Bus/415 Legal Issues Final Research Project Paper

Business Entities and the Impact of E-Business on the Global Legal environs Business entities be an nonionised group of people who observe together for a gainful or charitable purpose. In todays tune world, there ar a number of ship force outal in which to legitimately drum and structure a line of business. wangle unspoiledy choosing and creating the correct legal entity result ultimately have a huge impact on the success and profitability of the business venture. The basic causes of business organizations accept mend proprietary, general partnership, circumscribed partnership, corporation, and [the] limited liability smart set (Cheeseman, 2004, 605). Learning team up C will examine and dispute three of these business entities. Various Business Entities and E-Business Examples Sole Proprietorship The most unequivocal type of business entity, sole proprietorships, are owned and managed by 1 person as his or her personal place and wherefore considered one legal entity. This entity is operated under the persons own line or registered under an assumed or trade invoke besides known as Doing Business As (DBA) (Cheeseman, 2004, 607). When creating a sole proprietorship there are no formalities and no federal or state approval needful from the government. in operation(p) costs are also low and the proprietor preempt run the business from whatsoeverwhere. The only requirement whitethorn be from a local government level to accomplish a business license.

Personal liability of sole proprietorship As a sole proprietor, any number of employees can be hired, with their paid wag es and different business expenses deducted! on the owners personal tax return. Consequently, the owner is accountable for business meshwork and losses, which means that should the business fail, creditors can legally go by and by the owners personal assets (Barnes, Dworkin, & Richards, 2006, 450). In addition, the owner of the business cannot betray shares of the business to gain outside funds. at that place are no specific... If you want to get a full essay, tell it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper