Jones purchase the stock of Smithon outright leaving Smithon intact? The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock.
.Owners of the corporation are called shareholders, and shareholders only risk the investment they made in the business, which is the price of their shares of stock. The law also recognizes an LLC as an entity separate from its owners, called members. Therefore, states do not hold the members of the LLC liable for the financial obligations of the business that exceed their direct ownership amounts in the business. 3. Which organizational forms give their owners limited liability?
US government should be trying to regulate businesses With the current global economic situation in turmoil, I truly believe that the regulation of businesses by the United States (US) government is justifiable and they should not let the market handle the matter. I say this only because the market players, i.e. Goldman Sachs, JP Morgan as well as other financial banks are the only one who truly benefit from these crisis. Most free market societies always have protracted economic downturns or even slower than expected recovery’s when they allow the market to correct itself without the intervention by government. It can be the fastest way to economic collapse or a deterioration of any recovery.
According to this view, the root cause of the Great Depression was a global over-investment in heavy industry capacity compared to wages and earnings from independent businesses, such as farms. The solution was the government must pump money into consumers' pockets. That is, it must redistribute purchasing power, maintain the industrial base, but re-inflate prices and wages to force as much of the inflationary increase in purchasing power into consumer spending. The economy was overbuilt, and new factories were not needed. The common view among economic historians is that the Great Depression ended with the advent of World War II.
How can governments and banks cease to foreclose our homes when they’ve never helped us earn any of our income? Despite that paying federal taxes and interest rates weren’t enough. For those who cease to revoke our assets, are they considering it to be humane? These are only small examples relating the modern world and the essays of Ortega Y Gasset’s “The Greatest Danger, the State” and Erich Fromm’s “The Individual in the Chains of Illusions”. Gasset’s concept of the State manipulating the ‘mass’ referred to as the collective people (the people of society), can turn society to live for the “governmental machine”.
Labor Relations MGT/431 - Human Resources Management August 25, 2010 Labor Relations The economy of today limits the power of unions within an organization. Priorities of businesses focus on staying in business not the threat of unions. Open communication between businesses, employees, and labor relations is vital to the strategy of any company. This paper will define union and labor relations and the affect on organizations. This paper will also observe the effect of changes in employee relations strategies, policies, and practices on performance.
Michael Moore didn’t explain to the viewers that this is merely one out of many corporations that makes decisions solely to benefit themselves, regardless of how it affects other people. This is the nature of the business; this is capitalism. When a corporation can benefit by moving their factories that is what they are going to do, this is an example of Adam Smith’s invisible hand. If a business is successful, they will stay in an area until there is a better option. This happened with General Motors, where other countries required a lower minimum wage, allowing General Motors to collect more profit.
When you break down what a manager means to a business. The manager is so much more than just a manager, their the educator, planner, analyzer, resource and whatever else the company needs to move forward. Whether it’s Amazon, GE or the NBA a manager takes advantage of market inefficiencies or finds previously undiscovered niches. Managers that can take advantage of these findings take on the characteristics of entrepreneurs, however, they are not entrepreneurs because they work to redirect the inputs of existing companies rather than create new forms of product. According to Berri, D. J., Leeds, M. A., Leeds, E. M., & Mondello, M. (2009) Jack Welch, did not create any new financial services, but did transform GE’s focus from manufacturing to financial services at a time when manufacturing was declining.
It seems that these days America is transforming from a country with capitalist ideology to somwhere where socialism is the norm. In order to understand what this change means, knowing what these terms entail is necessary. Dictionary.com defines capitalism as, "an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth." In other words, wealth is not regulated by government, products and serives are not controlled by the government, and private industry is the main form of business. Socialism is defined as, "a system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole."
The Traditional Values Coalition feels that the government is asking a business to contribute. While a business itself cannot physically be involved in moral or religious decisions, its founders and executives can be. The argument is not one of religion but on what constitutes the separation of a business from a person’s own beliefs. If you founded the company and built it from nothing does that mean you have the sole responsibility to decide what your company will or will not do based on how you think? This leads to another question, which is at what point does a company surpass its founders belief system?