Unit 8 discussion buiness law

Week 8 Discussion Period: June 10 – June 16, 2015

The Week 8 Discussion Forum focuses on Corporate Operating Agreements.

Discussion Background: Ron Cardigan, the son of Camille and Ray (Camille’s first husband) has met with Camille and Candie to form a “limited liability company” designed to be a place where young future clothing designers can work as part of an internship before entering fashion design school. While Ron contributes 40% of the capital, Camille and Candie each contribute 30% of the remaining capital.

Because it was Ron’s idea (and because Ron’s contribution was greater than each of the others), Ron assumes he will receive more of the profits than Camille and Candie. On the other hand, Camille and Candie feel they should all split the profits equally, as everyone has a unique talent that is being brought forth to run the new business. A dispute over the profits arises, and ultimately a court has to decide the issue.

Discussion Questions: Please fully address the following:

1.    What law will the court apply?

2.   In most states, how will a court resolve the dispute?

3.   How could this dispute have been avoided in the first place? Assess fully.

Justify your answer using information from your textbook Reading and be sure to:

1.    Assess the laws that govern the limited liability companies (the Uniform Limited Liability Company Act or “ULLCA”).

2.   Evaluate how these laws frame our scenario and how a court would rule.

3.   Conclude how Ron, Camille, and Candie could have avoided the dispute by creating an operating agreement and integrating operating procedures into a written agreement.

DISCUSSION GUIDELINES: Your initial response should fully address all of the discussion assignment questions and be: insightful; original and accurate; substantive; demonstrate an advanced understanding of concepts; and compile/synthesize theories and concepts drawn from a variety of sources to support your discussion, analysis and conclusions. Please be specific in your initial response and be sure to use cited research to specific credible primary and secondary sources of authority to support your discussion, analysis and legal conclusions.

Please be sure to post three to five substantive responses to other students over at least three days of the discussion period. Your work should identify, utilize, discuss and apply the relevant concepts and doctrines which were explained in the weekly reading material in a way that reflects a proficient understanding and application of those concepts and doctrines. Finally, your responses should reflect the kind of writing craftsmanship and ethical scholarship with the following characteristics: you wrote in a clear, concise, formal and organized manner; your responses were error free; and the information used to support your discussion and analysis was appropriately paraphrased and supported by specifically cited research.

In addition, you should remain actively engaged in the class discussion and post substantive subsequent discussion responses which: offer points of view supported by cited research; ask challenging questions that promote and advance the class discussion; and draw relationships between one or more points in the discussion.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

STAY HOME, SAVE LIVES. Order your essay today and save 20% with the discount code ATOM