Discussion Unit 8 Business law and Microeconomics

[ LS311 | Business Law ]

You Can Do IT! 1

Assignment | Unit 8

In this Unit, you will fill out the documents necessary to create your own corporation (Articles of

Incorporation). A W eb resource to locate your secretary of state online is provided below.

Assignment 1:

1. W rite up a brief description of your fictional business (200-500 words). Describe how you filled out

the form and any decisions you needed to make during the process.

2. Fill out the Articles of Incorporation based on the description you provided.

Note: If your state does not have the form available to download online, use any State’s form from the

example below. Be sure to save your filled-out form to submit with Assignment 1 above.

You may find that many of these forms are in a PDF format, which will not allow you to save the

information to your computer. If this is the case, then attach the PDF form to the Dropbox and fill out the

information on a separate Microsoft W ord document and attach it as well. You may have multiple

attachments once you have completed this assignment.

Web Resource

The National Association of Secretaries of State (NASS) has a list of each state's secretary of state’s

website.

Source: The National Association of Secretaries of State (NASS): Retrieved from

http://nass.org/index.php?option=com_content&task=view&id=89&Itemid=223

[ LS311 | Business Law ]

You Can Do IT! 2

Assignment 2: Case Analysis

Scenario:

Greg Allen is an employee, shareholder, director and the president of Greg Allen Construction Corp. In 1996, Daniel and Sondra Estelle hired Allen’s firm to renovate a home they owned in Ladoga, Indiana. To finance the cost, they obtained a line of credit from Banc One, Indiana, which required periodic inspections to disburse funds. Allen was on the job every day and supervised all of the work.

He designed all of the structural changes, including a floor system for the bedroom over the living room, the floor system of the living room, and the stairway to the second floor. He did all of the electrical, plumbing, and carpentry work and installed all of the windows. He did most of the drywall taping and finishing and most of the painting.

The Estelles found much of this work to be unacceptable, and the bank's inspector agreed that it was of poor quality.

When Allen failed to act on the Estelle's complaints, they filed a suit in an Indiana State court against Allen Construction Corporation and Allen personally, alleging in part that his individual work on the project was negligent. Can both Allen and his corporation be held liable for this tort? Explain.

In responding to the question be sure to:

• Analyze whether or not a director/officer can be held liable for the torts of the Greg Allen

Construction Corporation. • Discuss whether or not the facts would constitute the type of act protected by the

corporate entity.

Directions for Submitting Your Assignment: Please label your projects: username-project-unit.doc. For example, a student named Tina Allen would name her file TAllen-CriminalLawEssay-Unit2.doc. Submit your Assignment by selecting the appropriate Dropbox by the end of the unit.