BUSINESS ENTITIES, LAWS, AND REGULATIONS PAPER
Business Entities, Laws, and Regulations Paper
Businesses can range from the small mom and pop shops to worldwide corporations. Either
way when establishing a business a decision will need to be made regarding the type of entity to
use; sole proprietorship, general partnership, limited partnership, limited liability company
(LLC), limited liability partnership (LLP), franchise, or corporation. Fortunately, there is
guidance, tools, tax accountants, and lawyers to help make the right decision.
To understand the different options available to entrepreneurs’, a review of two entirely
different businesses should add insight.
Mei-Lin is a manager for Surebuild, Inc. a construction
company. Mei-Lin is trying to fill an open position for a jackhammer operator. Frank owns Bug
Be Gone, Inc. and would like to open up franchises across the United States. Each business will
be governed by some of the same laws, but there will be difference between the two businesses.
Surebuild, Inc. needs to hire a jackhammer operator, which requires a high school diploma.
Three of the applicants being considerate have jackhammer experience but not all of them have
high school diplomas. Applicant A is a 35 year old female, who appears to be pregnant, has
jackhammer experience, and is a high school graduate. Applicant B is 55 year old male, has
experience operating a jackhammer, but does not have a high school diploma. Applicant C is a
38 year old male, speaks no English, has no high school diploma, but has jackhammer
experience. Applicant D is a 23 year old male, who is epileptic, and has no jackhammer