Monday, December 30, 2019
The Persons Case A Milestone for Canadian Women
In the 1920s, five Alberta women fought a legal and political battle to have women recognized as persons under the British North America Act (BNA Act). The landmark decision by the British Privy Council, the highest level for legal appeals in Canada at the time, was a milestone victory for the rights of women in Canada. The Women Behind the Movement The five Alberta women responsible for the Persons Case victory are now known as the Famous Five. They were Emily Murphy, Henrietta Muir Edwards, Nellie McClung, Louise McKinney, and Irene Parlby. Background on the Persons Case The BNA Act of 1867 created the Dominion of Canada and provided many of its governing principles. The BNA Act used the word persons to refer to more than one person and he to refer to one person. A ruling in British common law in 1876 emphasized the problem for Canadian women by saying, Women are persons in matters of pains and penalties, but are not persons in matters of rights and privileges. When Alberta social activist Emily Murphy was appointed in 1916 as the first woman police magistrate in Alberta, her appointment was challenged on the grounds that women were not persons under the BNA Act. In 1917, the Alberta Supreme Court ruled that women were persons. That ruling only applied within the province of Alberta however, so Murphy allowed her name to be put forward as a candidate for the Senate, at the federal level of government. Canadian Prime Minister Sir Robert Borden turned her down, once again because she was not considered a person under the BNA Act. Appeal to the Supreme Court of Canada For years womens groups in Canada signed petitions and appealed to the federal government to open the Senate to women. By 1927, Murphy decided to appeal to the Supreme Court of Canada for clarification. She and four other prominent Alberta womens rights activists, now known as the Famous Five, signed a petition to the Senate. They asked, Does the word persons in Section 24, of The British North America Act, 1867, include female persons? On April 24, 1928, the Supreme Court of Canada answered, No. The court decision said that in 1867 when the BNA Act was written, women did not vote, run for office, nor serve as elected officials; only male nouns and pronouns were used in the BNA Act; and since the British House of Lords did not have a woman member, Canada should not change the tradition of its Senate. British Privy Council Decision With the help of Canadian Prime Minister Mackenzie King, the Famous Five appealed the Supreme Court of Canada decision to the Judicial Committee of the Privy Council in England, at the time the highest court of appeal for Canada. On October 18, 1929, Lord Sankey, Lord Chancellor of the Privy Council, announced the British Privy Council decision that yes, women are persons ... and eligible to be summoned and may become Members of the Senate of Canada. The Privy Council decision also said that the exclusion of women from all public offices is a relic of days more barbarous than ours. And to those who would ask why the word persons should include females, the obvious answer is, why should it not? First Woman Canadian Senator Appointed In 1930, just a few months after the Persons Case, Prime Minister Mackenzie King appointed Cairine Wilson to the Canadian Senate. Many expected Murphy, a Conservative, to become the first woman appointed to the Canadian Senate because of her leadership role in the Persons Case, but Wilsons work in Liberal party political organization took precedence with the Liberal prime minister.
Sunday, December 22, 2019
The Geography 101 Course Essay Essay - 894 Words
Through the Geography 101 course, I have become increasingly familiar with certain concepts that are easily applicable to cities and countries that I am familiar with. These concepts help me fully understand the geographic situation occurring in these locations. One location that has been brought up many times throughout the semester and I have increased with familiarity is Japan. This location is constantly changing and growing. It exports many different vehicle and machinery parts, and is at the forefront of technology and the revolution that follows. Though I do not have any personal connections to the country of Japan, I know that has important geographical traits and occurrences that affect the population and cultural geographies, the agricultural and economic geographies, and the political and urban geographies of the country. The world is constantly growing. Currently there are 7.3 billion people. We need to create space and ensure food and nutrition for many, also known as food security. Japan is a country that prioritizes making room for citizens and ensuring enough food and medication are accessible. Tokyo is a heavily populated city, it needs to create or have access to a sustainable food source for the inhabitants. Space is also important. The buildings and homes are very close together to create more space for more people to live in the city. Is this city able to carry that many people? The carrying capacity refers to the maximum number of users that can beShow MoreRelatedBetrayal Like Its 1984 Essay929 Words à |à 4 PagesProfessor and Interim Dean of the College of Liberal Arts Sciences wrote, ââ¬Å"For we knowââ¬âas, of course, did Orwell