...All businesses have their own way of doing things. They all have their own strengths, weaknesses, structures, procedures, opportunities, and hindrances. At the end of the day, a business has to do what works for them. Our company is known as a comprehensive financial planning firm with a focus on the elderly population. We concentration on Tax, investment and Legal Planning with estate and elder law and elder care health issues. Our goal is to make sure our clients not only enjoy their retirement but stay in retirement. The company principals are to provide exceptional customer service with dignity to our clients. We provide this element of service by starting the relationship with our clients by focusing on what their life goals are. We feel that by helping better define their goals and what steps need to be taken to accomplish them, it brings purpose to their investments, assets and lifetime of hard work, which goes beyond just the idea of growing your money with no end in mind or purpose. We also strive to find creative ways to give back to our communities we live and work in. We feel it is our responsibility to give back to the communities that support us and assist the less fortunate. We have tried to focus a lot of our marketing towards giving to charities and helping our clients give towards causes that are close to their hearts. During the year we have chosen certain causes to donate towards as our clients will give us a referral or donate a percentage of sales...
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...Issue 1 The education Enterprise in the WFOE case should be deemed a VIE. According to U.S.GAAP code 810-10-15-14-b, a legal entity could be considered to be VIE if the conditions in section b exists. In section b, as a group the holders of the equity investment at risk lack any one of the following three characteristics of a controlling financial interest: 1. The direct or indirect ability through voting rights or similar rights to make decisions about a legal entity's activities that have a significant effect on the success of the legal entity. The investors do not have that ability through voting rights or similar rights if no owners hold voting rights or similar rights. 2. The obligation to absorb the expected losses of the legal entity. The investor or investors do not have that obligation if they are directly or indirectly protected from the expected losses or are guaranteed a return by the legal entity itself or by other parties involved with the legal entity. 3. The right to receive the expected residual returns of the legal entity. The objective of this provision is to identify as VIEs those legal entities in which the total equity investment at risk does not provide the holders of that investment with the characteristics of a controlling financial interest. If interests other than the equity investment at risk provide the holders of that investment with the characteristics of a controlling financial interest or if interests other than the equity investment...
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...Term Paper on Merchant Banking and Investment Banking Operation in Bangladesh Course Name: Law and Practice of Banking Course Code: F-209 SUBMITTED TO: Ms. Tazrina Farah Assistant Professor, Department of Finance University of Dhaka SUBMITTED BY: Group no:08 , Section: B Batch: 19th Department of Finance University of Dhaka Date of submission: November 13, 2014. Group Profile: SL | Name | ID | Remarks | 01 | Mohammad Monirul Islam Monir | 19-030 | | 02 | Md. Arif Sarder | 19-036 | | 03 | Adnan Al Rahin | 19-068 | | 04 | Zahid Hossain Joy | 19-096 | | 05 | Nargis Mahmuda | 19-116 | | 06 | Aftab Hossain | 19-120 | | 07 | Imran Bhuyan | 19-144 | | 08 | Faisal Amin | 19-162 | | 09 | Chandan Kumar Roy | 19-164 | | 10 | Md. Fakhrul Islam | 19-190 | | 11 | Debopriyo Paul Utsha | 19-206 | | 12 | Noor Mohammad | 19-256 | | Letter of Transmittal November 13,2014 Ms. Tazrina Farah Assistant Professor, Department of Finance, University of Dhaka. Subject: Submission of term paper. Dear Madam, This is a report on “Merchant Banking and Investment Banking Operation in Bangladesh” for fulfilling course work of BBA program and it is our pleasure to present such before you. We have prepared this report based on the data gathered from interviewing two higher officials of IDLC Financing Limited and BRAC EPL Investment Limited(BEIL) . For the preparation of the term paper, we have focused on the information found to be reliable and valid. We truly appreciate...
