Syntactic entities

Starbucks does not have employees or associates, they have partners. That is the term of endearment used when discussing the individuals who work in their stores around the world. And the philosophy behind the moniker is that each partner contributes to the success of the company. Newly accepted partners complete 24 hours of indoctrination within the first two week of partnership. Areas covered during training sessions include covering the history of coffee history, drink preparation,…

2.1 Examine the Strategic Change and Needs for the Organization DFCC Bank Plc. (2016) is the only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of banking and the only bank in the country which is fully disengaged from interest based transactions and is one of the undisputed market leaders in the Sri Lankan banking industry (Morrison, 2010) This takes account of the centralized processing of transactions and a customer centric and performance driven…

Ultra Vires is a Latin word which literally means, ‘beyond the power’. In legal parlance it is used to describe when a person, whether natural or artificial, or a body have acted beyond the power granted to them by law. This phrase is widely used in different branches of law; in Administrative law it is mainly used with respect to an administrative body. In Criminal law it is used with respect to law enforcement agencies, in Company law it is used with reference to the corporate capacity of a…

Lord Sumption states that lifting the corporate veil is a convenient expression that the courts have granted rights to disregard separate legal personality of incorporation from its controllers (Lexis, 2013). With the increasingly adoption of the form of corporation, there may be some issues about the abuse of the principle (Dignam & Lowry, 2012). This essay will firstly explain part of the statements of Lord Sumption in Prest v Petrol and then providing arguments for and against them based on…

in society, which predisposes them to many legal issues. A prominent legal issue deals with the corporate veil and its tendencies to shield corporate leader’s criminal activities. Instead of corporate leaders receiving repercussions, the corporate entity is penalized. This essay will discuss the legal issue of corporate corruption by examining the realism, functionalism, post-structuralism and corporate neoliberalism sociological theories, and the implications surrounding living law, law reform,…

Business and Organisation Structures TASK 1 There are different types of businesses. Some of them are Sole Traders, Partnership businesses and Limited companies. Sole Traders are the types of organization which is run by a sole owner. There is one person in charge. The sole trader takes the decision of expanding the business, how to operate and what kind of service to provide. The benefits of sole traders is that the owner gets all the profit and have total control on how to run the business.…

Business Concepts: Restaurant Style Since I was about nine years-old, I have always wanted to own my own restaurant. I am currently taking the steps needed to achieve my goals. While in college, I have learned so much about business and all the different types. I realize that I cannot just open my restaurant overnight, so learning and observing everything that I can will benefit me in the long run. So far the major business concepts of owning a restaurant are: forms of business ownership,…

Disclaimer: All characters and events depicted below are purely fictional. Any resemblance to a real person, living or dead is coincidental. However, this dialogue is a product placement for a real business enterprise. TARA-G Catering Services Characters: -STEVE OWOYOKUN, an undecisive maniac in his late 20s, easily agitated by unforeseen events, considers himself a scholastic democrat with high self-esteem and contemptuous gentility, most of all he relishes high-end delicacies. -MARK…

As a corporation, Tilly’s business would be a separate legal entity, which exists separate from her personal interests. Thus, this business form would give her the most liability protection from corporate debts and obligations. It also provides the advantages of unlimited life, transferability of shares and the ability…

The main types of business organisations in the UK private sector are sole traders, partnerships, private limited companies and public limited companies. These are set up in this sector so that they survive by making a profit, if a business doesn’t make a profit it won’t be able to succeed against its competitors in its market. Each different area of the uk private sector has different rules in which it must abide by for legal reasons. 1.0 Introduction This report will analyse the main types…