Principles of Microeconomics Essay Example | Topics and Well Written Essays - 3000 words

Principles of Microeconomics - Essay Example Various distinctive skills brought by the partners can be availed which assist in advancing the progressions of the business. Further, the numerous responsibilities of the business can be efficiently carried out by distributing them among partners. (Hobday I.) Apart from numerous benefits there are some disadvantages faced by the partners. In this type of organization the partners do not possess limited liability and are therefore liable for to repay debts owed by the business. Most importantly, the profits generated are to be shared among the partners, leading to minimized profits per partner. Additionally, disagreements are likely to occur in the business due to the existence of different decisions taken by all partners. Significantly, the life of partnership depends upon the life of its owners. This means that the retirement or death of any one of the partners results in the partnership being ended. The type of management is decentralized of this business which is ensures that the business is not maintained after it is sold off. (Alfred M., 1920) Corporation has numerous pros and cons. The most vital advantage of it is the limited liability enjoyed by the stockholders as the stockholders are a separate legal unit from the corporation which protects them from the liabilities and debts of the business. Additionally, the life of the corporation is independent of the life of its owners. Consequently, the business will keep on working even if any of its owners die or are retired. Moreover, in this type of business the retirement and insurance plans are easy to establish. In addition to this, it is very easy to raise large sums of capital for this type of business by selling stocks. This business involves centralized management which ensures that the business is maintained even after it is sold off. Further, the ownership of this type of organization is convenient and easy to either sell or transfer by selling or transferring stocks. (Alfred M., 1920) On the contr ary, the significant disadvantage of corporation is the probability of taxes being charged twice. This means that the profits generated in a corporation are firstly taxed as income of the corporation and then secondly as income of the shareholder. The formation of corporation is very expensive and complex as several legal formalities are involved in the establishment of a corporation. (Alfred M., 1920) b. The three figure that with Moe's management experience, Larry's salesmanship and Curly's vast fortune, they have the makings for a successful business. Moe and Larry would run the day to day operations and manage the business, while Curly would supply the capital and stay out of management. Further, Curly wants to limit his personal liability to the amount he will invest in the company and does not really care what the tax consequences are. Based on these facts, which form of organization would be best for these guys and why? Ans: The best type of business organization for these gu ys can be limited partnership. This is due to the fact that Curly wishes to enjoy limited liability therefore, being limited partner he can invest large sums of capital into the business and thus protecting himself from paying debts of the business. While the other two partners, Moe and Larry being ordinary partners will invest in the business but will be liable to repay any debts owed by the business. Along with this they will be

Individual project 3 Essay Example | Topics and Well Written Essays - 500 words

Individual project 3 - Essay Example The total nonfarm payroll increased by 115, 000. There was an increase in the health care industry, warehousing and the transportation industry. In the year 2011, there was a total employment of 17.8 people with disability. In total, the unemployment rate for persons with disability was 16 percent. In household survey data, the total unemployment rate decreased by 0.3 percent. Among the major employee groups, the total employment rate for the total adult men was 7.3 percent, the adult women were 7 percent, and for the whites was 7 percent (U. S dept of Labor and Stat 2012). In demographic trends, the population of the US doubled in the year 1950 to 2000. The labor force has been continually growing up to 200 million currently. The wages paid to the workers have continually grown due to the changes in population. The increase and growth in labor force has been largely contributed by the increase in women labor force and the increase in population. The labor force has been increasing by 2.6 percent each and every year. It has been projected that there will be a slower growth rate in the labor force in the next 50 years by 0.6 per year. However, USA is better placed than other countries for example countries in East Asia and some parts of Europe. Those countries are continually facing shrinking workforce (Andrew 2009). According to CNNMoney . com, immigrants in the USA have gained thousands and thousands of jobs since the great Recession. However, thousands and thousands f US born workers lost millions and millions. According to Pew Research Center, US native born workers lost more than 1.3 million jobs in 2008 and 2009. Thus, the unemployment rate for the native born was higher as compared to the immigrants. The unemployment for the immigrants was 8.7 percent while that of the native born was 9.7 percent (Whohlers 2012). In Religion statistics, the major religion is the Christians who are