BL 2990 Lecture Notes - Lecture 2: Pregnancy Discrimination Act, Civil Rights Act Of 1964, Contract

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23 Nov 2016
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Vii : compliance with title vii is monitored by the equal. 1967: prohibits employment discrimination on the basis of age against individuals forty years of age or older, the act also prohibits mandatory retirement for nonmanagerial workers, state jobs are not protected by the. Method of creation: created at will by owner. Legal position: not a sepatate enitiy; owner of business is the business. Duration: determined by owner; dissolved on owners death. Transferability: interest can be transferred, but individuals proprietorship then ends. Taxation: owner pay personal taxes on business income. Organizational fees, annual license fees, and annual reports: none or minimal: partnerships. Method of creation: created by agreement of the parties. Legal position: in a separate legal entity in most states. Duration: terminated by agreement of the partners, but can continue to do business even when a partner dissociates form the partnership. Transferability of interest: although partnership interest can be assigned, assignee does not have full rights of a partner.

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