Limited Liability and Partnership Corporation Essay

Limited Liability and Partnership Corporation - Essay Example This stipulation becomes of significant value when the company defaults or files for bankruptcy subsequently initiating a liquidation process. 2) Auditing Ease: - Limited liability companies require much less paperwork and bookkeeping than corporations. Also some of the standard laws of the company’s ordinance applicable on corporations do not apply on limited liability companies such as annual general meeting, appointment of directors, annual reports, etc. 3) Advantageous Tax Treatment: - A limited liability company has the privilege of being taxed as a sole proprietorship, partnership or a corporation. This fact is of significant value as several entities may chose different options depending on the state tax laws in place. 4) Avoiding Double Taxation: - Unlike corporations, Limited liability companies do not have to face double taxation, although the shareholders have limited liability. In corporations, taxes are applicable at the corporate level first and then at the share holder level. Such is not the case with a limited liability company (Jitman, 2009). ... This fact does not allow a limited liability company to gauge loans or investments easily as most lenders seek personal assurances in case of default which defeats the purpose of LLC. 2) Managerial Difficulties: - This new form of the business organization is understood by most stakeholders involved initially which results in managerial difficulties in determining the chain of command to people within and outside the organization. Creditors are reluctant to lend as they do not quite understand who is responsible. (Mclaney, 2009) Partnership Introduction: - A partnership is an association of individuals or an unincorporated company that is formed by two or more persons, created by agreement along with proof of existence and personal liability of owners in case of default or liquidation of the company (Mclaney, 2009). Partnerships are characterized by intricacies in terms of defining relationships between partners themselves and relationship of the partnership company among the outside world. The problem of relationship between the partners is sorted out with a legal binding contract that lays down the framework of the company along with individual and collective responsibilities. Members in a partnership can stretch from 2 to 20 depending on the need of capital and other necessities of the business (Jitman, 2009). The assets of a business are owner by the partners and the partners are jointly or severely responsible for fulfilling liquidation clauses and terms in case of default, including keeping their personal assets at stake for paying creditors. Each partner is deemed to be an agent of the business hence if a partner is carrying out business related

The challenge of police leadership Research Paper

The challenge of police leadership - Research Paper Example amongst the team, the importance of empowering employees, the importance of making decisions with consensus, and the importance of the implementation of actions in the transparent way is highly important for becoming successful leaders. The police department also needs good leadership skills to control the law and order in the society and community (Tully 1999). The leadership skills required by the police force of any country are faced by many challenges. The biggest challenge is to control the people and make sure that everyone obeys the law. Those that are violating the laws need to be dealt in a stern way by the police (Tully 1999). Challenges with police leadership also lie in controlling the performances of the employees and delegating those tasks according to their potential and ability. The police leaders also need to control their subordinates in an effective manner so that all the subordinates conduct their duties in the manner required. Delegating orders to the subordinates by the leaders of police is a very commanding and autonomous task. It needs to be conducted with careful reviews so that all the goals and objectives are attained successfully by the department of police (Guest 2002). The leaders need to ensure that commitment and dedication is present in the employees of the police department so that when critical tasks are assigned to them, it can be ensured that the task will be carried out well by the employees. The leaders need to listen to the problems of the subordinates and other employees. If employee problems and views are considered there are high chances that successful police leadership can be attained as all employees would be willingly working hard to achieve successful results (Gilmartin and John 1998). There are ethical challenges faced by the police leadership. Bribery is one of the common things observed in the police departments. The leaders of the police department should ensure that they don’t get involved into any

The Mexican Revolution of 1910 Essay Example | Topics and Well Written Essays - 1250 words