himselfââ¬âthat minds do not always break under torture, that some people suffer appalling pain and fear and yet refuse to betray their loved ones a nd their comrades in armsâ⬠(14). Unfortunately, it was inevitable that the torture in Room 101 would break Winstonââ¬â¢s loyalty to Julia. In Room 101 Winstonââ¬â¢s nightmare was rats. When faced with only the thought of the rats attacking him, heRead MoreAnalysis Of Mahans Advocacy For Sea Power Against Mackinders Views On A Nations Economic Prosperity And Security1709 Words à |à 7 Pageswho acknowledges that the Mahan texts are often misapplied because of ââ¬Å"misreadingsâ⬠or ââ¬Å"â⬠¦all too often upon no reading of the original texts at allâ⬠(Sumida 101, 2001). He also gives credit to Mahan for being one of the earliest advocates for joint operations recognizing the criticality of naval operations in direct support of land forces (101 110, 2001). This is just one example of the incongruity of the land power/sea power debate. Mahanââ¬â¢s support for the ââ¬ËMackindian Schoolââ¬â¢ and Mackinderââ¬â¢s supportRead MoreAssignments: Ed ucation and Learners3914 Words à |à 16 Pages102/2008 2 PST103E/102 TABLE OF CONTENTS 1 2 COURSE MATERIAL THE EXAMINATION 2.1 2.2 2.3 3 4 Admission to the examination Learning content for the examination The examination paper: layout, duration and total marks 3 3 3 3 4 4 4 4 6 6 8 11 ASSIGNMENTS THEME FOR DISCUSSION 4.1 4.2 4.3 4.4 Introduction Outcomes-based Education (OBE) The planning of learning activities Assessing outcomes-based education 5 A FINAL WORD 3 Dear Student 1 COURSE MATERIAL PST103E/102 By now you should have receivedRead MorePrince Edward Islandsââ¬â¢ history is a crucial aspect in Canadaââ¬â¢s past. The work of historians has3000 Words à |à 12 Pagesisolated geography and heavy British influence. The most notable representations of PEI and the problem of absentee landlordism in the eighteenth century is characterized by the works of some of the most notable academics in the field: ----------. Three Centuries and the Island: A Historical Geography of Settlement and Agriculture in Prince Edward Island, Canada, written by Andrew Hill Clark in 1959. Clark wrote on the bias of exploring the broader origins of the Island as its geography was in anRead More An Analysis of Political Elitism Essay2879 Words à |à 12 Pagesgovernment and who these groups are will be examined in this essay. Also, there will be an analysis of those who were political à ©lites in Canada over the past centuries. Also, some new discoveries may be turned up that help us have a better understanding of this elitism. Finally, we will discuss if interest groups and minorities have real political power, or perhaps they are just given token compensation. Hopefully, by the end of this essay, there will be a better understanding of who really has politicalRead MoreEssay about Elite Politics2212 Words à |à 9 Pagestimes dominate government groups will be examined in this essay. Also, there will be an analys is of those who were political elites in Canada over the past centuries. Also, some new discoveries may be turned up that help us have a better understanding of this elitism. Finally, we will discuss if interest groups and minorities have real political power, or perhaps they are just given token compensation. Hopefully, by the end of this essay, there will be a better understanding of who really has politicalRead MoreBlack Men Canââ¬â¢t Rock? Towards an Understanding of The Lack of Black Men in Rock Music2211 Words à |à 9 Pageswhich originated in the 1920ââ¬â¢s. The race record charts were created in 1945 by Billboard magazine and continued until 1949 when it was then replaced by the Rhythm Blues charts. The attitude to genres in this era is apparent in an interesting 1955 essay entitled Music in American Culture. ââ¬Å"For discussion purposes, four major musical streams may be considered here: academic music, most often discussed under the misleading term ââ¬Å"classicalâ⬠; folk music of white communities; popular music, s distinctlyRead More The Search for Self in Tirra Lirra by the River Essay2806 Words à |à 12 Pagesallegory and symbolism, and aimed at the reader. Jessica Anderson aims to develop this dual understanding through the exploration of two main themes: the quest for self-knowledge, and the consequences of gendered societal repression. In this essay I will explore these themes, and how much Nora and the audience respectively finally understand in relation to them. The Quest for Self-Knowledge Nora Porteous, the main character of Tirra Lirra by the River, embarks on a voyage of self discoveryRead MoreCRISIS COMMUNICATIONS ACTIONS OF CARNIVAL CORPORATION AFTER THE COSTA CONCORDIA CRISIS AND THE IMPACT ON COMPANIES REPUTATION4255 Words à |à 18 Pageshistory, corporate crises have received high media attention and demonstrated the impact that a disaster can have on a companyââ¬â¢s reputation. This essay evaluates the crisis communication strategy of Carnival Corporation plc after the sinking of the Costa Concordia, and the impact that it had on the corporationââ¬â¢s future on the market. Introduction This essay is a case study that examines the crisis communication strategy of Carnival Corporation after the sinking of their ship Costa Concordia in JanuaryRead MoreRisk Pooling in Health Care Finance18578 Words à |à 75 Pagessystem of fragmented pools, and that methods of integration are therefore required. The report offers some guidance on implementation (section 4). Numerous choices must in principle be made, including: â⬠¢ the institutional basis for risk pools (geography, employment sector, employment status, and so on); â⬠¢ the criteria for membership of a risk pool; â⬠¢ the size of risk pools; â⬠¢ whether or not the risk pools are competitive; 1 â⬠¢ â⬠¢ â⬠¢ whether or not contributions are mandatory; whether
