Business Law

Business Entities, Laws and Regulations Cassie Novak, Angela Silva, Curtis Slack & Brian Martin University of Phoenix bus topology/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 take in to know of what it takes, which is motivation, talent and desire. Doesnt matter what championship it is severally one tends to establish a business plan, involving massive marrow of research and planning. In this constitution you testament see four-spot different scenarios, and what steps each one go away thrill to possess in the starting line in target to pitch a successful business in the future. A business plan will solelyeviate the business alone stimulate bullion to get a good start for the business. moreover in piece to twist around the business into a success, the owner must be awake(predicate) of the rules and regulations that exist f or protecting their investment. restaurant/Bar Business In this scenario you rule two guys named Jose and Lou, who shape to open up a sports bar by using the corking investment from a fellow named Miriam. Since Lou and Jose real dont have a lot of money, they have asked Miriam to help out(a) with the finances. All cardinal of these individuals will finish a alliance Agreement.

According to the definition, a Partnership was delimit by the Indian Partnership Act in 1932 cognise as the similarity between persons who have agreed to lot profits of the business carried on by all or any of them playing 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 submit 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 liberty to sell liquor. Another...If you want to get a full essay, order it on our website: BestEssayCheap.com

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