Business Administration

Category: Legal

  • Non-Disclosure Agreement (NDA) – Introduction

    Non-Disclosure Agreement (NDA) – Introduction

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    by

    David J Hoare MSA
    in

    A document used to protect the secrecy of information is called the non-disclosure agreement or NDA. With business, it is customarily a legal contract signed by employees, owners, vendors and in some cases customers.

  • Tenancy in Partnership

    Tenancy in Partnership

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    by

    David J Hoare MSA
    in

    Tenancy in partnership is an important principle in understanding an individual partner’s ownership right as it relates to the partnership and the law of partnership. Does he own the assets jointly or as tenants in common?

  • Joint Venture

    Joint Venture

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    by

    David J Hoare MSA
    in

    The average person may not realize this, but the most notable joint venture in existence today is the National Football League.  It figuratively owns every Sunday in the fall of each year.  It is an association of 32 clubs agreeing to compete with each other, i.e. engage in athletic entertainment.  Each venturer is its own…

  • Forms of Business Ownership

    Forms of Business Ownership

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    by

    David J Hoare MSA
    in

    When an entrepreneur starts out on his/her long journey of building a legacy with his business; he/she almost immediately focuses on the legal status of his business. Thoughts include: ‘Should I become a limited liability company or an S-Corporation?’;  ‘What if I take on partners?’; ‘How do I get more capital without giving up control?’ 

  • Corporate Documents – Introduction

    Corporate Documents – Introduction

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    by

    David J Hoare MSA
    in

    ‘The job isn’t done until the paperwork is complete’, a popular axiom used especially in business. It identifies with the requirement that every corporate entity maintain its legal status and understanding between all investors and the management team. These understandings are the essence of the “formation” of the corporate entity. Failure to do the paperwork can…

  • Aggregate and Entity Theories of Partnership

    Aggregate and Entity Theories of Partnership

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    by

    David J Hoare MSA
    in

    A partnership is defined as an association of two or more persons to carry on as co-owners a business for profit. The premise is built around the notion that the combined power of the partners exceeds the sum of the value the partners could generate independently.

  • Limited Liability Company – Step By Step Setup

    Limited Liability Company – Step By Step Setup

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    by

    David J Hoare MSA
    in

    There is multi-step process to establish a Limited Liability Company (LLC). You must first be recognized by the state of origin and then apply to the Internal Revenue Service to identify the particular tax entity arrangement. Both recognition processes have several steps involved. This article guides the entrepreneur through each of the steps to create a Limited Liability…

  • Limited Liability Company – Introduction to Basic Principles

    Limited Liability Company – Introduction to Basic Principles

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    by

    David J Hoare MSA
    in

    The Limited Liability Company or LLC is really a fusion of two forms of business entity status. Each has unique positive attributes and legal protections.

  • Partnership Agreements – Managing, General and Limited Partners

    Partnership Agreements – Managing, General and Limited Partners

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    by

    David J Hoare MSA
    in

    Every partnership consists of at least two or more partners. In many partnerships, there are dozens of partners. Each partner is classed into a particular group. There are Limited Partners, General (sometimes referred to as Operating) Partners and of course somebody who is in charge – the Managing Partner. Each of these classes of partners has…