Premium Essay

Inland

In:

Submitted By 0110086
Words 290
Pages 2
1. This article discuss the advantages and disadvantages of three different ownership which are the sole proprietorships, partnership and corporations. Is it possible that a company start as a sole proprietorships, and turn to partnership and turn to corporations? If it is possible, how the process will be? What should owners of this company should do to turn their company to become partnership and corporations?
2. This article mentions that corporation need to pay tax twice. After the corporation pays tax, the owner of this corporation need to pay personal tax for received dividends. However, both sole proprietorships companies and partnerships companies do not need to pay twice. So why corporation need to pay tax twice? Is it because owners of corporation will receive dividends? Is it because the owners of corporations receive so much profit that government need to double taxation to control their income?
3. In this article, it says that many corporation tend to have employee ownership because it can makes employee care more about corporation and put more effort on working. However, is it make management become more difficult? Is there any problems tend to show on employee ownership. What should managers do to avoid those problems?
4. For a corporation, there are many rules or laws to avoid the business battels. However, partnership companies also have several owners and it is easier to have conflict with partners. Are partnership companies have rules or laws to avoid business battels with each other?
5. In this article, it mentions that one of the disadvantage of corporations is that corporations tend to involve more legal issues than sole proprietorships companies and partnerships companies. Why people tend to suit corporations? How a corporation do to reduce their

Similar Documents

Free Essay

Inland Transport

...* Inland transport……………………………………………………………………………………………………2 * Inland transport modes…………………………………………………………………………………………2 * Road freight …………………………………………………………………………………………….2 * Railway freight………………………………………………………………………………………… 5 * Inland waterways……………………………………………………………………………………. 2 * Component of transport system.…………………………………………………………………………..8 * Classification of inland transport network……………………………………………………………. 9 * Road network………………………………………………………………………………………….. 9 * Railway network…………………………………………………………………………………….. 10 * Inland waterways……………………………………………………………………………………. 11 * Classification and types of inland transport vehicle……………………………………………...11 * Inland transport operator……………………………………………………………………………………..15 * CVO………………………………………………………………………………………………………….15 * Classification of different types of cargo……………………………………………………………….16 * Inland transport * Limited to the land, or to inland routes; within the seashore boundary; not passing on, or over, the sea; as, inland transportation, commerce, navigation, etc. * Confined to a country or state; domestic; not foreign; as, an inland bill of exchange * Consists of road network, railway network and inland water ways, within the land; more or less remote from the ocean or from open water; interior; as, an inland town. * Inland cargo transport modes 1. Road freight A road is an identifiable route of travel, usually surfaced with gravel...

Words: 2459 - Pages: 10

Premium Essay

Community Profile

...ethnicity and cultural diversity. Montclair’s current population is 37,535 as of January 1, 2010. The city is nearly 5.28 square miles or 3,384 acres. The city of Montclair is approximately 32 miles east of Los Angeles and is near three major counties. The type of work the City of Montclair residents do range from school districts, city jobs, Costco, Target, Best Buy, Metro Motor-Plex Auto Dealerships, Claremont Colleges, and U.S Postal Service. The types of residents that reside in the City of Montclair have an average household income of $79,241. According to Montclair’s economic demographics the growing population bring tremendous purchasing power to Montclair. The City of Montclair is centered at one of the strongest demographics in the Inland Empire. Montclair is majority residential at 51.2% and Industrial and retail are combined at 25.8% (City of Montclair.2012). Members of Montclair’s community often interact at the Montclair Plaza which is considered to be the most successful shopping centers in Southern California according to the City of Montclair website (City of Montclair.2012). The Montclair Plaza is an 1.3 million square foot complex with three major department stores, 200 smaller specialty shops plus a dinning and entertainment district of top restaurants and retail, and space for 5,000...

Words: 378 - Pages: 2

Free Essay

Inland Waterway Research

...highways perfect for resourceful materials handling. The web of rivers cutting their way throughout this country comprises the United States Inland Waterway System. There are over 12,000 navigable miles carrying almost 625 million tons of commodities annually on the rivers (C. James Kruse). An in depth look in one of the oldest methods of transportation describes the design, creation, implementation, and maintenance of locks and dams as conducted by the US Army Corps of Engineers. A closer look will also be taken at the history of the US ACE. A brief explanation of what is the inland waterway helps to understand the significance the US Army Corps of Engineers has played in shaping the capacity of waterborne transportation. The United States has used rivers for materials handling dating back hundreds of years. As time went on, the potential for using rivers became more and more apparent. Locks and dams had to be constructed to fully utilize the waterways. The rivers were already in place but for barges to travel up and down the rivers the implementation of locks and dams alleviated the problems arising from drops in river elevation or shallow areas. For instance, a river’s elevation may drop 400 feet over the course of 600 miles; this unsafe drop causes rapids and small waterfall systems detrimental to tow barges traversing the rivers (Inland Waterways | 2009 Report Card for America's Infrastructure). To relieve these problems, to date, almost 200 lock and dam sites have been...