The Mexican Revolution of 1910 - Essay Example erefore, the themes of the revolution were to end dictatorship and institute land reforms, summarized in the terms ‘land belongs to those who work in it’ (Gonzales, 47). The story of the revolution that can be seen through the lens of these sources is that of a people putting their foot down and demanding a change that would see the actual people who labored in the farms reap the benefits of their sweat and labor, at the expense of the landowners benefiting from the same. The revolution was largely sparked by a plan written by Francisco Madero, an exile political activist living in Texas US in 1910, on how the dictatorial government of the then president Porfirio DÃ ­az would be removed from office (Madero, 732). This document inspired many rebels and intellectuals who were opposed to the dictatorial rule of Diaz that had violated the Mexican constitution of 1857, thus the rebels decided to take up arms. Led by a rebel leader, Francisco Villa from north Mexico, the rebels took up arms and started the struggle from the northern states. It is the success of the northern rebel troops that inspired the outbreak of armed struggle throughout the country, with the south Mexico rebels, led by Emiliano Zapata from the south starting their struggle. Thus, realizing that things were going terribly wrong, the dictatorial president, DÃ ­az, resigned and fled the country on may 1911 (de Fuentes, n.p.). This was the hallmark of the revolution, which nevertheless continued throughout the decade ending the 1920s. The notable social cause of the Mexican Revolution of 1910 was the lack of voice of the people in the leadership of the country. Thus, social welfare of the Mexican was largely denied, with the freedom of press and education that forms essential social platform for a free society, being greatly restricted to the poor and the peasant Mexicans (Coerver and Hall, 22). The government of President Diaz had come into power through a coup, and then it consolidated power

Social economics Essay Example | Topics and Well Written Essays - 2000 words

Social economics - Essay Example Improving the social being is one of the prime concerns of the governments and devotes a lot of interest to achieve economic prosperity. But economic prosperity may not bring improved social well being for all as well being is not directly related to income. The aspects of social capital can act to reduce transaction costs and also encourage behavior and trust. The different sources within the community can be thought of as the origination of social capital. Social capital can operate and emerge in families and educational institutions and also in business and local community. Social capital can have both positive and negative impacts on the society. On the one hand it creates social division and on the other leads to social and economic well being at least for some sections of the society. There are mainly five mechanisms by which social capital can affect the outcomes. A distinction can be made between the formal and informal forms of social capital. Formal social capital refers to patterns of behavior, exchange norms, networks which are formally defined. The networks operating outside this formal system refer to informal social capital. The usefulness of this distinction lies in illustrating the problems arising in operations of social capital. The first kind of social capital can be found in the extent of civil society while the second form can be difficult to find as it requires household surveys. At the national level poverty refers to a country’s lack of resources necessary towards education, health and infrastructure. This may give rise to political unrest. In the developed countries poverty is one of the social problems. Poverty alleviation has been one of the guiding principles for most of the governments. The role of economic growth and development in creating employment avenues has clearly been recognized. Some specific sectors have been chosen by most administrations and growth oriented approach has been undertaken.

