Jane and Jia are two influential bloggers who are passionate about makeup. They saw an opportunity to make some money by selling beauty products. They decided to create their own line of lipstick – Rouge - and take full advantage of the online world to market Rouge on social media. Jane and Jia used their own monies and a loan Jane obtained from her friend, Mahit, to place an order for a small batch of lipstick with a famous cosmetics manufacturer ‘Neon Lipstick’. Mahit had no interest in makeup, but he was happy to help his friend, Jane, with her start-up business. Jane and Jia planned to recoup the monies they spent from the profits and then pay the balance to Mahit. 1) Under what type of business structure is this business running? Furthermore look at everyone who might be involved in this business, i.e. Jane, Julia and Mahit and discuss their status in regards to the business. Give reasons for your answer; in particular support your answer by citing relevant cases and statutes.
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Jane and Jia are two influential bloggers who are passionate about makeup. They saw an opportunity to make some money by...
Jane and Jia are two influential bloggers who are passionate about makeup. They saw an opportunity to make some money by selling beauty products. They decided to create their own line of lipstick – Rouge - and take full advantage of the online world to market Rouge on social media. Jane and Jia used their own monies and a loan Jane obtained from her friend, Mahit, to place an order for a small batch of lipstick with a famous cosmetics...