Business Law Questions Essay Example | Topics and Well Written Essays - 2000 words - 1

Business Law Questions - Essay Example This is different from Public companies where the shares are offered on a public stock exchange (Beatty & Samuelson, 2007). Another advantage would be that to form a Private Limited Company the minimum requirement is to have members with an upper limit of 50. In contrast, public Companies require a minimum of seven members with an unlimited upper limit. They are currently three partners and this is enough to form a Private Limited Company. Changing the business to a Private Limited Company enables the business to be able to source for funds from a wider scope than before. They can still obtain funds from family and friends, but now come into consideration from financial institutions. Companies are able to obtain better loans as they tend to have better credit scores when compared with other forms of business like partnerships. This is similar to Public Companies. The main difference is that Public Companies can raise more funds since their books of account are open to the public. Thi s increases the chances of getting debt financing. In forming a company they will enjoy the benefits of having limited liability, Salomon vs. A. Salomon & Co Ltd (1897). A limited company is limited to the extent of the shares held by each individual shareholder. In the case the company winds up, the only claim creditors can have is to the extent of unpaid up share capital. This is because in law, a company is a legal entity in its own right and is separate from the shareholders (Shtein & Lindgren, 1984). This also enables a continued existence even with the incapacitation of a shareholder (Adams, 2008). In the previous partnership, any event leading to the incapacitation of a single shareholder would have led to winding up of the business. In case they would like to expand further, the upper limit of 50 members enables the company to source for more funds by allowing interested members to subscribe.

Racial and Ethnic Differentials in Obese Children Thesis

Racial and Ethnic Differentials in Obese Children - Thesis Example As the discussion highlights no research has been able to prove clearly that racial and ethnic background of a person is a factor that causes overweight and obesity in people. Even though some researches have concluded that it is the racial and ethnic background of a person that causes obesity in him, the deeper look at those studies show that it is not the racial and the ethnic background, but the socioeconomic factors ‘associated’ with those racial and ethnic communities that lead to development of obesity in people. Hence, it can be concluded that it is the ‘socioeconomic status’ (SES) and the social factors related to minor races and ethnic communities in the US that causes the prevalence of obesity among people.This essay stresses that  the research conducted to study the role of racial and ethnic background on obesity trend among children has revealed that children from ‘all’ the races and ethnic background showed a trend of increase in weight with growing years.  In a research conducted to study the effect of family income on the development of overweight and obesity in children, it was found that income of family and biological and social factors in the environment play an important role in the development of obesity.  At the same time, this study revealed a very interesting thing about the racial and ethnic aspect of obesity.... Effect of SES The research conducted to study the role of racial and ethnic background on obesity trend among children has revealed that children from ‘all’ the races and ethnic background showed a trend of increase in weight with growing years (Freedman et al. 301). The only difference is that children from some ethnic background show more increase in obesity than children from other ethnic background. For example, over 30-year period, children belonging to White ethnic background showed an increase in prevalence of overweight from 4% to 13%, while children from Black ethnic background showed an increase from 4% to 30% (Freedman et al. 301). This shows that not only children and adults from Hispanic ethnic background but also children and adults from White ethnic background have a tendency towards overweight and obesity. Hence, it does not clearly prove the effect of race and ethnicity on obesity and overweight. Moreover, other studies have revealed that it is not the r ace and ethnicity of a child that causes obesity, but it is the SES factors ‘associated’ with certain race and ethnic backgrounds that causes obesity. In a research conducted to study the effect of family income on the development of overweight and obesity in children, it was found that income of family and biological and social factors in the environment play an important role in the development of obesity (â€Å"Childhood Overweight..† para.35). At the same time, this study revealed a very interesting thing about the racial and ethnic aspect of obesity. The study found that the BMI levels in the second generation of Mexican-American adults is high among those living in the US than among those living in Mexico (â€Å"Childhood Overweight..† para.33). Moreover, the prevalence and the