Friday, December 13, 2019
Business Human resource Free Essays
In todayââ¬â¢s competitive world, where there is increased competition in the industry. Human resource management and recruitment has proven to be the most effective tool that provides with a competitive advantage, which cannot be matched or countered by any other competitor. Human resource of any company is the key to success and its sustainable development in the coming years. We will write a custom essay sample on Business Human resource or any similar topic only for you Order Now Therefore it is essential for all the corporations to take into account the immense power of their human resource and to make genuine efforts in order to retain them. For that the main area to be targeted is motivation. In that case it is necessary to evaluate the psyche of all the employees. Motivation is the driving force that makes a person achieves the desired goals in an affective manner. In the past years a lot of research work has been done on the topic of motivation. Because only if a person is willing to perform any task, he will be motivated to do it. As depicted by the saying that one can take his horse to the water but cannot force him to drink it unless he wants to. Such is the phenomenon of motivation. Motivation has a very prominent role in the field of business. As all humans are complex beings. All of them have different requirements. It is extremely important for the firm to set up such an environment that promotes the talent of the employees and utilize their potential in an efficient manner. In order to keep the employees intact and promote an organizational culture which is healthy. It is required that the leadership carefully works on job design. Job design is the process in which different elements are join together to form a job in which individual as well as organizational requirements are kept in mind . While designing a job description it is very important that they company is aware of and concentrates on the fact that what they want to achieve. If the employees are aware of their job description and are provided with the right resources and culture, the company is able to achieve its goals. And also maintains the standards at the same time. In such a situation employees are motivated to put in their best and to take their work to further level of excellence. Motivation is one factor that is extremely difficult to attain. But on the other hand those firms that have been successful in motivating their employees have also earned value addition form their talented and skillful employees. Most of these researches of motivation in management have been derived from the discipline of psychology. Since psychology is the study of human mind and behavior. These theories have proved to be very effective in use in all the fields of management. A few of these theories related to motivation are described bellow. Abraham Maslow was a famous psychologist and was also known as the father of modern management. He in his article ââ¬Å"A Theory of Human Motivationâ⬠formulated a framework of human motivation and drives on the basis of their needsâ⬠¦ The table below depicts the hierarchy of these human needs in order. 1) Psychological needs: they are recognized as the primary needs of every individual that are essential to be fulfilled. They are required for survival. They comprise of necessities like food, shelter, sleep, water etc. 2) Safety Needs: as soon as the psychological needs are met, ones attention is diverted towards fulfilling the security needs. Every person has some insecurities may it be physical or emotional. According to Maslow until and unless these needs are addressed and resolved a person would feel threatened and would not climb up any further on the pyramid. 3) Social Needs: this is the first level of higher level of needs. It involves the interaction and relationship with a society, family or social group. 4) Esteem Needs: esteem needs include self-respect, self worth, recognition and achievement. 5) Self-Actualization needs: realizing personal potential, self-fulfillment, seeking personal growth and peak experiences Maslowââ¬â¢s ideas regarding the hierarchy of needs provides information about workplace environment that encourages and enables employees to attain their potential that is self actualization. Managers can use these to encourage personal growth and development. Douglas McGregorââ¬â¢s Theory X and Y were a basis of development of positive management styles and techniques. And prove to be helpful in development of organizational development and culture within the organization. It clearly defines two different methods of management control. One is the classic and conventional authoritative management style and the other is the modern a participative style. Companiesââ¬â¢ can chose either of them but theory Y or the participative style has been