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...INVESTMENT BANKING Submitted to Prof. Vaibhav Banjan Group members- Kunal Tambe Diptesh Mayur Prasad Dube Kunal Sharma I. INVESTMENT BANKING: Investment banking, or I-banking, as it is often called, is the term used to describe the business of raising capital for companies and advising them on financing and merger alternatives. Capital essentially means money. Companies need cash in order to grow and expand their businesses; investment banks sell securities to public investors in order to raise this cash. Generally, the breakdown of an investment bank includes the following areas: * Corporate finance The bread and butter of a traditional investment bank, corporate finance generally performs two different functions: 1) Mergers and acquisitions advisory and 2) Underwriting. On the mergers and acquisitions (M&A) advising side of corporate finance, bankers assist in negotiating and structuring a merger between two companies. If, for example, a company wants to buy another firm, then an investment bank will help finalize the purchase price, structure the deal, and generally ensure a smooth transaction. The underwriting function within corporate finance involves shepherding the process of raising capital for a company. In the investment banking world, capital can be raised by selling stocks or bonds (as well as some more exotic securities) to investors. * Sales: Sales are another core component of any investment bank. Salespeople take the form of: 1) the classic...
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...Foreign Direct Investment Joining Forces Foreign direct investment methods · Investment in a joint venture in a foreign market · Mergers and acquisitions · Greenfield investment Reasons for foreign direct · Some governments prohibit or limit imports of goods produced in other countries · Producing goods in the target market avoids import duties and other taxes and the requirements for import permits · Companies can obtain the services of skilled employees in the target market or gain intelligence held by people in that market · Companies can take advantage of lower costs, such as cheaper labour · Companies can become more competitive Gain access to closed markets Issues to consider … · How important is the market? · How much investment, and what type of investment, must be made in the country in order to gain access to the market? · What are the ownership requirements for competing successfully? Investment for intelligence Issues to consider … · Where are the new areas of opportunity? · How is business done? · Who should the company get to know? What contacts are most valuable? · What is the competition doing? Taking advantage of lower costs · Factor costs are not enduring o currency devaluation o runaway inflation o improved standards of living o capital or profit repatriation o political risks · Factors to consider … o How important are factor costs? o How important are other considerations such as a well-educated...
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...As the CEO of a company that has to choose between making a $100 million investment in either Russia or Czech Republic the risk considerations have become critically important in choosing the best option. The risk considerations include evaluation of each nation’s political, economic and legal systems along with the cultural practices, education and skill levels and each countries stage of economic development. The political systems of a country shapes both the economic and legal systems (Hill, 45). These systems are interconnected and play a vital role in making a decision of which country to make an investment in. In evaluating the risks of making the investment in Russia, the most widely discussed risk that is found is the corruption in the country; this remains a major barrier success for businesses in the nation. There is a complex business environment in Russia along with known issues involving bribery. The corruption in the nation leads to a number of problems including non-transparent and inconsistent application of laws and regulations with the weak enforcement of laws and court decisions (Business Anti-Corruption Portal). This isn’t the only area where corruption is a problem in Russia, there is corruption in the area of licensing and permits with multiple inspections and red tape. Intentional and lengthy delays in the procedures for starting a business, getting required permits and licensing are additional risks along with the corruption. It does seem as though the...
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...Indonesia – Asia’s Stumbling Giant Case Prepared for Prepared by Case Analysis The political, economic, and legal systems are the most important implication for international business. Those systems influence each other and build the attractiveness of a country as an investment site. This attractiveness is connected with potential long-term benefits and costs, and related with both those sides risk of running business activity. The central issue of this case is solving the problem which is connected with inappropriate, low level of foreign investment in Indonesia which is strictly related with the current economic, legal, and a lesser extent political systems. Indonesia was under the strong, totalitarian leadership of President Suharto over 30 years and this country has still struggled with problems deriving from lack of free market and democracy. The political system in Indonesia was an example of right-wing totalitarianism where some individual economic freedom was permitted. The corruption was rampant and bribes were necessary to running any businesses. Investments in this totalitarian country were not effective because even the economics was growing up, most benefits were consumed by Suharto and his “crony capitalism”. Nowadays, Indonesia is a young democracy with the excessive red tape and the endemically high level of corruption. In my analysis, I would like to define Indonesia’s goals which can enhance the economic development. I will...
