Question about business
I work for a 501C business,which is closing and liquidating. Can I start my own separate taxable business?I have worked for the 501C business for 10 yrs total, 3 in this specific business area. They no longer wish to carry this branch of their association. When they close, I will be fired. Can I start up my own for profit business, with the same business description?
Anyone looking to buy into a new business opportunity should know their rights and how things work before they make any sort of financial or legal commitment with a new partner. There are lots of laws and rules that exist precisely because there seems to be a draw toward scamming people when it comes to business deals.
Making sure that a transaction is legal to the business opportunity rule and laws set forth by the government not only protects the partners, but also protects the customers who will become consumers and clients of the business. Finding out what the business opportunity rule is a local matter. Laws differ from state to state, and this is one case where the business opportunity rule of one state will be different from neighboring states.
In all cases, the law stipulates that an offering company or partner must complete a business disclosure before taking on any partners in the business. In some states the disclosure statement must be reviewed by officials before the disclosure is approved, thereby allowing the initial partner to enter into agreements with new partners. In other states, the rule simply states that the disclosure must be completed, but there is no rule stating that the disclosure has to be approved by anyone before business agreements can go forward.
This is a very important difference between different versions of the same business opportunity rule. Those looking into joining into a partnership for a business should check out the local rules in order to know what is expected in their local region. Disclosure information should include information about the business as well as information about the primary person running the business.
This is because many people open multiple businesses, especially nowadays, so just because the current record of one business is clean does not mean that the person behind the business has a clean record. Another business of the same person could have scammed people or gone bankrupt, this is why both company and personal information is required in the disclosure.
Whether the local business opportunity rule stipulates that businesses must have a current disclosure, or that the disclosure must be reviewed by officials prior to being given to any prospective business partners, in either case, the potential investor should carefully check out the disclosure document before going into business with someone else. Business rule exists in order to protect people legally from getting scammed by people looking for investors while they do not really have a legitimate business in which to invest.
Carefully checking out the disclosure document and checking the accuracy of it if the local business opportunity rule does not require that officials check it first is the first step to going into business deals safely and legally. Take this first step with care and watch your business deals grow quickly once you have chosen good businesses in which to invest. Good businesses will always comply with local business opportunity rule and laws, so one can be confident of a business clean record.
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dmk062905
on February 20 2010
C. She has no legal recourse because investment is a gamble.
Erica C
on February 20 2010
1. C
http://www.businessdictionary.com/definition/objective-theory-of-contract.html
2. B – Capacity to make the contract is not there
http://consumer-law.lawyers.com/Contract-Basics.html
nacao
on February 20 2010
Surely THIS (getting education to embrace right-brained thinking) is what our Western world needs to clean out the poisoned thinking that has brought us into the mess we currently experience? Surely once we have sorted ourselves out, then we are in a position to help those in the Third Word? You are a great lady and a very positive force for these urgent, historic and pivotal times. May you and your family experience abundant Love and Blessings.
guzen
on February 20 2010
Rania you are the most important woman in the world!
VRX
on February 20 2010
nothing obama says makes sence
Pitso
on February 20 2010
The crime of "may" will definitely flourish under Zuma. In fact, "may not" will disappear. Under Zuma you may steal millions from the government, under Zuma you may rape any family member and may marry as many of them and their mothers as you wish. You may sing and dance in public and call on your brothers to bring your machine gun for 'n bit of 'boeresports.' You may threaten to kill and you may in fact kill if it suits your mood or your pocket. You may topple presidents and kings and you may promote juvenile delinquents and illiterates to kings and presidents. You may do anything under Zuma other than not agree with him or his cronies
psychic
on February 21 2010
The Western World has been dumbed down by a systematic focus on logic and left-brain reasoning. In this way, a country can create un-thinking masses who can be easily controlled. Also, left-brain thinking creates an ‘us and them’ mentality. It creates a ‘problem-focussed’ mentality. It creates a ‘me’ rather than a ‘we’ society. Right-brain thinking creates a ‘we’ society – a society where respect, sharing, solution-focus, inventiveness and genuine inquiry into difference happen.
Pure P
on February 21 2010
Though it's not complete but good work.
rails
on February 21 2010
I just can say that you are just a great smart queen wish you can do something for the poor jordanians. I like your accent and the sense of humour you have.
veritas
on February 21 2010
he know nothing about malaysia (but based on what he said…. confirm he said about malaysia)
jpro
on February 22 2010
Hey Rania.
You make some good points
.
Maybe certain real issues should be brought to the forefront. Multinational corporatism should not override national sovereignty. This is the number one issue on the global stage and you know it.
Secondly, the people are aware of the lies and spin being pushed by the same powers trying to maintain control. It’s having a negative effect and it isn’t going to last much longer.
Now as for the educational system, you already know.
watch?v=CWGsj5NgZ5Y
Hey everyone!
on February 22 2010
There's actually quite a large crowd of pro-life Libertarians.I think your one of them.
corpo
on February 22 2010
I say this too.
You probably won’t post this.
In fact, you shouldn’t.
The people that you are representing gambled away our future in the derivatives market.
We are broke.
You know it and I know it.
So who is it that you are defending exactly?
R, P, then B
on February 23 2010
No, Yes, Yes, No, No, No, No (but there aren't any), No, No.
urbantool
on February 23 2010
For the world to progress into a better world, if EDUCATION is the key, then BUREAUCRACY is the stopper.
With the average global IQ going DOWN, and critical information being ridiculed into entertainment, will people ever understand?
With the dumbing down of MEDIA ENTERTAINED nations, education may just be the only way to stimulate brains to learn to think again. And maybe turn the average IQ back up again?
But will the ever growing bureaucratic OVERHEAD allow this to happen?
truth
on February 23 2010
haha he said ma’am instead of your majesty
But I love Queen Rania, she is not only beautiful but smart, and caring
earthlink
on February 23 2010
Palestinian beauty!!!
smart-doctor-egypt
on February 23 2010
The answer is: YES
Please do not mind but I–and many other readers— would nave preferred a shorter, more concise, question
Thank you for drawing our attention to to the need for giving in charity.