more effective in motivating the workforce Because these theories help us understand the psyche of human mind which in turn can be helpful in developing the job description. And if the job design would be good enough than this would motivate employees to work harder and bring in innovation. In this world where nothing is stagnant and environment changes, such steps are all effective in helping a company cope with these changes and to conquer new market with fresh ideas. All these theories are a guiding force to manage employees and their talent. Motivation is essential at all levels. It is a complex combination of several factors. Motivation leads to efficiency, profits and loyalty. It can make the impossible possible. Employees need to feel respected and valued in the company. This gives them a sense of belonging. Adopting sensible job designs for the workforce can only bring about this change. It is the responsibility of the leadership to make such job descriptions that help utilize the potentials. Theory Y shows that management styles empower and have a significant impact on workforce motivation. Works Cited Abraham Maslow. (n. d. ). Maslow Hierarchy of Needs. November 14, 2008. Retrieved from: http://www. abraham-maslow. com/m_motivation/Hierarchy_of_Needs. asp Businessballs. com. (n. d. ). Maslowââ¬â¢s hierarchy of needs. November 14, 2008. Retrieved from: http://www. businessballs. com/maslow. htm Job Access. (n. d. ). Job description and design. November 14, 2008. Retrieved from: http://www. jobaccess. gov. au/JOAC/Employers/Recruiting_new_staff/The_recruitment_process/Job_description_and_desig. htm How to cite Business Human resource, Papers
Thursday, December 5, 2019
Guide Writing Business Plans And Proposals â⬠Myassignmenthelp.Com
Question: Discuss About The Guide Writing Business Plans And Proposals? Answer: Introducation The case between Helena and Ringo is about an agreement in which one party is intending to withdraw from the contract before the agreed period. Helena wants to withdraw from the management due to frustration, which is caused by poor performance of her business at location leased to her by her brother Ringo. On the other hand, Ringo feels that he will lose his financial flow and business incase this happen. Because of the uncertainty, Ringo decides to sue Helena claiming $6000 that he might lose in case she terminates the contract. Therefore, this paper intends to advice Helena the likelihood of Ringos success in filing the case against her. A contract is a promise or various promises that is lawfully binding.[1] It is formed when there is an offer, acceptance, and consideration. Once there is an agreement, each party is obligated to perform his or her part in relation to the terms of the contract.[2] Where a party has completely performed his responsibility as stated in the contract, he is no commitments but has the privileges to force the performance of the accord by the other party. Under a unilateral discharge, consideration needs to be provided so that to make the accord enforceable, unless the agreement is under seal. In this case, it is clear that there was an offer from Ringo, which Elena accepted, and therefore, it is up to each party to fulfill his or her responsibility under the contract. Elena should continue paying for the lease as per the reduced $2,000 but if she fails to abide with the agreement then she would have breached the contract. A breach of contract happens when one party fails to perform his or her obligation as per the contract. Success of Ringo in this case will depend mainly on the remedies provided to him under commercial law. Breach A breach that can be treated as thoughtful enough to grant the non-breaching party the choice of viewing the contract as discharged in either the following two ways: Firstly, one party may show by express words or by implications from her behavior before performance is due by saying that she does not propose to observe her responsibilities as stated in the contract.[3] Secondly, she may halt a term or the contract in a way that it results to a significant failure of consideration. However, this seems not to be what Elena has decided to do. The non-breaching party, which in this case is Ringo is has no responsibility to wait until the date for performance, but then again may instantly treat the deal as an end and sue Elena for damages. This was applied in the Hochster v De La Tour(1853) 2 EB 678 case.[4] On the other hand, if the innocent party within a reasonable time fails to indicate that he accepts the repudiation of the other party for the contract to be discharged, it will then remain open for the advantage and risk of both the parties. Therefore, it is vital that Ringo accepts Elenas repudiation before time elapse as it was in the Avery v Bowden(1855) 5 EB 714 case.[5] If Ringo decides to continue with the agreement after the anticipatory breach by Elena, he is not pardoned from offering his duties as stated in the contract. Subsequently, Elena could not be liable if Ringo was consequently in violation of the deal. However, whether the violation results to repudiation will only rest on the genuine states of the case. Remedies In a situation where there is a breach of contract, the innocent party is permitted to remedies. Particularly, they are permitted to damages as a right as witnessed in OConnor v SP Bray Ltd (1936).