Brief Overview of Limited Liability Companies Introduction Limited Liability Company (LLC) is often considered as the hybrids of general partnership and corporation. It often referred as a general partnership where the partners have no personal liability and a limited partnership where there is no general partner or a partnership surrounded by a corporate shell (Seipel‚ Tunnell & Zimmermann‚ 1995). The LLC is first adopted in Wyoming in 1977 and then in Florida in 1982. However‚ LLCs
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I. Background of the Study Komatsu had its origin 1894 when the Takeuchi Mining Company was founded. A major expansion occurred in 1917 when the Komatsu Iron Works was established to manufacture mining equipment and machine tools. The name Komatsu came into existence in 1921 when iron works separated from the mining company to become KOMATSU ltd. Despite a name that means “little pine tree”‚ Komatsu produces line up of big equipment. The company is the world’s second largest manufacturer of construction
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Title: Early Years Foundation Level 4 Assignment Number: Assignment 5 - "Discuss the importance of partnerships in a child care setting and how these might be developed and maintained for the benefit of the children." Word Count: A practitioners job is not only to ensure the safety of the children and to plan structured day to day activities but also to ensure that various partnerships and created within the child care setting. "Professional relationships are absolutely vital to the
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Business Ownership There are three different forms of business ownership‚ the Sole Proprietorship‚ the Partnership‚ and the Corporation. Each of these businesses have major advantages and disadvantages. The sole proprietorship is a business which is owned and managed by one individual. Some of its advantages are‚ the ease of formation‚ its management control‚ and its distribution of profits. Some of the disadvantages are‚ its unlimited liability‚ the lack of continuity‚ the capital requirements
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stock exchange for raising capital”. SMEs ordinarily have few accesses to formal channels of finance and depend primarily upon savings of their owners‚ their families & friends. Consequently‚ most SMEs are sole proprietorships & partnerships. As with all definitions‚ this one is not perfect. Depending on context therefore definition of an SME will vary. Despite the common features globally‚ countries do not use the same definition for classifying their SME
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An Overview on the Risks and Rewards of Public Private Partnership In Philippine Infrastructure Construction Submitted By: Jared Aaron R. Cruz Submitted to: Dr. Felix Aspiras Methodology The researcher used the historical research method that provided information on the value of Public-Private Partnership in Philippine Infrastructure Construction. The data provides an overview on how valuable‚ whether it be for the benefit or detriment of the country‚ PPP projects are in the socio-economic
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Public Private Partnership - A Guide for Local Government - Ministry of Municipal Affairs‚ Government of British Columbia‚ May 1999. P3 - Best Practices Guide - Advisory Committee on Public-Private Partnerships‚ Ministry of Employment and Investment‚ Government of British Columbia‚ Jan. 1998 Guide on the Establishment of Public Private Infrastructure Partnerships - Ontario Superbuild Corporation‚ Government of Ontario‚ Jan. 2001 EC (2003) Guidelines for Successful Public-Private Partnerships
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Before commenting upon the nature of Limited Liability Partnerships (LLP) it is necessary to understand the system of partnership that it embodies. The LLP is provided for by the provisions of the Limited Liability Partnership Act‚ 2008. Under this act the LLP has been described as a “body corporate” and a artificial legal personality with perpetual succession. Under the LLP the partners can manage the rights of duties though the means of an agreement that would be governed by the LLP act. The interested
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Mini-Assignment #1 – Case: McCain Foods Limited Answer 1: If I was in charge of Asian operations for McCain Foods Limited‚ the first thing I would do is look into what I can do to get my product famous among the Chinese people‚ by finding out what their likes and dislikes are and how I can make my product appealing to them. This can be done by carrying out market research and surveys. Granted this costs a lot of money‚ but to succeed in any foreign market‚ one should first be aware of their cultures
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For a conflict over the use of a local resource‚ analyse the causes of the conflict and assess the extent to which it has been/can be resolved to the satisfaction of all those concerned (40 marks). Analyse- break down the content of a topic‚ or issue‚ into its constituent parts in order to provide an in-depth account. Assess- weigh up several options or arguments and come to a conclusion about their effectiveness based on criteria. Local resource- Heathrow Expansion News articles
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