Topic 1-Discussion questions on corporate law

Topic 1-Discussion questions on corporate law - Functions...

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Functions of Law in Society and Business-Topic 1-Discussion questions on types of business organizations Assuming that you are the consultant of a consulting firm and your clients approach you for advice as to what type of business vehicles they should adopt to facilitate the operation of their business. Analyze the following situation carefully: 1. David, after graduating from the High School, is reluctant to join the workforce. He is ambitious and would like to set up his own business with everything under his absolute control. At the very beginning, his business will be limited in scale and the level of capital requirement is low. Initially, he will approach the bank for loan facility to support his business. 2. Apple and Orange are very close friends and they would like to set up a business to sell computers jointly. They are not sure whether they should form partnership or company to run their business. One thing is certain is that Apple, as a full-time
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