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Explain why establishing an LLC as a business entity would be a good choice…. how it can be setup….and what advantages it brings to the LLC members?
Who is the plaintiff?
Who is the defendant?
When was the case heard?
In what court jurisdiction was it heard?
What Supreme Court summary volume houses the case information?
What information is displayed by the notation 397?
LLC- LIMITED LIABILITY COMPANY is a type of business entity which a small business can think to incorporate. A LLC is much flexible than other legal entities. The laws for LLC are flexible and are formulated to provide small businesses a comfortable platform to work.
Forming an LLC for your business is advantageous because of -
LIMITED LIABILITY : Unlike the sole proprietorship and partnerships, the LLC's are considered as a separate entity from their owners. This means a LLC is responsible for its own assets and liabilities and treat the owners separately.
LLC form their foundation on the basis that the company and the person are two different entities. Hence the owner will not be liable to pitch in his personal assets to pay off the liabilities.
LESS COMPLIANCE BURDEN : The corporations have to have the annual general meetings, shareholder meetings, annual reports where a lot of paper is wasted and these compliances turn out as a burden for the companies, whereas LLC does not have such compliances, it does not have to mandatorily conduct the annual meetings, or have such heavy paperwork.
It is not viable for a small scale business to waste too much of resources on such compliances, hence it is made flexible for the LLC in respect of compliances.
LLC is a comfortable business entity for any small business as it provides flexibility in various areas of compliances and many other tax benefits.
PLAINTIFF is the one who brings the lawsuit in the court, one who sues the other person by filing a motion or a case. In easy words plaintiff can be a person who seeks redressal.
DEFENDENT is the person against whom the case has been filed, one who defends himself in the court and proves himself not guilty on the basis of evidences.
Explain why establishing an LLC as a business entity would be a good choice…. how it...
Explain why establishing an LLC as a business entity would be a good choice….how it can be setup….and what advantages it brings to the LLC members?
Please Help me Answer The 3 questions on the Last Page Now !!!!! One more viewpoint of the 6th Amendment to tie it back to the Ist! Amendment from last week. Look at the case summary and facts for Carey v. Musladin, 549 U.S. 70,127 S. Ct. 649 (2006) A defendant in a murder trial is not deprived of his Sixth Amendment right to an impartial jury if courtroom spectators wear buttons showing a picture of the deceased. Facts Matthew...
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n the Ohio case Biddle v. Warren General Hospital, a number of patients brought a lawsuit against Warren General Hospital and a law firm, alleging the hospital unlawfully disclosed patients’ confidential medical information so that the law firm could search for potential Supplemental Security Income (SSI) eligibility for the payment of the patients’ unpaid medical bills. The Supreme Court of Ohio, through the opinion of Justice Resnick, held that (1.) an independent tort exists for the unauthorized, unprivileged disclosure to...
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BUSINESS LAW Please analyze the case "Bozzio v. EMI Group, Ltd." shown below. Write a personal analysis and discussion on case that includes the following: brief intro and relate case to life, explain issue, provide ruling, and elaborate on analysis. Below is an example of response structure as well. Downey v. Bob's Discount Furniture Holdings, Inc._Case in Point 3.4 Text Page 63 by Student 1 - Sunday, August 31, 7:26 AM This case intrigued me because it raised the question...
1. find an article about a product or service that impacts your daily life and write 1 to 2 paragraphs describing the item, how it impacts your life, and what factors you think are impacting the supply and demand of this item. Be sure to include the URL of the article you accessed for this question. 2.What are the ethics of outsourcing? Is a corporation’s primary responsibility to its stockholders, by reducing labor costs? Or is its primary responsibility to...