Case study II Assignment Example | Topics and Well Written Essays - 750 words

Case ask II - Assignment ExampleOne of the legal issues they should consider is the product line structure. Currently, the business operates as a partnership. This message they should be able to decide the structure that will best suit their expanded business. A decision on this is reached after considering liability issues associated with each business structure limited partnership or Limited Liability Company. They should also ensure that they get a new license or let authorizing the operation of the new type of business. This is important because different types of business become operational under different types of licenses1.Contractual relationship is another legal issue to be considered. Hansel and Gretel and their contactors should read through any agreements they diagnose for the new business before acting on them. Since the business operates with contractors, they should also consider disclosure and non-disclosure issues. This means contractors should sign an agreeme nt to protect any confidential information of the business. One of the regulatory issues to be considered before modifying the business is cost. They should be able to meet the fiscal requirements for the new type of business.Hansel and Gretel should consider how the stability and perseverance of the business will be affected by the changes in the business, especially due to structural changes. see of decisions is another regulatory issue. They should consider to what extend they want to have control over the decisions to be make regarding the business. Hansel and Gretel have to consider financial laws relating to the new type of business for example tax laws and other financial regulations. This includes how the government will tax the new type of business.Various professional advisors give specialized advice regarding business issues. Professional business advisers are selected based on the most critical area that one involve to understand regarding the type of business they wa nt to start.