Business law Assignment Example | Topics and Well Written Essays - 750 words - 1

Business law - Assignment Example Since Joe’s work includes a lot of heavy machinery and labour, one of the main regulatory and legal issues within the legal framework to be adhered to should be employee security and safety. He should also be able to provide adequate amount of medical facilities to his workers in case anything goes wrong since he is aware that he is working with heavy machinery that is likely to cause damages due to negligence. Thus, Joe should modify his business in such a manner that he does not get held or prosecuted for wrongfully being negligent about these crucial parts of his business. Since Joe’s work is mainly based on contract laborers, Joe should lay down a set of terms and conditions pertaining to the entirety of the business so that he comes off as taking at least some amount of charge for anything that happens or goes wrong. This can be done with ease since he already has a high number of clients and a building repute. (Legal Issues With Contract Labour) All these measures will not only help Joe to safeguard his employees and maintain his repute but might also help to check the reasons for the high rate of employee turnover that exists within his firm. When it comes to the choice of entity, it means what type the business will actually take place as, from a legal aspect of course. Here the main thing to be discussed is what kind of a firm Joe will form for his own. According to all the information provided, Joe already has a company because he has a number of workers working for him, however he owns it solely. If he wishes, he may convert this into a partnership form of firm because he can then have someone else sharing the profits, since the revenue turnover is extremely high, that would not really be a problem. Also, the main thing to look into is the fact that in a partnership, the liability is extended out to all the partners and