[6] A contract may be discharged mainly through performance. It means that the contractual obligations must be performed in full and exactly. Therefore, some of the remedies that Ringo may have include damages and equitable remedies. Damages for breach of contract are seen as an alternative for performance. Subsequently, damages claim are meant to put the accuser in the place they would have been if the contract could have been fully performed. The loss by the aggrieved party must not be too distant from the violation and the grieved party must do what is sensible to decrease the damage suffered. Therefore, in any case Elena terminates the contract, she will be held culpable for breaching the contract, and therefore, must pay for the damages incurred by Ringo. Additionally, in line with the common law remedies, parties may pursue the equitable remedies of specific performance. Even though this is not available as a substance of right, they are granted at the discretion of the court. Other than that, the injured party may also apply the equitable remedies. Equitable remedies are divided into two namely; specific performance and injunctions. Wrongful Termination of a Contract Termination is the ending of a contract before all the conditions of the contract have been successfully performed. Wrongful termination happens when there is inadequate justification for termination as stated under the general principles of the contract law or as stipulated on the contract. It may also occur when the termination is not authorized by the terms under the contract. Furthermore, wrongful termination may occur if one or more of the processes needed for a proper termination under the contract conditions are not properly followed.[7] On the other hand, wrongful termination is a rejection of the contract which in its nature is a material violation of the contract. It provides an opportunity for the innocent party to pursue damages caused. However, the non-breaching party must prove the existence of the loss.[8] auditing, under the contractual termination, the agreement may have various categories of loss that can get recovered and the confines on recovery. The common law of termination that must prove that the violation is material or substantial, could increase the damage recovery cost because of a specific condition that might not come into play with a contractual termination. Common law termination states that once there a material or substantial breach, the grieved party should be permitted to recover enough to get where he would have been if the contract had been properly finalized.[9] This includes loss of profit as well as other damages. The case between Albert and George is about a construction contract. Albert wanted to build a new home, therefore, he approached George who is a constructor so that to build his home. Due to education illiteracy, George tricked Albert to sign an expensive house design and with Alberts consent, George went on to build the house as per the contract but Albert later found that the house had a serious problem. He further spent more money to repair what George had done but after spending an extra amount due to the substandard work done, George send his invoice for payment as was agreed in the contract. Therefore, this paper intends to determine whether Albert has any responsibilities to pay George, and if Albert have remedies as stated in contract law. Under contract law both parties have to perform as per the contract terms. Therefore, it is Georges obligation to perform as per the agreement. He will have to pay George his due because George was able to perform his duty as was in the contract. For a contract to be created there must be an offer, intention, acceptance, and consideration. An offer is a statement that leads to an assurance to do something if the person to whom the proposal is directed does something in return.[10] According to this case, it is evident that Albert made an offer by requesting George to build the house for him. In return, George promised to build the house. This means that there was an offer. It also means that there was an intention by both parties. It is because Albert intended to have the house whereas George also had an intention to build the house. On the other hand, acceptance is an unambiguous communication by the offeree accepting an offer. For an offer to be agreed to by a party and to establish a lawful acceptance, the communication or behavior must happen in rejoinder to the offer.[11] It is satisfactory if the party providing an offer was acting the way he did regardless whether it is the leading reason. In general, no specific form is needed for acceptance. In Empirenall Holdings Pty v Machon Paull Partners Pty Ltd, the Court held that whether a reasonable action regarding the conduct of the person given an offer, which includes his quietness, showing signs to the person giving the offer that his offer has been accepted. Consideration Furthermore, consideration refers to the price requested by the promisor in exchange for what he has promised to do. In numerous considerations of the jurisdictions it is not a vital element of a contract. What is essential is that the parties have reached an abiding agreement. Nevertheless, under the common law, for the promise to be abiding, the person who makes a promise must give consideration for the promised they have made. Hence, free promised are not enforceable due to limited exceptions. In this Albert must pay $ 250,000 to George as consideration.