Define each of the five business organizations?

The moderate liability partnership is a social club wherein two or more persons compress to contribute to a common m onetary fund money or property and destine the profits among themselves. There is at least(prenominal) one limited partner and one general partner. A transaction whitethorn also be run by means of franchising which allows a contrast musical arrangement to transfer the rights and privileges of the business to anformer(a) for a consideration. Such consideration is called franchise fee.In elusion of joint venture, it is a business presidency between two corporations where the participants deviate from traditional matters on corporate management in terms of voting, control and selection of employees, and arbitration proceedings. In case of license, the government get out act upon any business natural covering filed by a business boldness or an individual and provide such(prenominal) license to enter into business endeavors. Lastly, for doctor proprietorship , an individual chose to run the business on his own and without any help from new(prenominal) persons.Week 2 Discussion Question 2 What legal and ethical issues must a business consider when deciding whether or not to do business globally? The ethical issues that a business constitution must consider when deciding whether or not to do business globally are integrity of business endeavors, consideration mission and vision properly and as well as propriety of result values. Doing business globally includes the adaptation of the culture, values, customs duty and economic conditions in other countries.Hence, the business organization must see to it that the fondness values of the company are frequent and ethical in nature. On the other hand, the legal issues that should be considered is about laws elusive in having business outside the untaught and as well as treaties problematic in the same. The laws of other countries will hit the success of the business done globally. Las tly, the issues on taxation must also be considered by the business organization doing business outside the country.