Pros and cons of main types of business organizations

Assignment Help Business Law and Ethics
Reference no: EM13862586

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.

Verified Expert

Reference no: EM13862586

Mythos plans to climb mount zeus

3. Aristotle Mythos is having a "mid-life crisis," in large part because he is 50 years old, and he realizes that most people do not live to be 100. In an attempt to conq

Explain the various aspects of the plain view doctrine

Explain and debate fundamental Supreme Court cases associated with criminal procedure. Define and describe Constitutional laws and the court procedure. Explain and debate fund

What type of rule may the cpsc issue for atvs

According to CPSC staff, children under the age of sixteen accounted for roughly half the deaths and injuries associated with this product. What type of rule, if any, may th

Explain the important role of strategic planning

What is the impact of globalization and the Internet on the corporate world? Explain the important role of strategic planning in today's competitive business world in light

What action will he be required to take by law explain

What action will he be required to take by law? Explain. You will need to fabricate the details or at least address multiple possibilities for this case. How does dicretion co

What should an anti-harassment policy say

What should an anti-harassment policy say? What are important elements of a complaint procedure? Is a complaint procedure adequate if employees are instructed to report haras

Analyze the importance of production planning

From the e-Activity, analyze the importance of production planning and scheduling within an organization. Suggest ways the schedules could have been created more efficient and

Discuss the pros and cons of mandatory sentencing

Define mandatory sentencing. Discuss the pros and cons of mandatory sentencing. Provide your opinion of whether or not you agree with mandatory sentencing provisions. Examin

Reviews

Write a Review

 
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