Business Law Discussion
Second only to the sole proprietorship, the partnership is among the oldest of business entities to develop. By the time of the development and implementation of the English Common Law in the 16th Century, the law of business partnerships was already highly developed. This was the case despite the fact that a majority of partnership business owners were illiterate.
In businesses that involve numerous members of the same family, the preferred business choice of conduct is the partnership. What advantages may occur for the family members by conducting business in this form? Can you think of any potential problems that may occur when family members conduct business in the form of a partnership? Would the other business entities of sole proprietorship or incorporation fare any better? Explain your reasons.
Business Law Discussion
What new and innovative mechanisms, laws or practices could corporate America put in place to address the corporate misconduct that we often find in the news? Can you think of any protective practices that the corporation could include to better protect against deceptive and destructive business practices of bad corporate officers?
Reference hii text in both please
Beatty, J. F., & Samuelson, S. S. (2007). Business law and the legal environment (4 ed.). Mason, Ohio: Thomson/West.