Forms of Doing Business - An Introduction - Edubirdie

University:
Massachusetts Institute of Technology
Course:
15.992 | S-Lab: Laboratory for Sustainable Business
Academic year:

2023
Views:

247

Pages:

2
Author:

Howard Lin

Forms of Doing Business - An Introduction 1. 2. 3. 4. Looking ahead Exercise The manager and M&A Forms of doing business What is it like to be a manager? • Will there be jobs • Conflict of Board of Directors • Position of acquiring We have a system called “At will” employment; either party can walk away from a party for any reason whatsoever. • • • • We downsize in the US, with very few problems and trepidation. If you have a contract, and it was broken, and you were fired, you can sue for damages. You need to mitigate (find a new job), if the money is less, you get the difference from the court. Employment lawyers will tell you to get a severance package (not limited by responsibility to mitigate) Compensations timing: • the law is pro-employer • So you might get that bonus. • Violation of an employer’s obligation of good faith. If you are a salesperson and there is a clear idea of what you need to do to get compensated, you will win in court, if your boss calls you after a time t before compensation. 1. Non-competition agreements 2. Trade secrets 3. duty of loyalty 1.) I, the employer agree that after I leave his job, I will not join a company that puts me in direct contact with my former employer. a.) Legitimate interest that the employer is trying to protect (training). Law says that this is not a legitimate interest. i. You are at risk if you teach someone sensitive skills 1. legitimate interest: good will 2. IP 2.) Protecting trade secrets is very important a.) Constraints must be reasonable i. Time ii. Function iii. Geography b.) blue pencil states: those narrow down a contract c.) Scenario: you are a programmer, and you emailed home your code, so you have proprietary. You leave the job then. What do you do? i. Your new boss will fire you b/c you took something tangible, b/c he doesn’t want to face a lawsuit. 3.) One issue in Duty of Loyalty is what’s yours and what’s your bosses? a.) When your boss is paying you, you can’t have a 2nd job. b.) Duty of loyalty gets thrown into high relief when you are leaving. c.) Usually a serial monogamy model d.) When someone is quitting this is what should happen: i. You notify your boss ii. Your boss notifies client and says we will provide you coverage for the employees that are leaving. We would like you to stay with us. We will both act responsibly. • • Forms of doing business: o Partnership General Limited partnership (b/c of tax aspect, this is preferred) Corporation (S or C) o Corporate has 2 layers of tax

Related Documents

Forms of Doing Business - An Introduction

Forms of Doing Business - An Introduction - Page 1

Forms of Doing Business - An Introduction - Page 2

of 2

Recommended Documents

Should Motorola Embrace 100% the Linux Operating System (OS) For Smartphones

Should Motorola Embrace 100% the Linux Operating System (OS) For Smartphones

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Integrated Development Environments

Integrated Development Environments

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Matching Supply and Demand - Tug of War

Matching Supply and Demand - Tug of War

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Supply Chain Management - Value of Information

Supply Chain Management - Value of Information

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Roadmap for Service Excellence

Roadmap for Service Excellence

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Bargaining Simulation All Secret Instructions

Bargaining Simulation All Secret Instructions

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Coalition Exercise - Questions for Reflection

Coalition Exercise - Questions for Reflection

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Assignment Description for the PIE Letter

Assignment Description for the PIE Letter

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Answer Key

Information Technology Introduction to User Interface Building with Access Examples

Information Technology Introduction to User Interface Building with Access Examples

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Information Technology Local Area Networks; Ethernet; Packet-switched Networks

Information Technology Local Area Networks; Ethernet; Packet-switched Networks

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Assignment Due - PS4 due, Networks and Computer Security

Assignment Due - PS4 due, Networks and Computer Security

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Answer Key

Prepare Worksheet for Angry Negotiation Game

Prepare Worksheet for Angry Negotiation Game

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Answer Key

New Documents from this Course

Managing Teams

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Global Management

Global Management

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Managing Information

Managing Information

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Planning

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

A Guide for Preparing Your Workplan

A Guide for Preparing Your Workplan

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Action at the Industry and Societal Levels - Industry Collaborations

Action at the Industry and Societal Levels - Industry Collaborations

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Green Buildings - New Markets and Services

Green Buildings - New Markets and Services

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Case Example of Alternative Transportation Opportunities

Case Example of Alternative Transportation Opportunities

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Sustainable retail. Can big box stores really go green

Sustainable retail. Can big box stores really go green

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Organizational response

Organizational response

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Lecture Note

Bargaining Simulation General Instructions

Bargaining Simulation General Instructions

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Answer Key

Tax Considerations in Deal Structures

Tax Considerations in Deal Structures

Massachusetts Institute of Technology 15.992 | S-Lab: Laboratory for Sustainable Business

Answer Key