Stakeholders, Categories & Responsibilities of Organizations

3. A growing number of firms, for instance soft drink producers, the car companies, fast food restaurants, cigarette companies and so on are under pressure from the government, the media institutions, the environment, the community and society in general for encouraging harmful habits of consumer. However, in the free market economy, individual including consumer and the general public are free to choose the goods they may want to consume (within legal boundaries to emphasize). The questions are: where do you think personal responsibility end and corporate social responsibility begin? How does your personal response change across specific firms? in your own view, what is the role and responsibility federal and states government might play?

1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships, general partnerships, C corporations, and limited liability companies.

Limited company is an organisation in which allow you set up and run your business. Any profits which are made within a limited company stays within the company after it has paid corporation tax, which then allows the company to share its profits.

Limited liability means it does not exceed the amount invested in a partnership or limited liability company. The limited liability feature is one of the biggest advantages of investing in publicly listed companies. While a shareholder can participate wholly in the growth of a company, his or her liability is restricted to the

both a and b (Yes.  The corporate structure provides for limited liability and ease of transferring ownership.)

1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships, general partnerships, C corporations, and limited liability companies.

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation.

Liability: Ownership of a C-Corporation is vested in its stockholders, whose liability is limited to the amount of their investment. The Corporation is liable for all of its debts, and for the actions of employees acting as agents of the organization. Creditors may lay claim against corporate assets, but cannot reach stockholders’ personal assets. Additionally, stockholders have no claim against corporate assets.

Limited Liability Company (LLC) combines the tax advantages of a partnership with the limited liability aspects of a corporation. LLC’s are governed by the Uniform Limited Liability Company Act (ULLCA). All members of the LLC enjoy limited liability unless there is serious misconduct is committed by said member(s), or a member fails to follow through on an obligation. All this should be outlined in your preformation contract. You will have more flexibility with taxation and options on how to manage the company. It would be advisable to also have an Operating Agreement. This will dictate how management will be hired and fired, division of profits, how to transfer interest in the event a member chooses to opt out or dies. What steps to take in the event of dissociation of a partner, and if it causes the dissolution of the LLC. Most importantly how the members vote in the LLC. The weight of the members vote is in accordance with the member’s capital

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation.

The clinic manager’s role in this process change will be to educate the staff on the importance of this change and why this change needs to happen. The manager will also be responsible for monitoring staff engagement and if the patients are receiving this education. The manager is the one who has the power to get this project off the ground. The manager’s interest in the change is to increase the clinics patient satisfaction and to ensure that the patients are educated. The manager will be the person responsible for maintaining the information on the Internet with the clinic-specific information.

Communities Healing Adolescent Depression and Suicide (CHADS) Coalition was founded by Marian And Larry McCord in memorial of their son. The mission of CHADS is to save young lives by advancing the awareness and prevention of depression and suicide. CHADS has made significant accomplishments by outreach staff and strong ties with schools. Various successful programs are offered, such as school outreach programs, community awareness presentations and classes, and family support programs. For instance, with the efforts of CHADS, many schools in St. Louis area have already implemented the Olweus Bullying Prevention Program (OBPP), and have made a significant reduction of peer aggressive

Due to limited liability, company creditors’ interests are not protected . Creditors need to bear the risks inherent when dealing with limited company. Shareholders are discouraged from monitoring and controlling the business due to the benefits of limited liability.

Limited liability Company (LLC): Business’ owners are only subject to limited liability for company’s debts and actions. Owners will be only liable for their own mistakes or negligence that they may show in occasions.

It is important to consider, as a starting point to study the importance of ethics in business and the involvement of government in consumer policy, to make a short approach to moral and social responsibility