LIT1 Task 310.1.2-01-06 Part A Sole Proprietorship - • LIABILITY – There is no separation between the individual and the business. As the owner and operator of a sole proprietorship‚ all of the profit and loss is the personal responsibility of the business owner creating unlimited liability. • INCOME TAXES – As a sole proprietor all business income or losses must be reported as personal income tax. The business itself is not taxed separately. • LONGEVITY/CONTINUITY – The sole proprietorship
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一． Loan Capital VS Share Capital (where does money come from) Generally speaking‚ money that a company raises can be divided into two headings: Loan Capital: Banks‚ Governments‚ Bonds‚ Building society Share Capital: Friends and Relations‚ Your own savings. Loan capital 1. Banks Banks are in business to provide a market place and the product they deal in is money. Namely‚ banks provide a link between those who have spare money in invest‚ and those who wish to borrow it. What do the banks get out
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Case 19 – Georgia Atlantic Company (Dividend Policy) Critique the 6 alternative dividend policies proposed by Abe Markowitz. Discuss the implications of each for Georgia Atlantic Company. Make your recommendation on which is the best for the shareholders and state the reasons why. Solution No Cash Dividends‚ No Stock Dividend or Split This strategy will be the worst possible choice for Georgia Atlantic. This is due to the fact that the company’s recent Market-to-Book value is well below
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| |LEVEL 200 | | |PRINCIPLES OF MANAGEMENT | | |JENNIFER OPOKU BAAH
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is about charity and not profit‚ but with shareholders involved it will be difficult to ignore the possibility of this being a “business-first” organization. Dr. Brilliant faces a difficult challenge in making Google.org truly about the “charity” aspect in spite of the for-profit status of the company. The main cause of this issue is the potential conflict of interest that arises between the goals of the company and the satisfaction of the shareholders. Google.org is a philanthropy project‚ but
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the hands of these few. This essay seeks to review the duties of directors under UK and US laws in takeover situations and how the courts interpret the decisions taken by directors to determine whether or not the interests of the company and its shareholders was paramount in arriving at their decision. B. ENGLISH LAW Under English Law‚ directors’ duties were traditionally governed by common law and equity and recently‚ have been codified under Part 10‚ Chapter 2 of Companies Act (CA 2006). These
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Corporation. There are many benefits of this entity status. One of the largest benefits is no double taxation. The shareholders are only taxed at the shareholder level. Also‚ unlike a partnership‚ where all the partners are subject to self-employment tax on income from the firm‚ only wages earned are subject to a self-employment tax in an S corporation. In an S corporation shareholders may be employees‚ and the wages paid are deductible from the net income but are also subject to payroll taxes and
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how corporate governance affects firm value through the decision of whether to fire or retain the CEO. We present a model in which weak governance - which prevents shareholders from controlling the board - protects inferior CEOs from dismissal‚ while at the same time insulates the board from pressures by biased or uninformed shareholders. Whether stronger governance improves retain/replace decisions depends on which of these effects dominates. We use our theoretical framework to assess the effect of
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differences is how well investors‚ both shareholders and creditors‚ are protected by law from expropriation by the managers and controlling shareholders of firms. Moreover‚ they show that common law counties assign higher valuations to publicly-traded stock. LLSV (2000b) state that the agency approach is highly relevant to an understanding of corporate dividend policies around the world. Firms operating in countries with better protection of minority shareholders would pay higher dividends. Their results
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legacy shareholders? By BNY legacy shareholders? (“Legacy” shareholders are the former shareholders of BNY or Mellon‚ after they become shareholders of the new company. A3. Initial Shares Exchange Ratio Final Shares % share Number of shares of Mellon Financials 412 1 412 37% Number of shares of Bank of NewYork 752 0.9434 709 63% Total shares 1121 Total synergy derived out of the transaction 5587 Synergy to Mellon Shareholders 2053 Synergy to Bank of Newyork Shareholders 3535
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