Business organisations Essay Example | Topics and Well Written Essays - 1250 words

Business organisations - Essay Example Due to its corporate nature, like a structure of a company; some provisions of Partnership Act 1890 are not applicable to an LLP. Characteristics of Limited Liability Partnership Incorporation At least two people are required to form a Limited Liability Partnership. The Limited Liability Partnership is a legal personality (Law society, 2007).They associate for the purpose of doing a lawful commercial activity with a view to earn profit. To become a legal person, the members of Limited Liability Partnership are required to provide their names to a document called an â€Å"incorporation document†. In this document, name of Limited Liability Partnership, location and address of registered office, names and addresses of minimum two members must be mentioned in the incorporation document. After completing all these necessary legal requirements, the incorporation document must be sent to the registrar. Additionally, a declaration of compliance that Limited Liability Partnership sati sfies the requirements of the Limited Liability Partnership Act 2000, should be sent to the registrar. Upon receiving the incorporation document, the registrar will ensure that all legal requirements are satisfied. After ensuring that, the registrar will issue a certificate of incorporation. ... The members of partnership can decide the rights and duties of members by mutual consent and agreement. In case, the members are unable to agree on rights and duties, then, the partnership will be governed by Limited Liability Partnership Regulations 2001 (Corporate and Business Law UK). Also, each member acts as an agent of the Limited Liability Partnership. Name The incorporation document must include the name of Limited Liability Partnership. The name must end with â€Å"Limited Liability Partnership, or llp or LLP†. Liability for Debts The liability of a member of a Limited Liability Partnership is limited to the capital contribution (Duntop). If the Limited Liability Partnership goes into liquidation, and the liquidation creates debts that are required to be paid by the members of the Limited Liability Partnership, then, the liability of the members of the Limited Liability Partnership shall be restricted or limited to the capital contribution provided by the members. Als o, the members are not under any legal requirement to contribute a specified amount for the creation of a Limited Liability Partnership. This right is given to the members that they themselves decide the amount for capital contribution. Additionally, the members are allowed to withdraw their capital contribution anytime. The law has authorised the members take and implement this decision. Benefits of Limited Liability Partnership The provision of limited liability This is a significant benefit of Limited Liability Partnership. In the standard partnership, the members have unlimited liability. This means in case of liquidation, the members of standard partnership are required to

Commentaries on a company's performance over last 2 years Assignment - 1

Commentaries on a company's performance over last 2 years - Assignment Example This means that the company is in good position in respect to its debtors since lower receivable days indicates that the company takes less time to collect the receivable amounts. By faster receive of due, collection related problems get reduced, and also the company has improved its profitability and rate of return on investment by better management of funds receivable. Finally, payable days have been calculated which has increased in 2012-13 from the previous year. This means compared to previous year, Morrison has been delaying payment to creditors to conserve cash. This can happen because Morrison has good terms with vendors. Compared to the previous year, Morrison has been holding on to its cash for a longer period in 2012-13. In this section, horizontal analysis is done by measuring the amounts receivable and payable in the two concerned financial years. Amount receivable has reduced in 2012-13 which means that Morrison has shown a better performance in collecting debts this year. This means increased cash which can be used for operational purposes. On the other hand, amount payable has increased in 2012-13. As already explained Morrison may have been holding on to cash and delaying payments for operational purposes. In this section, profitability ratios have been calculated to determine the operating success of Morrison. There has been an increase in the gross profit margin from 1.76% in financial year 2011-2012 to 1.86% in 2012-13. This indicates that the company is enjoying an improvement in its market position, and is in a position to charge higher price for its products which in turn can result in enhanced revenues. However, there has been a 7 percent decline in EBIT (earnings before interest & tax) in 2012-13 from previous year. The major reason attributed is difficult conditions in the market. According to chief executive Dalton Philips â€Å"economic backdrop remains

Is Fashion important Essay Example | Topics and Well Written Essays - 250 words - 1

