Week 1 - Nature & Regulation of Companies & Company Operations Legal nature of company Separate legal identity‚ distinct from owners Companies act through ‘agents’. eg. shareholders elect board of directors to act on their behalf Public Company (Ltd.) Limited liability of owners • Raises funds from public Types of companies Private Company (Pty. Ltd.) • • • • • • • • • Regulation of companies Corporations Law: Companies must keep proper accounting records; prepare yearly & half-yearly FS;
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Required: a. Identify significant tax and nontax issues or concerns that may differ across entity types. b. Provide your recommendation for forming CCS as a C corporation‚ S corporation‚ LLC‚ or partnership. Explain your reasoning for your choice of entity‚ identify any issues that you may still be concerned about‚ and suggest recommendations for dealing with the concerns. Chapter 19 Problem 39 (LO2) Zhang incorporated her sole proprietorship by transferring inventory‚ a building‚ and land
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No matter what decision that I make as the CEO of Monsanto‚ it is virtually impossible to satisfy all parties involves. Just like customers‚ stakeholder groups can vary in their opinions and may want different things from Monsanto. It is possible that a decision made may satisfy one stakeholder group and upset another. With this being the case‚ issues presented should be prioritized based on the outcome desired (Zappi‚ 2013). Monsanto’s sustainability approach "Sustainability is firmly embedded
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What factors must be considered when making moral decisions? There are a variety of factors‚ which need to be considered when making moral decisions. Everyday we have to make decisions‚ some are hard and some are easy. When we are talking about moral decisions we are talking about what actions are right and what are wrong. Morality is about actions and the consequences made by actions‚ motives and our human nature. There are different ways in looking at making moral decisions‚ 2 main ethical
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Agency Partnerships and companies contract through agents. Partners can be agents of the partnership; directors agents of the company. Most cases agents have actual authority If no authority then ostensible authority may apply. Associations Not for profit for members. Types: Unincorporated > 2 members Liability to outsiders uncertain Incorporated >5 members Registered Members liability limited Associated can be sued Sole Trader One person owns business Take profit and bear
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textbook as source material for your response. All sources used‚ including the textbook‚ must be referenced; paraphrased and quoted material must have accompanying citations. | There were myriad of safety milestones over the past 200 years that have significantly affected the safety movement. The Health and Morals of Apprentices Act was passed in 1802 and was considered a milestone piece of legislation s it marked the beginning of government involvement in workplace safety. Other significant
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What skills do you think a manager requires to effectively motivate a team? Management and Organisations HR1014 Aron Karri 20615240 Word Count: 943 Motivation is the desire and willingness to do something to achieve a positive outcome for an individual or a group of people. ( Lai‚ R. (2011). . Motivation: A Literature Review . p1) There are various different skills managers use to motivate employees a couple of examples are‚ the skills used when communicating with employees and rewards and
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The purpose of this case is to hire a Sales Manager for the company with all the core competences of company. According to the legal view of this case study it falls under the pregnancy discrimination act of 1978 (A framework for human resource management‚ Gary Dessler).This act encompasses discrimination of pregnancy‚ childbirth‚ or any other related medical conditions. The legal and the ethical issues involved in this case is about Gladys pregnancy and Timmy’s response for it. It is ethical for
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S-S Technology Inc. Company Policy(HR Policy) Recruitment Policy Purpose To ensure that required staffs are appointed at required interval for S-S Technology. Responsibility Relevant department manager shall responsible to submit staff requisition form upon staff requirement. HR manager shall review and arrange for recruitment as per requested information. Procedure When staff requirement request from concerned department manager who shall complete the staff requisition form and submit
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profits of his business. This form of taxation is known as pass-through taxation‚ meaning there is no separate federal income tax reporting for the proprietorship. * Longevity/continuity: In the event the sole proprietor dies and planned steps were not properly carried out the business will cease. Sadly the family’s source of income is no longer available. Life insurance is an important need to the proprietor‚ it may be the family’s only source of income. Secondly a will is a must have with precise
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