Beginning Of Lit1 Task 1

  • Lit1 Task 310

    LIT1 Task 310.1.5-02, 11, 13: Labor and Employment Law In the United States, several laws have been enacted to protect the rights of workers and provide guidelines to employers. The Family Medical Leave Act of 1993, the Americans with Disabilities Act of 1990, and the Age Discrimination Act of 1975, provide clear guidance to employers and employees when addressing workplace concerns. Employees and employers must understand the requirements of each law to ensure proper implementation and avoid conflict

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  • Beginning of Lit1 Task 1

    Sole Proprietorship: Sole Proprietorship is a very common form of small business organization. Benefits include having complete and total control as to how the business is run, marketing, hours, as well as the immediate dissolution of the business. Disadvantages range from personal liability for the business. A sole proprietor is also held responsible for all taxes for the business as personal income. Liability: A sole proprietor is held personally liable for any errors or damages caused by the

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  • Lit1 Task 1 Part a

    Sole Proprietorship:  There is no legal difference between the Sole Proprietorship and the owner. They are easy to create and can mature as quickly or slowly as the owner wants. There can only be one owner and raising capital can be difficult, so they seek funding from financial institutions. ● Liability ­ The Sole Proprietor is personally responsible for all debts and obligations. Creditors can claim personal assets of business owners and can sue if there is a breach of contract. Income Taxes ­

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  • Lit1 Task 310.1.5-02

    LIT1 – Task 2 – Labor and Employment Law Company X vs. Employee A on FMLA payment (Situation A) .Relevant Facts: Employee A has a 2 year tenure with Company X. Employee A asked for and was granted FMLA for the birth of his twins. Employee A asked to return to work before the allotted twelve week period had expired. On his return, he also requested for payment of his salary during his eleven week period of FMLA. His request for an early return was granted, but his time on FMLA remains unpaid.

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  • Lit1 Task 1

    Task 1 Part A SOLE PROPRIETORSHIP: • LIABILITY –From a legal point of view there is no distinction between the assets of the business owner and the business itself. Business assets can be used to pay personal debts and personal assets can be used to pay business debts as sole proprietorships are subject to unlimited liability. • INCOME TAXES – All income generated through sole proprietorships is considered ordinary personal income tax to the owner and is subject to the highest

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  • Lit1 Task 1a

    Task 1-A Sole proprietorship   1. Liability   An owner has unlimited liability both personally and as the company owner. Liability is a disadvantage in a sole proprietorship.   2. Income taxes Owners are responsible for filing taxes and is allowed to file taxes as part of their personal income taxes.   3. Longevity   This depends completely on the owner and there continued ability to operate the business. The operation of the business can be significantly affected if the owner becomes

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  • Lit1 Task 1

    com/irs-requirements-start-sole-proprietor- retail-store-11162.html Tiessen, Stefan-M. (2006). Forms of business organizations. Swiss-American Chamber of Commerce. Retrieved from p_business_usa.asp?s=2&c=1 Partnerships. (n.d.). Business Law: Free Advice. Retrieved from http://business- Differences between C Corporations & S Corporations. (n.d.). MaxFilings Incorporation Services. Retrieved from http://www

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  • Lit1 Task 1 Part a

    Running Head: LIT1: Legal Issues for Bus.Org Task 1 PART A Sole Proprietorship: Is one of the most popular business types in the U.S and also one of the simplest. There is no legal distinction between the proprietor and the business which means it is autonomous. Autonomy can be very beneficial in that it allows for creative expression, freedom and control but also allows for limitless liability for the owner. Liability: Because the business and the owner are one in the same the liability falls

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  • Lit1 Task 1 Wgu Stody Guide

    LIT 1 – Task 1 | SUBDOMAIN 310.1 - BUSINESS LAW | Competency 310.1.2: Organizational Forms | | | | The following report will summarize the key differences between the various forms of legal business entities. The ownership forms covered will include sole proprietorship, general partnership, limited partnership, C-corporation, S-corporation, and Limited Liability Company. Also included will be a brief recommendation of the most appropriate form of ownership for the given manufacturing

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  • Lit1 Task 1 a Wgu

    LIT1 Task A SOLE PROPRIETORSHIP: •         LIABILITY – The owner and the business are considered as one and so the owner has unlimited liability for the business. Therefore the all of the owner’s personal assets, the business’s assets and the business’s future earnings may be at risk. •         INCOME TAXES – All income for the business goes on the owner’s personal income tax returns whether federal, state or local. One advantage of the sole proprietorship is that the business is not a separate

