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Business law Essay Topics & Paper Examples

Legal Underpinnings of Business Law

The key to limiting liability exposure is to realize where your company might be vulnerable. It is important to be able to recognize possible situations that make a company vulnerable. Knowing all possible significant aspects of any liability associated to the type of business an owner wants to participate in is vital. A business owner should always understand and have working knowledge of all laws that apply to your business to prevent liabilities. Personal Business Venture My future personal business venture would a clothing line for curvy women. As a curvy woman, it is very difficult to find non-geometric, non-tent like, flower patterned, ugly business and casual clothing. The best business organizational form for this business would be an LLC….

Business Law Court Paper Assignment

On November 5, 2008, I came to observe a proceeding in the King County Superior Court where the judge’s name was Shaffer Catherine. I did observe the closing arguments and the jury’s motion to the case in a criminal proceeding where subject of the case was assault in the second degree. Mark Alan Bell, as the defendant in the observed case, was charged with second degree assault for punching a man named Jesse Gill at a wedding reception, and eventually knocking him down to the ground. Bell was alleged to have punched Gill because the latter was then sexually harassing women at the wedding reception. Gill, with all freedom, also alleged to have harassed Bell’s wife and in return he…

Forms of Business

The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. Sole proprietorships own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, you are one in the same with the business. Advantages of a Sole Proprietorship • Easiest and least expensive form of ownership to organize. • Sole proprietors are in complete control, and within the parameters of the law, may make decisions as they see fit. • Profits from the business flow-through directly to the owner’s…

MCGEE Cake Company

Introduction The McGee Cake Company has been in business since early 2005. The company is a sole proprietorship. They produce a variety of full line cakes and other cake including cheesecake, lemon pound cake, and double-iced, double-chocolate cake. In the past several years, the company has experienced sales increases due to features in magazines and this led to the company receiving orders from all over the world. Doc and Lyn McGee both had regular jobs and formed the company mainly due to outside interest. However, with the increase in sales and demand for their product worldwide they both quite their regular jobs and hired additional staff to handle the influx of the recent demands. The company still faced issues with…

Corporations

CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation, that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms is the limited liability of its owners. Corporate shareholders normally are not personally liable for the obligations of the corporation beyond the extent of their investments. CORPORATE TAXATION Corporate profits are taxed, and do not receives tax deduction for dividends distributed to…

Business law definition

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