Critical Thinking and Ethics Essay Example for Free

Critical Thinking and Ethics Essay What is the relationship between ethics and critical thinking? Critical thinking and ethics are used in everyday life. I think it best that we define the two terms before we get deep into the discussion. The Merriam-Webster dictionary says ethics is â€Å"the discipline dealing with what are good and bad with moral duty and obligation† and Dictionary Reference say critical thinking is â€Å"disciplined thinking that is clear, rational, open-minded, and informed by evidence†. These could both be further defined by saying they are the ability to make good or bad choices and the act of thoroughly thinking through a decision. Critical thinking and ethics decisions are life skills. Critical Thinking There are six levels in the critical thinking process. They are remembering, understanding, applying, analyzing, evaluating, and creating. The majority of people use the first four levels in day to day life. The final two levels are probably used in more complex problems and more time will be required in devotion to applying these steps. Critical thinking is used in our day to day lives. We make multiple decisions in a day’s time. Some of these decisions are routine and some require more effort and time. We learn to evaluate things at a young age and most likely pick up most of our problem solving skills from our parents. When you hear the term â€Å"critical thinking† your first thought may be negative but critical thinking should not be thought of as â€Å"being critical† but rather â€Å"think critically†. During our life there will be times when we need to make decisions that can be life altering. A few examples might be buying a new car, choosing courses at your university, or deciding between a two jobs. Everyone can relate to the stress of buying a new car. This is a decision that could  affect you for the next five years and it’s a decision that should not be taken lightly. My decision to buy the car may have a different outcome if I start the process with questions as opposed to making a emotional purchase. Those questions might look something like this, â€Å"What type of car do I want?†, â€Å"What amount of payment can I afford?†, and â€Å"What is the best car make?†. All of these questions will determine the outcome. Answering all these questions will allow me to make an informed decision. Ethics We stated earlier that ethics deals with knowing what is right or wrong. We do the right thing because it is the law, because it is what we were taught, or because we listen to our inner voice. I used a personal evaluation tool earlier this week called the ethical inventory list. This was an activity to help me better understand the values that influence my decisions. This tool produced some shocking results which I was surprised to see. My preferred ethical lens was Reputation. I do care what people think and this has motivated me to excel in all things I do. My blind spot was revealed during this exercise and was identified as â€Å"unrealistic role expectation†. I had to read the definition twice to fully understand it and I still need to do more research. In short, I put too much value in the role (position) a person holds and that can cause you to forget that people make mistakes. My father was a law enforcement officer. I was taught what was right and wrong at a young ag e. My father took this to the extreme at times because he saw more bad than good while assuming his daily duties. I have always been known as the guy that will make the right choice even if that choice is the hard choice. Ethics apply to the professional world and well as the social sector. I work for a large heavy equipment manufacture. Ethics is one of our core values. The company makes ethical choices that affect the entire world. A few examples are promoting safety, recycling, emissions, and renewable resources. Do these topics cross your mind when you think of the largest heavy equipment manufacturers in the world? They may not but it is the professional right, the ethically right thing to do. When I first started working for the company I was surprised at how much emphasis was placed on safety. They require wearing PPE (personal protection equipment) and have mandatory monthly safety training. The company recycles everything. They recycle all metal products, cardboard, plastics, wood, and  even personal trash has to be sorted. Professional companies maintain high ethical standards because it is the right thing to do for their employees and customers. Social ethics is doing what is right for the people around you. When I think of social ethics a couple things come to mind. First is the â€Å"adopt a highway† sign that you see along the roadway when you drive home. Groups of people come together for no apparent reason besides keep the world a cleaner place. Is this the right thing to do? Sure it is. Another example is the groups of people that come together at public parks to do maintenance and clean-up work. Chances are they do not live in the neighborhood, nor do they have children that play there. Why do people strangers come together sacrificing their free time to volunteer for activities like these? There is one answer. They are the ethically right thing to do. Conclusion Ethics are a vital part of survival but we need to be reminded ourselves that ethics change as the world changes. Things that used to be considered in a negative manner is now accepted by society. However, we still need ethical decisions in order for us to thrive as a community, a society, and a civilization. References Ethics [Def. 1]. (n.d.). Merriam-Webster Online. In Merriam-Webster. Retrieved October 16, 2014, from http://merriam-webster.com/dictionary/ethics Critical Thinking [Def. 2]. (n.d.). Dictionary Reference Online. In Dictionary Reference Online. Retrieved October 16, 2014, from dictionary.reference.com/browse/critical+thinking