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  • Lit1 Task

    than is allowed by the Family Medical Leave Act, and whether he was permitted to return to work at his previous position and pay. In answering these points, the Family Medical Leave Act states that if an employee has worked at a company for more than 1 year they are allowed up to 12 weeks of leave, therefore since Employee A was employed at the company for 2 years he qualified for requesting leave. The employees’ wife was pregnant and gave birth to twins, and according to FMLA the birth of a child

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  • Lit1 Task 1

    Sole Proprietorship A sole proprietorship is the simplest form of business entity. Factually speaking it is not an entity at all in the way that a corporation exists as a legal entity. Rather, a sole proprietorship is the person conducting business. They are conducting business on behalf of themselves, they obligate the business personally, and they are personally responsible for all liabilities. Also, no special legal filings are needed outside of compulsory licenses that might be required

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  • Lit1 Task

    LIT1 310.1.5-02, 11, 13 Legal Issues for Business Organizations Labor and Employment Law Introduction: Human resource departments are responsible for effectively, legally, fairly, and consistently attempting to maximize an organization’s return on its human capital investment while minimizing financial risk. Given: As director of human resources at Company X, a company with over 75 employees, you are charged with oversight of hiring and employment practices at the company, including

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  • Lit1 Task 2

    LIT1 Task 2 Situation A The Family and Medical Leave Act sets regulations for job-protected leave related to family and medical reasons. FMLA applies to organizations with 50 or more employees working within 75 miles of the employee’s worksite (“Employment Laws,” n.d., para. 6). Employees who have been with their current employer for 12 months and who have worked 1250 hours of service in the previous 12 months are eligible for 12 weeks of unpaid leave through FMLA (“Eligibility Requirements

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  • Lit1 Task 2

    Task 2 Situation A: It has been brought to my attention that employee A’s spouse gave birth to premature twins. He requested to leave for 11 weeks to help his spouse and asked to be returned to work and be paid from the past 11 weeks. The previous manager granted his leave but is now asking for the 11 weeks’ pay. The new manager in replacement of the old manager agreed to the return of employee A but denied the 11 weeks’ pay that the employee had requested. In 1993, the Family and Medical Leave

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  • Wgu Lit1 Task 3

    Student I.D. E-Mail: Western Governors University LIT1: Task 310.1.5-02, 11, 13 Situation A: The employee’s FMLA right was satisfied when he was granted the leave by the company. The employee has been employed at the company for two years prior to his request, which clearly fulfills the requirement of working a total of twelve months before the leave must be granted by the company, which employees more than fifty employees. The request for leave was for birth care, which is a valid reason

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  • Lit1 Task 1

    Types and Characteristics of Business LIT Task 310.1.2-01-06 Alicia R. Wilson Western Governors University Texas Abstract In Chapter 11 of the Legal and Ethical Environment of Business, examples of business structures were described. It is clear that there are pros and cons to starting any business; however it is very apparent that it is still the American dream to start a company. The reading assignment included descriptions on Sole Proprietorship, General Partnership, Limited Partnership

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  • Lit1 Task 2

    Situation A Facts of Situation A as it pertains to the Family and Medical Leave Act of 1993 (FMLA). • • • • Employee A has been employed for over 1 year Employee A was on extended leave due to the birth of a child Company X has more than 50 employees New Manager agrees to return Employee A to previous job and pay, denying pay for time off The FMLA states that an employee can be on extended leave up to 12 weeks without pay as long as certain provisions are met. In reviewing the facts of this situation

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  • Lit1 Task 1

    Task 310.1.2-01-06 1. Sole Proprietorship - A sole proprietorship is any business that is owned and ran by the same individual. There is not a difference between the owner and the business. The owner IS the business. The advantages of this include the owner retaining all profits and being in direct control of all elements of the business. The disadvantages of this are that the owner is entirely responsible for debts, loans, losses, and this form of business cannot include a partner or co-owner

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  • Wgu Lit1 Task 1

    com/courseware/sb/sbLAW0104003001.htm The Criteria That Determine Corporations. (n.d.). Retrieved November 17, 2014, from WGU - LIT1 - Template flashcards | Quizlet. (n.d.). Retrieved November 17, 2014, from The memorandum TO: Clients and Friends of the Firm FROM: Nikki Lingo RE: SEC Rule 65243 DATE: November 24, 2014 _____________________________________________________________________

