Choosing the form of business to create is one of the most important decisions an enterprise makes. The extent of liability and control the owner will have depends on the form of the business.
Respond to the following in a minimum of 175 words:
Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form. Address the regulatory and financial statement differences of each form of business.
DISCUSSION 2
Consumer laws were established to protect purchasers of goods and services.
Respond to the following in a minimum of 175 words:
What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?
Consider 1 of the following sections of the Federal Trade Commission Act:
Deceptive Advertising
Labeling and Packaging Laws
Sales
Regarding the section you chose, provide an example of when a deceptive practice has been used in business and the consequence(s)for the deceptive practice.
DISCUSSION 3
Respond to the following in a minimum of 175 words:
There are several types of employment relationships that affect the hiring and firing of employees. Some states have laws about employment relationships and others do not. Compare 2 of the following employment relationships: principal-agency relationships, independent contractor, at-will employment, and non-compete contractual agreements.
Discuss commonalities and differences to the types of agreement. Does 1 type of relationship benefit the employer more? Does the type of relationship have a positive or negative effect for wanting to work for a company that follows this relationship?