Public-private partnerships

same time the Occupy Wall Street movement began in New York. As soldiers who were living on a base that would receive incoming rocket fire, eating the same meals week after week and going out on route clearance patrols looking for IED’s. Even as a Private First Class I was making the correlation between a valuable skill set and income. This is a well-known correlation, but as a Combat Engineer I knew the skill set it offered while valuable to the military was not very valuable in the civilian…

There is something to be said about with whom a person goes into business. In the 1980’s, my brother and two friends formed a partnership doing surveying in Colorado. Shortly after getting established, the two friends ousted my brother and took all of the money. There was an IRS audit in which a gain was determined, and my brother was included in the assessment. He quietly paid it, then one day, he received all of his money back; his “friends” paid the assessment not knowing it was paid. We…

managing the partnership and are jointly and severally liable for the partnership’s debts, however, limited partners who become active in the management of the partnership risk losing their limited liability status. (Prescott, Madden, & Foster, 2010). Finally the Master limited partnership (MLP), is little different they can be referred to as publicly traded partnership; they are owned and ran like a corporation however most of the time taxed like a partnership. The disadvantages of a…

correct documents she is not and she never stated she was. She was not admitted yet, so she is not liable. I think it is liability of incoming partner. As stated in the textbook “a person admitted as a partner into an existing partnership is not personally liable for any partnership obligations incurred before the person’s admission as a partner”. (Richard A. Mann, Barry S. Roberts, Len Young. Smith, and George Gale. Roberson. Smith & Roberson’s Business Law (Mason, OH: South-Western, 2009),…

will determine the amount of tax to pay, the kind of paperwork that will be needed and even the capacity to raise finances as well as the personal liabilities that you might have to contend with. Some regular types of business include sole trader, partnership, corporation and S corporation. Sole proprietor This is the most uncomplicated type of structure that any business can have. It requires only one individual who owns…

Marketing has the 4 Ps which are product, price, placement and promotion. In the insurance industry, the products are the policy documents, the wordings of which are fixed and cannot be changed by any insurance company. Placement and promotion of the insurance products is almost same for all companies and thus the main aspect to be considered is price. Due to the cut throat competition and price being fixed and non-negotiable, the insurance companies then have two option in front of them, which…

Roetzel & Andress, L.P.A., 2009-Ohio-2728 -- Limited Partnership The law firm Roetzel & Andress (R&A) represented Schneider personally, not her companies. R&A told Schneider, who is the majority shareholder of the numerous companies, to stop selling unregistered notes. Schneider ignored and continued fraudulently…

Case Activities 3 Discharge in Bankruptcy In this case, Joseph Harman, the president of Carter Oaks Crossing was loaned $400,000 by Caroline McAfee. Harman signed a promissory note that specified the company would repay the amount of the loan with interest in installments in which the installments would begin in 1999 and end in 2006. Harman signed a personal guaranty with the promissory note. Carter Oaks Crossing eventually defaulted on the note causing McAfee to sue Harman for payment under…

,( A) KALLESI MACTAVISH V MAYA STORK In this case Kallesi Mctavish who is the owner of establishment is the principle and Maya Stork the manager of the hotel is the Agent who orders supplies to the hotel. The suppliers are known as the third party. Maya stock as an agent is not allowed to order any expensive shampoo and shower gels as well as any supplies that are over £150 without kallesi’s approval since she is the principle. All the standard suppliers to the hotel are mindful of this…

pleases. Always partnership one member with full responsibility. There may be members of the limited partnership with limited liability. The profits are distributed according to the percentage of ownership. Tom and Bill hardware store is an example of partnership. If the same man slips fall in advertising on the saw Tom and Bill hardware store, both of which are fully responsible for the damage. However, if they are of limited partnership, then Tom only responsible. In a limited partnership, it…