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Location, Location, Location

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Location, Location, Location
ACC 543

Location, Location, Location White water rafting has exploded onto the adventure sports scene in the last 10 years. This explosion has broadened the business market for rafting companies in Oregon, Idaho and Colorado. In order to open a new rafting business research must be conducted into the legal ramifications pertinent to the area. Of direct concern are the legal aspects of real property, personal property, business insurance, and environmental issues and regulations.
Evaluate the legal aspects of acquiring, holding, and disposing of real property
Sole proprietors, corporations, limited liability companies, and partnerships can receive, hold and transfer title to real property in the same …show more content…

If the owner finds that the property is no longer providing benefits to him, then also, the property can be sold out. Additionally, if the property 's term with the owner is complete, then also he can go for its disposal. If the owner had not made the full payment for the property, then, he is required to get the consent of the original owner and thereafter, sale the property; otherwise, his behavior would not considered to be legal.
Analyze the business use of insurance for various risks
Various forms of insurance will need to be acquired in order to minimize the risk of performing business as a river rafting company. The main sources of risk the company will face are injuries to our clients while on the river, injuries to our employees while performing their occupational duties, damage to the rafts or other equipment while being used on the river and damages to our mobile home office on the riverbank most likely due to a flood. The types of insurance that will minimize the monetary loss and liability the company will face from these events are two forms of professional liability insurance, worker’s compensation insurance, property insurance and business interruption insurance. Property insurance will compensate the business for the damages to our office in the event of a flood or other disaster while business interruption insurance will provide the business with the lost revenue that occurred due to the inability to continue operations after

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