Business Law (American), how do I do this?

Business Law (American), How Do I Do This?

Answers

Answer 1

1. The legal issues involved in this scenario are:

Formation of a legally-recognized business entityHaving a partnership agreement with your partner.

2. The legal options available include:

Registering the business with your Gen-Z partnerDisengaging with the undocumented partnership.

3. The advisors can continue with your established relationship unless they do not consider themselves incompetent to handle the new developments.

4. If your friend sues for half of the profits based on your past success, it shows that the relationship should have been formalized before then.

However, it seems that you and your partner had been sharing profits before now in some acceptable ratios.

What are the advantages of a formalized business entity?

Numerous advantages are enjoyed with business formalization, including:

Unlimited growthIncreased clienteleLimited liability protectionReduced exposure to government finesBetter marketing and advertising opportunitiesImproved access to finance, business development services, and technologies.

Thus, having reached this relationship stage with your Gen-Z partner, you should formalize the business.

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Related Questions

One advantage of a shotgun over a handgun is the shotgun:

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Answer:

A shotgun (also known as a scattergun,[1] or historically as a fowling piece) is a long-barreled firearm designed to shoot a straight-walled cartridge known as a shotshell, which usually discharges numerous small pellet-like spherical sub-projectiles called shot, or sometimes a single solid projectile called a slug. Shotguns are most commonly smoothbore firearms, meaning that their gun barrels have no rifling on the inner wall, but rifled barrels for shooting slugs (slug barrels) are also available.

Shotguns come in a wide variety of calibers and gauges ranging from 5.5 mm (.22 inch) to up to 5 cm (2.0 in), though the 12-gauge (18.53 mm or 0.729 in) and 20-gauge (15.63 mm or 0.615 in) bores are by far the most common. Almost all are breechloading, and can be single-barreled, double-barreled, or in the form of a combination gun. Like rifles, shotguns also come in a range of different action types, both single-shot and repeating. For non-repeating designs, over-and-under and side-by-side break action shotguns are by far the most common variants. Although revolving shotguns did exist, most modern repeating shotguns are either pump-action or semi-automatic, and also fully automatic, lever-action or bolt-action to a lesser extent.

However, A handgun is a short-barrelled firearm that can be held and used with one hand.[1] The two most common handgun sub-types in use today are revolvers and semi-automatic pistols, although other handgun-types such as derringers and machine pistols also see infrequent usage.

In the days before commercial mass production, handguns were often considered a badge of office, much the same as a ceremonial sword. As they had limited utility and were more expensive than the long guns of the era, handguns were carried only by the very few who could afford to purchase them. However, in 1836, Samuel Colt patented the Colt Paterson, the first practical mass-produced revolver. It was capable of firing 5 shots in rapid succession and very quickly became a popular defensive weapon, giving rise to the saying, "God created men, but Colt made them equal."[2][3] Today, in most of the world, handguns are generally used primarily by police and military officers as sidearms. However, in the United States and some other countries around the world, handguns are also widely available to civilians and commonly carried for self-defense.

Briefly describe the lawsuit. Be sure to identify the compliance issue that led to the lawsuit and note the protected class or classes that were affected.

Answers

Explanation:

perturbateur ( le temps, le lieu, les personnages[description], la victime, l'enqueteur )

les peripeties

le denouement

The enumerated powers of congress and the national government are those.

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The enumerated powers of Congress and the national government are Levying taxes, regulating trade, creating a standard rule of naturalization, establishing federal courts, creating and maintaining a standing army, and declaring war are all among the enumerated powers. This is further explained below.

What is Congress?

Generally, Congress is simply defined as a gathering of representatives from several organizations; often members of a political party, a labor union, or experts in a specific field who have been invited to participate in a series of sessions to debate issues of mutual interest.

In conclusion, Congress stands to check the president.

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Discuss three activities through which local government

Answers

Answer:

education and early childhood education and care

Explanation:

A scientific ___law__ is a statement that explains what always happens under very specific conditions.

Answers

A statement that explains what always happens under very specific conditions is referred to as scientific law.

What is Scientific law?

Scientific Laws describe what's going to take place in a given situation as demonstrable via way of means of a mathematical equation, while theories describe how the phenomenon happens. It explains phenomena that the scientific network has discovered to be provably actual.

Therefore, a scientific law is a statement that explains what always happens under very specific conditions.

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In a mixed market economy, property owned by an individual ….
Can be used by all citizens
Can be run by a city or state
Can help promote personal wealth
Can be used by government workers

Answers

In a mixed market economy, property owned by an individual can help promote personal wealth.

What is mixed market economy?

Mixed market economy is the one that that includes both private and government owned entities in the control of an economy.

This means that both share control of owning and exchanging good in the country.

Hence, In a mixed market economy, property owned by an individual can help promote personal wealth.

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Answer:

C. Can help promote personal health.

Explanation:

What is the purpose of the office of foreign assets control.

Answers

Answer:

The Office of Foreign Assets Control administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers.

I hope this helps =^.^=

If a contract is silent on _______________________, the courts will infer a reasonable time for performance.

Answers

time of performance

3. While seem by some as a way to get rich, the
tax on the poor.
O Lottery
O Credit Card Industry
O Stock Market
Sales Tax
is actually a tax on the poor

Answers

I would check all of them they all do

The interval or amount of space you
leave between your car and the car
ahead is known as
O Gap
Normal
O Interval Distance
Following Distance

Answers

Answer:

following distance

Explanation:

it is the distance between you and the car you are following (the car in front of you)

the distance should be 3 seconds of driving between you and the car in front

To make a sale, fran tells gio that her hyundai kia has never been in an accident. this may give rise to an action for fraud if the statement is:__________.

Answers

To make a sale, Frank tells Gio that her Hyundai Kia has never been in an accident. this may give rise to an action for fraud if the statement is False. This is further explained below.

What is a False Statement?

Generally, a False Statement is simply defined as  Untruthful but non-deceptive statements are known as "false statements."

In conclusion, a False Statement in the context of Frank tells Gio that her Hyundai Kia has never been in an accident or in a case of the transaction is punishable by law

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For a first conviction of operating under the influence of alcohol or drugs, how long can you be imprisoned?.

Answers

Answer:  Six months

Those convicted of operating under the influence of alcohol or drugs will: Be fined up to $500 and imprisoned for up to six months for a first conviction. Be fined up to $1,000 and imprisoned for up to nine months for a second conviction.

Should the united states continue to execute criminals?

Answers

I think yes in my point also but i am also not sure thank you forgive me if i speak more
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