Business Law Report Essay Example | Topics and Well Written Essays - 1500 words

Business Law Report - Essay Example More importantly, business laws do not only act as regulations on carrying out business activities but also are useful for the protection of individual entities and persons involved. For instance, business laws are crucial in partnerships due to the governance of relations between the individual parties in play. To facilitate comprehension, a more specific evaluation of the role of business law in limited liability companies (LLC) is in order. Basically, LLCs are legally formed business entities with provisions of limited liability to its members. The recent years have seen increased venturing into LLC across the globe arguably due to the extensive benefits accrued to their formation that impact directly on the owners. LLCs are allowed to choose their preferred tax regime such as either a sole proprietorship or a partnership. This implies that an LLC may be formed by a single individual or through combination of multiple members thereby creating a partnership. However, tax provisions vary across different regions implying that determination of qualification is carried out based on the laws governing LLCs in respective regions. Nonetheless, this provision is increases flexibility of LLCs making giving them some advantage over other business forms. Such an LLC may opt to be taxed as partnerships rather than a corporation to enjoy the benefits accrued to such entities. For example, members’ distributive share of incom e, gain, and loss among other sharable prospects may be done through other approaches apart from through determination of ownership percentage of individual members provided they are within the confines of laws in Treasury Regulation. Moreover, members of an LLC have limited liability implying that they are protected from liabilities of the LLC. However, this benefit is dependent on the state shield law with some providing for some of the liability rather than the entire liability. Additionally, LLC are arguably better compared

Sophocles, Oedipus the King ,Summary Assignment Example | Topics and Well Written Essays - 500 words

Sophocles, Oedipus the King ,Summary - Assignment Example He assures them that this is also his pain and that he has sent Creon to ask the god Apollo for his help. From Creon we learn that Thebes can only be saved when the pollution living inside it is banished. For the murderer of Laios, Thebes’s previous king, resides in the city and was never found. The case was left uninvestigated because at the time the city was troubled by the sphinx. Oedipus also beseeches everyone to help him find this murderer and calls for the blind prophet Tiresias. When he is summoned, Tiresias tells the king that Oedipus himself is the â€Å"ungodly pollution† and that he doesn’t know what a disgraceful and filthy life he is living (Line 353). His shamefulness has caused the grief and suffering through out the city and its residents. This angers Oedipus and he retaliates by saying that he is conspiring with Creon to overthrow him and take the kingdom for himself. Here we learn that although Tiresias is blind, he sees the truth much clearer than the powerful and envious king, Oedipus. Tiresias goes on to prophesize that before the day is over, the man responsible for everything will be found to be â€Å"a resident stranger as it seems, but soon to be revealed as a native Theban† (451).

The Sovereignty of Parliament Essay Example | Topics and Well Written Essays - 1500 words

The Sovereignty of Parliament - Essay Example The basic tenets of these are based on the precepts of the Constitution itself.3 A. V. Dicey in 1885 summarized in his definition of the Rule of Law three areas are comprised: English law is what rules the citizens, not those that establish the law or choose to use it for their own advantage; there is an intrinsic understanding that all are equal under the law; and lastly that a constitution is a result of the laws of the land not the converse.4 One of the most contentious issues of debate concerning the Constitution remains the Sovereignty of Parliament. ... ant role is that of a legitimizer of the government's actions,6 dating back to one of the founding documents of the British Constitution, the Magna Carta.7 Written in 1215, the Magna Carta laid the cornerstone of the Sovereignty of Parliament in that it limited the power of the monarch by written grant.8 Modern Parliament was formulated with the passage of the Act of Union 1707 with the joining of the Scotland under the federal rule of Britain while still allowing them some autonomy.9 The British Common Law constitution acknowledges the sovereighness of the monarchy; however, it affirms that likewise, as they must uphold the law, they are powerless to change it; that rests solely with Parliament.10 Several cases upholding its Sovereignty follow. Pickin v British Railways Board [1974] HL upheld the Supremacy of Parliament in that the judicial challenge of any act of Parliament is disallowed.11 Vauxhall Estates v Liverpool Corporation [1932] DC held that the Sovereignty of Parliament is assured and no Parliament may bind another parliament.12 Similarly, Ellen Street Estates Ltd v Minister of Health [1934] held that the Sovereignty of Parliament was absolute and there is no judicial review allowed.13 The 1998 Human Rights Act (HRA) has, some suggested, further weakened the Sovereignty of Parliament. Section 19 of this Act is particularly important in that without its full knowledge and clear understanding Parliament will not enact any legislation incompatible with the convention without its full knowledge and understanding. The Minister is required upon introducing a bill to Parliament to make a clear statement as to, in his opinion, the bill contradicts the convention. If he is unable to make a determination as to compatibility he is required to state