the appropriate business structure would be a General Partnership. S.5 Partnership Act 1958 (Vic) defines a partnership as a relationship between two or more people,…
Case Study: Haddock Corporation Student’s Name Institutional Affiliation Case Study: Haddock Corporation Often, there is a fine line between tax avoidance and tax evasion. While the former is legal, and the Preparer can pen a signature on the tax return, the latter is clearly fraudulent and legal, and can lead to a conviction in a court of law. The fact that the business owned by John pays inflated rent to him is seemingly suspicious and confusing and perhaps done to reduce distort its…
Defects LLC is applicable provided that the shareholders and the company personality independent and separated from each other. If shareholders do not respect the company 's personality, contrary to the "separation principle", it could lead to abuse at any time and away from the original intention of the limited liability company 's legal system, to the detriment of the interests of creditors of the company and social welfare. The risk of abuse of limited liability that may occur at any time, in…
advise Shania that the current economic environment the best option for the formation of her company is that of a Limited Liability Company, or LLC. This is because it offers the pass-through tax status and the safety of liability protection of a corporation. This would allow her to only be taxed once like a sole propriety or a partnership, which helps small-business owners keep their earnings. However, remove the personal liability as any action against the business can only act against the…
persons and/or entities are a director of Tech Gadgets Ltd for the purposes of the directors’ duties in sections 181-183 of the Corporations Act 2001 (Cth)? Law - s 181: Act in good faith in the best interests of the company and act for a proper purpose, s182: not misuse position, s183: not misuse information Application • Susan, Paul Smith and Ben Jones are directors: s 9 • Victoria was not appointed director, however, under s9, she acts in Paul’s position as…
"Multinational corporations do control. They control the politicians. They control the media. They control the pattern of consumption, entertainment, thinking. They're destroying the planet and laying the foundation for violent outbursts and racial division." (Quotes on MNC, Brainy quotes) But, what is a multinational Corporation? A multinational Corporation, also called an MNC, is a corporation that has its facilities and assets in at least one country other than its home country(Multinational…
both models of CSR Carroll (1991), in his pyramid model states that, corporations should avoid any actions or behaviors that are forbidden by the society and get involved in activities and practices that are…
Privatization is a progression which transforms a government owned entity /business ,issued a commercial license which is open to competition and finally transformed into private ownership. In the Australian history Telstra Corporation limited was the largest public share issue by common wealth government and was the continuation of previous successful privatizations by the govt.held in 1990s, keeping in mind the growth and progress of Australian economy by this massive arrangement 1.…
When President Barack Obama signed Executive Order 13583 (2011), establishing a government-wide initiative to promote diversity and inclusion in the federal workforce, he set the standard for all corporations in America to recruit, hire, and retain a competitive and diverse workforce (para. 1). While diversity in business has been proven advantageous, as it brings a wide selection of backgrounds, talents, and perspectives to the table, we have yet to see that advantage fully translate to the…
Business have made huge improvements within their corporations to show betterment in their business ethics. Business have been enforcing employees to take courses, as well as classes to show proper ethics in the work place. Business have worked to protect their reputation by earning credibility and a proper…