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  • Lit1 - Pt 1

    Natasha Kelso – Submission of Task 1 – LIT1 SOLE PROPRIETORSHIP: A sole proprietorship is a business that is owned by one person. These businesses are relatively small to medium size and is not registered with the state as a corporation or a limited liability company. However, in order to be a legitimate money making operation, the business will have to be registered within the state it does business in. This can be a cumbersome process to say the least. • Liability: A sole proprietor can

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  • Lit1 Task 1

    310.1.2-01-06 Sole Proprietorship: Sole Proprietorship is the most common and most simplistic type of business. This model of business the owner and the business are one and the same. A sole proprietorship is unincorporated. Every form of business has advantages and disadvantages. As the owner you can organize, name and take the business as far as your aspirations take you, a sole proprietorship has risks; the responsibility of time, personnel, scheduling, recruiting and accounting management

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  • Lit1 Task 2

    Task 2 – Labor and Employment Law As requested I’ve reviewed the situation for each of the employee you mentioned. I’ve detailed my findings below. Situation A I reviewed FMLA requirements to Employee A’s situation. First, Family Medical Leave Act (FMLA) requires 1,250 hours and 12 months of employment at the company (Wage, 2010). Employee A has been with Company X for two years; therefore this requirement has been met. Second, Employee A’s situation, his wife gave birth to premature

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  • Lit1 Wgu Task a

    LIT1 Task 1 Part A (the report) SOLE PROPRIETORSHIP: A sole proprietorship is the simplest, quickest and cheapest form of business to start making it the most popular types for first time business owners. A business owner and a sole proprietor may operate under different names, but legally, they are the same entity. Which leads to one of the biggest disadvantages of becoming a sole proprietor; the owner is responsible for all debts and fault created by the business. One of the major advantages

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  • Lit1 Task #2

    Jed Worthington LIT1: Task 2 Situation A: Our company had an employee whose wife gave birth to twins prematurely. This employee requested leave in order to be with his wife. This particular situation fell under the Family and Medical Leave Act of 1993; it states that employers must grant 12 weeks during any 12 month period of time of leave to employees. An employee can qualify for the Family and Medical Leave Act when there is a birth of a child, placement of a child in foster care, adoption

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  • Lit1 Task

    of her age. Ms. Betty Whitehair is 68 years old and so qualifies for protections granted by the ADEA. The Age Discrimination in Employment Act of 1967 (Pub. L. 90-202) (ADEA), as amended, as it appears in volume 29 of the United States Code, beginning at section 621 "prohibits employment discrimination against persons 40 years of age or older from employment discrimination based on age." U.S. Equal Employment Opportunity Commission, (1967), The Age Discrimination in Employment Act of 1967,

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  • Lit1 Task 1

    of C-corporations. Identify the distinguishing characteristics of S-corporations. Recognize the characteristics of a limited liability company (LLC). Determine the appropriate business form for a given situation. Introduction: As you work on this task, ask yourself why one form of business organization would be selected over another, particularly for a small business. What are the advantages and disadvantages of each form? The business entity characteristics owners should consider fall into these

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  • Lit1 Task 310.1.2-01-06

    LIT1 Task 310.1.2-01-06 PART A Sole Proprietorship - This is considered one of the most common forms of business in America. There are advantages and disadvantages in being a sole proprietor. An advantage would be that you, as the sole proprietor, are your own boss. In contrast a large disadvantage would be that you, as the sole proprietor, are completely liable for every aspect of the business. * Liability: Sole proprietorships have what is considered to be one of the biggest risks

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  • Lit1 - Task 1

    Legal Issues for Business Organizations – LIT1 Task 1 Legal Issues for Business Organizations – LIT1 Task 1 – Part A The way a business is organized is an important part of the business’s structure. “Different organizations provide different advantages and disadvantages in creation cost and simplicity, ongoing maintenance requirements, dissolution and continuity, fundraising, managerial control, public ownership, tax planning, and limited liability.” The nature of the business being conducted

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  • Lit1 Task 1

    Lit1 Task 310.1.2-01-06 Part A Determining whether to start or invest in a business endeavor and what kind of business endeavor to choose can be challenging. Through this report the numerous types of business organizations will be assessed. By the end of the report you should have a greater comprehension of the different choices available. * Sole Proprietorship: To start off it is essential to have a clear understanding of what sole proprietorship means. As the sole proprietor you are the