[12] Numerous commercial contracts hold express provisions for remedies. For example, in a business contract, the buyer may be entitled to request the seller to make new goods or replace the defective items. On the other hand, there may be presumption that expressed in the contract stating that all the terms required to control the contract relationship have been added by the parties in express written method in the contract. In so doing the term intends to shift any remedies and rights given by law that are not specified in the agreement.[13] The reason for the collective remedies clause is to make sure that the rights of the parties are particularly provided in the agreement as well to their rights as stated under the general law. Therefore, some of the remedies that Albert is entitled include damages, remoteness of loss, and measure of damages, among others. Damages Damages in a breach are the rights of the innocent party. An innocent party might claim the damages from the breaching party in a contract. The damages might be substantial or nominal. Substantial damages are given inform of monetary reward for the loss grieved due to the breach cause by the other party. For the innocent party to attain substantial damages he has to show that he underwent a loss due to the breach and amount he has lost.[14] Therefore, Albert has the right to claim for the damages he has faced due to the contract. For example, he can claim for the money he paid for rent in three months and the total amount he used in the process of repairing the house. This is evident in Bellgrove v Eldridge Remoteness of Loss The grieved party might only recover the damages for the loss they suffered if the loss is not too remote. The main reason for the damages is to put the grieved in the position he would have been if the deal would have been correctly performed. Under this doctrine the innocent party can only recover the following losses: All losses evident from the breach. The loss that was in the examination of the parties at the time when the agreement was completed as the probability outcome of the breach. However, if the loss cannot be categorized under the above situations, then it will be too remove and may not be recovered.[16] Measure of Damages Measure of damages is a method for calculating the damages to which the grieved party is permitted. This clause covers the loss of expectation and bargain.[17] It is assessed by the methods, which are the difference in value or cost of cure. There are four potential ways in which Harry can structure his business. These include partnerships, corporation, S Corporation and Limited Liability Company. Harry can consider having the business owned by several people. This is called a Partnership business structure. It could either be general or limited. In the general case, the partners accomplish the business and ignore the obligation for the companys obligations including debts. On the other hand, the limited case comprises both the general and limited partners. While the general partners possess the company, control it and assume the business debts and obligations, the limited partners only serve as investors where they do not govern the business and are not subject to legal responsibility.[18] Generally, limited partnerships may not be the greatest option for Harry being that it is a new business because he may require a lot of filings and administrative complexities.[19] Nonetheless, it may work if he expects to have many passive investors. However, in case he requires active involvement of only two or more partners, then a general partnership structure would be easier to use. Forming a partnership is both advantageous and disadvantageous. It is of advantage primarily because of its tax treatment. This business structure does not pay tax on income. However, it passes through the gains or losses to the specific associates. The partnership is obliged to file returns on taxes reporting the business income or loss to the IRS.[20] Besides that, all the individual partners are forced to report their income or loss shares on the Schedule K-1 of Form 1065. Nonetheless, using the general partnership structure is disadvantageous because of personal liability. Similar to sole proprietorship business structure, the general partnerships have the partners individually answerable for the amounts overdue and obligations of the business. The partners can individually perform in place of the business, take loans and decide on what will move and bind every partner.[21] Establishing partnership structures are also costly as compared to sole proprietorship since they need more legal and accounting services. Corporation Corporation is a business structure that is independent and is separate from its owners. As a result of this, it needs to comply with most tax requirements and more regulations. In case Harry decides to incorporate, he will enjoy some benefits. For instance, he will have the liability protection. Debts in corporations are not taken as the owners liability.[22] Thus, if Harry organizes his business as a corporation, he will not have his personal assets at risk. Besides, a corporation can also hold a portion of its gains without the owner having to pay tax for them. Another benefit for a corporation structure is the ability to raise money. This kind of business structure allows selling of stock to come up with the required funds.[23] In addition, the corporations also indefinitely carry on despite the loss of one of the shareholders, disability of a shareholder, or in case the shareholder sells out the companys shares. Aside from the pros, the corporation business structure also has some cons. One of them is the higher costs. This business structure is formed under the state laws with each having its own set of regulations. In this case, an attorney is required to provide guidance. Besides, since a corporation is required to adhere to the more complex rules and regulations compared to a sole proprietorship or partnerships business structure, it needs to have extra accounting and tax preparation services. The next disadvantage is that owners of this kind of business structure pay double in taxes on the earnings of their businesses. The types of businesses are not only subject to income tax on federal and state levels, but also the incomes that are dispersed to the stakeholders as payments are taxed on individual rates on their personal income tax returns. S Corporation As a small business owner, Harry can also consider structuring his business as an S Corporation. This structure is more attractive than the regular corporation. Its tax benefits are more appealing and also provide the owners of the business with liability protection. An S Corporation allows passing through of income and losses to the shareholders and they also get involved in the personal tax returns. Consequently, it allows payment of only one level of federal tax.[24] It also allows its owners who do not have inventory to employ the cash accounting method, which is known to be much simpler unlike the accrual one. Generally, when income is received, it is taxable and when expenses are paid, they are deductible. It is also a plus to this kind of structure that it can have up to a hundred shareholders, making it possible to hold more investors and, consequently, attract more capital. Conversely, S corporation is of disadvantage because: (1) It is subject to most of the Corporations rules implying that it has higher costs of legal and tax services. Aside from that, they must file articles based on incorporation hold meetings, keep the necessary minutes and let the shareholders to vote on the corporate choices. (2) This structure allows the issue of only one class of stock. According to experts, this can hamper the ability of the company to raise capital. (3) Owners of stocks can only be estates, individuals, and some specific types of trusts. Limited Liability Company Lastly, there is also an option of an LLC which is a hybrid entity that combines the features of corporations and partnerships. It is similar to an S corporation except that it offers owners more advantages compared to the S corporation. For instance, it has no limitation on the number of shareholders. Additionally, the LLC owners are permitted to fully participate in the business operation. Nonetheless, setting up this kind of structure forces the owner to file articles of the organization with the state secretary where the business is carried out.[25] Besides, the company also dissolves immediately a member retires, quits or dies. References Belisario, M. G. (2009). The Sky's the Limit: Understanding How Choice of Business Structure Can Impact the Success of Your Patent Licensing Strategy. Licensing Journal, 29(1), 1-9. Chambers, K. D. (2008). The entrepreneur's guide to writing business plans and proposals. Westport, Conn: Greenwood Publishing Group. Davies, C. (2009). Outsourcing contracts and remedies. Communications Law: Journal Of Computer, Media Telecommunications Law, 14(1), 20-23. Doris, M. (2014). Promising options, dead ends and the reform of Australian business-law. Legal Studies, 34(1), 24-46. Edward, W. (n.d). Real Property - Disputes about land contract breach preclude summary disposition. Michigan Lawyers Weekly. Fitzgerald, B. (2001). Intellectual capital and law in the digital environment. Ivey Business Journal, 65(4), 22. Gergen, M. P. (2009). A theory of self-help remedies in contract. Boston University Law Review, 89(5), 1397-1449. Jackson, N. M. (2017). Payment promises: Communicating students obligation to pay via financial responsibility agreements. University Business, 20(8), 53-55. Jimenez, M. J. (2008). The value of a promise: a utilitarian approach to contract law remedies. UCLA Law Review, 56(1), 59-126. Paterson, J. M. (2013). Developments In Consumer Protection Law In Australia. Legaldate, 25(2), 2-6. Posner, E. A., Sykes, A. O. (2011). Efficient breach of international law: optimal remedies, "legalized noncompliance" and related issues. Michigan Law Review, 110(2), 243-294. Robinson, A. (2009). Australian Construction Law 2009, 1-79. Sherborne, A. E. (2017). Restitution in the conflict of laws: characterization and choice-of-law in Australia. Journal Of Private International Law, 13(1), 1-34. Smith, T. (2011). The current state of Contract Law in Australia and why it is important for rural economics to understand it. AFBM Journal: Agricultural Business Management Farming Systems, 8(2), 67-71
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