Business Structure Advice Essay Example for Free

Business Structure Advice Essay Owner- Congratulations for taking the first step in starting your own business. I am confident that I can provide you the necessary information that you need in order to help you make the best decisions for you and your new business venture. Developing a detailed business plan is key in starting a successful business. When forming a business you will first need to decide on the business structure. In your email you stated that you were on whether or not you wanted partners. You have the following options for business structures: sole proprietorship or partnership. A sole proprietorship is the basic type of business structure. It would consist as you being the owner only to run and operate the business. The advantages of this business structure is that it is easy to start-up, the start-up costs are low and the owner receives all profits from the business. Also, the owner can upgrade to a partnership or corporation easily in the future. A disadvantage to this business structure is the proprietor is responsible for debts and obligations. Business earnings for a sole proprietorship is taxed once, thus making filing taxes not complicated. Funding for a sole proprietorship is usually from personal finances and friends and families. This is due to limited financial opportunities from lending institutions and investors. A partnership involves you and at least one other person. There is two types of partnerships: general and limited. In a general partnership owners are equal and split responsibilities accordingly. In a limited partnership the limited partner have a limited role. The advantage of a general partnership is that the business is easy to start and profits and losses are divided among the partners. A disadvantage is that all partners are liable for debt. Another disadvantage is that all partners are bound to actions or decisions made by one partner. Last, this is not a good structure if the partnership wants large capital. For this type of business structure, each partner is taxed. A limited partnership is ideal for who has a preference of not having an active role in the company. Advantages include: minimum government regulations, limited partners not held responsible for debt and liabilities, and gener al partners have complete control. Disadvantages for a limited partnership are: more expensive to create compared to a general.

Kidnapped :: Free Essays Online

Kidnapped Kidnapped: Being Memoirs of the Adventures of David Balfour in the Year 1751 was written by Robert Louis Stevenson. Stevenson was born in Edinburgh, Scotland in 1850. As a child growing up Stevenson was extremely sick and suffered from severe respiratory ailments which continually interrupted his schooling. As he grew up his relationship with his parents became more and more difficult. His father expected Robert to follow the family profession and become an engineer. Stevenson agreed to study law but rarely attended classes and studied literature instead. Motivated by his love for adventure and need for a climate that suited his health needs Stevenson was continually traveling. In the 1870’s he traveled to France making money off of essays and travel books. There he met Fanny Osbourne, a married American he soon fell in love with. Stevenson followed Fanny to California to arrange for her divorce and soon after the newly married couple moved back to Europe During the 1880’s Stevenson wrote the novels that would make him famous. Treasure Island was the first book to set him off on his literary career in 1883. This book although written for a boys magazine is said to be more for an adult audience; that’s how most of Stevenson’s books are, filled with romantic adventure and a grim reality. In 1886, Stevenson wrote two novels, The Strange Case of Dr. Jekyll and Mr. Hyde, one of his most famous works, and Kidnapped. Although received highly by the critics Kidnapped was overshadowed by Jekyll and Hyde in the public’s eye. Kidnapped is a story with fictional characters woven around true incidents. David Balfour is orphaned at nineteen and sent to his uncle to gain his inheritance. As he travels across the country to get to his uncle’s estate he learns that the people curse his name. When he gets to his uncle’s house instead of being greeted with a warm family welcome, his Uncle Ebenezer shuns him away. David refuses to leave and demands his inheritance and his uncle finally decides to take him in.

Determining the Rate of Reaction When Reacting Magnesium Powder with Hydrochloric Acid Essay

