27. Choice of business medium

2020 ◽  
pp. 275-281
Author(s):  
J. Scott Slorach ◽  
Jason Ellis

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing between the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions, and social security. Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant, and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

Author(s):  
J. Scott Slorach ◽  
Jason Ellis

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.


2019 ◽  
pp. 277-283
Author(s):  
J. Scott Slorach ◽  
Jason Ellis

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.


Business Law ◽  
2021 ◽  
pp. 277-283
Author(s):  
J. Scott Slorach ◽  
Jason Ellis

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing between the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions, and social security. Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant, and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.


Author(s):  
J. Scott Slorach ◽  
Jason Ellis

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.


2019 ◽  
pp. 114-135
Author(s):  
David Brydan

Social experts played an important but contested role in Francoist attempts to establish Spain as an influential power in Latin America during the 1940s and 1950s. By encouraging Spanish experts to form ties with their Latin American colleagues, the Franco regime aimed to promote an image of itself as modern, scientific, and technically advanced on the one hand, and as socially progressive on the other. Despite the significant resources dedicated to this task, the Francoist narrative was strongly resisted both by Latin American leftists and by exiled Republican social experts who promoted a more collaborative model of Ibero-American identity. Nevertheless, Latin America did offer a route through which Francoist experts were able to engage with wider forms of international health and welfare. In areas such as social security, it also provided an opportunity for the regime to promote its vision of Francoist modernity to the outside world.


2015 ◽  
Vol 81 (3) ◽  
pp. 261-299 ◽  
Author(s):  
Michele Boldrin ◽  
Mariacristina De Nardi ◽  
Larry E. Jones

Abstract:The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one by Barro and Becker (1989), and the one inspired by Caldwell and developed by Boldrin and Jones (2002). In the Barro and Becker model parents have children because they perceive their children’s lives as a continuation of their own. In the Boldrin and Jones’ framework parents procreate because the children care about their old parents’ utility, and thus provide them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker model is very small, and inconsistent with the empirical findings. The effect on fertility in the Boldrin and Jones model is sizeable and accounts for between 55 and 65% of the observed Europe–US fertility differences both across countries and across time and over 80% of the observed variation seen in a broad cross section of countries. Another key factor affecting fertility the Boldrin and Jones model is the access to capital markets, which can account for the other half of the observed change in fertility in developed countries over the last 70 years.


2019 ◽  
Vol 26 (6) ◽  
pp. 1727-1730
Author(s):  
Redon Koleci

Financial institutions are financial intermediaries in the process of transferring financial funds between participants in the financial system. The key participants in the financial system are: individuals, businesses, financial intermediaries and the government.Money holders are interested in investing their savings in earning income. As compensation for this, they earn profits in various forms, such as interests, dividends, capital gains, etc. Also, borrowers need additional financial funds to finance their investment or consumption programs. They are obliged to borrow those funds from financial institutions. For lending funds they pay a certain lender's price.With the intermediation of financial institutions, it is possible to transfer financial funds from entities that have surplus to entities lacking financial funds and at the same time need to be provided from external investment or consumption sources, if the accumulation of sufficient financial resources from own resources.The essence of financial intermediation lies in the collection of financial funds from many individuals and businesses that own financial savings, and their investment in various forms. With the disclosure of the financial intermediation process, we note its multidimensional aspect, on the one hand, as a pool of financial funds in various forms and their concentration, while on the other hand, as investment of shelled funds through various forms of loans to borrowers who need funding.


2020 ◽  
pp. 296-302
Author(s):  
Raf Van Rooy

Chapter 24 surveys the book’s main arguments, which include especially the emergence of the modern language / dialect distinction during the early sixteenth century and the subsequent formulation of its main interpretations. Above all, however, this chapter emphasizes that the language / dialect distinction unmistakably has a history, for too long neglected, and that it is not a timeless and self-evident given. Having established its historicity, Chapter 24 fields the question of whether the conceptual pair has a future, to which an answer, both tentative and brief, is offered. On the one hand, it is suggested that a reconceptualization of the distinction can be a viable option. On the other hand, the fact that the conceptual pair has become common knowledge gives linguists not only the opportunity but also, and especially, the responsibility to take on a more prominent societal role in language / dialect disputes.


