises and staff and hope ultimately to branch into different parts of the country. They recognize a need to seek outside finance to assist cash flow…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Legal & Regulatory Regulations
Read TextPreview

Extract of sample "Legal & Regulatory Regulations"

Download file to see previous pages However, the same perceived advantages of a partnership, if enjoyed without caution, lead to a loss of credibility both in the eyes of prospective employees and prospective financers. There are myriad advantages and disadvantages to both the business forms seen from any angle that may have a bearing upon the choice of business structures. However, one thing is certain that it is next to impossible to run a company without qualified professional help,- and associated costs,- if benefits are to be obtained and penalties to be avoided. The principal advantages of a company are of course, the vaunted limited liability, greater flexibility in tax planning, a greater social perception of credibility, and an ability to raise funds formally through the sale of equity shares.
Partnerships that maintain detailed auditing and have themselves audited by professionals are on the same footing as start-up limited companies with respect to an external loan, - for any financier, including a bank, would want personal guarantees from the directors of a new company in order to give a loan, just as they would demand collaterals from the partners of a partnership. Further, as research has shown, there is almost no discrimination shown by banks between male and female owned businesses when it comes to a loan (Carter & Shaw 2006). The principal difference in approach is that "While female applicants are required to demonstrate evidence that they understand the nature and implications of business ownership, male applicants are required to demonstrate trustworthiness through social stability, evidenced by marriage." (Carter & Shaw, 2006, pg 65).
We know our subjects' mindset is entrepreneurial, that they have started with a small business, and have put it into running with economic viability. They have set short term (expansion of premises and staff) and long-term goals (countrywide expansion), and are working only with the product with which they have gained experience. Thus, they seem to understand the nature and implications of business ownership. That they are receiving conflicting opinions from "business associates" does not rule out the possibility of having accountants or lawyers as business associates. The abundance of contested litigation in the country is proof enough that professionals quite often, and with regularity, hold differing opinions upon the same issues. Thus, what remains is to assess the non-financial capital of Peggy and Nancy before choosing the business structure appropriate to their situation and for their needs. Their cast is of typical woman entrepreneurs (Carter & Shaw, 2006) as their choice business of a fruit juice bar and choice of structure as a partnership shows a low level of overall capitalization at start-up. including low requirements for (a) start-up and ongoing funding (financial capital); (b) attributes and skills (human capital); (c) tangible assets including facilities and equipment (physical capital); (d) organizational relationships, structures, routines, culture and knowledge (organizational capital); (e) technological knowledge or process based skills and experience (technological capital); and (f) relationships and network, social, professional, political, etc. (social capital). Their business is dependent upon personal clients rather than corporate clients, and they have no previous ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/miscellaneous/1526195-legal-regulatory-regulations
(Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 Words)
Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/miscellaneous/1526195-legal-regulatory-regulations.
“Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1526195-legal-regulatory-regulations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Legal & Regulatory Regulations

Legal, Ethical, and Regulatory Issues in Business

...by a less qualified male employee. Jerry’s action was a clear example of violation of Title VII of the Civil Rights Act of 1964. The Doctrine of Employment at Will is not applicable in Elaine’s case. Elaine can file a complaint at the nearest office of the U.S. Equal Employment Opportunity Commission. She can also claim from damages through the Civil Rights Act of 1991 which provides monetary damages in cases of intentional employment discrimination. It should be noted that in the case of Elaine, her termination can be said to be a legal or permissible act because of the “at-will employment” setting that they have. But because of the hiring of the male employee, Kramer, to replace her job, the employer showed an act of...
2 Pages(500 words)Case Study

Legal and Regulatory Environment

...? HR - Legal and Regulatory Environment Task This paper looks into the civil rights and employment unfairness. It then seeks to answer the legal issues in the case of Quinn, whether Hammer and Mongo acted ethically and what my employer has done to prevent harassment in the work place. What are the legal issues in this case? If you were the judge, how would you rule? Mongo is the parent company of SAMCO, a subsidiary company based in Saudi Arabia carrying out a contractual dealing on an industrial city in the country. In its contract with SAMCO, the Royal Commission retained the right to get rid of, or change any personnel contracted by SAMCO at its own discretion. Mongo...
4 Pages(1000 words)Essay

Legal, Safety, and Regulatory Requirements

...? Legal, Safety, and Regulatory Requirements s Institute of affiliation Legal, Safety, and Regulatory Requirements It is pertinent to that the current governmental strategies are planned under several departments so that the departmental issues can be solved in a professional manner. In most cases, the US department exercised ruling by acknowledging compassionate and common sense. Of late, nearly all the departments have embraced the use of litigation in examining the effect of safety, legal and regulatory requirements primarily in the department of the human resource. This essay, will analyze how several departments for instance the...
4 Pages(1000 words)Essay

