User Account

All Pages

Main types of business entities and defining characteristics

Assignment Help Other Subject
Reference no: EM132448308

Specifically, the following critical elements must be addressed:

1. Describe the main types of business entities and their defining characteristics.

2. Apply product liability law and determine what issues are present. How would you advise your client to mitigate those issues?

3. Apply the elements and characteristics of an agency relationship to Sam's actions. Does Sam's involvement prior to the business formation, as well as his anticipated role once the business is formed, create an agency relationship? Why or why not?

4. Identify potential real property issues based on the location of the business on the family farm. Justify each potential issue.

5. Does the manufacture of Fred's Miracle Cough Syrup on the family farm necessitate a formal transfer of ownership or possessory rights? Defend your response.

6. Identify potential personal property issues based on the use of Sam's personal vehicle to deliver the product. Justify each potential issue.

7. Does the use of Sam's personal vehicle in the course of business expose Sam or the business to any liability issues? Defend your response.

8. Identify potential estate planning issues with regard to the business and the family farm. Justify each potential issue.

9. What estate planning vehicles are available to Fred and Sally should they desire to transfer ownership in the business and family farm, respectively, to Sam and Lilly equally? What are the advantages and disadvantages to each?

10. Applying your analysis of the issues above, which type of business entity do you recommend for Fred's Miracle Cough Syrup and why?

Reference no: EM132448308

Questions Cloud

Discuss their exertion of one of the sources of power : Select four people currently in the media and discuss their exertion of one of the sources of power.
Describe the practice for achieving project scope consensus : Explain the use of a common technique to develop a project scope. Describe the practice for achieving project scope consensus.
Advantages of person-focused and job-based pay plans : Analyze the advantages of person-focused and job-based pay plans to determine which would be least preferable for companies in the technology industry.
What corporate-level strategies is the company pursuing : What business-level strategy does the company seem to be pursuing in this industry? Why? What corporate-level strategies is the company pursuing? Why?
Main types of business entities and defining characteristics : Describe the main types of business entities and their defining characteristics.
Provide a list of stakeholders : Provide a list of stakeholders (e.g., person, department representative) who have influence on buying center decision making and why.
Describe two to three macroeconomic factors : Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.
Explain the spending variance or the volume variance : Which do you think is more important for control of fixed overhead costs: the spending variance or the volume variance? Explain.
How the information is relevant to human resources : Summary explaining your findings and how this information is relevant to Human Resources.Be sure to type in APA format & style and post a reference list.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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