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  • Lit1 Task 2

    Department Manager has granted his request to return to work, in his previous position, but is denying his request for back pay. Pursuant to Section 102(a)(1) FMLA 1993, Employee A was entitled to 12 work weeks of unpaid leave in any 12 month period, for the birth of his children or to care for his spouse. Also under FMLA Section 104(a)(1) (a) and (b), the employee is entitled to be reinstated by his or her employer to the position held by the employee when the leave started or be offered a

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  • Lit1 Task 1

    Lit1 Task 1 Organization of Business Sole Proprietorship: Most common form of business today. Legally speaking the sole proprietor and the business are one in the same. Any legal issues such as law suits and tax liabilities are the same and the sole responsibility of the owner. There is no autonomy, no differentiation between the business and the owner. If the business gets sued, it is the personal assets of the business and the owner that are in jeopardy. It is also the easiest form of business

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  • Lit1 Task 11

    Dennis Oglesby LIT1 Task 1 The Family and Medical Leave Act of 1993 provides protection for the employee when medical or family issues arise that cause them to miss work. Without this act, employers would be allowed to terminate ill employees or those who must provide care for their families. There are, however, provisions for when this act is applicable. The first major provision dictates how many employees a company must have in order to be susceptible to the rules it presents. According to

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  • Lit1 Task 1

    the plus is everyone is working towards the same goal. General Partnership is also very simple to structure as well as dissolved. The structure is outlined and each member has his/her roles and responsibilities. This is normally established in the beginning. Longevity/continuity of a general partnership, means the business can continue with the death or withdrawal of the owner. The other partners can continue running the business as is; with the understanding if there was a written agreement in place

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  • Lit1 Task 310

    who interviewed for the position was qualified to do the job for which she applied. Applicant C did require accommodations in the form of lowering the keypads of two elevators four inches. The cost of this modification that Company X would bare was 1 day of work and $1000 per elevator. Company X refused to hire Applicant C stating the accommodation would cause “undue hardship”. The ADA defines “undue hardship” as an action requiring significant difficulty or expense. The nature and cost of the

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  • Lit1 Task 1

    LIT1 Task 1, Part A Sole proprietorship: A sole proprietorship is an inexpensive and easy to form business organization. This entrepreneurship gives the owner the ability to have flexibility in their schedule. The business owner of this organization will benefit from having full control and retains all the businesses profits. Negatively, the business owner is also personally responsible for all the debt. and liability the business may take on. In this organization if the owner dies, the

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  • Lit1 Task 2

    LIT1 Legal Issues for Business Organizations TASK 2: Labor and Employment Law September 17, 2014 ATTN: Requestor, SVP of Ops SUBJ: Compliance Review; Report of Findings Thank you for bringing the following situations to my attention. I have completed my review of each case, and am providing my feedback accordingly. Please review the results below. ------------------------------------------------- SITUATION A FACTS OF CASE | FMLA GUIDELINES | RELATION OF FACTS TO GUIDELINES

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  • Lit1 Task 1

    Examination of Situation A   In each case regarding FMLA, all data points need to be gathered before any request is granted. It is vital to determine whether the laborer is qualified for the leave and whether terms are met as stipulated under the Family and Medical Leave Act of 1993 (FMLA). The Act states that, in order for someone to utilize the leave he or she has to have been employed by the company for more than 12 months. Specialist A had worked for 24 months, and it can be determined that

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  • Lit1 Task 1

    that the lines of the law can be blurred. The disabled individual must be qualified for the job that he or she is applying for which means that the individual must meet the skill, experience, education or other requirements of the position. Title 1 of the ADA makes it illegal for employers with fifteen or more employees to discriminate against a “qualified individual with disabilities.” Employers must therefore define what the essential functions of the position are to determine if the disabled

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  • Lit1 Task 1

    LIT1 Task 2 Part A: The Form | Sole Proprietorship | Description | A sole proprietorship is a type of business where there is no legal distinction between the business and its owner. This is the most common form of doing business in the United States ( Terence Lau and Lisa Johnson, 2015) | Two Advantages | There are many advantages to this type of business. First it is easy to create a sole proprietorship. The entrepreneur in charge simply starts the business. Another advantage is autonomy

