Business Entities, Laws, And Regulations

Business Entities, Laws, and Regulations BUS/415 February 6, 2012 Business Entities, Laws, and Regulations When go forthing or consort a credit line, owners face some(prenominal) challenges such as choosing guardedly whom they hire and several liability issues. They also arrive at many choices to curb like where and how to establish the type of business entity to become, and what kind of requirements they need to hire the right people. The choices the owners relieve oneself can make or break their companies. Business owners who are aware of each business law and regulations hold in great potential of their coif becoming safe and successful. This news report impart mensurate the scenario of tierce businesses, a sports bar, a birth clinic, and a constructions company. In addition, the paper entrust cover employment laws and regulations with which each business essential follow when making important decisions. Scenario One (Restauran t/Bar) Jose and Lou postulates to escaped a sports bar and restaurant. The two do not have lots money to stay put started. Miriam does not have time to start or run the business except does have the money. She wants to submit capital to start the business, and wishes to receive a percentage of ownership.

In this scenario the business that will best befit this establishment is a manager-managed Limited Liability Company (LLC). Jose and Lou will perform as managers and manage daily business operations. Miriam, on the other hand, will be a nonmember who has no bind of the business unless the operate agreement states otherwise (Cheeseman, 2010). According to! Cheeseman (2010), when public presentation has an LLC, the giving medication measurees the entity as a partnership unless the LLC chooses to have the government to valuate them as a corporation. Therefore, the government does not tax an LLC at the aforementioned(prenominal) level as an entity, but an LLCs income or losings to each owners individual income tax returns. This bearing each LLC member avoids double taxation (Cheeseman, 2010). Owners of...If you want to get a full essay, order it on our website: BestEssayCheap.com

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