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Laws, Regulations & Ethics
Gross!!
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Legal Forms of Business
What are the three forms of business arrangements?
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Sole Proprietorship Sole proprietorship advantages
Disadvantages of sole proprietorships
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Partnership Advantages of Partnerships Disadvantages of Partnerships
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Partnership Agreement
Partnership agreement contains the following
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Corporation What is a corporation? Advantages of corporations
What are the people who own shares of stock called? stockholders or shareholders AAPL
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Corporations Why might a business be a corporation?
Why would it still be a good idea to incorporate a company?
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Corporations Disadvantages of corporations
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Board of Directors
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S Corporation Discussion
After learning the above forms of ownership, why is important for entrepreneurs to pay close attention to what form of business they decide to create?
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Business Ethics Ethical and Social Responsibilities
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Code of Ethics Ethical behavior that is shared through all aspects of the company Madoff Story Enron
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What are the five areas that ethical and social responsibilities often arise?
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The different laws that govern business are:
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What laws do businesses have to follow?
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Some examples of laws companies have to follow
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What are two government agencies that protect competition?
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Laws to Help Regulate Competition of Business
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Laws to Help Regulate Competition of Business
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Monopoly
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Don’t let it happen to you!
Fraud Don’t let it happen to you!
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Taxes What kind of taxes are there?
Just how much does Uncle same keep?
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Insurance What hazards, damaged or risks do I need to insure against?
What risk management practices can I put into plan to reduce insurance premiums?
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What laws govern fair employment and prohibit discrimination and sexual harassment?
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What Federal Government agency has the duty to monitor and enforce these laws?
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Contracts
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What are common contracts encountered in business?
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What are the elements for a contract to exist?
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Don’t Forget!
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