Describe the differences among a sole proprietorship, partnership, and corporation.
1. Identify the major disadvantage of a sole proprietorship or a partnership.
2. How does a corporation differ from a partnership?
3. What conflicts exist when a MCO provides bonuses to physicians for providing fewer tests?
A sole proprietorship is a business structure owned and operated by an individual, who is responsible for all aspects of the business including profits, losses and liabilities. A partnership has two or more people working together to manage and run a business, with each partner having personal liability for any debts or other obligations incurred by the company. Lastly, a corporation is an entity that exists separately from its owners and operates under authority granted by law. The most significant difference between these structures is in terms of liability protections; both partnerships and corporations provide limited liability for their owners whereas a sole proprietorship does not offer this level of protection (Dooley & Peacock, 2021). Corporations also have the potential to raise capital through stock sales which give them access to larger sources of investment funds than either partnerships or sole proprietorships can obtain on their own. Additionally, corporations have greater organizational flexibility than either type of venture allowing them to use specialized management teams if desired.
A sole proprietorship or a partnership has the major disadvantage of unlimited liability, which means that in the event of a lawsuit or other financial hardship, all assets owned by either party are at risk of being used to satisfy any debts. This type of business structure does not provide protection from personal liability and creditors can pursue legal action against owners if necessary. As such, there is no separation between business and personal assets as is provided with other business structures such as corporations. Furthermore, a lack of resources makes it difficult for entrepreneurs running this type of structure to effectively manage their finances while they focus on core operations. In addition, without outside investors or partners providing capital to fund the venture’s growth potential may be limited due to lack of liquidity and access to needed funds (Dooley & Peacock, 2021).
his prompts question of what meets all requirements to be a soldier, and whether it is legitimate to kill each other as warriors. Soldiers are individuals who are involved straightforwardly or by implication with the conflict and it is legal to kill ‘to protect the blameless from hurt… rebuff wrongdoers (Begby et al (2006b), Page 290).However, as referenced above non military personnel can’t be hurt, showing soldiers as the main genuine focuses on, one more state of jus in bello, as ‘we may not utilize the sword against the people who have not hurt us (Begby et al (2006b), Page 314).’ likewise, Frowe recommended warriors should be distinguished as warriors, to keep away from the presence of close quarters combat which can wind up in a higher passing count, for instance, the Vietnam War. Additionally, he contended they should be essential for the military, remain battle ready and apply to the guidelines of jus in bello. (Frowe (2011), Page 101-3). This proposes Frowe looks for a fair, simply battle between two members keeping away from non-warrior passings, yet couldn’t this prompt higher demise rate for soldiers, as the two sides have generally equivalent opportunity to win since both utilize comparable strategies? By the by, seemingly Frowe will contend that soldier can legitimately kill one another, showing this is simply, which is likewise upheld by Vittola, who states: ‘it is legal to draw the sword and use it against villains (Begby et al (2006b), Page 309).’ furthermore, Vittola communicates the degree of military strategies utilized, however never arrives at a resolution regardless of whether it’s legal to continue these activities, as he continually tracked down a center ground, where it very well may be legitimate to do things like this yet never consistently (Begby et al (2006b), Page 326-31). This is upheld by Frowe, who estimates the authentic strategies as per proportionality and military need. It relies upon the size of how much harm done to each other, to pass judgment on the activities after a conflict. For instance, one can’t just nuke the psychological militant gatherings all through the center east, since it isn’t just corresponding, it will harm the entire populace, an unseen side-effect. All the more critically, the troopers should have the right aim in the thing they will accomplish, forfeiting the expenses for their activities. For instance: to execute all detainees of war, they should do it for the right expectation and for a noble motivation, relative to the damage done to them. This is upheld by Vittola: ‘not generally legal to execute all warriors… we should consider… size of the injury caused by the foe.’ This is additionally upheld by Frowe approach, which is much more upright than Vittola’s view however suggests similar plans: ‘can’t be rebuffed just for battling.’ This implies one can’t just rebuff another in light of the fact that they have been a soldier. They should be treated as others consciously as could be expected. Be that as it may, the circumstance is heightened in the event that killing them can prompt harmony and security, inside the interests, all things considered. Generally, jus in bello recommends in wars, mischief must be utilized against warriors, never against the blameless. In any case, eventually, the point is to lay out harmony and security inside the federation. As Vittola’s decision: ‘the quest for equity for which he battles and the guard of his country’ is the thing countries ought to be battling for in wars (Begby et al (2006b), Page 332). Subsequently, albeit the present world has