Limited Liability Personal Definition: In the event a liability arises‚ limited liability prohibits the available assets to only the business entity itself. Essentially‚ the investor cannot lose more than he or she puts in. This protects the individuals working for the entity on a personal level. Nobody can attack his or her personal assets‚ unless the individual exhibits some form of activity that qualifies for piercing the corporate veil. Investopedia Definition: A type of liability that does
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WEEK 6 IRAC Brief Law/531 November 17‚ 2014 Explanation This paper will explain regulatory compliance requirements for business situations for both domestic and international businesses. It will also evaluate legal risks associated with domestic and international business activity and explain how this can be applied in a business managerial setting. The two cases chosen deal with Facebook and suits that have happened domestically and internationally to show and explain the difference between international
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THE LIMITED LIABILITY COMPANY A popular form of business‚ especially with small businesses‚ is the hybrid form of business‚ the limited liability company (LLC) or a limited liability partnership (LLP)‚ which combine the best features of a partnership and a corporation. In 1988‚ the Internal Revenue Service (IRS) ruled that the LLC may be treated as a partnership for tax purposes‚ while retaining its limited liability for its owners. Since this ruling‚ every state has passed legislation permitting
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The two occupier liability acts are‚ the 1957 act covers liability of occupier for injury suffered by lawful visitors. The Duty of care under the 1957 Act is only for people who have permission to be on the site (invitees or licensees) there is no duty of care for trespassers under this act. The 1984 act offers defence for trespassers as to the lawful visitor’s act of 1957. The occupier of the land owes a duty if he knows or has a rational thought as to if the ground is dangerous. The 1957 Act is
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1. Teddy’s Supplies’ CEO has asked you to advise him on the facts of the case and your opinion of their potential liability. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy’s case that impact liability. Include your opinion of the "worst case" of damages the company may have to pay to Virginia. (Points : 30) Dear Sir‚ I believe
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ETH-125-Week 6 Appendix F University of Phoenix Material Appendix F Part I Define the following terms: |Term |Definition | |White privilege |White privilege is an immunity‚ right or privilege that is given to white people. | | |(Dictionary.com 2012)
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in improved professional practice and student success. © AdvancED® 2011 4 Standards for Quality Schools Standard 3 Teaching and Assessing for Learning The school’s curriculum‚ instructional design‚ and assessment practices guide and ensure teacher effectiveness and student learning. Indicator 3.1 The school’s curriculum provides equitable and challenging learning experiences that ensure all students have sufficient opportunities to develop learning‚ thinking‚ and life skills that lead to
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Equality Act 2010 Liability for employers and employees Inorder to disuss who is liable for maintaining equality we need to first inspect how equality is maintained in any organisation. For the effective and efficient implementation of the Equality Act ‚every organisation has to have its own equality policy drawn out abiding by the Equality Act.This also necessitates the need for carrying out equality audit regularly to maintain the organisation’s efficiency in functioning compliantly.
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Subject: Negligence Liability of Accountants ______________________________________________________________________ Facts By law‚ accountants may be responsible for customers that hire them in various legal theories‚ including contract‚ fraud and negligence. Accountant malpractice happened when he or she violates the duty of reasonable care‚ knowledge‚ skills and judgment that he or she is due to a client or to the laws to provide auditing and other services. South Asset Management Co hired
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once said‚ “The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires." [This is an excellent way to start off your essay! This quote is sure to grab your readers’ attention.] William Arthur Ward greatly inspired the classifications I chose to use in this essay; dedicated teachers or “great” teachers‚ typical or “good” teachers‚ and undedicated or “bad” teachers. While there are many qualities of a dedicated teacher; the one quality that
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