Business Could Be Structured. The Term Paper

PAGES
4
WORDS
1220
Cite

The corporate structure will allow Frank to access capital markets and/or attract investors, while simultaneously allowing him to remain in control of the company. Only the corporation structure offers Frank this flexibility and limited downside risk. Corporations are subject to double taxation, but Frank can use the structure to pay his investors when he needs to. This business will be subject to EPA regulations with respect to the pesticides and insecticides that are used, and there may be city or state licensing involved. Otherwise, only the IRS and the laws with respect to incorporation need be considered. There are significant risks for Frank, most of them financial as the cost of building out such a business is going to be tremendous. There are also risks associated with the use of the poisons in the business, and these will also need to be addressed. The construction company must bear in mind a number of laws with respect to this hiring decision. The least challenging is Nick. While the company cannot discriminate against him because of his epilepsy unless it had reason to believe that he was going to be unable to perform the job safely, he is not qualified by virtue of his lack of experience, so he would not be hired. If Surebuild has fewer than 15 employees, it would also be exempt from the American Disability Act.

Michelle cannot be discriminated against because of her apparent pregnancy, as per the Pregnancy Discrimination Act. Michelle is otherwise qualified for the job. In her situation, however, she may be unable to perform the job because of the

...

Mei-Lin will need to tread carefully, but if she has reason to believe that Michelle cannot physically perform the task, she should not make an offer to Michelle.
Felipe does not speak English. Mei-Lin could refuse to hire him because he does not meet the basic requirements of the job. If the site is generally a Spanish-speaking site, he could possibly be hired. However, there are safety considerations that must be taken into account if the site language is English. Felipe could be unable to perform the job safely until he has better command of the English language.

Eric is an experienced operator but because of his lack of education he does not meet the requirements for the job. Mei-Lin can therefore refuse to offer him a position. The Age Discrimination Act of 1975 does not apply to Surebuild since it does not receive federal financial assistance. The education requirement is not essential to performing the job safely. Therefore, Mei-Lin could overlook his education. Alternately, Surebuild could offer Eric the job contingent on his acquisition of a high school equivalency. If the company did this, no other candidate would be able to claim that Eric was given preferential hiring.

It is recommended therefore that the company hire Eric, contingent upon his completion of high school equivalency. Neither Nick nor Felipe is able to function safely and effectively on an American construction site, due to lack of experience and lack of English respectively. If Michelle is pregnant, she would be physically unable to perform the job. If she is not, she could be a good candidate and she is fully qualified. However, hiring Eric may be the safer option, as Mei-Lin would not need to address the issue of Michelle's apparent pregnancy.

Works Cited:

IRS.gov. (2009). Business structures. Internal Revenue Service. Retrieved November 23, 2010 from http://www.irs.gov/businesses/small/article/0,,id=98359,00.html

Sources Used in Documents:

Works Cited:

IRS.gov. (2009). Business structures. Internal Revenue Service. Retrieved November 23, 2010 from http://www.irs.gov/businesses/small/article/0,,id=98359,00.html


Cite this Document:

"Business Could Be Structured The" (2010, November 23) Retrieved April 25, 2024, from
https://www.paperdue.com/essay/business-could-be-structured-the-6492

"Business Could Be Structured The" 23 November 2010. Web.25 April. 2024. <
https://www.paperdue.com/essay/business-could-be-structured-the-6492>

"Business Could Be Structured The", 23 November 2010, Accessed.25 April. 2024,
https://www.paperdue.com/essay/business-could-be-structured-the-6492

Related Documents

Under this system, "each joint venture partner would separately account for and pay tax on its income and claim the proportionate share of joint venture expenses" (Ernst & Young, no date). Liability is also limited in the joint venture under Australian law. It is worth noting that in this case one part of the joint venture "cannot make the other joint venturer liable for debts that they incur in the

Business Structures Overview -- There are a number of different business structures that are available to the new business owner, or someone purchasing a business. Each different structure has its own set of rules, with each having different tax and legal implications. The choice of which to use is thus based on the type of business, its overall legal liability (e.g. A rafting company vs. A resume service), the number

Business Ethics Business Structure and Ethics in Organizational Behavior Business ethics can also be known as corporate ethics. It is described as a form of professional or applied ethics that helps in investigating ethical principles as well as moral or ethical problems that comes up within different business environment. Its application takes place within every aspects of business conduct and it is always of relevance to the individuals' conducts and the organization

Business Structure Advice
PAGES 2 WORDS 580

Business Considerations for a Business Plan; Structure and Financing Setting up a new business can be daunting; making the right decisions during the planning stages may prevent later problems. Two main issues are whether or not to take on partners and how to finance the venture. This requires consideration of advantages and disadvantages associated with different firm structures and the potential sources of financing that may be available. There choices are sole proprietorship,

In turn, this complexity is driven by an increasing understanding of sustainability, going "green," and bringing ethical and moral philosophy into the business community. Besides increasing coffee outlets globally, Starbucks must count on corporate social responsibility as a key maxim of their production and marketing efforts. The company's "Global Responsibility strategy and commitments…. And the communities [they] do business with, as well as [their] focus of being an employer

Operations Strategy John is a man that has started a small technology service business. He has to relocate his business several times due to growth but he is now experiencing some growing pains and some customer pushback due to delegation issues relating to service time, communication quality and the hierarchal structure of his business. There are some open questions about how he should structure and operate the business going forward including