Entity-relationship model

apology. Just last week Cheryl revealed that she wasn't happy that the new Sports Illustrated had a "full-figured" woman on the cover. Cheryl even said that a woman should have a waist that is smaller than 35 inches. "I kind of rolled my eyes." Model @theashleygraham responds to Cheryl Tiegs' criticism: https://t.co/W7NDp9anQK pic.twitter.com/ACpXVt6IjC — Good Morning America (@GMA) March 3, 2016 Cheryl Tiegs didn't stop…

of partnership income or loss on their individual income tax returns and pay taxes on that share based on their tax bracket” (Entrepreneur, 2014). Corporation Tinker & Tailor’s Home Security Service, Inc.: “A corporation is viewed as a separate entity from…

In the modern world, there are many different countries with different systems of government. In Aldous Huxley’s utopian world, there is only one country, the “World State,” and one government, led by Mustapha Mond and the world controllers. This government system works and runs as a well-oiled machine with very little disruptions, which contributes to its success as a government. For the people of this “World State,” their government and habitations are a utopia, as is evident through the…

Free Enterprise System Free enterprise is a system where the government has very few limitations on business activities and ownership. In this system this government has minimal ownership of an enterprise. The U.S. economic system of free enterprise operates according to five main parts: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty. In free enterprise you have a right to own and do all of the main parts the the…

Sole Proprietorship Business Characteristic of Sole Proprietorship Sole proprietorship is authorized, controlled, financed and controlled by only one person. The manager can hire a few workers or operators to assist him with the business. The sole proprietorship allotted under the Business Registration Act 1956 where this type of company is easily established and forms the greatest number of registered companies in Malaysia. The registration fee for a sole proprietor is only RM60. Examples of a…

Hayes was forced to pay for the van because promoters can be held liable for the contracts they made for corporations that are not yet created. This liability can only be lifted with a novation, which is an agreement between the corporation and the third party to release a promoter. Since no corporation was created, the novation process cannot occur and Hayes will be held liable for the contract. Hayes was forced to pay for the van because promoters can be held liable for the contracts they made…

personal liable for his business borrowings and to any creditors if his business fails. He will also be held personally liable for any claims that are not covered by insurance. A limited company is registered at Companies House and is a separate legal entity. A company can have buildings, debts, and loans it has to pay back. It is not a person, so if a company goes bankrupt, directors are not responsible for it, no one is responsible for it, and shareholders are only responsible up…

of exploiting loopholes in the legal system, leaving the courts with the option of uncovering the corporate veil and imposing liability upon individuals within the corporation. Today, the courts will rather enforce the principle of separate legal entity to a company as in the case of Salomon v Salomon Co Ltd, than apply the doctrine of piercing the corporate veil. However, the courts will not hesitate to pursue a person who willingly takes advantage of the corporate legal system by acting in a…

When people set out to start a company, they do not realize that one of the biggest decisions that they will have to make is the one of the first, assuming that the product has been chosen. Not selecting the best type of ownership can have consequences for the owner as well as for the business itself. The types of ownership will change the cost the ease in which the company is set up, how liable the owners are, what happens when there is a death or withdrawal of an owner, the environment of…

Introduction and Statement of Facts The fundamental attribute of corporate personality, from which all other consequences flow if that the corporation is a legal entity distinct from its members. Hence, it is capable of enjoying rights and of being subjects to duties which are not the same as those enjoyed or borne by its members. In other words, it has a “legal personality” and is often described as an artificial person in contrast with a human being, a natural person. However, corporate…