Discuss what legal structure

Assignment Help Business Law and Ethics
Reference no: EM133458594

Joseph, Judd, and Blair have decided to start a business of manufacturing kids' pajamas. Joseph and Judd will each invest $10000 in the business. While they do not want to participate in the day-to-day running of the business, they still want to have an active role in the management. Blair has no money to invest but she has years of experience in making and distributing pajamas.

Blair's son, Thomas also wants to invest $60000 in the business. He wants to have a steady income from his investment. However, he does not want to be involved in the management except directing how his investment of $60000 is spent.

With reference to the Corporations Act 2001 (Cth) and case law,

Discuss what legal structure you would advise for their project: a partnership, an incorporated association, or a company (if a company, provide details on the type of a company) with at least three advantages and disadvantages. Why would you recommend this structure? Provide details.

Reference no: EM133458594

Questions Cloud

Explain customary international law : Explain "Customary International Law" and identify at least two examples of this kind of international law.
Engaged by local enterprise authority : Mr. Baeti has been engaged by Local Enterprise Authority (LEA) as a consultant. He is tasked to carry out a workshop for LEA beneficiaries and the objectives
Was the original dealer estopped from denying : Was the original dealer estopped from denying the rogue's right to sell because it let him have both car and registration document?
Lack of sophistication and limited education : In the Phillips case, the plaintiffs claimed that their releases should be invalidated because of their lack of sophistication, limited education,
Discuss what legal structure : Discuss what legal structure you would advise for their project: a partnership, an incorporated association, or a company
Family and medical leave act : List the family-related occurrences that are covered under the Family and Medical Leave Act (FMLA).
What kinds of promises should be enforced by government : What kinds of promises should be enforced by the government? I thought about matters related in banking, for example.
Explain whether the corporations act : Explain whether the Corporations Act enables the liquidator of the Johnson manufacturers Pty Ltd to recover any money from the managing director
Hotel current electrical system : Miller Electrical ran into an issue that delayed them from connecting the new space to the hotel's current electrical system.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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