Entity-relationship model

These startup mistakes can mean the death of your business before it even gets off the ground. Avoid them at all costs, and make sure you get sound legal advice at the beginning even if it makes a dent in the budget. 1. Prior Employer 's Workplace When starting their own company, many startups might work at their employer 's facility or on their employer 's computers. If you work in an industry that has intellectual property rights, and you signed an agreement when you started at your job,…

TO: Gloria Smithson FROM: Izabela Kaczor – Kaczor Business Planning and Accounting RE: Business entities: recommendations for a start-up company Thank you for the opportunity to work with you. Selecting the appropriate business entity requires a careful balancing of tax, legal and other considerations. As requested, I have analyzed the pros and cons of few different types of business entities and evaluated which business type would be the most appropriate for you and your husband. There…

5 Differences and 5 similarities between Acquisition & Merger Differences Between Merger and Acquisition The focuses introduced beneath clarify the generous contrasts amongst merger and acquisition in a point by point way: • A sort of corporate system in which two organizations amalgamate to frame another organization is known as Merger. A corporate system, in which one organization buys another organization and pick up control over it, is known as Acquisition. • In the merger, the two…

Every state has workers compensation laws designed to compensate employees for work related injuries. In some states it may be called workman's compensation or workmen's compensation, but it is the same thing. While specific workers comp laws and systems vary from state to state, there are general principles applicable to all states. Here are 5 facts the everybody ought to know. 1. Not every employer is required to have workers compensation. Every state has set a minimum number of employees…

Company is an artificial person, it doesn't physically exist. Therefore, a company can only run its own affairs through human agents. The board of directors as a human agent plays a critical role in the management of a company. And directors themselves are obligated to various duties and responsibilities which come from three areas: the common law, statute law (The Corporations Act 2001) and a company's constitution. This article will analysis relevant director's duties which Adoni might have…

that the critical first step to creating a successful nonprofit organization is done, one can now incorporate their nonprofit. Incorporating a business means to constitute a company or organization as a legal corporation. A corporation is a legal entity that is legally a person who is separated from its owners (Investopedia.com). To incorporate a nonprofit organization is as easy as going online or calling by phone. A common website used to incorporate an organization is through, www.incorporate…

The Limited Partnership is a business form in which investors known as limited partners agree to share in the profits of a partnership without having a voice in partnership management. · Liability: General partners are seen as legally the same entity as the partnership. They are jointly and severally unlimitedly liable to their creditors. Creditor may go after the assets of partnership unit, and further may go after each individual general partner’s personal assets to satisfy a liability. A…

individual shareholder may not bring a legal malpractice action against an attorney that is employed by the corporation itself. See e.g. LeRoy v. Allen, Yurasek & Merklin, 114 Ohio St. 3d 323. When a lawyer counsels a corporation, the lawyer has a relationship directly to the corporation and not to any of the shareholders. Ohio Rules of Prof 'l Conduct R. 1.13(a) (2011). In Ohio, courts adhere to a strict privity rule which states “‘attorneys…

Case Activities 3 Discharge in Bankruptcy In this case, Joseph Harman, the president of Carter Oaks Crossing was loaned $400,000 by Caroline McAfee. Harman signed a promissory note that specified the company would repay the amount of the loan with interest in installments in which the installments would begin in 1999 and end in 2006. Harman signed a personal guaranty with the promissory note. Carter Oaks Crossing eventually defaulted on the note causing McAfee to sue Harman for payment under…

determines and improves generally accepted accounting principles (GAAP) for U.S. state and local government entities. However, GASB is not a government entity, it is an operating component of the Financial Accounting Foundation (FAF), a private sector not-for-profit entity (GASB, "Facts About GASB "). The accounting and financial reporting standards established by GASB are essential for government entities operate differently than for profit businesses. The Financial Accounting Standards Board…