Business Law Final

Making Dreams Come True BUS311: Business Law Andrew McAdams term Due: 28 Feb 2011 Making Dreams Come True starting a c entirelying stand be a real daunting task, especi ally when you make a vocation doing something you turn in a passion for and love. A few geezerhood ago, I was asked by a friction match of individuals to assist them in opening a juvenility sports business focusing primarily on gymnastics and cheerleading. I knew the lucre potential was there, exactly having been a part of youth sports for the front ten years I also knew the need was there to use youth sports in laying a tooshie for todays youth in becoming tomorrows leadership. I thought it would be a very simple task, so I agreed. Boy was I ill-use! There were some(prenominal) profound issues that needed to be dealt with that make me understand the in arrears the scenes work that would need to be interpreted care of for this opine to be successful. In this paper I allow hold forth a couple of the nominate issues we confront that had to be turn to in put in for the business to be successful. These key issues were; constitutional structure, employment, intellectual property and product liability. By highlighting these issues, hopefully anyone reading this paper will have an easier clock in making their dreams come true. The key leaders to the organization were brought together.

One of the individuals was a gymnastics motorcoach, an otherwise was a cheerleading coach and the last one had no sports background but was concerned and would bring the financial resources necessary to start the business. The disbelief for all three was what type o f organizational structure will this busines! s venture have, a partnership or a potbelly? In establishing the business, we wanted the ability to expand into other sports in the future with ease. Initially the thought was to establish it as a partnership. However, a partnership has a couple of major disadvantages in that each partner has unlimited liability for all legal obligations and debts of the business...If you want to get a full essay, order it on our website: OrderEssay.net

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