2018 ◽  
Vol 20 (2) ◽  
pp. 116-128 ◽  
Author(s):  
Katharina Eisele

In March 2012, the European Commission adopted a Communication on the external dimension of EU social security coordination. On the one hand, the Commission explained that social security coordination between the EU and rest of the world is dealt with at a national level. On the other hand, the Commission argued that a common EU approach to social security coordination with third countries was under development. This common EU approach to social security coordination consists of a number of elements. One element relates to Association Agreements and Stabilisation and Association Agreements. These Agreements and specific Decisions taken by Association Councils (established by such Agreements) stipulate rules, which govern social security coordination for workers and their families, who move between the EU and the associated country. According to the Commission, once the Association Council Decisions are adopted, the common EU approach to social security coordination will be implemented. Six years after the publication of the 2012 European Commission Communication, questions arise as to whether or not the Association Agreements have been implemented, and the reasons for this. This article seeks to examine and contrast selected Association Agreements and Stabilisation and Association Agreements (SAAs), which provide social security rules for the nationals of the contracting parties. These will include the Ankara Agreement concluded with Turkey, the Euro-Mediterranean Agreements with Algeria, Morocco and Tunisia, and the SAAs with the Balkan countries. The aim of this article is to provide an overarching overview of the different legal positions that third-country nationals may rely on, based on their nationality, and to explore whether or not Association Agreements have been implemented in terms of social security coordination rules.


2020 ◽  
pp. 70-75
Author(s):  
Karina Gnatenko

Problem setting. In recent years, as a result of legislative activity, many new legal principles have emerged that guide the legal regulation of the social sphere and indicate the general directions of the implementation of social rights. As a result, there is both a theoretical and a practical need to clarify their content and streamline the principles of social security law throughout the system. Characterizing the principles of social security, it should be noted that today there are many classifications of sectoral principles and those that were developed in Soviet times, and those that are more or less focused on the specifics of today. Some principles disappeared, losing their relevance and ceasing to affect all social security; others, on the other hand, have become more and more confident in the system of sectoral principles, having barely appeared in social security legislation. One such principle is the principle of targeting. Analysis of recent researches and publications. Problems of providing targeted assistance in their scientific works were studied by such scientists as O. O. Bogdanova, T. Z. Garasimov, A. Gladun, S. V. Kudlaenko, O. V. Moskalenko, I. Yu. Khomych, T. Yu. Khrenova, O. Chutcheva, O. M. Yaroshenko and others. Target of research – to find out the content of the principle of targeting in the law of social security and to determine its place in the mechanism of legal regulation of the law of social security in modern conditions in the implementation of social rights. Article’s main body. Targeted social protection in general is aimed at determining the real standard of living of persons seeking social assistance, their real need for social assistance. It is a characteristic tool of social programs to combat poverty, which allows to achieve a significant effect by qualitatively identifying the criteria characteristics of “beneficiaries”. The main advantage of the targeted social protection system is, firstly, the more efficient use of available limited budget funds to provide social assistance to the most vulnerable categories of citizens; secondly, most of such funds are spent on poor citizens. Therefore, addressing the system of social protection of vulnerable groups can, on the one hand, significantly increase the ability of this system to provide social assistance and services to those who really need it, and on the other – to prevent access to budget funds for state social assistance and provision of social services to those to whom it is not intended. This, in turn, will reduce the overall cost of social assistance programs at the state and regional levels, which is an important factor given the limited financial resources. Conclusions and prospects for the development. The principle of targeting social benefits, taking into account the financial situation of a particular person in a particular life situation, recognized by the state society as socially respectable, will contribute, on the one hand, more effective implementation of social rights, as it will take into account the specific life situation and, on the other hand, without limiting the volume and types of social benefits already provided by the current legislation, will promote a more rational distribution of funds from public consumption funds. Targeted social protection should be aimed at determining the real standard of living of persons seeking social assistance, their real need for social assistance


Sign in / Sign up

Export Citation Format

Share Document