Words: 2539 - Pages: 11

Premium Essay

Inland South Research Paper

...The southeastern region of the United States, better known as the Inland South region is made up of most of the old confederacy. A brief look into the Inland South is the environmental in general is humid subtropical climate, its summers are usually hot and humid, and its winters are mild not too hot not too cold. It usually gets cold when artic air come from the south. The Inland South receives a huge amount of rainfall which floods most of the region. The Inland South has increasingly come to be known as a major cultural center. A lot of music genre has southern roots coming from this area due to Africa-American slaves that once lived here. A big part of the music industry is the genre Blues. The Inland South is known for many things but mainly known for agriculture and low wage industry. At one time it used to be the poorest region in the United States. Until after WWII the south began to industrialize rapidly, businesses were interested in the area, the cost of living here was so cheap and there was lack of labor unions in this region. With the employment growth growing so rapidly it attracted other people from other regions to move here. The three main areas of this region that I will be focusing on is Rock Hill South Carolina, Canton Mississippi, and Shreveport Louisiana. I will talk about the environmental, cultural, and economic geography of these 3 places....

Words: 1146 - Pages: 5

Premium Essay

Inland National Bank

...Inland National Bank Case Study objectives: • to show how... 1. stakeholders’ needs and demands are often interlinked with one another, 2. consequently affecting each other, 3. and ultimately, impacting the business firm in their decisions. • to serve as an exercise for future requirements. ? QUESTION who are the stakeholders in this case? which are primary, and which are secondary? what influence do they have? draw a diagram of the stakeholder relationships to INB. how are they related to each other? primarystakeholders investors owners stockholders CEO: “technology could better serve customers.” senior management amy miller (manager) employees / labor unions customers old neighborhood (Rockdale) poor neighborhood (N. Madison) secondarystakeholders local government /city officials Sheila Thomas (city council member) media state & federal banking officials state banking commissioner newly appointed by the governor heard public’s opinion general public picketers, etc. ? QUESTION if INB decides to close one or both of the branch banks, how will the business-government-society relationship come into play? what considerations must be weighed by INB’s management? how might the issue develop? Inland National Bank has acquired Home Savings Bank (HSB) has a reputation for community involvement & solid financial performance has a good reputation with state & federal bank regulators in terms of compliance with banking...

Words: 800 - Pages: 4

Free Essay

Case Study: Keller V. Inland Metals

...Keller v. Inland Metals Kaplan University June 21, 2014 Case Study: Keller v. Inland Metals Express warranty can take numerous diverse procedures, whether verbal or written, and is chiefly an assurance that the merchandise will come across an assured side by side of value and dependability. If the merchandise flops in this esteem, the producer will repair or substitute the merchandise for no supplementary responsibility. Various such guarantees are written on a merchandise's packaging or completed obtainable as a choice. (Findlaw.com, 2014). In the case, of Keller v. Inland Metals All Weather Conditioning, Inc. as to whether did Inland make an express warranty and did the company breach it, is that yes Inland Metals did make an express warranty and therefore breach the contract. This can be seen in the communication between the two parties, that shows Inland Metals assured Keller that their dehumidifier would work and even wrote them a follow-up letter telling Keller what the product was capable of doing. And after reviewing and reading the case, we can see that Keller was in need of dehumidifier because the indoor swimming pool in athletic club they owned was giving off a hot, humid and odor according to the customers. Therefore, the Keller’s went shopping for dehumidifiers. The Keller was not familiar with what size dehumidifier they needed for the job so they contacted two contractors and one contractor offer a 10 ton dehumidifier for $40,000 and Inland offer 7.5...

Words: 496 - Pages: 2

Premium Essay

Strategic Alliance – Whirlpool Corporation and Inland Steel

...Strategic Alliance – Whirlpool Corporation and Inland Steel CASE Faced with intense competition, increasing expectations from customers, reduced product life cycles, and localized geographic markets, Whirlpool Corporation (a Fortune 500 manufacturer of appliances) realized that the need to achieve a competitive advantage from its sourcing and material efforts was greater than ever. Part of the strategy to achieve this advantage involved pursuing an alliance with a key steel supplier. Steel is a major component used across all of the company’s finished products (such as washing machines, dishwashers, refrigerators, and others). The purchasing managers at Whirlpool faced a number of questions with regard to their purchasing strategy: • What do we need to do to be competitive? • Who is best suited to be the primary steel supplier? • What do we need to know, and how do we get the information required to answer this question, especially with regard to our organizational culture, technological roadmap, and where both organizations are moving in the long term? • How do we implement a strategic alliance? • How do we establish a strategic alliance in terms of confidentiality agreements, termination agreements, and negotiation strategies? • How do we provide the supplier with evaluations to ensure that this alliance continues, with regard to continuous performance, goal achievement, and commitment? • What do we do if we do not meet our objectives—change the situation or simply...

