Sole Proprietorship

Read Ch 10 Criminal Law and Cyber Law then Answer the following questions. 1. What is HIPAA and how this important for you? 2. Can a nurse at a hospital pull up any patient’s record, like those of an actor if the nurse is curious to know more about this patient? Next, Read Ch 11 then Answer the following question. 3. Verbal/Oral contracts are common when 2 people just state their promises as they are talking. How strong can these be and do you think it is good to make verbal contracts? 4 . When you download a new app for your cell phone or when you are required to agree to the new contractual terms and conditions for Facebook , eBay or amazon, etc., do you ever read this? Why or why not? 4b. Do you own your posted social media pics/videos that you post on Facebook, Instagram, Twitter , Snapchat, TikTok, etc.? Search online to find out. Briefly Answer the Following questions (Write your answer directly into the text box or copy and paste it from your computer) Business Law Homework Use your book or the Internet and read the posted business structure info above this posting, to briefly answer the following questions. (Please do not cut and paste from the web, because it will be flagged by a plagiarism checker, simply put it into your words) 1. (a) What is a sole proprietorship? (b) What is the benefit of a sole proprietorship? (c ) What are the disadvantages of a sole proprietorship (d) How much does it cost to form a sole proprietorship? 2. Answer the following: (a) Define corporation. (b) What is the benefit of a corporation? (c) Approximately how much does it initially cost to form a corporation? How much are the yearly costs to maintain a corporation? List the 4 parts of a Valid Contract and Provide an Example for each part that would occur in the real world. (1 Paragraph for each part of a contract 5 sentences) 1. 2. 3. 4.

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