Is Fashion important - Essay Example Human nature is such that most people judge others without really caring to know their personality. Just as simple as looking at someone, it is possible to determine if an individual is stylish, neat, trendy, lazy, or disorganized (Evans 32). While one does not need to strive to be perfect every time, basic thought and upkeep into one’s appearance makes a huge difference in how people perceive the individual. Fashion also helps people to be creative. When people create something that they like, which ends up being successful, they feel good about themselves (Kawamura 21). For instance, a person who wears an outfit that he or she has never worn before and is complemented about it will have an increase in self-confidence and self-esteem. This makes the individual more willing to try out new things as he or she knows that it will be appreciated. Once an individual understand that there is no problem with looking different in comparison to the rest of society, they begin to acquire a signature look and style. This makes them less vulnerable to being stressed about their style. They do not feel the pressure of appearing similar as the rest. Through this, people gain confidence in themselves, promoting creativity in their lives and being expressive about

Hospitals in Brooklyn Term Paper Example | Topics and Well Written Essays - 1250 words

Hospitals in Brooklyn - Term Paper Example The government has proposed a way to deal with the imbalance and prevent more public hospitals from filing for bankruptcy. This is through providing measures that will provide short-term relief to the financial crisis. Long-term measure in the Obamacare program is by adopting a socialist way of providing medical care. Short term measures range of redistribution of resources, including finances and the staff (Berger, 2012). These measures are aimed at balancing the operations of the hospitals to ensure that the citizens still have access to basic medical care. The government can also stabilize operations in hospitals by appointing a board made up of capable members. One of the principal causes to bankruptcy is mismanagement of existing funds and this can be achieved by appointing an effective hospital board. One of the reasons as to why Brooklyn hospitals are at the brink of bankruptcy is due to decreased income (McCarter, 2011). Brooklyn hospitals face market Competition from other hospitals such as the Manhattan hospitals. People who are medically insured tend to go to the better-equipped and staffed Manhattan hospitals rather than the Brooklyn hospitals. Thus, it is a common observation to observe empty hospital bed in Brooklyn. This not only reduces the income due to lack of patients, but also there is an unequal distribution of finances. The odds of competition can be evened out by restructuring the operations of the hospital. Renovations to the hospitals and offering of premium healthcare packages will increase the number of economically stable patients. This will increase the income to the hospital. Matching the healthcare provided by the hospital to the level of surrounding hospitals will also attract many investors. The increased income can be used to renovate the hospitals, eq uip, and staff so that they can match the quality of healthcare provided in competitive hospitals. Renovation comes with creating a new system

Endangered language.-----sermo vulgaris Essay Example | Topics and Well Written Essays - 1250 words

Endangered language.-----sermo vulgaris - Essay Example The language was mostly spoken at home or in social gatherings where people had the freedom to talk without following certain rules as it was with the classical Latin. Language spoken and not written was highly diluted by other languages and could not be easily traced. The original composition of the language is not concrete because its earlier existence was not recorded. Sermo Vulgaris spread to various parts of the world but mostly to areas that traded with the Roman Empire. Because of the trade relations that existed among nations that traded with the Romans, they had to integrate Sermo Vulgaris in their languages for them to effectively trade with the Empire. The empire also took many nations captive and they were forced to learn their language for them to communicate effectively. Political interactions and positions in various areas that were close to the empire also influenced the spread of the language (Nancy & Thomas, 1983). Social interactions among the normal people in the Roman Empire and other commoners in other communities also influenced the growth of the language. It was further widely spread to other countries because of their integration with other cultures and social groups. The Romans who spoke Sermo Vulgaris played a great role in the diversification of the language. However, despite its massive growth, there came a time when the language started diminishing from its people. The language slowly degraded because of several factors. The changes made by the soldiers of the Roman Empire played a part in the extinction of Sermo Vulgaris. When the Roman Empire interacted with people of other nations, Sermo Vulgaris became a weak language. The correlation between Sermo Vulgaris and other languages led to the dissolving of the language leading to its slow and lingering death. Since the language was not written down, its survival depended on