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...qualitatively new frontier efficiency and stable development of business. It is especially effective system approach in the work with large-scale projects connected with the breeding of the new company on the market or optimization of already existing companies, study of consumers, competitors, and construction of structure of the company, formation of the state, the decision of legal issues, definition of strategies for successful development. Individual approach to each client will be used and allow us to find the decisions, based on the deep understanding of business' specifics and problems of the client, his key competences and opportunities for successful development. Absolute confidentiality, trust and respect, multiplied by professionalism, here is the formula of successful cooperation, which we offer to You. LEGAL SERVICES In the fast paced world of business legal support of activity of any company is guarantee of security, and it promotes the increase of demand for high-quality legal services, including legal consultations in various fields of law. Consulting company "Business consulting" offers You legal services, which are necessary for small...
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...from http://articles.latimes.com/2008/jan/14/opinion/oe-meyerhoff14 Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York, NY: McGraw-Hill/Irwin. ARTICLE SYNOPSIS Changes in regulation often are more of a benefit to corporations than they are to customers and it has been that way for many years. Corporate deregulation has changed over and over because different Presidents in office. Because of this, some laws have been altered or eliminated so that deregulation could override government regulation. Deregulation relaxes laws so that the industry can self-regulate on the principle that it should be allowed to without government support or sanction. The devastation of Enron, WorldCom and the sub-prime market caused the passing of the Sarbanes-Oxley Act by Congress. LEGAL ISSUE The legal issue in this article shows legal business problems due to the deregulation of mistakes that have transpired. These legal business issues include bankruptcy, fraud, lawsuits and ethical issues. MANAGERIAL PERSPECTIVE Legal issues such as those listed can and does feasibly damage consumer, employee and shareholder relations with the company. This can also prevent suppliers from providing the company services and goods because the status and perceived character the company will have because of these issues. Proceeds hurt from this type of harm to these delicate associations and causes harm the integrity...
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...Information Resources are strategic assets of the Richman Investments and must be treated and managed as valuable resources. Richman Investments provides various computer resources to its employees for the purpose of assisting them in the performance of their job-related duties. State law permits incidental access to state resources for personal use. This policy clearly documents expectations for appropriate use of Richman Investments assets. This Acceptable Use Policy in conjunction with the corresponding standards is established to achieve the following: 1. To establish appropriate and acceptable practices regarding the use of information resources. 2. To ensure compliance with applicable State law and other rules and regulations regarding the management of information resources. 3. To educate individuals who may use information resources with respect to their responsibilities associated with computer resource use. This Acceptable Use Policy contains four policy directives. Part I – Acceptable Use Management, Part II – Ownership, Part III – Acceptable Use, and Part IV – Incidental Use. Together, these directives form the foundation of the Richman Investments Acceptable Use Program. Section 2 – Roles & Responsibilities 1. Richman Investments management will establish a periodic reporting requirement to measure the compliance and effectiveness of this policy. 2. Richman Investments management is responsible for implementing the requirements...
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...purpose for foreign investment regulations? * List and discuss the foreign investment regulations. * What are 2 issues that concern management when screening potential markets and sites? * List and discuss the steps in the screening process. INTRODUCTION We will attempt to answer several important questions and aspects to foreign investment. These answers will include definition, purpose of regulations, issues that concern management in regards to markets and sites, and the steps taken during the screening process. FOREIGN INVESTMENT DEFINATION Foreign investment is simply any allocation of resources such as; assets, cash, debt, buildings, expertise, people, etc., that a company in one country allocates to an investment in another country. It is regulated differently in each country in order to protect themselves from external, disruptive stimuli or to protect against perceived financial exploration. (Chang, 2003) WHAT IS THE PURPOSE FOR FOREIGN INVESTMENT REGULATIONS? Foreign investment regulations are made to set rules just like any other company. They are often set to address national security concerns as well. Each country sets their own foreign investment regulations which can range from; requiring of approval of investment to board restrictions on the basis of economic security and cultural policy. Recently due to national security issues, some countries have also introduced lists of strategic sectors in which foreign investment requires government...