Words: 2256 - Pages: 10

Premium Essay

Inland Empire Injury Lawyer Case Study

...In Need of an Inland Empire Injury Lawyer? There are times in one's life where a professional, caring lawyer is simply necessary. If you have been injured by someone else's negligence and carelessness in an accident that was not your fault, you are facing one of the biggest hills to climb in life. When you face these challenges with an experienced lawyer at your side, that position alone can, and will, make a significant difference. Silverthorne Attorneys has expanded its service coverage into San Bernardino County communities such as Loma Linda. We have trained legal professionals waiting to help faultless victims of horrible, personal injury accidents. Regardless of your accident or injury, we are more than prepared to guide you through...

Words: 362 - Pages: 2

Premium Essay

Case Study for Keller V. Inland Metals All Weather

...Case study for Keller V. Inland Metals All Weather Unit 2 Assignment 1 Prof. Elaine Lerner By: Meghna Tanna Date: February 21st, 2015 Facts of the case: Keller (plaintiff) installed a dehumidifier costing $30,000 from Inland Metals Weather Conditioning, Inc. All Metal was contacted by Keller as they had some issues of foul smelling near the pool and the air near the pool was hot and humid. But after the defendant (All Metal) installed a de-humidifier near the pool to treat the quality of the air, they still had same complaints as they did before they installed it. So Keller sued and trial court found that inland had breached an express warranty. A warranty is a contractual assurance that the goods will meet certain standards. It is usually a seller or manufacturer who gives it to a buyer and buyer relies on it. A warranty could be oral or written or both at same time reassuring the buyer of his contractual agreement. And EXPRESS WARRANTY is one that the seller creates with his words or actions. Whenever a seller clearly indicates that goods being sold will meet certain standards, seller has created an Express Warranty. Seller is bound by the his words and actions. So when All Metal sold a de-humidifier to Keller, they thoroughly explained the functionality of their product to Keller. That is Express warranty created by words. The problem of hot and humid air, foul smelling and water beads is very common and de-humidifier will be able to treat the air and make customers...

Words: 557 - Pages: 3

Free Essay

Keller V. Inland Metals All Weather Conditioning, Inc.

...A CASE STUDY KELLER v. INLAND METALS ALL WEATHER CONDITIONING, INC. You be the Judge Cindi Garlington 5/13/2013   An express warranty is one that the seller creates with his words or actions (Beatty, 2008). If a seller clearly says that the goods will meet certain standards, he has implied warranty. In the case of Brian and Clarice Keller, Inland has definitely implied a warranty by assuring the 7.5 dehumidifier would work both by the representative and the president of the company. The president then wrote a letter to the Keller’s stating that “This ducted system will rid you of the sweating walls and eliminate those offensive odors, and overall ‘bad air’.” He then went on to tell them that other indoor pools have had the same problem and their problems were eliminated by using one of these systems. The president then assured him that the air problems should be over and customers should be satisfied and happy. Just the word “should” could cause problems for the Keller’s in the written word from the president. Orally he had said the ducted system would work so the express warranty has definitely been made. I found this case rather interesting because to me it was so obvious that the express warranty was there and there was no real reason to have to take it to court. I looked up online and found out the court’s rulings on the case. This is what I summarized from the ruling. An express warranty by the seller can be created by any affirmation of...

Words: 490 - Pages: 2

Free Essay

Keller vs Inland Metals All Weather Conditioning, Inc

...Case Study #2 Tyrone Burnett Kaplan University Case Study #1 Key Issues In the case of Keller vs Inland Metals All Weather Conditioning, Inc. Keller installed an indoor swimming pool in the athletic club they owned and customers began to complain about the air near the pool was hot, humid, and foul smelling (Beatty 2013). Two companies submitted bids one for a 7 1/2 –ton dehumidifier for about $30K and another 10 ton dehumidifier machine for about $40K. Keller was unsure if the 7 ½ ton dehumidifier might be too small. Inland’s president and another representative visited the club and assured Keller the 7 ½ ton dehumidifier would work and submitted a letter stating the same thing. Later, Keller still had the same problem and complaints about the air near the pool being hot, humid, and foul smelling. Keller decided to sue. Analysis 1 When you look at warranties it is a contractual assurance that goods will meet certain standards (Beatty 2013). As the text state, an express warranty is one that the seller creates with his words and actions (Beatty 2013). There was a breach and an express warranty was made. Keller had a problem that the 7 ½ ton dehumidifier was too small. Inland sent the president and a representative and orally told Keller that the 7 ½ ton dehumidifier would work. Inland also wrote in a letter stating “this ducted system will rid you of the sweating walls and eliminate those offensive odors, and overall bad air. The text also states, whenever...

