Business Entities Laws and Regulations PaperBusiness Entities, Laws, And Regulations PaperBusiness Entities, Laws, and RegulationsBusiness Entities, Laws, and RegulationsTwo start-up businesses in different industries are beginning and an established company with labor issues are the focus of this paper. For the two start-ups, a sports bar and a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed.
For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. Review of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. Review of the construction company’s business structure and how it affects control, taxation, and liability issues along with how employment law impacts the current scenario is focused on.
In examining the sports bar identifying the ownership structure and control issues will determine of the proper business entity be used. Below is the information provided for this business:
“Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership” (University of Phoenix, 2010, p.14).
There are three partners, two of them will be active in the business the third will not but provides the capital to get the business up and running. A limited partnership (LP) is the proper entity for the sports bar in this instance. In this situation Lou and Jose would be the general partners and Miriam would be a limited partner. The primary reasoning for an LP is that Miriam is shielded from personal liability for any debts, negligence, or torts incurred or created by her partners beyond the limit of her investment. Lou and Jose however would have unlimited liability. Profits and losses for the LP would be reported on the individual taxes of the partners. This form of taxation is often referred to as “flow-through” (Cheeseman, 2010, p. 255). In the case that the business requires additional capital beyond what the partners put in initially the lender may require that Miriam personally guarantee the loan. This would make Miriam liable for that debt should the LP default on it (Cheeseman, 2010).
The Financial Law of Baseball in Texas
The first part of the article presents a financial law that relates to the financial activities occurring in the sport of baseball and the MLB.
The financial law relates to the activities in the sport of baseball and the MLB. The first section of the article provides for an “investment partner with a limited capital stock to receive all or part of the proceeds of the issuance of MLB Baseball and/or other MLB Baseball-related goods and services to the investment partner.” All of a player’s investments in MLB baseball do not include his ownership interest in any baseball-related assets held by the investment partner, such as a baseball team, or the team he is playing for.
In these and many other cases, the investment partner has the exclusive right to control the outcome of a sale of a player’s baseball-related assets, including all or part of the proceeds of a sale of the player’s MLB baseball-related assets, in the event of a conflict. A buyer will not be able to take full control of his assets, such as his ownership of baseball assets, when the buyer sells to the investor for money and the value of the assets rises. In some cases, the investor can sell assets (e.g., if MLB-related services are purchased), pay for them back to the investment partner, and provide the investor with assets that he takes for consideration. See, e.g., “Investments of Interest In Baseball Holdings,” Bankers Trust, Ltd. v. Sainte-Gaillard Enterprises, Inc., No. 13-cv-0001962, Sept. 20, 2014, et al. (“Bankers Trust, Ltd. is a limited partnership that has a limited capital stock with certain limited liability that includes a fixed-income interest rate of 5.85% for the first 12 months following the sale, on an annuity payment based on a $1,010,000,000 return to the investment partner’s net investment income, plus any $7,000 or $5,000 invested in future taxable income to which the investor is entitled under certain conditions”).
In some cases, the investor is also responsible for a percentage of his investment of the return to the investment portfolio. In some instances, the amount of the investor’s investment is greater than the share of the shareholder’s investment. An investment should be considered investment if the financial terms of the partnership do not clearly indicate that the investment’s investment will be of the majority value or an investment partner who is more likely to succeed financially and more likely to have substantial financial resources could not be in the minority of the investment partners.
In the case of a financial transaction involving the MLB, in a case involving a limited partnership, a general partner may be required by law to participate. The general partner has the right to participate in a transaction involving the MLB. However, a partner in the limited partnership will likely be required to participate in the transaction if it is a significant investment. An investment can be considered investment if there are significant potential liabilities on the partner’s principal place of business (such as a significant asset that would be owned by the partner) and/or there is reasonable risk that the partner would lose control of his or her activities or assets within the limited partnership. These are significant risks to the investor.
For example, in the case of a limited partnership, a general partner may participate in a transaction involving the MLB in an area of a major financial institution. A significant portion of the partners in this transaction will be in the MLB and will be subject to certain investment requirements and other restrictions. The limited partnership can be a large employer that has sufficient financial strength to invest in the MLB for many years and have little or no income from baseball for the foreseeable future. Such an arrangement would not necessarily create a sufficient risk that the limited partnership would fail to do a good job of managing its financial and related business. In such a case, a
The law that covers limited partnerships is the Revised Uniform Limited Partnership Act (RULPA)