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...The Debate Around NAFTA’s Chapter 11: The Case of MMT and Canada Introduction The North American Free Trade Agreement (NAFTA) is an agreement liberalizing trade and investment between Canada, the United States, and Mexico. From the moment it took effect on January 1, 1994, the agreement has sparked controversy and fiery debate from groups across the political spectrum regarding its benefits and costs.[i] Much of this debate revolves around Chapter 11, the section of the agreement that deals with investor-state relations. Chapter 11 gives foreign investors the right to sue the host government for damages if they believe they have been treated unfairly. In 1996, the Ethyl Corporation filed a $250 million claim against Canada under Chapter 11 regarding a gasoline additive they produced called MMT. Background • Methylcyclopentadienyl manganese tricarbonyl (MMT) MMT is an octane-improving fuel additive. The chemical compound was developed in the 1950s by what became the Ethyl Corporation (today part of the Afton Chemical Corporation, but hereinafter referred to as “Ethyl”).[ii] MMT was widely used in the United States and Canada, during the 1960s and 1970s in leaded gasoline. However, due to public health concerns, MMT was banned in the late 1970s by the U.S. Environmental Protection Agency (EPA).[iii] The health effects of exposure to manganese through its use in MMT are under research. Manganese, the main component of MMT, is a common element of our diets...
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...Ethics and Global Dimension of Business October 19, 2014 Ethical issues have been around for a long time and its association with globalization has been documented. The effects on the association with globalization are similar and closely related to that of international marketing. As a result, the increased globalization over the years has brought an increase in many problems associated with global trading including ethical ones. (WTO, 2011). As indicated by World Trade organization in 2011, there was significant expansion in world trade from 1950 to 2000. This increase was documented to be over twenty-fold with foreign direct investment and exports playing a significant role. This increase in world trade in the middle to late 20th century also saw small businesses increasing their investments in cross border trading. This resulted in an increase in the average yearly outflow of Foreign Direct Investment (FDI) from about $25 billion in 1975 to a record $1.3 trillion in 2000. (UN, 2001). This means that there were a great number of business people with different social and cultural backgrounds doing business in other areas of different geographical, political, legal, social and cultural environments. The challenges that confronted these business people working in these different environments with its associated social and cultural problems created a platform for indulgence in ethical problems and other issues. (Dagdelen, Elibol & Yucel, 2009). Cross border trade experienced...
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...The foreign investment regime of the Peoples Republic of China has evolved considerably in recent years. With its rapidly expanding and potentially enormous market size, the consensus of international investors is that China is currently on of the most promising country’s in the world for foreign investment. Nevertheless, international investors have also pointed out that the current foreign investment regime in the Peoples Republic of China is far from being perfect. Despite its determination to pursue a market economy and comply with international practices, China remains a socialist state with planned economy influence and its government still emphasizes stability and control above all else. Pioneering foreign investors who have been operating in China during the past few decades have long been used to a highly non-transparent and especially in China a bureaucratic system that requires foreign investors to follow local laws and practices and navigate around numerous restrictions that only apply to foreigners. Complex approval processes, layers of government bureaucracy, high political pressure, together with inconsistent interpretation and enforcement of laws are phenomena that have long annoyed foreign investors in China. In 2001 China became a full member of the World Trade Organization. One of the first immediate effects of China’s entry was that, as a member of the World Trade Organization, China was obliged to open its domestic market further to foreign investors....
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...Unit 5 Assignment: Acceptable Use Policy (AUP) Definition The Richman”s Investment Group updated (AUP) Acceptable Use Policy for January 2014 for both acceptable and unacceptable use of the Internet use operated or owned by Richman’s Investment. Any violations in this agreement policy may result in disciplinary and/or legal action. Penalties can range from immediate termination of employment to imprisonment with fines. Internet Usage • Any and all employees of Richman’s Investment are encouraged to use the internet where such use is needed and is in stride to goals and objectives of the business of Richman’s Investments. • The equipment and services belong to Richman’s Investments and there reserve the right to monitor any or all internet traffic including emails and any data sent or received. • Using Richman’s Investment hardware, software and or internet to hack into unauthorized websites is strictly prohibited. • The use of any and all bit torrent software or sites is not allowed on any network, owned or operated by Richman’s Investment do to its high risk of abuse and or misuse. • No viewing or distributing of inappropriate material on the internet owned or operated by Richman’s Investments and will result in termination of employment. • Any and all downloads done off of the internet must be scanned before opening or accessing (NO ACCECPTIONS). • Using Richman’s Investments hardware, software and or internet to form and sort of fraud, and/or software, film or music...
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