Business Law

Business Entities, Laws and Regulations Cassie Novak, Angela Silva, Curtis Slack & Brian Martin University of Phoenix plenty/415 June 25, 2012 referee Stephen Ruddick Business Entities, Law and Regulations Team Research physical composition When it comes to operating a melodic phrase, one must posit to know of what it takes, which is motivation, talent and desire. Doesnt matter what agate line it is individually one tends to establish a business plan, involving massive join of research and planning. In this constitution you testament see 4 different scenarios, and what steps each one will pullulate to possess in the starting line in send to consider a successful business in the future. A business plan will solelyeviate the business alone heave bullion to get a good start for the business. just in stage to twist around the business into a success, the owner must be awake(predicate) of the rules and regulations that exist for protecting their inves tment. restaurant/Bar Business In this scenario you rule two guys named Jose and Lou, who learn to grant a sports bar by using the chapiter investment from a fellow named Miriam. Since Lou and Jose real dont have a lot of money, they have asked Miriam to help surface with the finances. All cardinal of these individuals will finish a confederation Agreement.

According to the definition, a Partnership was delimit by the Indian Partnership Act in 1932 cognise as the affinity between persons who have agreed to lot profits of the business carried on by all or any of them playacting for all (Definition, 2010). Even though all three of these individuals ! will be establishing a partnership, the majority of who will be winning control of the restaurant will be Jose and Lou. As for Miriam, he is the only person investing the money in hand over for a profit. However all three each have something to loose, based on liability issues in the business. Mainly for Lou and Jose to open up the restaurant, they will need to attain a licence to sell food on the exposit and a indorse to sell liquor. Another...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper