Limited Liability Partnership Essay Example | Topics and Well Written Essays - 1000 words

Limited Liability Partnership - Essay Example The members of a limited liability partnership have such liability to contribute to its assets in the event of its being wound up as is provided for by virtue of this Act. Accordingly, except as far as otherwise provided by this Act or any other enactment, the law relating to partnerships does not apply to a limited liability partnership. The Schedule (which makes provision about the names and registered offices of limited liability partnerships) has effect (http://www.opsi.gov.uk/acts/acts2000). purpose of this is to introduce a new form of legal entity known as Limited Liability Partnership (LLP). This will help resolve the difficulties arising in the traditional partnerships for larger professional practices. The LLP is not limited to large companies. The professionals who are usually involved in this partnership are the law firms or accountancy that can have partners' world wide. LLP is an alternative business vehicle that gives the benefits of limited liability but the members can have the flexibility in forming the internal structure as a traditional partnership. It composes of both the corporate and partnership characteristics. The LLP has its own benefits that make the partnership more interesting. The limited liability is one of the enticing attribute of LLP that includes protecting the partners or members personal assets such as cars, homes, stocks and etc., This limited liability varies depending on the location of the partnership. It protects the partner in errors and negligence. Another advantage of LLP is the flexibility afforded to the entity through its management structure. Corporate formalities need no further observation as normally imposed by corporations. Pass-through tax treatment in LLP is passed through to its partners or members and taxed at the individual partner or member level. Flexible capital structure - owners are asked to provide flexibility in setting up a capital and compensation structure. Members or partners can distribute profit in any manner agreed by the corporation. (Suzuki, J., 1999). Limited Liability Partnership is not sometimes taken into consideration because of the following reasons ( Derrick G. 2003-2004 ): 1) Once become bind with LLP, the money and property contributed becomes owned by the partnership unless otherwise indicated in the agreement. The contributor is not entitled for a return unless otherwise agreed by the members. 2) LLP varies in legalities and liabilities by state. Some state does not recognized the LLP, do not have the easy of transfer and investment that a corporation structure provides and therefore are regarded as less preferable to other business forms. 3) All income allocated to the owners is subject to self-employment tax. Only a portion of salary allocated for dividends is exempted for SE tax. 4) Since the LLP owners are not employee they are not entitled for a deductions for Medical expenses such as health insurance and other medical expenses. 5) The LLP are needed to provide $500,000 of security against claims, either through insurance, escrowed deposits, letter of credit or security bonds. Potential loss of limited liability Aside from the above reasons why it is not yet taken up by other companies is because of its infancy. Since it is a new structure the topic about tax and legality are not yet polished.

HRM function Essay Example for Free

HRM function Essay Flexible working patterns have advantages and disadvantages that impact not only on individuals but also on the business and the economy as a whole. Although flexible working practices and part-time working provide opportunities for people may otherwise be excluded from the workplace, individuals can feel insecure in such employment, particularly if they are constantly working on short-term contracts. There is also evidence that part-time or flexible workers receive less training than their full-time counterparts. In these circumstances individuals can feel their contribution is undervalued. In turn, insecurities and frustrations experienced by part-time staff may affect their job satisfaction and, ultimately, their performance. This then impacts on the organisation, as it has to manage higher staff turnover rates. One solution that may overcome this is that if we think of our lives as inside-out doughnuts, with a core in the middle (the essentials of life) and the bounded space on the outside as our opportunities, workers can achieve satisfaction in other areas of our lives, even if the workers jobs are unfulfilling. APPENDICE 3 HRM plays a part in enabling Asda to improve its overall competitiveness in the market place. In the last decade of the twentieth century, we saw a transformation in the way companies like Asda started dealing with the people who were their employees. Instead of seeking to get the best out of people just for the sake of the business- i. e. to help it achieve its objectives- the new emphasis termed Human Resource Management (HRM) was that people would only work their best for the company if the company gave priority to identifying and seeking to meet the personal needs and objectives of its employees. This distinction is very subtle- but it is an important distinction to understand. A second important change in people management was a recognition that people work was not just the responsibility of the HR department. It is the responsibility of all managers in Asda- supported by HRM specialists. Increasingly, responsibility for recruitment, selection, appraisal and training is carried out by managers who work on an ongoing basis with employees rather than by a specialist in a centralised HRM function. A third key change in people management was that HRM was given a great deal more status in Asda. Instead of being something carried on at lower levels of the business, HRM is now recognised as a key strategic area of the business (i. e. one that needs to be given priority in organisational planning involving senior managers). Overall, HRM plays a vital part in Asda and many other businesses alike. If it recruits the right people with the skills and experience needed for the job, the business will run smoothly but if it doesnt then they will need to recruit some other people costing a lot of money for advertising, training, etc costing the business a high labour turnover rate. If it is to strive in the market place, not only does it need to meet the needs of the customers, but also of employees. If staff are motivated and incredibly fluent in their line of work, they would produce a quality service and production meaning that more people would want to shop at Asda.

Objectives of Air Traffic Services. (ATS)

Objectives of Air Traffic Services. (ATS)

Disguises in Homers Odyssey Essays -- Homer Odyssey disgody

Disguises in Homer's Odyssey   Ã‚  Ã‚  Ã‚   In Homer's Odyssey, disguises help convey a false identity that assist the characters in accomplishing their plans.   Each disguise has its own purpose, such as Athene's image as Mentor to advise Telemachos.   Her purpose was to assist and encourage Telemachos into searching news of his long lost father without revealing her true identity of divinity.   Being old and wise, and especially male, helps put more power behind the words spoken by Mentor because men were received with greater influence than women were.   Similar, Odysseus, through his clever use of false storytelling and disguises as "nobody" and a vagabond, is able to safely return to Ithaka and slaughter the reckless suitors.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"Fame and fortune is the ultimate goal of any man†(Van der Valk 61).   One lives to strive for the best and conquer the world, metaphorically speaking for reaching his highest potential.   â€Å"Although not everyone can achieve such high status, if a man can conquer a feat thus similar, his name can be passed on and he will be immortal† (Van der Valk 63).   In Homer's Odysse... ...s you as his bride/ home" (Homer 106, L. 153-160).   He has just ensured Nausikaa's approval and will receive aid from her, just by telling her what she wants to hear.    Works Cited and Consulted Heubeck, Alfred, J.B. Hainsworth, et al. A commentary on Homer's Odyssey. 3 Vols. Oxford 1988 Homer. The Odyssey. Trans. Robert Fitzgerald. New York: Vintage Books, 1989. Murnaghan, Sheila, Disguise and Recognition in the Odyssey, Princeton UP 1987 Van der Valk, Marchinus. Textual Criticism of the Odyssey. Leiden: A.W. Sijthoff, 1949.

Christianity and Indigenous Communities Essay

?The question about Christianity and its full acceptance into Indigenous communities continues to linger on a fine line of whether Indigenous communities came to a consensus of compromising with the new religion or simply eradicating it by refusing to leave behind their traditional ways of believing and creating â€Å"spiritual† consciousness. Some scholars such as, Kevin Terraciano, in his chapter, â€Å"The People of Two Hearts and the One God from Castile,† argue that Christianity was not only rejected by acts of continuing Indigenous religious practices, but also mocked because it was thought to be a lie and inferior to the Indigenous people in Yanhuitlan and Coatlan; this new religion did not coincide with theirs . On the other hand, in her book, Biography of A Mexican Crucifx, Jennifer Hughes comes to conclude that Indigenous communities accepted Christianity through their own modes of seeing parallel paradigms of their life with the life of religious images such as the Cristo Aparecido from Totolapan. They came to see this image as a representation of their suffering , their colonial journey and their need for finding religious meaning in a newly evangelized land. In Terraciano’s, Two Peoples Heart, he subversively implies that Christianity was based on the idea that there had to exist some type of religious unity based on Catholicism. From this point, Indigenous population have been victims of racism, discrimination, disregard for their beliefs, uprooting and political marginalization. As Terraciano points out, in this process of â€Å"spiritual† conquest, domination can occur occur through methods of interrogation and punishment if found guilty, which was clearly the case during the Spanish Inquisition during the 16th century. Native lords were confronted both by friars, Dominicans and Spanish for their supposed allegiance to practicing â€Å"paganism,† and encouraging Indigenous communities to continue their reverence and offerings to their many â€Å"gods,† while on the surface make a menial space to pray to the â€Å"New God from Castile. † Terraciano explains how in order for Christianity to make itself dominant, the people of Yanhuitlan and Coatlan had to not only get rid of their ancestors images, burn them, but also force themselves to accept Christianity as their only â€Å"spiritual† choice. Nevertheless, Indigenous communities and to a great extent the native lords encouraged Indigenous communities to keep their faith intact . An example of this is given when, Don Fransciso, a native lord who was accused of â€Å"paganism, â€Å" and disruptive behavior stated that the people of Yanhuitlan were not to embrace Christianity, that their gods did not come from Castile, hence a result of this was the mockery of Yanhuitlan peoples both by verbal insults and gestures towards Native Christians, â€Å"There go the Christian Castile, the chickens,† (Terraciano, pg. 7) This shows us that the refusal to indoctrinate Christianity as part of a Yanhuitlan identity was obstruct by the continuing reinforcement that Indigenous communities e where reluctant to forgetting their ancient practices and beliefs. For instance when trialed, Don Francisco was asked if he knew any prayers in Latin, Castillan or Mixtec, he admitted that he knew two, but when asked to recite them, he said he could not remember them (Terraciano, 8). This once more reiterates through the examples given by Terraciano, that native lords saw Christianity as unimportant, they did not care to learn the way of Catholicism or become subservient to the â€Å"God of Castile. † â€Å"After mass, many nobles would drink pulque and joke around that they had not understood a word of the sermon† (Terraciano 8). Ultimately, with the â€Å"ambivalence† of Christianity also came the practice of certain ritual acts which often took place in small areas or carried out in a secluded place where the Indigenous people would be safe, as the lords began to denounce that their gods were angry and had brought upon drought and death to the Yanhuitlan community because some lords were weak enough to follow a â€Å"God† who could not save them from their hunger, even as he was called the almighty and powerful. In conclusion, what Terraciano delivers this idea of a power struggle that occurred within the communities of Yanhuitlan and Coatlan as to converting to Christianity and keeping their original religion as their primal way of religious consciousness and looking at Christianity with eyes of ambiguity and uselessness to their survival, both spiritual and physical. Nevertheless, for other scholars, their research has taken them to analyze the impacts of Christianity from a different perspective, one where both Christianity and Indigeneity mix, forming a culture of religious hybridism. As Jennifer Hughes states in her book, for the missionaries, Christianization in the â€Å"New World† was a genocide to all material of religious culture, it was a process of erasure, yet with this the Indigenous population was left with an spiritual emptiness, hence images such as the Cristo Aparecido became that fulfillement not only to their seek for religious authenticity, but also serving as some type of protective force against the legacy left by colonial conquest. For Hughes, the community of Tolopan accept this image of the Cristo Aparecido since the very beginning, to them

Khe Sahn, Leaving Home, Geography Lesson; Journey Theme Essay

Each person’s life undertakes a journey, whether it is physically or mentally. We all undergo our own adversities, tears, pains, and obstacles which can change yours and the society’s perspectives of life. Journey’s can be classified as a distance, course, travelled or appropriate for travelling. The poems â€Å"Leaving Home† by Peter Skrzynecki and â€Å"Geography Lesson† by Brian Patten both include different techniques such as metaphors and imagery to emphasise the different processes, changes, choices and conflict that each person or character may face throughout a journey. Techniques are also used in the song â€Å"Khe Sahn† composed by Donald Walker, providing a glance of how soldiers were treated in the war and the challenges they had to overcome, which all relate back to journeys. ‘Leaving home’ is not just about the destination, but the process in which he goes through to get there, and what he learns along the way is what truly counts. The character’s interview with head office caught him by surprise when the â€Å"first country appointment† left him and his family with a â€Å"dull-witted, frog-mouthed obedience†. This metaphor shows how unaware the family was about what could happen and that this was the beginning of his process through a journey. He learns along the way that he holds an unknown future and emotionally, this journey is taking its toll on him. The process within the journey helps determine the up-coming events, whether it is broken into steps or left in somebody else’s hand to determine through the ride. In comparison to ‘Leaving Home’, ‘Khe Sahn’ explores the quick change, that the main character experiences in the context, leaving the process to change his life rapidly. The hostile reception took a toll on the character and when returning from war it was extremely overwhelming. â€Å"I’ve had the Vietnam cold turkey† is Walker showing the process that the character or inspiration of the text has experienced and that he had to abruptly withdraw from the war he witnessed and fought in. The context is providing an internal look on the character and the issues and conflicts he came across after the war. Earlier in the text we find that the character ‘left his heart to the sappers round’ which means, this is him planting his heart to the Khe Sahn battle. Returning from the battle leaves him struggling to find himself mentally, indicating the process he experiences throughout his journey, and to find himself and whom he used to be so quickly. ‘Geography Lesson’ is the internal thoughts of a young student who shares his personal memories of his Geography teacher. Change is a major theme used throughout this poem. It overlooks his teacher’s life and the change he progresses. His belief that his Geography teacher should ‘sail across a warm blue sea’ to a place that he had ‘only known from maps’ glimpses into the thought of the student and the goal in which he believes his teacher should achieve. â€Å"He spoke of the lands he longed to visit† uses personal pronouns to illustrate that the journey is about his teacher and not the young student. â€Å"And I couldn’t understand why he never left†. The contrast between the two quotes emphasise the change and that he never got to the places he longed to visit, which makes the audience wonder ‘Why didn’t he go to the lands?’ ‘What happened to him?’ directing the audience’s attention to the obstacles involved in the journey, making us wonder how his journey ended. ‘Leaving home’ establishes the conflict, change and hatred the character has towards head office, by using disjointed images to describe the office boys. With his family, the main appeal is set towards the ‘unknown† where his distant future is set to thrive. Here we see the change in his attitude towards head office. It now presents his actual revulsion in them because of being sent somewhere that, to him, is unsatisfactory. Comparing the interview as trial and verdict makes the journey seem more daunting than it really is, with his disgust towards head office it is emphasised by using imagery, which highlights his loathing towards the office boys. â€Å"Stood at a window, laughing in the rain, Clapping to a fiddler’s music – Their naked hairless bodies, The colour of sour milk†. The sickening imagery used ends the poem by making it appear that head office, leaves a bad taste in his mouth. The imagery reflects on the journey by showing the change from confusion to rapid repulsion that he has towards the office people. ‘Khe Sanh’ in itself, is very much like a poem. The lyrics explore the lack of support that we, as a society, put towards a particular issue. The lyrics demonstrates that by protesting through a song, it can help influence Australian’s thoughts to sympathise with the veteran soldiers that have undertaken the hardships throughout the battle. Along the way, the society’s perspectives on the veterans changed. â€Å"Well the last plane out of Sydney’s almost gone† is a constant repetition throughout the composition, which helps get the message across that he is holding all this excess baggage from the war and all veterans hold onto that. Whilst the rest of society have moved on, forgotten about it, and don’t understand the adversity the ‘vets’ have gone through. The change from life after war takes a massive toll on the character, and the emotional journey from life after war is tough to break. But the choice for Walker to compose lyrics using the ‘Khe Sahn’ battle was to indicate the journey all veterans undertook and attempted to overcome. Whilst, ‘Geography Lesson’ uses symbolism to identify the place he had only known from maps. Patten’s devotion towards the poem indicates a life full of experience and imagination, leaving you with an urge to ‘sail across a warm blue sea’ and get to the place the teacher ‘longed to visit.’ Symbolism is used to create an effect on the audience by using repetition, (like in ‘Khe Sahn’), to describe the geography teachers ‘heaven’. â€Å"The green leaves of the orange trees burned† is a constant line in the stanza’s, used to help indicate his teacher’s dream. The imagery in this quote builds your imagination on what the place on the map is really like; seeming like it is a bright and positive place to be. The young student uses his teacher as his role model, reflecting on his own decisions in life. This emotional journey brings a sense of hope, desire, and dreams, to not waste your life, but to live it to the fullest. In conclusion, we all embark on a passage through life. Whether it be physically, mentally or emotionally. To get through a journey you only need to take one step at a time, but you must keep on stepping in order to complete your journey. This is found in ‘Leaving Home’, ‘Khe Sahn’ and ‘Geography Lesson’, by overcoming their own pathways through life. Through these texts it is found that Journeys are full of ups and downs, twists and turns, and obstacles that all lead us to our final destination. It really does change our perspective of life itself.