Thailand environment, crime and disease

Thailand environment, crime and disease Thailand Environment, Crime and Disease While Thailand has come a long way in the past few decades, it still has quite a long ways to go as far as development. Crime and disease are still prevalent, and through its development in its economy, and culture, they face new environmental problems. Globalization has brought many positive aspects to Thailand and to its development as a country; however it has had its negative effects. The prime negativity to Thailands development is the harm to its environment. Being an export-dependent country, their development relied heavily on the increased production of the exports resulting in a lowered water and air quality (heightened pollution), and a loss of natural habitats. To counter this affect of industrialization and urbanization, the country and citizens have created multiple organizations, and policies to fight the negative affects to their environment. However, the speed at which these things are being implemented is much slower than that of the growth of industrialization in their economy. The air pollution in Bangkok even became two and a half times the standards set by the World Health Organization (Thailand). Thailand has an abundance of resources, both for production, and the possibility of renewable resources, to combat pollution, and harming the land with food production. However, while there have been efforts made to fight for the environment, they see multiple barriers to progress some of them being a lack of actual implementation, and enforcement of policies, and a lack of financing to implement a strong utilization of their renewable energy resources (Uddin 2010). Crime is another occurrence that Thailand still needs to fight through its development. Currently, the two main crimes facing Thais are human trafficking, and extreme violence stemming from protests in the streets of Bangkok over the political dispute. As far as human trafficking, Thailand is a source, a destination, and a pass-through route for human trafficking of men, women and children. Thai women and children are sent to â€Å"Japan, Malaysia, South Africa, Bahrain, Australia, Singapore, Europe, Canada and the United States for sexual and labor exploitation†. Some Thailand natives are actually coerced to leave Thailand and move to Taiwan, Malaysia, US or the Middle East by some job recruiting agency, however, the individuals rack up a large debt to these agencies, and are then forced into â€Å"involuntary servitude†. Women are even trafficked within Thailand, from the north/Northwest to the areas capital, Bangkok, for the purpose of becoming sex slaves. However, t he human trafficking, especially within Thailand itself, is decreasing due to an increased effort to implement preventative programs, and more economic opportunities for the women of Thailand. Those who are trafficked into Thailand typically come from â€Å"Burma, Cambodia, Laos, Peoples Republic of China, Russian and Uzbekistan†, and are women and children for the purpose of labor and sexual purposes. The typical labor jobs those Trafficked to Thailand â€Å"take† involved begging or fishing. As a combat against this horrible crime, Thailand has created many places and organizations for those who are adversely affected by human trafficking, whether it be a need for psychological help after abuse they may have incurred through the process, or a need for a place to stay, Thailand has plenty of resources. These programs provided mostly by the International Organization for Migration can provide shelter, healthcare, and food to those climbing out of their abusive situatio ns from human trafficking, attempting to create a better life for themselves (HumanTrafficking.org). The other Tier of hardship Thailand faces it the fight against HIV/AIDs within their community. Not only is it being passed from person to person in heterosexual relationships, but it is being passed from mother to child during pregnancy and/or breastfeeding. To combat this disease, Thailand officials have created multiple processes and programs to help control this epidemic. One of the methods involves the collection of blood donations. Thailand used to pay individuals, who gave blood, but they have gotten rid of any monetary benefit from giving blood, and those who do donate must be tested for HIV prior to their blood being accepted. Additionally, there have been multiple campaigns including â€Å"100 percent condom campaign†, to promote the use of condoms in all relationships, considering the high rate of HIV from commercial sexual activity that occurs in Thailand with their young male community. HIV contracted from mother to child has currently infected 30,000 children, an d resulted in 7,500 AIDS cases in children. Without preventative measures, 3,000 of the 10,000 children born at risk of contracting HIV through their mothers would be infected per year. The Ministry of Public Health of Thailand has taken an interest in this unfortunate epidemic. Some of the processes this group has implemented are HIV screenings after birth for both mother and child, and advising against breastfeeding for HIV positives mothers (Kanshana 2004). In addition to globalization playing a role in the environment, disease and crime in Thailand, they also play a large role in the globalization and development of Thailand. As previously stated, with the globalization came a long period of industrialization for the economy of Thailand, but due to this, it has harmed the land that they depend on for over 70% of their GDP. This will make it harder to keep up with the growth of their economy (Uddin 2010). With globalization comes knowledge, which has led Thais to realize the benefits to a democracy, instead of the constitutional monarchy they are currently led by. The past few months have been marked by protests between the yellow (those in support of the current political climate) and red shirts (those who are protesting the current political state). The protestors are voicing their disagreement with the government being overtaken after the progression of their political process to have an elected official, and returning to a monarchy by political force. They are currently experiencing the â€Å"worst political violence† that they had ever seen in more than twenty years. On April 10th, 2010, the non-violent protests were combated â€Å"with tear gas, gunfire, and explosions†. Prime Minister Abhisit Vejjajiva, who the protestors are calling to resign and allow an elected official to run office, states that he chose to use force on the protestors so that the government di d not appear weak. Even though the activities of the protestors were completely peaceful, the fact that they had gone on for three days with no signs of receding in their protesting effort seemed to be enough for the government to react violently (Mydans 2010). So while globalization brings many positive factors into an economy experiencing growth and development from an otherwise poverty-stricken, undeveloped state, there are many negative factors that the country must combat to continue on their road to further development and success. It seems as through the efforts are there, and they are progressing as a country, but a stronger, more wide-spread effort needs to be made in order for any implementations to stick, and have a true long-lasting affect on Thailand and their community. References HumanTrafficking.org | Thailand. (n.d.). HumanTrafficking.org: A Web Resource for Combating Human Trafficking in the East Asia Pacific Region. Retrieved May 2, 2010, from http://www.humantrafficking.org/countries/thailand Thailand. (n.d.). Thailand. Retrieved May 2, 2010, from http://www.worldbank.or.th/WBSITE/EXTERNAL/COUNTRIES/EASTASIAPACIFICEXT/THAILANDEXTN/0,,menuPK:333302~pagePK:1411 MYDANS, S., FULLER, T. (2010, April 11). Thai Protesters Repulse Troops; Gunfire and Explosions Erupt in the Streets. Urban Studies, p. 6. Kanshana, S., Naiwatanakul, T., Simonds, R. J., Amornwichet, P., Teeraratkul, A., Culnane, M. et al. (2004). Monitoring and evaluating the national program to prevent mother-to-child HIV transmission in Thailand. New Directions for Evaluation, 2004(103), 117 128. Uddin, S. N., Taplin, R., Yu, X. (2010). Towards a sustainable energy future—exploring current barriers and potential solutions in Thailand. Environment, Development and Sustainability, 12(1), 63 87. TOPIC COMMENTS Points Content Impact of issues on economy/development of country discussed: 65 points Issues: environment, crime, disease Research synthesized into conclusion and implications for continued globalization discussed. 35 points Mechanical errors: (1 point deductionf or first 2, 1 point deduction for each additional) up to a 10 point deduction APA format and references: Format: up to 5 point deduction Ref: 2 point deduction for sources that are not academically acceptable. If you have difficulty with APA format, the following website is one that offers examples that should be helpful: http://www.dianahacker.com/ resdoc/social.html Overquoted deduction (no more than 10% of your paper may be quoted material. No submission to turnitin: 3 point deduction

