Business Owner Of A Small Storage Company Essay - 1387 Words

Bailments As the business owner of a small storage company here in central Vermont I face many legal challenges. I have to create and use contracts to protect my business, and my customers. I maintain all of my facilities to provide an adequate storage facility to keep all customers items safe. I carry insurance to protect me, and my company, and I have even formed my business as a Limited Liability Company, (LLC) to help create liability protection for myself. However, a constant problem that I face as an owner of a storage company is bailments. Being a storage provider I am continuously creating bailments between my business and customers. The bailments I create are bailments for mutual benefit. The bailor stores his items in my facility with the expectation the facilities will be suitable and as described. In return my business, the bailee, will be compensated in accordance with the agreed upon price. My business deals with hundreds of bailments each year. To strengthen my business, and av oid litigation and legal suits involving bailments, I need to understand what a bailment is, how they work, and examine other legal cases involving bailments. A bailment is, a legal relationship in common law, where actual possession of personal property is transferred from one individual (Bailor), to another individual (Bailee). The bailee then has possession of the property. Bailments often are formed when an object or objects are given to someone for safe keeping. The most commonShow MoreRelatedAdvantages And Disadvantages Of Pods701 Words   |  3 Pages PODS (Portable On Demand Storage) was founded in 1998 by Peter Warhurst, he was trying to expand his family’s small storage business (Wikipedia). PODS reinvented the way people could move and store their belongings. A PODS container is delivered directly to the customer’s location for them to load at their leisure. Then, PODS will deliver the container or store it at a storage center. This made moving less stressful, less workRead MoreRisk Analysis for Outsourcing Decisions1466 Words   |  6 Pagesyour data storage; b) the use of an enterprise service provider for processing information systems applications such as a payroll, human resources, or sales order taking; c) the use of a vendor to support your desktop computers; and d) the use of a vendor to provide network support. The paper will include a risk mitigation strategy for each situation. Risk Analysis for Outsourcing Decisions Outsourcing, as defined by Wikipedia, the free encyclopedia, is the contracting out of a business functionRead MorePods: the Evolution of Small Busienss1329 Words   |  6 PagesPODS: The Evolution of a Small Business Small businesses are very important to the United State economy because 65 percent of new jobs over the past 17 years come from small business (Unites States). Everyone wants to own his or her own business, but having a good idea to start a business is not easy task; however, Peter Warhurst is one of the most successful entrepreneurs who dared to start his business with his three partners: Roy Courtney, David Revelia and Bill Ash. They were once firefightersRead MoreIdentification And Discussion Of Critical Success Factors1432 Words   |  6 Pagesfactors of strategic importance for the company to succeed. Brief History of Storage Industry Self-storage is a relatively new industry, with the first self-storage facility located in Corpus Christi, TX in the sixties, and the first ‘portable’ storage operation originating in Clearwater, FL in 1989 (Sonne, 2013). Due to the short history available, comparable to many industries, there is not a great deal of statistics and analytical information on the storage industry. What is known is that in lessRead MoreResearch Paper On Latest Technology872 Words   |  4 PagesThe Latest Tech Tools Make It Easier for Businesses to Stay Competitive – Here’s How Storage, communication, finance, conferencing and ecommerce solutions make it possible for businesses to flourish and succeed. In this digital space, everyone knows how much of an impact tech tools have created on global businesses. But if there is one place that has benefited the most from tech tools is business world. With mobile apps, cloud computing, great collaboration tools, DIY accounting software, easy taskRead MoreBenefits Of Self Storage For Home Owners1176 Words   |  5 Pages There are many reasons home owners and business owners make use of self storage facilities. Self storage offers numerous benefits and in this article, I will talk about some of the main benefits of using self storage facilities. Benefits Of Self Storage For Home Owners Hoarding - when we have the desire to hold on to things, we want to create some space for those things so we can use them later on in our lives. Many people have this fear of throwing things which they think may be useful for themRead MoreCase Study Questions On Baggage Handling Systems1520 Words   |  7 Pageswhich flight will the luggage go to. †¢ Organization: Baggage handling services hired by airline companies were unreliable and have made customers dissatisfied with the services provided. Initiating baggage-handling system is the right decision made by the airline companies even though it was an expensive project. If the baggage handling system were implemented correctly, it would save airline companies the cost of lost and mistreated bags, which was a major expense for them. †¢ Technology: Baggage-handlingRead MoreData and Technology in Business1053 Words   |  4 Pagescompanys activities (management) are related to collection, storage, and analysis and interpreting data. The purpose of data collection is to get hold of information and to continuously record and to make decisions on key issues. Data collection is the storage of data and prepare for the future process. Moreover, every piece information is a valuable resource in business, such as cost of production, share prices and exchange rates, company reports and market research. The information (data) is mostlyRead MoreBlandin Adalid Case Study Datavast Inc Essay1457 Words   |  6 PagesMoses. Executive Summary Winston Hao, the owner of Datavast Inc., is operating at a loss and needs to find out a way to be profitable this year. Datavast Inc. sells Data Security Boxes to big and small companies in China who are new to the concept of cloud storage. Winston Hao needs to dial in his target market, but the real issue is not enough sales. Hao is certain to segment to try to emphasis deep in order for him to build up his company. One of the issues that affect Datavast would beRead MoreA Company Owned By Family Is The Way To Go In This Instance.1732 Words   |  7 PagesA company owned by family is the way to go in this instance. SDL Home Improvement Contractors, Inc, is a small family and friend based corporation, which started out of the town Hatfield, Ma. This little corporation had opened its doors in 2013.   For the size of the company they actually handle a pretty big workload. I was actually quite impressed with how this company functions behind the scenes, I hope you are too.  Ã‚   The first question I had was what prompted them to open this kind of business,