Aim: To determine the rate of reaction for: Research Question: What effect does the concentration of hydrochloric acid have on the rate of reaction when combined with magnesium powder? Hypothesis I hypothesise that the volume of hydrogen gas produced will increase at a steep, but steady rate as the concentration of hydrochloric acid increases, until the concentration is equal to 1.0 mol dm-3. Therefore, the rate of reaction will remain constant until this point. I suggest this concentration because the standard concentration of hydrochloric acid used in general experiments is usually 1 mol dm-3. I then theorize that the rate of reaction will gradually decrease until the gradient of the graph (‘effect of increasing concentration of HCl against the volume of hydrogen produced’ – line graph 1) becomes à ¯Ã‚ ¿Ã‚ ½0. Variables: Type of Variable Variable Ensured by†¦ Dependent Variable * Time Taken * Timed using stop clock * Volume of Hydrogen Gas Produced * Experiment repeated three time & Average taken Independent Variable (quantitative) * Concentration of HCl(aq) * 8 concentrations were used Controlled Variables * Temperature * Water bath was used * Thermometer placed in water bath * Mass of Magnesium * Used a 3 d.p. balance * Surface Area of Magnesium * Used powder & made sure mass was the same * Volume of Hydrochloric Acid * A burette was used to measure volume Requirements: * water bath (30oC) * 500cm3 conical flask * rubber stopper * delivery tubing * measuring cylinder * clamp stand * stop clock * 0.06g magnesium powder * 20cm3 hydrochloric acid * 3 d.p. balance * spatula * weighing boat * burette (x2) * thermometer in water trough * safety goggles Apparatus: Technical Notes 1) The magnesium powder should be as pure as possible. It should be stored in a clean and dry environment to ensure that no impurities (such as effects of oxidation) prevent the collection of accurate data. 2) Eye protection is necessary due to the use of hydrochloric acid – tiny bubbles may cause irritation of eyes. 3) Rubber, instead of cork, must be used as the material for the bungs. Cork is too porous and will leak. 4) No naked flames should be present – hydrogen gas is extremely flammable Method: 1. The solutions were prepared with a calculated combination of hydrochloric acid and water, to produce 8 different concentrations of 20cm3 hydrochloric acid 2. The apparatus was set up as shown in the diagram. The trough was half filled with water 3. The measuring cylinder was filled with water, and remained full whilst being turned upside-down (as in diagram) 4. The magnesium powder was added to the conical flask quickly and the bung was replaced as fast as possible to prevent any gas escaping. The stop clock was started. 5. The volume of the gas was then collected in the measuring cylinder, measured and recorded after 30 seconds 6. Steps 3-5 was repeated three times with fresh materials, and an average volume of gas collated was calculated for that concentration 7. This process (steps 1-6) was repeated for the 7 other concentrations (0.25 – 2.00M) 8. The rate of reaction was then calculated for each of the concentrations Observations: * As the magnesium powder reacted with the hydrochloric acid, fizzing on the surface was evidence of a reaction taking place. Conclusion: From my data and calculations, I determined the rate of reaction (for concentration of HCl: 0.25 to 2.00M) to be between 0.24 and 1.14 (respectively) à ¯Ã‚ ¿Ã‚ ½ 11.68%. The rate of reaction is affected by a number of factors. Increasing the concentration of reactants will usually cause the rate of reaction increase. A higher concentration will mean that there is more of the reactant to collide together and react. By measuring the volume of gas (hydrogen) evolved at each concentration, I was able to calculate the rate of reaction for each of the concentrations. The volume of gas evolved increases as the concentration of HCl (aq) increase, as does the rate of reaction (the gradient of line graph 1). However, the graph showing the rate of concentration against average volume of gas (i.e. showing the rate of reaction) begins to level off at 1.25M, and not 1.00M, as I hypothesised. This could be associated to one or many of the random or systematic errors, resulting in à ¯Ã‚ ¿Ã‚ ½11.68% uncertainty for the value of rate of reaction. It could also be that my hypothesis was proved wrong on this account. There is no standard rate of reaction, as it is different for each trial, since the rate of reaction is dependent on concentration. There is not single rate of reaction for this type of experiment. Evaluation: Variable Possible Problems Prevention Temperature of Hydrochloric Acid If the temperature increases, it could be the cause of any change in rate of reaction & would mask the effects of the change in concentration The flask was placed in a water bath set at 30oC in order to keep it at a constant temperature & eliminate this as an independent variable Volume of Hydrochloric Acid If the volume varies, it could be responsible for an increase or decrease in the rate of reaction & it would not be a reliable experiment 20cm3 of hydrochloric acid was used for every experiment Mass of Magnesium Powder If the mass increases, it would alter the rate of reaction & would cause inaccurate results 0.06g of magnesium powder was used for every experiment

Corporate Social Responsibility in Banks - 2893 Words

Corporate Social Responsibility in Banks S.Kavitha[1] Abstract Corporate social responsibility stands for business contribution to sustainable development and covers company’s active participation in different fields, human rights, human resources, relations with clients, suppliers, and other stake holders, corporate governance, environment and contribution to community and society. The social responsible attitude is integral part of the identity of financial institutions like banks, and it is one of their distinctive features. The Reserve Bank of India has asked the banks to pay special attention towards integration of social and environmental concerns in their business operations. Many of the newly formed private and foreign banks†¦show more content†¦But this view is severely criticized on several grounds. On the other extreme, there is opposite view, which favors the position that it is imperative for businesses to be socially responsible. This is based on the argument that business organizations are a part of society and ha ve to serve primarily societal interests rather than narrow economic objectives such as profit maximization. In doing so they have to deal with social concerns and issues and have to allocate resources for solving social problems. Carroll’s four responsibilities of business. Archie Carroll proposes that the managers of business organizations have four responsibilities Economic Responsibilities Economic responsibilities of a business organization’s management are to produce goods and services of value to society so that the firm can repay for its creditors and shareholders. Legal Responsibilities Legal responsibilities are defined by governments in laws that management is expected to obey. 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Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 2. Corporate Social Responsibility †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 2 2.1 Carroll’s CSR Models †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 2.2 Modern CSR Argument †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 2.3 Introduction of 3C-SR Model †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 3. The Co-operative bank and their Stakeholders †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreCorporate Social Responsibility Strategy for Bank of America1130 Words   |  5 PagesOrganizational Background- Bank of America is a multinational banking and financial services firm that has become a mega-giant the second largest holding company in the U.S. and the 3-4th largest bank in terms of overall capitalization. The headquarters are in Charlotte, North Carolina, with the bank servicing clients in over 150 countries and some type of business relationship with over 99 per cent of U.S. Fortune 500 companies and 85 per cent of the Global Fortune 400. Forbes lists BofA as theRead MoreThe Benefits of Implementing Corporate Social Responsibilities by a Brazilian Bank1335 Words   |  5 Pagesresearch paper, the benefits of implementing corporate social responsibilities by a Brazilian bank are explained. 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Email – 2007ankitapatel@gmail.com Abstract: At present Banking sector plays a significant role in the development of the nation, not only as a pillar of the financial system of the nation but also by contributing toward the society. Corporate Social Responsibility (CSR)Read MoreAn Organization s Corporate Social Responsibility957 Words   |  4 Pages An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced