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Author: Chrysanth Herr
Publisher: GRIN Verlag
ISBN: 3638667359
Category : Law
Languages : en
Pages : 60
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Book Description
Bachelor Thesis from the year 2006 in the subject Law - Civil / Private / Trade / Anti Trust Law / Business Law, grade: A-, New York University School of Law, course: US corporate and commercial law, 0 entries in the bibliography, language: English, abstract: American company law traditionally offered a group of businessmen in quest of profit only two choices of business associations: a corporation or a partnership. Both forms have their advantages and disadvantages that depend upon various factors: the size of the envisaged business, its riskiness, capital requirements, need for a separation of ownership and management, liability, desired life of the venture, and transferability of share interests. The partnership has generally been used for smaller enterprises associated with less risk and capital requirements. The corporate form gives businessmen the opportunity to conduct risky business affairs with respect to potential tort liability as well as default risk without being exposed to unlimited personal liability because only the assets of the corporation can be used to satisfy claims. The benefit of limited liability came at the price of disadvantageous double taxation because, unlike a partnership, a corporation has been viewed as an independent entity and its income has consequently been taxed on the corporation's as well as the shareholders' level. This has driven smart entrepreneurs to conduct their business affairs in form of a hybrid entity, a combination of a partnership and a corporation, the limited partnership with a corporate general partner. In that form a corporation is the (sole) general partner of a limited partnership which results in limited liability for the owners and managers of this hybrid entity and the advantage of the preferential tax treatment of a partnership. Thus, this entity allows combining the benefits of a corporation and a partnership while reducing their shortcomings. The goal of this paper is to illustrate the development of
Author: Chrysanth Herr
Publisher: GRIN Verlag
ISBN: 3638667359
Category : Law
Languages : en
Pages : 60
Get Book Here
Book Description
Bachelor Thesis from the year 2006 in the subject Law - Civil / Private / Trade / Anti Trust Law / Business Law, grade: A-, New York University School of Law, course: US corporate and commercial law, 0 entries in the bibliography, language: English, abstract: American company law traditionally offered a group of businessmen in quest of profit only two choices of business associations: a corporation or a partnership. Both forms have their advantages and disadvantages that depend upon various factors: the size of the envisaged business, its riskiness, capital requirements, need for a separation of ownership and management, liability, desired life of the venture, and transferability of share interests. The partnership has generally been used for smaller enterprises associated with less risk and capital requirements. The corporate form gives businessmen the opportunity to conduct risky business affairs with respect to potential tort liability as well as default risk without being exposed to unlimited personal liability because only the assets of the corporation can be used to satisfy claims. The benefit of limited liability came at the price of disadvantageous double taxation because, unlike a partnership, a corporation has been viewed as an independent entity and its income has consequently been taxed on the corporation's as well as the shareholders' level. This has driven smart entrepreneurs to conduct their business affairs in form of a hybrid entity, a combination of a partnership and a corporation, the limited partnership with a corporate general partner. In that form a corporation is the (sole) general partner of a limited partnership which results in limited liability for the owners and managers of this hybrid entity and the advantage of the preferential tax treatment of a partnership. Thus, this entity allows combining the benefits of a corporation and a partnership while reducing their shortcomings. The goal of this paper is to illustrate the development of
Author: Daniel William Fessler
Publisher: West Academic Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
Organizes the leading cases around note materials that put complicated agency and partnership concepts into an easily digestible format. Describes concepts more clearly in a few sentences than other texts can piece together on pages. Designed as a complete stand-alone course text, it can also be used as a secondary book to flesh out business associations courses that cover corporations, partnerships, and alternate forms of association. Appendices include current versions of the Uniform Partnership Act (UPA), Uniform Limited Partnership Act (ULPA), and the Revised Uniform Limited Partnership Act (RULPA).
