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Posted: April 20th, 2022
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Ted Brown and Jim Green have been discussing going into business together for a number of months, and they’re anxious to start out that business earlier than the top of this month. Nonetheless, each Ted Brown and Jim Green every have to be out of city for a number of weeks on different business, so Ted Brown has instructed his son, Theodore, who’s 16, in regards to the discussions with Jim Green and has appointed Theodore to finish negotiation of the ultimate particulars of the business. Jim Green has instructed his son James, who’s 18 years previous, in regards to the discussions with Ted Brown and appointed James to finish the negotiations. The business that Ted Brown and Jim Green wish to create will develop an app for cell telephones that can determine family-oriented sights alongside main highways so households can obtain the app to Help in planning household holidays. The event of the app will take four months, and then it should take roughly one other four months to totally deploy the app. Because the app turns into widespread, the business will solicit family-oriented companies to promote on the app. Ted Brown and Jim Green have little or no capital to make use of within the improvement and deployment of the app and will in all probability want to lift the capital essential to develop and deploy a top quality app. In your case research, tackle the questions beneath.
Can Theodore Brown and James Green legally create the business that Ted Brown and Jim Green have been discussing? Why, or why not?
If Theodore and James do create the business, what duties do they every owe their father? Describe what these duties imply on this case.
What elements do Ted Brown and Jim Green (or their sons on their behalf) want to think about in choosing a type for this business?
What type of business will present probably the most benefit for his or her enterprise?
What are the disadvantages of the type of business that they chose?
Your case research needs to be not less than 4 pages in size and embrace not less than two outdoors sources, one among which should come from the CSU On-line Library. Remember to use APA formatting for all citations and references. Please word that no summary is required. To help in finding articles within the library, you might be inspired to evaluate the doc Discovering Articles: A Fast Begin Information and The Analysis Means of Data Literacy LibGuide.
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Directions
Ted Brown and Jim Green have been discussing beginning a business together for a number of months and are wanting to get began earlier than the top of this month. Nonetheless, each Ted Brown and Jim Green should be out of city for a number of weeks on different business, so Ted Brown has knowledgeable his 16-year-old son, Theodore, in regards to the discussions with Jim Green and has appointed Theodore to finish the business’s remaining negotiations. Jim Green knowledgeable his 18-year-old son James in regards to the talks with Ted Brown and appointed James to finish the negotiations. Ted Brown and Jim Green intend to launch an organization that can create a cellular phone app.
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