• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Five Friends Construction Company

Extracts from this document...

Introduction

Five Friends Construction Company <> <> <> <> Abstract Mrs. Oona Blair, Mrs. Samantha Cook, Mr. William Manahan, Mr. David Shapiro, and Mr. John Smith have requested the analysis and recommendations on the creation a commercial construction business. Business Situations No. 4 Five Friends Construction Mrs. Oona Blair, Mrs. Samantha Cook, Mr. William Manahan, Mr. David Shapiro, and Mr. John Smith have requested the analysis and recommendations on the creation a commercial construction business. All parties involved either have sizeable assets, construction experience, running company, and head of a local division of a national construction company. The party will be refereed to as the "Five Friends Construction Company" within this document. The current document will provide the Five Friends Construction Company an overall analysis of legal and regulatory issues that must be adhered to when starting their business. The company should also get in touch with the states chamber of commerce, the Small Business Association, or lawyer, to provide assistance help in the creation of this company. ...read more.

Middle

(GibbsConstruction.net, 2004) Proposed Business Structure - Five Friends Construction The Five Friends Construction should obtain help with an attorney and/or business advisors to define its business structure. Presently the proposed business structures are as follows: Partnership and LLP - Limited Liability Partnership, based off the information that was already provided (BusinessLaw.gov, 2004). The business will assume all "normal" business risks, when making this decision. All factors will have to be weighed when selecting any business structure. The recommend business structure is the LLP-Limited Liability Partnership. Outlined by Pennsylvania Department of State, a Limited Liability Partnership is outlined as "an existing general or limited partnership that files an election with the Corporation Bureau, claiming LLP status on form DSCB:15-8201A. LLP status provides the general partners with limitations and additional protection on their personal liability as general partners. (PA.US, 2004)" * The limited liability partnership name must be available. ...read more.

Conclusion

An example, some states may require a sole proprietor to use their own name as the business name, unless they formally file another name as a trade name, or fictitious name. In addition, the business should investigate in contacting the United States Patent and Trademark office, to Trademark the companies name. Consider that some business file trademarks only within their locality, so it is possible that the same name can be used elsewhere. Licenses and Permits - Five Friends Construction Company There are many tasks when starting a business, do not overlook the important legal requirements. There are associated with registrations, permits, taxes, and licensing. Please contact your state's chamber of commerce, a lawyer, a business consultant, or trade associations. Conclusion When investigating or starting a new company, the business owners should get in touch with at least the states chamber of commerce and the Small Business Association to collect as much legal and regulatory issues that the company might be faced with. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. For my business report I am investigating the Co-op erative society supermarket.

    Co-op s philosophy is to treat each and every stakeholder of the business as an owner or someone who contributes towards the businesses success. The marketing function helps to inform customers about the new products and special offers through advertising, this helps Co-op gain and retain customers thus increasing profitability.

  2. Analysis of The Cadbury company.

    manager an a subordinate > The definition of the subordinate's responsibilities in terms of agreed results > The use of agreed goals and responsibilities to control the progress of the business Advantages of Cadburys Management by objectives 1. People work better when they have a clear understanding of what they

  1. Analysis of The Cadbury company.

    Cadbury has already reduced their carbon emissions by nearly 15% between 2000 and 2005. On July 2nd 2007 Cadbury Schweppes pledged a 50% reduction of net absolute carbon emissions by 2020 with a minimum of 30% from in-company actions and by aiming to reduce not just the relative energy intensity

  2. Consulted Magna with Recommendations

    In that case, the size of the project and the volume of the work should be great enough to provide full time activity for each of the functional specialists or groups assigned to the project. Dedicated project teams cannot be used when a company is handling several relatively small projects

  1. A construction plan of a new business.

    A company that is starting a new would want to keep running with the proprietors ideas, but if there would be a partnership there may be disagreements on things leading to company failure. A corporation would be too demanding to set up and may take time for the proprietor to set up.

  2. Investigate Coca Cola Company.

    It is mainly larger companies such as Coca Cola that are public limited companies. The advantages of a public limited company are: * Shareholders have limited liability * The sale of shares enables larger sums of money to be raised * While the company has this money permanently, the individual

  1. Apple Incorporation - Case Analysis

    Both were trying to provide customers (computer enthusiasts) with a smaller user-friendly computer. Jobs sought the help of Regis McKenna, a successful advertising relations firm owner, to develop an advertising strategy for the company. McKenna designed the Apple logo and advertised it personal computer magazines.

  2. Analysing various company bills.

    It makes it look very professional if it is printed of in colour. Also certain backgrounds in this document would also be in colour. * The majority of the bill is left aligned, but some of the prices and bills to be paid are right aligned.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work