Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Law cases related to partnership business
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Law cases related to partnership business
A partnership can help or break your company. As a business, you have to be committed to your contract and they have to be committed to their contract. Once you begin a partnership, you and the company need to have a mutual agreement about where you want to be and go. It is best to go by the rules and when you go by the rules, you do not have to worry about any other issues at hand. A company should not lie to save themselves. If they see issues in the business, then they need to find ways to fix it. A company must be honest about the choices that they make or there will be problems in the future. Companies that form partnerships with other people must stick to the contract because it is a part of your partnership. The trust of another company is important and if it is broken then you and the company could be in serious jeopardy.
A business that I would like to pursue is my own writing company, where I will do books and magazine. As an owner, I know that it is hard to write a book as well as put out a magazine that no one knows about. If I want to have a good and profitable business then I need to think about the structure. I want the company to work like any other business. I want it be productive and organized. I would like to get all of the business and legal issues straightened out before my business opens its door.“Employees learning and development are influential for the value and promotion activities to improve the organizational employees skills and abilities in working organizations (Ulf Haq, I., & Ghayyur, M. (2014).”The problems that I have are the personal liability exposure. I was a partner, but not a general partner, in a business that breached their contract. I felt as though this would always haunt me, but a pers...
... middle of paper ...
...ss services
from a buyer's perspective using multiple case study evidence. International Journal of Operations & Production Management, 31(6), 648-685. doi:http://dx.doi.org/10.1108/01443571111131980
Roberts, C. L. (2008). A commonwealth of perspective on restitutionary disgorgement for breach
of contract. Washington and Lee Law Review, 65(3), 945-991. Retrieved from http://search.proquest.com/docview/613751952?accountid=32521
Seaquist, G. (2012). Business law for managers. San Diego, CA: Bridgepoint Education, Inc.
Ul Haq, I., & Ghayyur, M. (2014). Impact of organizational training on the investigation officers'
investigatory skills: A case study of federal investigation agency regional headquarter peshawar. International Review of Management and Business Research, 3(1), 1-11. Retrieved from http://search.proquest.com/docview/1496062671?accountid=32521
Partnership – “A legal entity formed by two or more co-owners to operate a business for profit.” (Longenecker, Petty, Palich, Hoy, Pg. 202) In a partnership, the advantage for the owners is the capability to reduce the workload and the financial burden, especially if each partner has management skills that enhances the business. The disadvantages of a partnership such as personal conflicts and leadership expectations, therefore this organizational form should only be chosen once all other options have been considered.
Stojkovic, S., Kalinich, D., & Klofas, J. (2008). Criminal Justice Organizations: Administration and Management (4th edition). Belmont, CA: Wadsworth/ Thomson Learning, Inc.
The five different types of power cannot be implemented in every unit; instead different policies need to put in place within different units for effective administration power. According to Tifft (1978) different units of a police force permit different types of power to be developed (Stojkovic et al, 2008). Coercive and legitimate power can be observed in a patrol sergeant because the unit’s specific duties, whereas a tactical unit shows extreme levels of referent, expert, and legitimate power due to the unique structural design and activities (Stojkovic et al, 2008). For example, in a police agency detective units would benefit greatly if sergeants had previous experience in the unit, due to the fact that expert power and knowledge is essential to the sergeant’s role (Stojkovic et al, 2008). Since knowledge of methods of common crimes gives the sergeant necessary information that is valued and respected by subordinate detectives, it is essential for police administrator to implement people in the unit who have had experience as detectives (Stojkovic et al, 2008). Thus, the social bases of power differ between organizations and structural characteristics affect the s...
Several effective strategies exist to minimize or end ethical violations within law enforcement or correctional organizations. In many agencies an internal affairs division established, to monitor unethical acts conducted by an officer. A strong internal affairs division and other watchdog groups help officer’s stay free of dishonesty and wrongdoing. Many agencies have also started to conduct intensive background checks and psychological screenings to weed out individuals with anti-social personalities (Lawrence, 2015).
In the world we live in today lawsuits are prevalent and being sued by someone could cause the business to fold. It would be wise for one to obtain all the knowledge before starting a business and it is a reason why people use the term “knowledge is power” (Clarkson & Miller, 2012). As individuals, when we lack knowledge we perform practices unknowingly which could lead to major lawsuits. Ownership of a business can be formed as sole proprietorship, partnership, or corporation. Potential great profit is the reason most people want to start and some do start corporations. One must have knowledge, and understand business law in order to have a positive outcome with operating an organization (Clarkson & Miller, 2012).
...al Development in Small Police Departments. International Journal of Police Science & Management, 13(3), 243-254. doi:10.1350/ijps.2011.13.3.228
In such situations, the buying industry often faces a high pressure on margins from their suppliers. The relationship to powerful suppliers can potentially reduce strategic options for the organization.
Harry W. More, G. F. (2012). Organizational Behavior and Management in Law Enforcement 3e. Upper Saddle River, NJ: Prentice Hall.
Starting a business can seem like a daunting task, when really there is a systematic approach that an entrepreneur can take to setting up a business. There are many factors to consider when setting up a business structure; these factors include start up cost, operating costs, liability, and taxation. A business owner will also want to look at whether or not they may want to expand in the future, which will also play a factor in what type of business they should set up. This paper will look at the advantages and disadvantages of sole-proprietorships, partnerships, limited liability companies, and corporations. As well as look at what courts can do if a business operates outside the scope of accepted business practice. There is no “one size fits all” company structure, which is why a potential business owner needs to look at and evaluate all the different options before choosing a type of business to set up.
One problem anyone is going to have in just about any industry is the amount of inventory to keep at warehouses. If there is too much inventory, then high costs will become a problem and hurt your bottom line. At the other end, if you try to save too much money by keeping inventories dangerously low, it may create stock-outs. These can infuriate your clients
With the rise of the economy, consumers have become more and more knowledgeable on selecting their favourable product as a result the organization cannot focus on what it sells but on the side focus on what the customer wants to buy.
Before a partnership formation is imminent, the business needs to decide on which type of partnership to form. There are three types of partnerships: (1) general partnerships, (2) limited partnerships, and (3) joint ventures. All three partnerships contain two or more owners, but all partners assume equal division of ownership, liabilities, and profits in a general partnership. Limited partnerships offer limited liability protection based on each partner’s contribution percentage. Joint ventures are classified as general partnerships with limited existence periods. Once a type of partnership has been determined, the business fulfills a series of requirements before the partnership can be successfully formed. The first step is to register
... management ande-procurement: creating value added in the supply chain”,Industrial Marketing Management, Vol. 33 No. 2, pp. 219-26.
Jacobs, F. R., & Chase, R. B. (2011). Operations and Supply Chain Management 13th Ed. New
Many businesses are formed as partnerships. There are actually several different types of partnerships, including limited liability partnerships.