Business Entities, Laws, and Regulations

Business Entities, Laws, and Regulations
Lauren Kendall
BUS/415
March 19, 2012
Neha Bhatia

Business Entities, Laws, and Regulations Paper
The purpose of this subject is to prep atomic number 18 an overview of crucial information regarding business analysis that give nonice help in the further decision regarding potential run a risk opportunities. When considering an investment it is necessary to evaluate the driving forces that are creating opportunities for emerging success but also the risks from several aspects. Some of these aspects are legal, social, economic, and demographical as well as impact of the infrastructure and technology that are surrounding or impacting job location and operations.
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Akiva and Tara are newly licensed as obstetricians and want to straight-from-the-shoulder a birth clinic to extendher. The will conduct to take taboo a large give to finance their start-up costs. Akivas and Taras best option would be to create a particular(a) liability partnership (LLP) to organize their business. To form their LLP, Akiva and Tara will need to write and file articles of partnership in the state in which they wish to operate (Cheeseman, 2010). If they choose to conduct business in another state, they will first need to register as a foreign LLP with that state.



Organizing their business as a extra liability partnership offers Akiva and Tara the best combination of liability protection, tax benefits, and control of their business.
By forming a LLP, the partners protect themselves from liability beyond their initial capital contribution should the partnership fail or face a lawsuit (Cheeseman, 2010). Members of an LLP are also not personally liable for the malpractice of one partner and states require LLPs to communicate substantial liability insurance in exchange for this especial(a) liability. The limited liability protects Akiva and Tara from being held personally liable for the loan they will take out should the business become...If you want to get a full essay, order it on our website: Ordercustompaper.com



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