Legal Forms of Business Paper Essay Example | Topics and Well Written Essays - 1250 words

Legal Forms of Business Paper - Essay Example Sole Proprietorship A sole proprietorship is a kind of business structure wherein a business is to be carried by an individual or a married individual alone. If Miguel chooses this type of business structure he will find it is easy to operate, enjoy the profits and have the benefit of the flexibility of management. A sole proprietorship has fewer legal controls but at the same time has an unlimited personal liability (Reed, n. d.). Example: Miguel launches food services. The name of the company is Miguel’s Food Services. The name comes from the name of its sole owner, Miguel Garcia. Miguel invested $50,000 from his own funds and borrowed $100,000 from the bank for the business. Let us assume that the business failed after several months of operation, and he still owes the bank the amount of $50,000. As a sole owner, he is liable to pay the bank the whole amount from his personal assets. Miguel will find it difficult to attract investors under this set up. Because he is new in this kind of business, there is also the possibility of the flaw of management, as he does not possess the necessary skills needed in the business. Partnership A partnership is a kind of arrangement wherein two or more persons (not a married couple) agree to contribute money, labor, and skill to a business (Reed, n. d). Example: Let us suppose that Miguel accepts Peter as a general partner, each of them shares in the management of the business, shares in the profit and losses of the company and both of them are equally liable for the debt of the company. Each party must agree to the participation of its partner, and the partners can do it orally, in a written form or implied, and no formalities are required. It should be a good practice to have a written agreement to avoid future disputes (Cheeseman2010). Thus, Miguel, and Peter as business partners should write articles of partnership that spell out their terms of agreement in management, profit, or loss. Their Food Service does no t pay federal income taxes. Instead each partner should pay his or her income tax separately. This way, the government can trace if they declare their income and losses properly. General partners have the right to share in the management and also to share in the profits. Under the rule, no partner is allowed to receive a compensation for his performance in the business unless otherwise agreed upon. However, a partner is allowed reimbursement for business travel expenses and expenses incurred for the business. Limited Partnership Another possibility for Miguel is to consider the limited partnership wherein he can be a general partner and accept partners on a limited basis. As a general partner he manages the business and shares fully in its profits and losses. The limited partners share the profits of the organization but their losses are limited only to their shares in the company (Reed, n. d.) Let us take this example. The company is registered as Best Food Services, Ltd. The word Ltd. signifies that partners have limited participation in the company. Miguel, Peter, and James are partners. Miguel is the general partner; Peter and James are limited partners.

Soviet Dissidents Essay Example | Topics and Well Written Essays - 1500 words

Soviet Dissidents - Essay Example During the cold war , the dissidents by their sheer presence were able to bring out the hollowness of Soviet claims that theirs was also a form of democracy and they had the unanimous support of people behind them. Thus historically, the dissidents have played a very important part in how the Western countries have viewed Soviet Union as a country. Because of the oppressive nature in which these dissidents were handled, the democratic faade of Soviet Union crashed and the differences between East and West became hugely apparent. The dissidents managed to reveal the actual manner of political repression in Soviet Union. Those who disagreed with the government's policies were arrested and sent to labor camps. Rather than acting as a deterrent to others, such actions prompted other dissidents to publicize these arrests using western media. When the government tried to arrest more people, more information started coming out from these camps - the stories about labor camps and psychiatric hospitals where prisoners were treated inhumanly and subjected to mental and physical torture. All this information caused a huge uproar against the government both within and outside the Soviet Union. By gathering and circulating information, they were able to draw attention to the plights of Jews and other minorities, non-Russians seeking to emigrate, and many others-whose situation had been little noticed. In 1965, two young writes -- Andrei Sinyavsky and Yuli Daniel were sentenced to long labor camp sentences for publishing their works abroad. The international reaction was immediate and harsh and this seriously damaged the image of the Soviet Union. But government refused to budge and both Sinyavsky and Daniel had to serve their labor camp terms, but the Soviet Union never again imprisoned a writer for his writing. Later other dissident writers such as Alexander Solzhenitsyn were forcibly exiled while Vladimir Voinovich, Vasily Aksyonov, and Georgy Vladimov emigrated under pressure. But by then, these dissidents had been fairly successful in bring out in open the conflict in the Russian society. Their efforts also gained them some relief such as freedom of expression ( to a certain extent), allowing of mass emigration from Soviet Union. Before the 1970s, it was virtually impossible to leave the Soviet Union legally. Finally the decision was made to allow Jews to emigrate under a formula - that they were returning to their "historic homeland". And finally, they influenced the government's treatment of dissenters themselves. Earlier, one of the dissidents -- Yuri Galanskov died while serving his sentence in a Soviet labor camp. But later on, Soviet authorities kept the well-known dissidents alive. They could afford to let them die because of fear of reprisal from western countries. They also star ted reducing and avoiding the arrests of prominent dissidents and allowed them to continue their activities. Of course, they were kept under tight surveillance. Although some section of western media thinks that soviet dissidents were paid more than the due attention, but the fact remains that had these people not made their voices heard, the Soviet Union we see today having more liberal attitude would not have emerged. Let us take a look at some of the dissidents and how they helped in influencing the government attitudes. One of the main dissidents Aleksandr Isayevich Solzhenitsyn was a prominent novelist and