Business law -content– Pick four of the categories below. Think about items around your household or workplace and choose a product (or advertisement for a product) that falls within each of the categories you selected. (1) Tell us the product and (2) the company that creates that product. Research the history of that company and then tell us (3) the type of entity of the company when it first started and (4) the type of entity of the company today. Lastly, (5) tell us why you think the owners decided to change, or not to change, the type of entity for the company. (i) Furniture (ii) Clothing (iii) Food (iv) Personal Care/Grooming (v) Professional Services (such as repair, tax advice, legal advice, medical care, etc.) (vi) Mobile/Computer Device LEARNING ACTIVITY 2: (A) Think of a business you would like to own someday. Describe that company. Which type of entity would you choose to conduct business operations for that company, and why? (B) John approaches his friend Kevin and offers Kevin 50 percent of the profits from his new online venture if Kevin designs the Web site for the venture. Kevin says nothing, and later that night begins work on the Web site, which he then sends to John for his approval. Have John and Kevin formed a general partnership? Why or why not? (C) Henry Ford (Ford Motor Company), Ray Croc (McDonald’s), and Levi Strauss (Levi’s) were all entrepreneurs who decided to incorporate their businesses and in doing so created long-lasting legacies that outlived them. These entrepreneurs were motivated to incorporate even though incorporation meant giving up control of their companies. If your business was already successful, what considerations would be important to you in your decision whether to incorporate that business? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT

2016-09-21