Author: Daniel William Fessler
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
Author: Daniel William Fessler
Publisher:
ISBN:
Category :
Languages : en
Pages : 363
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Book Description
Author: Entrepreneur magazine
Publisher: Entrepreneur Press
ISBN: 1613082495
Category : Business & Economics
Languages : en
Pages : 802
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Book Description
Start Your Own Grant Writing Business Thanks to funders like the Bill and Melinda Gates Foundation, grant writing is a growing industry and a vital service needed by nonprofit organizations. Order this guide and learn how to use your existing talents to get started as a grant writer—earning not only big profits but the priceless satisfaction that comes from helping laudable causes find funding. Grant writing is a craft that can be cultivated and mastered, and we show you how. You learn the main elements of a grant proposal, how to identify a need and propose a solution for foundations, where to look for grant funders, and what tactics to use to approach them. Learn everything you need to know to get started in this lucrative industry with step-by-step guidelines, including: Who needs grants Types of funders Finding grants Understanding a funders' guidelines A to Z of the grant proposal Effective grant-writing techniques How to confidently run your business If you enjoy delving into research, have great writing and speaking skills, and can passionately communicate the missions of organizations you believe in, you could have a bright future as the owner of a grant writing business. This guide gives you a one-of-a-kind grant-writing toolkit and shows you how to use it to win funding. Whether you'd like to write full or part time, this guide's top-to-bottom look at the field ensures you start like a seasoned pro. This kit includes: • Essential industry and business-specific startup steps with worksheets, calculators, checklists and more. • Entrepreneur Editors’ Start Your Own Business, a guide to starting any business and surviving the first three years. • Downloadable, customizable business letters, sales letters, and other sample documents • Entrepreneur’s Small Business Legal Toolkit.
Author: United States. Securities and Exchange Commission
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 1132
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Book Description
Author: The Staff of Entrepreneur Media
Publisher: Entrepreneur Press
ISBN: 1613081871
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
This second edition reveals how to prepare foundation, federal and corporate grant applications and includes a comprehensive directory of major funders’ contact information. It then offers readers cutting-edge business advice on setting up and registering a grant-seeking business and marketing themselves as savvy grant seekers. It covers current trends in grant seeking, topics that are on the radar of most funders and cutting edge application strategies. It also offers strategies for the online application process: using effective subject lines, searching for funders online and filling online budget forms. It’s divided into four sections: the art of the grant proposal, prospect research, starting and marketing a grant writing business and maximizing one’s chances of winning a grant.
Author: Robert W. Hamilton
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The traditional limited partnership is essentially a financing device that permits passive investors (the limited partners) to participate in the profits of a firm managed by other persons (the general partners) without fear of personal liability. The general partners are personally liable for all partnership obligations, including breaches of fiduciary duties owed to the limited partners. A limited partnership with a nominally financed corporation as its sole general partner departs radically from this model and becomes a limited liability entity not unlike a corporation. Since there is no prohibition against limited partners serving as shareholders, directors or officers of the corporate general partner, the organizers and managers of the venture may participate in the sharing of profits and losses as limited partners as well as through the corporate general partner.After discussing the unique features of the limited partnership with a corporate general partner, and the problems it poses in relation to fiduciary duties owed by the directors and managers of the corporate general partner to the limited partners, the author analyzes recent cases and proposes that courts should uniformly impose fiduciary duties on directors and managers of the corporate general partner. Additionally, the author analyzes the issues raised when control over the general partner is transferred to a third party and concludes that the appropriate analysis for determining whether a transfer is valid is whether the transfer poses an increased risk of harm to the limited partners.
Author: Garrett Sutton
Publisher: Business Plus
ISBN: 075952677X
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
OWN YOUR OWN CORPORATION reveals the legal secrets and strategies that the rich have used for generations to run their businesses and protect their assets. Written in a clear and easily understandable style, and now completely revised and updated to reflect important changes in rules and regulations, OWN YOUR OWN CORPORATION provides the necessary knowledge to save thousands of dollars in taxes and protect your family assets from the attacks of creditors. OWN YOUR OWN CORPORATION illustrates how to: Select the best entity for your own personal strategy Maximize the incredible benefits of corporations for asset protection and tax savings Raise money for your new venture Use employment agreements for your benefit Easily prepare and maintain corporate records
Author: Harry G. Henn
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1276
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Book Description
