Assignment:
Readins the following chapter are given below is:
The Civil Law and Common Law Traditions
Discussions and Required Resources
Part 1 and Part 2 must be at least 150 to 200 words unless otherwise noted
Part 1: Constitutional and Legal Underpinnings of Business Law
Review the Constitution in Appendix A and choose one of the following sections of the U.S. Constitution or a specified amendment to use as the basis for your initial response:
- Any of Congress's enumerated powers under Article I, Section 8
- 1st Amendment
- 4th Amendment
- 5th Amendment
- 14th Amendment
Identify the section of the Constitution or its amendment that you have chosen. Discuss how this section of the Constitution or its amendments both limit and protect business in general. Describe an example of how the section of the Constitution or its amendment that you have chosen could be applied to your professional life (past, present, or future). In your example, discuss whether the section of the Constitution you have chosen to address limits business or protects it.
Part 2: Examples of Correlation and Regression in Research
When to form an LLC discusses why the LLC is one of the most popular types of business entity. After reading the article and the textbook, compare an LLC with a C corporation and with an S corporation. If you were operating your own business, would you choose the LLC as the organizational form for your business? Explain your reasoning.
Required Resources
Text
Seaquist, G. (2012). Business law for managers [Electronic version].
Please read the following chapters in: Business law for managers:
• The Civil Law and Common Law Traditions
• Sole Proprietorships and Partnerships
• Limited Partnerships
• Corporations
• Appendix A: The Constitution of the United States of America
Article
Taulli, T. (2016, July 24) When to form an LLC (Limited liability company). Forbes.
Recommended Resources
Text
Business Law for Managers
• Beginning a Civil Lawsuit
• Completing the Civil Lawsuit and Alternative Dispute Resolution
• Appendix C: Timeline of Major Modern Legal Developments That Affect Modern Businesses
Website
Find Laws, Legal Information, and Attorneys - FindLaw. (n.d.). Find Laws, Legal Information, and Attorneys -FindLaw.