Words: 445 - Pages: 2

Free Essay

Keller V. Inland Metals All Weather Conditioning, Inc Case Study

...CASE STUDY: IMPLIED WARRANTY In this paper, Keller v. Inland Metals All Weather Conditioning, Inc. case will be reviewed to determine if Inland Metals made an express warranty and if they breached it. A warranty is “a guarantee that goods will meet certain standards” (Beatty, 2008, p.231). Warranties can be written or an oral agreement that is given by the seller or manufacturer to the buyer. When the seller’s actions or words convey that the goods will meet specific criteria, it is an express warranty. To take it one more step further, when “the seller knows that the buyer plans to use the goods for a particular purposes, the seller generally is held to warrant that the goods are in fact fit for that purpose” (Beatty, 2008, p.233) is called an implied warranty of fitness for a particular purpose. Please refer to Beatty (2008) textbook for a summary of Keller v. Inland Metals All Weather Conditioning, Inc. case on page 231. The Keller’s solicited a request for proposal from Inland and another contractor to address the hot, humid, and foul smelling air in their pool area at their fitness club. When Inland’s proposal came back at a lower cost for a 7 ½-ton dehumidifier, they were concerned about the performance of this unit as the other contractor recommended a 10-ton dehumidifier. Inland’s president and a representative from the machine’s manufacturer came back and reassess the use of the 7 ½ ton dehumidifier for the Keller’s pool area. When Inland’s president sent...

Words: 462 - Pages: 2

Premium Essay

Hk Tax

... | |Objectives: | | | |By the end of this lecture, you should be able to | | | | |● |Describe sources of Hong Kong tax law and its features | |● |Identify major kinds of income tax, estate duty and stamp duty | |● |Explain the power of Inland Revenue Department to obtain returns and information | | | | |Readings: | | | |Assigned reading | | | |● |Chapters 1 and 7 of Dora Lee & Ho Chi Ming, Advanced Taxation in Hong Kong (Textbook) ...

Words: 2384 - Pages: 10

Free Essay

Expressed Warranty

...in this case purchased a 7 ½ ton dehumidifier from Inland in an attempt to “clear the air” near the pool in their athletic club for which Inland promised that the system would achieve. However, the system did not accomplish what it set out to do and therefore the Keller’s can sue for breach of an express warranty. The Keller’s received other bids but had multiple meeting with Inland’s president to see if the smaller, cheaper, dehumidifier would meet their expressed needs. Inland went as far as bringing in a manufacturer for the dehumidifier to close the deal with the Keller’s. They both assured the Keller’s that their system would work to combat the issues they had. The president of Inland went one step further and wrote a letter solidifying that the system would rid them of the overall bad air and sweating walls. The Keller’s relied on these promises and ultimately purchased the system from Inland which in the end did not live up to the expectations assured. The sales pitch by Inland amounted to an express warranty. A warranty is a contractual assurance that goods will meet certain standards. An express warranty is one that the seller creates with his words or actions. (Beatty, Samuelson & Bredeson 2013, p.231). An express warranty need not be in writing but can be oral. As long as the seller clearly indicates to a buyer that the goods being sold will meet certain standards an express warranty is attached. When Inland orally assured the Keller’s that the 7 ½ ton unit...

Words: 694 - Pages: 3

Free Essay

Temple-Inland’s Analysis of Remote and Industry Environments

...order to support strategic planning and gain a thorough understanding of Temple-Inland’s remote, industry and operating environments, various analytical frameworks can be applied as the second step of the competitive research and analysis processes.  The goal of this research is to gain information about the packaging industry and it’s external factors such as main competitors and external stakeholders.  First as an introduction, Temple-Inland’s industry is defined and explained in regards to it’s remote environment, the paper packaging industry.   The industry will be explained in relation to time frame and geographic scope of Temple-Inland’s operations. Next, external issues are identified that affect the paper packing industry and Temple-Inland itself. In order to identify these external issues, a STEEP analysis has been used to illustrate the most relevant remote factors. 12 factors will be examined and each fall under the category of socio-cultural factors, technology, economy, ecology and political regulatory forces.  Each one of these factors is assessed and then appropriately placed into an Issues Priority Matrix based on its impact on the company and significance of the factor in the industry.  Subsequently, Porter’s five forces will be used as another analytical tool that identifies the structural characteristics that determine Temple-Inland’s competitiveness and profitability in the packaging industry.  The forces that will be analyzed include competitors and rivalry, suppliers...

Words: 7268 - Pages: 30