Conducting great business with pie and pastie factory

Assignment Help Business Law and Ethics
Reference no: EM133331043

John has been conducting a great business with a pie and pastie factory. He is now making $300,000 in profits each year but has a big income tax bill.

He would like to expand the business and needs $200,000 to buy more pie making machines.

He is not sure whether he should setup a company and issue 200,000 shares to his friends, or else setup a company with himself as the only shareholder and try to get a bank to lend $200,000 to it.

Boris, his friend, suggests that he could provide $200,000 but only if they form a partnership. Boris suggests that future profits should be shared 40% to John and 60% for Boris as Boris is putting in a significant amount of capital.

Explain the advantages and disadvantages of these alternatives.

Reference no: EM133331043

Questions Cloud

Discuss the growth in health care expenditures : Describe the size of the U.S. health care industry in financial terms, and discuss the growth in health care expenditures. Describe the role of the gatekeeper.
Organization in completing fraud and loss investigations : How important are professional designations/organization in completing fraud and loss investigations?
Constitute wrongful interference with john legal rights : Does the placing of Stella's tables and chairs near her shop constitute a wrongful interference with John's legal rights?
Money and possessions and went to jail for crimes : Why might the premise that means justify ends lead you to return the pills? Madoff gave up most of his money and possessions and went to jail for his crimes.
Conducting great business with pie and pastie factory : John has been conducting a great business with a pie and pastie factory. Explain the advantages and disadvantages of these alternatives.
Accurate statement concerning torts of assault and battery : Tort law has adopted broad definition of "intention" because, in balance of interests, Which is most accurate statement concerning torts of assault and battery?
Significant procedural rules governing civil litigation : Discuss the significant procedural rules governing the civil litigation process. Discuss the ways disputes in standard business transactions can be resolved.
Respect to undue influence and fraud in case : What were the critical factors identified by the court with respect to undue influence and fraud in this case?
Employees vaccine records : Should it be legal for non-government employers to monitor their employees' vaccine records? Explain and support your response with legal research.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Discuss the anticipated trends in dealing with offenders

Through your research, what do you find are the serious issues and trends in working with offenders with mental disorders? Discuss the anticipated trends in dealing with offenders with mental disorders

  What types of substantive changes do you currently see

What steps should a person take to prepare themselves for working in this field of criminal justice? What types of substantive changes do you currently see occurring or foresee occurring within this field of criminal justice

  Ensure that your responses are at least 1-2 paragraphs in

ensure that your responses are at least 1-2 paragraphs in length for each question.nbsp you may include examples from

  Which regulations have been effective and which have not

What remedies have been implemented and what has been the outcome? Which regulations have been effective and which have not? What solutions would you propose to improve the business environment of investment banks?

  Discuss the legal environment

Discuss the legal environment (i.e., policies, regulations, and laws) and its impact upon how an organization (e.g., business, government agency, nonprofit) ensures the confidentiality, integrity, and availability of information and information sy..

  What significant issues do you think exist with regard to

primary task response within the discussion board area write 500-750 words that respond to the following questions with

  Does the government have a role to play

Do you think executive compensation in its various parts (i.e., salary, stock options, severance packages) funded at the current level is unethical

  Wage discrimination - how is it attempting to address it

Guangdong University - What issue is the legislation attempting to address? How is it attempting to address it? Is it fair to employers? Why or why not

  Does the ama statement of ethics address the issue

Does the AMA Statement of Ethics address this issue? Go to marketingpower's website and review the ethics statement.

  Which type of organization would be least favourable

Margo, Sanjita, Brian and Juliette have just completed their post graduate certificate in Event Management. Which type of organization would be least favourable

  Leaving the keys in the ignition

Halloween Day, Christine Narvaez drove her automobile onto the parking lot of a busy supermarket. Narvaez had her 2-year-old grandchild with her. The youngster was riding, unconstrained, in a booster seat. Narvaez saw a friend and decided to stop for..

  Intensive supervision is new concept for probation

Halfway houses are an additional form of punishment to be used in lieu of incarceration. Intensive supervision is a new concept for probation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd