Limited partnership

1) The best metaphor for a corporation is an “apple within a barrel where most apples are good and just a few bad”. It takes one apple to ruin it for the rest or spoil its companion. Corporations can often be seen as “bad apple's” bent on taking control of public power and only focused on making money, regardless of the consequences. Corporations are trying to engage themselves in as much profit as possible at anyone’s expense without realizing how unsustainable they are being towards the…

Discuss the significance of the case AG Seurities v Vaughan. In the two cases tried together, the House of Lords reasoned that having exclusive possession of a bedroom is not enough to form a tenancy and in addition a tenancy cannot be treated as a license in relation to a section which disputes the nature of the agreement. In AG Securities v Vaughan four people were to share a flat with three other people in favour of the landlord after they had signed the lease. The lease agreement was…

The business form the best fits Shania’s situation is a limited liability company. According to sba.gov, “a limited liability company is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership” (para. 1). The funding for Shania’s business venture is provided by her husband; therefore, it makes since that they create a…

is that they can only have 100 stockholders. In addition, the limited number of stockholders, there are also restrictions on who can own stock in the company. Another drawback to this type of corporation is that all of the outstanding stock has to be the same class. In light of all of these restriction it might be difficult to get all of the stockholders to agree on becoming an S corporation. 2. If Project Repeat had been a partnership, rather than a corporation…

There are two cardinal principles in today’s western corporate law: the first is, the ‘separate juridical personality’ of each company with rights and duties separate from its shareholders and the second is, politically based ‘limited liability’, shielding shareholders (originally ultimate investors), from personal liability for company’s obligations, by limiting their potential liability to the amount of their capital investment. The above principles, among others, facilitated the separation…

One can interpret these stanzas as two people who grew up and dreamed of being successful together. As they strive for success, the two became distant until Marie Claire forgot about who was there with her even when she didn’t have anything and who does she run to when she’s feeling in despair. The last two stanza finally conveys that he no longer wants to be affiliated with her because he knows how it always ends. As for the film, Jack was questioned by his ex-girlfriend as to why he is staying…

COMPANY BACKGROUND Seek limited was established in November 1997 by Andrew Bassat, Paul Bassat and Matt Rockman. It focuses around encouraging amongst jobseekers and employment opportunities and helping hirers discover candidates for promoted parts. It is a top 100 company which is employing over 6,000 individuals, having market capitalization close to AU $6 billion. It launched its website in March 1998. SEEK developed from a small Australian start up to being a worldwide leader in the creation…

1. The name cannot be the same as an existing LLC in your state.1 2. The name must specify that your organization is an LLC (ex: "LLC" or Limited Company").1 3. The name cannot contain words prohibited by your state (ex: "bank" or "insurance").1 B. What state licenses & permits are needed & which state agencies do you need to register with? 1. File Articles of Organization with the South Carolina Secretary of State’s Office.2 2. Register with the South Carolina Department of Revenue (SCDOR) for…

Shareholders have both limited liability and tax status of a flow through entity. Two Advantages Two advantages are that the S-corporation avoids the double taxation of a regular corporation and investors can deduct against their other income because of the flow through entity…

We believe that a Limited Liability Company (LLC) is the best entity structure for partnerships. It is often regarded as a hybrid business structure as it mergers the protection of a corporation with the tax benefits and relative administrative simplicity of a partnership. For these reasons, it is considered an ideal business form for most small to mid-sized businesses with multiple owners. If partners do not form a business entity when they begin doing business, they are deemed to be a…