Deep sea exploration Essay Example | Topics and Well Written Essays - 1000 words

Deep sea exploration - Essay Example This scientific act can be seen as good or bad depending on the perspective of an individual. From the beneficial point of view, deep-sea exploration can enhance human life on the planet through revelation of new sources of drugs, food, energy resources. The information from the deep-sea exploration can help foretell earthquakes and tsunamis and help scientist to understand how these affects change of on climate and human life as a whole. On the other hand, it can be seen as a threat to human life in the following ways: ocean acidification and atmospheric ozone depletion. Species like sponges normally have chemicals compounds that they use for defense purposes when they are under attack. These chemicals have very essential components that may of great use in the manufacture of new medical drugs (pg 20). These drugs can cure for various diseases such as heart diseases, cancer, asthma and arthritis, which are the most killing diseases in the world. This species are proving to be of very importance to the health of the humankind as indeed the cure of all this diseases can increase an individual’s ability to live longer hence contributing one way or another to the positive development of the whole world (Koslow, J2009). Scientists have for long tried to discover new pharmaceuticals for various diseases, which have made them to spend a lot of time and resources, and sometimes ending in the total disappointment. If they encourage deep -sea exploration then there are no doubts that they will reap so many benefits from it according to the studies (Kos low, J2009). Deep-sea exploration can also improve ocean literacy and inspire new carriers to the growing population of the youths. These carriers may include engineering and mathematics. Deep-sea exploration creates adventurous discoveries that the youths find to more exciting to be part of. The urge to discover new ideas concerning the deep sea has provided the basic knowledge for problem

Nursing Community Project Hypertension impact on the Miami dade County Essay

Nursing Community Project Hypertension impact on the Miami dade County Commiunity - Essay Example 2. Demographic Characteristics of the Selected Miami Dade County Community Miami Dade County has been selected as the setting for analyzing the impact of hypertension upon the community. Miami Dade is located in the state of Florida in the United States. The total population of this county constitutes to approximately 2,253,362. According to a recent survey conducted, it was observed that the number as well as the rate of deaths caused by hypertension is the significant cause of fall in the demographic figure of Miami Dade County. In the year 2006, it was stated that high blood pressure is determined to be the primary cause for death of around 319,000 Americans. Additionally, the rate of death due to hypertension has tremendously increased in the recent years. Furthermore, it has been observed that within the increased rate of around 58.7% suffers of hypertension, there includes a majority of females within Miami Dade (Health Council of South Florida Inc, 2010). On the basis of furth er analysis, it has been detected that ‘Prehypertension’ as well as ‘high blood pressure’ within adolescents have taken an accelerated leap in the recent years within Miami Dade County. ... Miami represents the one of the major cosmopolitan areas within the United States. This particular county nearly constitutes 38 ‘Census-designated’ places and 16 unincorporated regions. The county’s total physical area entails around 6,297 km2. It has been observed that immigrants of Miami Dade County were drastically affected by hypertension in the year 2006 and it continues to accelerate with the passing of years (Health Council of South Florida Inc, 2010). 4. Statistics According to the observation of Miami-Dade County Community Health Report Card, the increased admissions within hospitals caused by hypertension was the worst performance indicator in the year 2007.The pictorial diagram represented below depicts that with proper diagnosis as well as treatment of Hypertension in Miami Dade County, the disease can be prevented to a greater extent which stands to be in total around 34.1 percent (The Healthy Communities Institute, 2013). Source: (The Healthy Communi ties Institute, 2013) Source: (The Healthy Communities Institute, 2013) According to the assessment made, the aforesaid diagram depicts that hypertension can affect both the genders to a considerable level that is around 34.1 percent on an average (The Healthy Communities Institute, 2013). According to the analysis of ‘The Healthy People 2020’ national health target is aimed at reducing the level of high blood pressure among the age group of 18 years and above to at least 26.9 percent (The Healthy Communities Institute, 2013). 5. Nursing Diagnosis NANDA diagnosis has laid down certain diagnosis interpretation of hypertension which has been briefly explained below: Risk for Reduced Cardiac Output There are various risks