Picture This: Business Organizations

Instructions and Information

For full credit on this assignment find or create, share , and explain a digital collage of five images or one video that represents the topics for the past two weeks: Criminal Law and Business Organizations.  Bonus points are available if you create the images or video yourself.  Then, leave a comment for two classmates.For credit on the assignment:Share a digital collage of at least five images or share a video that represent the topics listed above.

Write a narrative of at least 250 words that explains why you choose these images / video. Your narrative must demonstrate to me that you understand the legal topic we are studying.

Unit Summary: Business Organizations

Instructions and Information

The questions below provide you the opportunity to practice your legal skills and grow your knowledge of the topics covered in this module. Note, the textbook will help you answer these questions yet you may need to also do some research on your own.

Review Questions: Business Organizations

Scenario: Andrew, Bob, and Christine are attorneys who formed a law firm. They filed no documents with the Secretary of State or any other state office. They equally share the firm’s profits after paying all expenses and make all business and management decisions. Associate attorneys are paid a fixed salary, plus 25% of gross billings for any clients they bring to the firm. Senior attorneys are paid based upon the number of hours they bill plus an annual bonus if they bill more than 2,000 hours in a year. The senior attorney bonus pool is equal to 5% of firm profits, which is split equally by the number of qualifying senior attorneys each year. Andrew, Bob, and Christine agreed to bestow the title “non-equity partner” on senior attorneys even though senior attorneys have no management authority. The firm website and business cards for senior attorneys list their title as “partner.”

Question: What type of business entity is the firm using to conduct business? Discuss.

Part Two:

The learning goal for this unit were for you to:

Learn about the factors that go into organizing a business and learn about the effects of bankruptcy on business and consumers.

Do you feel you met these learning goals?  Please explain your answer with specific examples.  Will you do anything differently during next week to give yourself the best opportunity to meet the learning goals? Please write at least 100 words in answer to this question.