Date: Friday 26th September 2014 Submission Date: Tuesday 30th September 2014 Unit 2: The Business of Travel and Tourism 2.1: The travel and tourism business environment The Public Sector The public sector consists of regulatory bodies‚ conservation groups and public sector organisation which are funded by local‚ regional and central government‚ . A good example of a localy funded organisation would be Dover ’s local tourist information centre‚ controlled and funded by Dover District
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of legal personality and the lifting of the corporate veil from the cases of Salomon v A Salomon co ltd (1897)‚ Catherine lee v Lee’s Air farming ltd (1960). Salomon v Salomon was the first principle case of its kind and its principle was that a limited company is a separate legal entity‚ in catherine lee v lee this case was reaffirmed‚ and Gilford Motors v Horne was the first law case to ‘pierce the corporate veil’. WHAT IS THE PRINCIPLE OF separate CORPORATE PERSONALITY? There are 3 types of
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are allowed to distribute one kind of stock‚ but they are limited to having 100 shareholders or less. Mr. Jones is eligible to start his used car dealership as an S-corporation because he is a resident
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represents by the Assets and the other ones by the Liabilities. The concept states that both sides should be equal to each other. In the Statement of Financial Position we can see that the Total Assets are equal to the Total Capital and
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The role-play is an exercise in which the class is divided into teams of five to six each. The students read a very short case situation and are then assigned roles in the organization. They are provided with varying levels of information about an issue. The teams then interact to provide recommended courses of action representing short-term‚ mid-range and long-term consideration. Each team experiences the group dynamics and tension that can occur between different departments seeking protection
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business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b) My recommendation for forming CCS is LLC. I chose LLC because the organizing business members may reduce their individual tax liabilities by operating as a LLC. CCS should be concerned about
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Assignment 8: The Business World (24.0 points) 1. Choose a good that you are familiar with‚ such as a t-shirt‚ a tennis racket‚ a cupcake‚ a pair of sunglasses‚ or any other good. Be sure to choose something specific. Then‚ analyze its economic utility‚ using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points) A gaming computer mouse b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it
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business liabilities. Partners‚ therefore‚ also have unlimited liability. However‚ there is now a fairly new form of partnership in which the partnership is treated as a separate legal entity with its own assets and liabilities. This is known as the limited liability partnership (“LLP”). Like a company‚ the LLP is registered at Companies House and must file accounts. The partners continue to control and own the business – but the crucial different is that they are protected by limited liability
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uidelines for You are the Judge Papers These are the guidelines for the You Are the Judge papers. Remember that each paper is worth up to 100 points and the information can come from any portion of the textbook‚ not just your currently assigned reading. The minimum length of the papers will be three double‐spaced pages. The maximum length of the papers will be seven double‐spaced pages. The required three papers will be prepared by the student using the following format (any other
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You should ensure that you do the following in your essay: (a) Identify the central issue in this case that has both a legal and an ethical dimension. Clearly state both the legal dimension/question and the ethical dimension/question raised by the issue. (b) Explain how the legal issue will be resolved by stating the law and then applying it to the facts to support your conclusion. (c) Discuss the ethical dimension of this issue using one of the ethical forms of reasoning that we have discussed
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