Subject # Business Law & Comprehensive (United States ) Q1. Assume you are starting your own business as a sole proprietorship. What are some of the legal requirements you would be interested in...

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Subject # Business Law & Comprehensive (United States ) Q1. Assume you are starting your own business as a sole proprietorship.  What are some of the legal requirements  you would be interested in researching?  Obviously, there are many areas of interest to a business person including personnel, taxation, insurance, liability, and filing requirements.rThe more discussion and or description you post the more we learn.  Q2 Generally, we can determine that the sources of our laws come from the three branches of government: Executive, Judicial and Legislative.  Our highest executives in the Executive Branch for the federal government is the President; the Governor for the state; the County Judge for the county and the Mayor/City Council in the city.  They preside over a significant number of federal, state, county and city agencies and departments.  All of these agencies and departments have been given the power to issue rules and regulations affecting their subject matter jurisdiction.  For example, EPA has been given the power to issue rules and regulations affecting water, air and waste.  Similarly, a county health department has the power to issue rules related to health like issuing licenses to restaurants.  On the other hand, the Judicial System creates principles of laws through case decisions or developing common law.  Finally, the Legislatures creates laws and regulations by passing bills.  For this week's posting, please select any law, regulation, case decision or legislative act.  Then, tell us where to find your selection and describe its purpose and anything else you may want to share with us about your selection.
Answered Same DaySep 01, 2020

Answer To: Subject # Business Law & Comprehensive (United States ) Q1. Assume you are starting your own...

Ritika answered on Sep 02 2020
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Business in United States accounts to mostly small business types or what is better known as sole proprietorship. With nearly three-fourths of the millions of business comprising of this type, it is interesting to know that this is one of the first choices of people when it comes to initiating business and running their economy towards positive growth. Sole proprietorship kind of business is the simplest and even least expensive one as the legal expenses involved are very minimum. There are lesser and no complex tax structure present which do not interrupt management decisions.
The research for the sole proprietorship kind of business makes sure that the personal liability for all debts are available in the business. Another important aspect about this kind of business is even the personal assets are at risk of being part of the legal trouble. Sole proprietorship is also part of the separate tax which is again the easiest and most important part of the business structures that can be...
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