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Business Finance

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question 1

List 1: a) Research the advantages and disadvantages of setting up a new business as a sole proprietorship. Investigate sources of funding, ease of formation, liability issues, income tax considerations, management control and transferability of your interest. Do the same type of analysis for the advantages and disadvantages of the partnership form for establishing a new business.

Question2

Please research the rationale behind the passage of the Securities Investor Protection Act of 1970. What was it meant to accomplish? Has it achieved its objective?

Question 3

Please research the Market Reform Act of 1990. Why was this legislation deemed to be necessary? What does it include? Has it been successful?

Question 4

Please answer the ISSUES bit of the case of https://dealboo k.nytimes.com/2011/10/14/ procter-gamble-settles-tradema rk-dispute-with-small-company/. ( just like u have been writing the procedures )

Question 5

Please do a full case analysis for the case of "In re KeyTronics"

These are the topics and laws we looking at this week that need to be applied to the case where necessary.




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Explanation & Answer

Attached.

OUTLINE

1. INTRODUCTION
2. BODY
3. CONCLUSION
4. REFERENCE


Running Head: MANAGEMENT

Ethics and Law
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MANAGEMENT

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Question 1
The sole proprietorship is the mildest form of business, the paperwork, and formalities
for its formation are substantially less than those of corporations, allowing sole proprietors to
open operations quickly and with relative ease. Eminently, the costs required to start up a
running business of sole-proprietorship level is considerably less. In this kind of organization, an
individual owns and manages the establishment; as well he is responsible for all business
undertakings. The proprietor who is the owner of the company is personally liable for all
liabilities and debts accrued by his business. A sole proprietor may have the propensity of
owning the company forever or sell it to bidders whenever he or she ponders it fit. As the owner,
a sole proprietor has the option of giving as inheritance the firm to her or his children. There are
no specific taxes paid by the sole proprietor. The owner pays taxes on income from the company
as part of his income tax payments. Sole proprietors must abide by the licensing requirements in
the states in which they're doing business, as well as local regulations (Belderbos et al., 2014).
Partnership business is an organizational business in which owners have unlimited
personal liability for the activities of the business. The partnership owners invest their time and
money in the corporation, and equitably share any realizable proceeds therein. In reality,
partnership involves situations whereby individual partners of limited category exists and they
pol their financial reserve, however, they are not directly involved in the daily operations of the
scheme. Ideally a limited partner is only held liable for those resources that he or she contributes
for the business. If the partners present are insufficient, it is allowable that an active manager
who is a general partner of the entity be designated; this individual substantially has the same
liabilities as a sole proprietor. With the availability of increased number of the partners of the
general category, the establishment is at an advantageous of securing significant amount of

MANAGEMENT

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capital thus the general partners have consequentially unlimited responsibility for the possible
roles within the partnership as it was the case recognizable with sole proprietorship. The kind of
rapport presents several liabilities which easily allow the existing creditors to demand their dues
from any single partner on the obligations associated with the entire partnership. Luckily these
kinds of establishments do not experience taxation on double stances as it is with corporations.
Instead, earnings flow straight to the owners (Belderbos et al., 2014).
Belderbos, R., Cassiman, B., Faems, D., Leten, B., & Van Looy, B. (2014). Co-ownership of
intellectual property: Exploring the value-appropriation and value-creation implications
of co-patenting with different par...


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