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  • Lit1 Task 2

    Running head: LIT1 TASK 310.1.5-02, 11, 13 LIT1 Task 310.1.5-02, 11, 13 Western Governors University 1 LIT1 TASK 310.1.5-02, 11, 13 2 LIT1 Task 310.1.5-2, 11, 13 Situation A The Family and Medical Leave Act of 1993 (FMLA) contains several important provisions that are applicable and will be considered in Situation A. I have outlined these provisions below. First, according to U.S. Department of Labor, Wage and Hour Division, Fact Sheet #28 (U.S. Department of Labor, Wage

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  • Lit1 Task 1

    September 15, 2014 Lauren Tierman Western Governors University Student ID: LIT1 Task 1 –Labor and Employment Law Situation A: Details * Employee A has been with Company X for two years. Employee A was given leave in order to be with their spouse and newborn. * Employee A took FMLA leave for 11 weeks. Upon returning to work, the employee wants to be paid for the time they took the leave. The previous department manager left the company during Employee

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  • Task 310 Lit1

    John Que Task 310.1.5-02, 11, 13 Sep 05, 2015 1. The provisions of the Family and Medical Leave Act of 1993 Situation A According to The Family and Medical Leave Act of 1993, eligible employee is allowed to take a leave which is unpaid due to the birth of his or her child, adoption, or caring for a family member with diagnosed serious health conditions or/and with serious injury, including but not limited to a child, spouse, parent or military personnel. In special circumstances, based

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  • Wgu Lit1 Task 1 310.1.5

    the applicant’s ability to perform their required duties. Upon that determination, it becomes necessary for the company to make alterations to the elevators to make them compliant with the applicant’s needs should a job offer be made. The remaining task is to determine whether the required alterations to the elevator place an undue hardship on the company. Considering the company’s number of employees, comprising over 75, and the size of its seven floor headquarters, it would stand to reason the required

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  • Lit1 Task 1

    LIT1 Task 1 Situation A: The Family and Medical leave act provides employees leave for up to 12 weeks. The leave is unpaid but their job is protected. The employee must have worked with the employer for a minimum of 12 months and working at least 1250 hours. They must also be employed by a company with 50 or more employees. In situation A, the manager was correct in allowing the employee to return to work at his previous pay rate. The employee worked at least 12 months and took only

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  • Lit1 Task 1

    Legal Issues in Business Organizations Task 1 Zachary Christenson Western Governors University 000447824 Family and Medical Leave Act Situation The Family and Medical Leave Act of 1993 (FMLA) was created to help assist employees deal with the difficulties of home, while creating an atmosphere of job security. The FMLA also helps cover employers from wrongful use of the FMLA by the employees. Although the document is extensive, there are three major provisions of the FMLA that apply to the

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  • Lit1 Task 1

    Steve Wood LIT1 - Legal Issues for Business Organizations Task 1 Scenario A The purpose of the Family and Medical Leave Act of 1993 is to offer a balance between the stresses of both work and life. There are three main provisions of the act that are critical to the overall takeaway of what this law means to this situation. First, “Eligible employees can take unpaid, job-protected leave (they can return to their position). When they return from leave, FMLA guidelines require that companies return

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  • Task 1 Lit1

    The Family and Medical Leave Act of 1993 or FMLA, entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons. Employees may take up to 12 work weeks of leave in a 12 month period. Employees are entitled to take leave for a number of reasons; to care for a spouse, son daughter or parent who has a serious health condition; for a serious health condition that makes the employee unable to perform the essential functions of his or her

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  • Lit1 Task 310.1.2-01

    LIT Task 310.1.2-01-06 Part A 1. Sole Proprietorship – the simplest form business. The business is owned and operated by one person and there is no legal distinction between the business and its owner. The owner of a sole proprietorship assumes all responsibilities, liabilities and profit of the business. • Liability- One major disadvantage of a sole proprietorship is the liability. As a sole proprietorship both the owner and business are one and the same and therefore both are

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  • Lit1 Assignment 1

    Business Law and Communications LIT1, Assignment 1 Your business is now currently operating as a Sole proprietorship. You and your business are one. Any income the business receives and expenses paid will flow in and out from you personally and will be reported as a Schedule C on your personal income taxes. As a sole proprietor you carry full responsibility and are 100% liable for the company. This means any debts you owe from your business if there are not adequate funds available from the business

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