America Needs The Patient Protection Affordable Care Act Essay

The Patient Protection Affordable Care Act (PPACA) is a federal statute that was signed into law by President Barak Obama on March 23, 2010. The PPACA which is commonly referred to as â€Å"Obamacare† was endorsed by lawmakers based on the objective of shifting healthcare cost from the employer to the government. The enactment of the PPACA has been viewed as unprecedented by many based on the constitutionality concerns related to healthcare reform. In order to address some of the concerns related to healthcare reform it is important to go back and view the nation’s history. Prior to the nation experiencing globalization and free trade, businesses were designed as employee based models, freely offering health care coverage to their employees as a perk to promote loyalty among other incentives within their companies. As a result of globalization, employers have become less capable of offering the same healthcare coverage based on competition with other countries. In order for companies to stay competitive with the current free trade agreements, companies are finding it necessary to cut their overhead expenses, hence cutting healthcare coverage for employers. In other words, in a global economy the healthcare status quo is unsustainable; wages and incomes have progressively flat lined over the years due to the increase in healthcare coverage costs, these costs makes it impossible for employers to give raises to their employees and stay competitive within a global market. These issues endanger the survival our nation’s small businesses as well as large corporations, basically disrupting our nation’s commerce, which entitles the government to intercede with healthcare reform based on the commerce clause enumerated power listed ... ..., R. (2011). Compliance Matters. Matters of Integrity: Examining anti-fraud measures in the health care reform law. PT in Motion, 3(4), 37-40. Retrieved from EBSCOhost. Filson, C., Hollingsworth, J., Skolarus, T., Quentin Clemens, J. J., & Hollenbeck, B. (2011). Health care reform in 2010: transforming the delivery system to improve quality of care. World Journal of Urology, 29(1), 85-90 Pickert, K. (2011). Obamacare Goes Under The Knife. Time, 177(2), 48-51. Retrieved from EBSCOhost. Healthcare Reform: Retrieved from Public Broadcasting Services: August 16, 2011: PBS.org Stengel, R., & Ford, A. (2011). One Document, Under Siege. (Cover story). Time, 178(1), 30-45. Retrieved from EBSCOhost. Wilson, C. B. (2010). A Prescription for America's Health Care System. Vital Speeches of the Day, 76(9), 421-424. Retrieved from EBSCOhost. (Healthcare Reform, 2011)