Knowledge of Legal rules and Regulations

...Why Knowledge of Legal rules and Regulations Is Required in the Geomatics Profession I. Introduction An advertisement for a geomatics officer in the Planning, Property and Development Department of the City of Winnipeg, Manitoba posted twelve criteria, six of which were related to legal know-how: "A) Knowledge and experience in matters related to real property law, survey law, the land surveying profession, title interpretation and the Torrens and Old system registries, the Statutes of Manitoba, and the City of Winnipeg Act and corresponding regulations; B)Understanding and experience in geodetic control surveys and its relationship to the legal survey and the mapping industry; C) Knowledge of the Geomatics industry particularly... to be...
4 Pages(1000 words)Essay

Chapter 4: Legal, Regulatory, And Political Issues

...Question no The existence of both cooperation and conflict between government and businesses in case of business regulations is very much prevalent. Government cooperates with an organization regarding to the fact in which it would be profitable for the business organization. However conflict arises when the government makes any delay to sanction a project of an organization. Conflict can also arise regarding the wages that are to be paid to the employees. Also certain times government uselessly interferes in the affairs of an organization. Such activities can lead to some serious kind of conflicts. Question no.2: Usually the government has always synchronized business. One of the main reasons for the founding of a...
2 Pages(500 words)Essay

The Legal and Regulatory Environment of Business

...The Legal and Regulatory Environment of Business Businesses are controlled by the government through regulations and laws. These are held in place in order to not only protect the consumers from shrewd businessmen but also protect the businesses themselves from themselves and other outside markets that may affect them. The common laws of businesses include property law, contract law, internet law, tort law among others. Laws and regulations are also made to protect businesses from bankruptcy and how to go about it in case it becomes inevitable. This is done through laws involving creditor-debtor relations. This is mainly for commercial businesses. As for the other...
1 Pages(250 words)Essay

Legal, Saftey, and Regulatory paper

...Legal, Safety, and Regulatory Requirements Legal, Safety, and Regulatory Requirements Compliance with all employment, health,safety and other regulatory frameworks is critical to human resource management processes. Organizations strive to keep up with various aspects of human resource that fall within the jurisdiction of their operation. The primary objective strict compliance is to avoid costly penalties that may be caused by noncompliance. Litigation involves engaging in lawsuits and other resorts to the courts to determine legal questions or matters concerning human resource management. Litigation has replaced common sense and compassion, which are vital in amicably solving disputes among the organizational stakeholders... . The...
3 Pages(750 words)Essay

Legal and Regulatory Considerations in IT Security

...Legal and Regulatory Considerations in IT Security Introduction Extensive application of computers has necessitated formulation of laws meant to govern interactions within the information technology environment. Prior to computerization, such laws were not necessary. However, widespread use of computers in the acquisition, processing and storage of information triggered formulation of laws in different regions. In the United States, the federal government has a concrete set of laws and regulations governing the information technology environment. Similarly, individual states have the autonomy to legislate and pass local data laws. In the US, data laws used in one state are not necessarily...
5 Pages(1250 words)Research Paper

Legal regulatory , and etical issues

...of the Civil Rights Act which outlaws workplace discrimination and advocate for equal treatment of employees. In my capacity as a leader, I would like to recommend that such unfortunate incidents can be eliminated by providing legal education to all the departmental heads and informing them on the angers of such violations (Branch, 2008). Besides, as a leader, I would act as a role model by creating a discrimination-free working environment for everyone else to emulate. References Branch, T. (2008) Pillar of Fire: America in the King Years 1963–65, New York: Simon & Schuster. Burstein, P. (2005) Discrimination, Jobs and Politics: The Struggle for Equal Employment Opportunity in the United States since the New Deal,...
1 Pages(250 words)Research Paper

The legal rules and regulations

...Discussion Questions Discussion Questions The legal rules and regulations that are enforced on a particular region and its people are quite different from the ethical standards and guides followed by the people of same region. Legal rules may be derived through ethical norms as well as values shared by the people of a nation, but all ethical values and norms do not end up becoming laws. This is because certain ethical values may not be accepted and followed by different groups within a society and certain values may be shared by all (Forsyth et al., 1992). Those values that are shared by all are more likely to become laws. Therefore, an individual belonging to a certain group may have...
3 Pages(750 words)Assignment
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 Essay on topic Legal & Regulatory Regulations for FREE!

Contact Us