ON THE TREATMENT OF CORPORATE GROUPS UNDER THE AUSTRALIAN LEGAL SYSTEM
TABL 2741 – Business Entities
On the Treatment of Corporate Groups under the Australian Legal System
Built on thousands of years of tradition, the contemporary legal system is as thorough and complete as it has ever been. Despite this, corporations law has evolved much more recently and, though ever evolving, often struggles to keep pace with the corporate sphere it governs. A key example of this is with respect to corporate groups, a relatively new form of conglomerate and one which works to exploit a legal system which is forced to compensate constantly. Corporate groups often take advantage of the concept of separate legal entity to isolate risks to certain…
A. Business Entity Distinctions
Business entities are chosen based on three criteria: liability, taxation, and recordkeeping. The first criterion (liability) focuses on how much debt an owner is personally liable for as well as how the debt ratio affects an owner’s ability to acquire capital. In his current election as a sole proprietorship, Mr. Jones is personally liable for all debts incurred while in operation. If Mr. Jones is unable to repay business debts; his personal assets can be seized…
RELATED WORK (tx)
Our PubMed entity relation extraction and search problem is related to two fields of study: Medical entity relation mining and Entity-related search system. In the medical text-mining domain, there exists some prior works about the relationship among medical entities shown in the knowledge databases[1,2]. The most popular one is Comparative Toxicogenomics Database (CTD) whose data, including relations between Chemical-Gene, Chemical-Disease and Gene-Disease. Unlike the specific…
Choosing the Right Business Entity for Maximum Growth
The legal entity that you choose for your business is one of the most crucial decisions you 'll make when it comes to realizing tax advantages that help your business grow. If you 've already established your business, it might be worth reviewing your business structure and finances with a Certified Tax Coach, and it’s always important to consider your options when starting a new company. Even though it might seem odd to…
program he used. Initially, it is found to be a seamless transition. Dennett can switch between the two with ease and a lack of concern. However, at the end of “Where Am I?”, we see this drastically change. Due to the evolving nature of the brain the two lost their sync, thus creating a paradox between Yorick and Hubert. While Hubert may be the direct replicate of Yorick it stands as an independent entity. This lack of interdependence caused this rift the come to fruition which in turn has…
at Vitality”. The PATIENT entity is on the “one” side of the relationship and the APPOINTMENT entity is on the “many” side of the relationship.
Relationship participation: mandatory on the “one” side of the relationship and optional on the “many” side of the relationship.
Explanation: The PATIENT entity is mandatory in the relationship because “A patient can schedule many appointments with one or more nutritionist at Vitality”. The APPOINTMENT entity is optional in the relationship because “A…
“The essence of the entity theory is that creditors, as well as stockholders, contribute resources to the firm, and the firm exists as a separate and distinct entity apart from these groups,” (Schroeder, Clark, & Cathey, 2014, p. 517).
Entity Theory Income Statement:
Cost of Goods Sold: $220,000
Gross Profit: $230,000
Operating Expenses: $64,000
Net Income: $166,000
Entity Theory Balance Sheet:
When starting a company many things must be considered. Among those is the legal entity
you want your company to be. There are several legal entities, each with their own advantages
and disadvantages. These will be looked at in order to come to a nal decision about what
legal entity Innity Engineering will be.
2 Sole Proprietorship
According to the online Entrepreneur Encyclopaedia, a sole proprietorship, by denition, is
a business that legally has no separate existence from its…
15 Sept - Registering a Non-Profit Entity in Singapore - SGInc – Shri
Ref link: http://www.sbsgroup.com.sg/incorporation/setting-up-a-non-profit-entity-in-singapore/
Registering a Non-Profit Entity in Singapore
A large number of people are interested in doing their bit in the interest of society and public. Singapore allows them to register non-profit organizations (NPO) and give their efforts a legal status.
Types of Business Structures
A Charitable Trust
A Public Company…
One of the more well-known users of Special Purpose Entity (SPEs) was Goldman Sachs. According to Times Magazine (2012). Sachs was also penalized roughly over $500 million by the Securities and Exchange Commission (SEC) for concealing the truth about the collection of mortgages to the investors. The biggest problem was this enabled banks to give the impression to regulators and investors that all of the risk of the mortgages was removed off their books. This included loss ratios on low-key…