Types of business entity

be searched by name of covered entity, state, number of individuals affected, date of breach, type of breach and location of breached information. Covered entities must notify affected individuals following the discovery of a breach of unsecured protected health information. Covered…

to an agreement indicating that the staff agrees not to approach workers of the business and influence them to leave the establishment for new employment opportunities, or approach customers of the firm for their patronage (Mann Lawyers, 2013). This clause will be important owing to Fern’s status as an award-winning designer and his possible ability to motivate other employees if he decides to disengage from the entity. Apprenticeship In the case of Dorothy, being that she is 16 years old - she…

Amazon that is Kindle market share value is 73.7% (Amazon, 2015). The strategies which to be used by the company and the issues related to the strategy has to be discussed in the report. Along with this positive points which are taken into use by the entity is also be discussed.…

basic forms of business organizations. o What are the advantages and disadvantages of each form of ownership? Single Proprietorship- Are entities that are owned and operated by the same individuals and is unincorporated. There are no specific laws or regulations that govern the creation and operation of this business. The advantage of this is the ability to start up is easy and requires minimal capital. A disadvantage to the owner is responsible for all the debts incurred by the business, which…

required to first value all identifiable assets acquired at their fair value. Goodwill is considered the residual amount. Goodwill is considered an asset that represents the future economic benefits arising from the other assets acquired in the business combination that did not meet the criteria for being individually identified and separately recognized. Goodwill is recorded as the excess of the sum of the consideration paid, any non-controlling interest, and previously held interest over…

hazardous job. The company can be liable if something happens and someone gets hurt. There are considerations to put into place as Acme changes their entity from sole proprietorship to a limited liability company, first an evaluation is necessary to ensure there is a contract and if it meets the Uniform Commercial law (UCC) criteria or common law, hires the type of employment needed and solutions to make sure the increased workload is…

This report will focus on ISA 315 and in particular looking at why it is important for an auditor to understand the clients business and industry. The report will then focus on the sources the auditor can use to understand the clients business. Importance of understanding the clients business and industry Auditors are required to have sufficient knowledge of the client’s entity to be able to understand and identify practices and transactions, which can have a significant impact on the…

1. Under GASB standards, agency funds are excluded from the face of the government-wide financial statements. What are agency funds? Agency funds are used to account for assets held for distribution by the government as an agent for another entity for which the government has custodial responsibility and accounts for the flow of assets. For example, the state collects sales tax funds on behalf of a city. These funds are considered agency funds – the state acts as the custodian for these…

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contained in schedule 1 of the Privacy Act 1988 (Cth) (Privacy Act). The APPs outline how “APP entities” must handle, use and manage personal information. Legal practitioners need to be aware that the APPs are not prescriptive. Each APP entity has to consider and determine how the principles apply to its own situation. The Guidance Note lists the APPs, and provide legal practitioners with examples of how an APP entity could address the requirements of each APP. For the full text of the APPs,…