Discuss pros and cons of main types of business organization

Assignment Help Business Law and Ethics
Reference no: EM131134185

Your Supervising Attorney P. Strami and his associate Hammond have been called out-of-state to consult on a high profile case. Mr. Strami has recently hired attorney Mable Bacon, as she has a great legal background in Business Law. P. Strami has briefly scribbled the following information on a sheet of legal paper and indicated that you, as lead paralegal, could help Mable research information to present to the Cardigans upon P. Strami's return to the office.

Dear Mable and Paralegal:

The Caridgans want to expand their business ventures. Cora and Caley have discussed the idea of operating a home décor store with the Cardigan family logo on the goods. The idea behind this type of business is to advertise goods that will make consumers feel that their homes represent a Cardigan lifestyle. The Cardigans cannot decide what to name their new business, as it is so different from their usual business variations of clothing and sweaters. Some of the names they have come up with include Homigans Fine Home Furnishings and Cardihome Furnishings.

Mable Bacon has come to you as the office's lead paralegal and asked for you to research the best type of business that would meet the needs of the Cardigans.

Using the facts P. Strami provided above, Ms. Bacon would like for you to prepare a 2-3-page double-spaced memorandum to Attorney Strami and her in size 12 Times New Roman font discussing the following in the order presented:

• Discuss the pros and cons of three main types of business organizations (sole proprietorship, partnerships, and corporations) and determine which would be the best type for the Cardigans.

• Research the names that the Cardigans have suggested and determine whether or not these would be wise choices for their proposed business. Indicate what issues may be present if they use either of these names.

• Using your state's laws and depending on the type of business you have recommended for the Cardigans, determine what types of filing requirements Cora and Caley will need to fulfill.

Checklist before Submitting Your Assignment:

• Read the question and what is being asked of you twice.

• Structure your Assignment in Memorandum Form.

Reference no: EM131134185

Questions Cloud

How do customers feel about our brand : Too frequently, businesses approach research studies as fishing expeditions, framing vague questions like "How do customers feel about our brand?" or "What are best practices in sales?"
Define what is meant by term alternative dispute resolution : Define what is meant by the term, Alternative Dispute Resolution (ADR) and discuss the differences, advantages and disadvantages between arbitration and mediation.
Purchase of common treasury stock for cash : Palmaro Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock.
Analyze other hybrid forms of alternative dispute resolution : Analyze other hybrid forms of alternative dispute resolution (ADR) that are available and should be considered if negotiations fail to produce a settlement.
Discuss pros and cons of main types of business organization : Discuss the pros and cons of three main types of business organizations (sole proprietorship, partnerships, and corporations) and determine which would be the best type for the Cardigans.
Are employee turnover and absenteeism low : Are company objectives and goals measurable and well communicated? Do managers at all hierarchical levels plan effectively? Are employee turnover and absenteeism low? Are organizational reward and control mechanism effective?
Provide a definition or relevant criminal justice example : Provide a definition or relevant criminal justice example/application to any (or all) of the terms listed here. You may use a separate post for the terms you choose to define/explain.
Explain the summary of biblical principles of government : Explain a summarization of biblical principles of government, leadership, and statesmanship relevant to founding a natio and an application of those principles to the decisions and actions of George Washington and Patrick Henry.
Why should one begin case analysis with financial analysis : Why should one begin a case analysis with a financial analysis? When are other approaches appropriate? When should you gather information outside a case by going to the library or using the Internet? What should you look for?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Connie decided against committing suicide

Fortunately, Connie decided against committing suicide. Unfortunately, not until after she had already closed the trunk. The Ford trunk did not have an internal release latch or other emergency opening mechanism. And these were the days before cell p..

  Write a paper on should unpaid internships be illegal

Write a paper on Should Unpaid Internships Be Illegal.

  Focusing on the goals of private businesses

Focusing on the goals of private businesses, and the goals of lawmakers for economic progress and economic security, select one example private-sector industry, describe the general business goals by using information on the web sites of one or tw..

  Question the trainer showing that for manufacturing firms

question the trainer showing that for manufacturing firms using an absorption-based accounting system managers and ceos

  Discuss tort of negligence and how it applies to our facts

Discuss the tort of negligence and how it applies to our facts. Discuss the duty of the storeowner to protect customers from harm

  Theories which are used to explain criminal behavior

In a 1-2 page well constructed essay, discuss the major differences between the various theories which are used to explain criminal behavior? What theory in your opinion best explains this

  Explain active disease and non-active disease

Distinguish the notion of "active disease" and "non-active disease" as the law defines these terms. What are two philosophical arguments of your own to support the position that, really, no justification exists to make this distinction except to ..

  A retail outlet of a large sporting goods company

Marsha has recently been hired to work in sales at a retail outlet of a large sporting goods company. Marsha receives a base salary and a bonus depending on the amount of sales that he makes in a month. She earns a bonus in any month that her sales a..

  Briefly show the importance of the above mentioned two

briefly show the importance of the above mentioned two laws and acts.is there anything you thing should be done to

  Have you violated any laws by your actions or inactions

You have worked at this organization for over 10 years and feel totally unappreciated. Have you violated any laws by your actions or inactions? Have you made any ethical violations? Explain

  How does pornography affect the average us citizen

How does pornography affect the average U.S. citizen? Should our government protect us from being exposed to pornography? If so, why and in what ways? If not, why not

  Discuss the features of the clinton health care reform plan

Discuss the features of the Clinton health care reform plan and provide reasons why it failed and describe the influence of the various interest groups and governmental entities during this process, Discuss the context of this legislation -..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd