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Professional Corporations – Shareholder Limitations

The professional corporation is an entity classification used in many states for professional services. Classic examples include medical, legal and accounting practices. Professional corporations usually come with serious restrictions and the individuals who can be shareholders is often one of them.

Any article on professional corporations necessarily involves a lot of hedging with verbiage such as -usually-, -generally- and the like being used. The reason for this is these entities are controlled by state law and each state has its own requirements. For the purpose of this article, we are generally looking at California law.

By its very definition, a professional corporation is limited to the providing of professional services to clients. Given this, most people assume a certain level of skill when they attend the entity. For instance, a person going to Los Angeles Cardiology Medical Corporation generally assume they are being treated by licensed physicians who specialize in cardiology. In reflection of this, many states have instituted a public policy of restricting shareholders of professional corporations.

The classic restriction is to limit the class of shareholders to professionals in the particular field. For instance, the shareholders of a medical corporation could only be licensed physicians in the state. A non-licensed professional such as a management person could not be a shareholder.

This limitation seems fairly straightforward and simple, but it leads to odd situations. In California, for instance, what happens when a physician that owns a professional corporation passes away? Generally, the practice would pass to his spouse and heirs, but what if they are not licensed doctors? They cannot have an ownership position in the entity, so careful planning has to be undertaken to avoid serious problems. Selling the corporation will be difficult because there is no leverage in doing so and no guarantee the patients will stick with a new doctor that buys it. In the end, many entities in this situation are simply closed down. Fortunately, there are ways to plan for this financially by having the entity purchase life insurance that pays out on the passing of the sole shareholder.

The restrictions and requirements surrounding a professional corporation are extremely dependent upon the state one is in. What is required in California may be entirely different than what must be done in Oregon, New York or some other state. If you are considering forming one, it is highly advisable to speak with a business lawyer in your area who has experience dealing with them.

Richard A. Chapo forms medical and legal professional corporations for clients at SanDiegoBusinessLawFirm.com.

Ethylene Prices In Asia Pacific Or To Increase Downstream

Japanese imports of petrochemical products in China earthquake will have a greater impact,CAS 603-33-8, the Asia Pacific region and will further lead to rising prices of ethylene downstream products, and effects may continue at least 2 to 3 months, but have little effect on exports . March 18, China Petroleum and Chemical Industry Association, deputy director of the Ministry of Information and Market Zhu Fang told reporters.

Zhu Fang talking about, according to the current understanding of the situation analysis, two major earthquakes in Japan can not be ignored: First, oil demand in Japan, a corresponding reduction in the supply of petrochemical products, to reduce the contribution of the Asia-Pacific region; Second, China needs high-end , high value-added petrochemical products and from China to Japan’s high dependence on a reduced supply of bulk raw materials, thus triggering further increases in the Asia-Pacific petrochemical product prices.

Import and export of petroleum and chemical industry from the situation, Japan is China’s third largest trading partner of Japan in recent years China has maintained a large trade deficit, this pattern continues today. 2010 China import and export of petrochemical products to Japan totaled 35.62 billion U.S. dollars, of which imports from Japan amounted to 26.08 billion U.S. dollars,fine chemicals exporter, came in third; China’s exports to 9.54 billion U.S. dollars in Japan, came in second place. China is not only on the production of ethylene glycol from Japan, PTA (purified terephthalic acid), polyethylene, polypropylene and other bulk imports of many products, and engineering plastics, high-end products such as modified resin also a lot of imports , while exports to Japan mainly concentrated in a few primary chemical products.

Zhu Fang pointed out that Japan earthquake affecting the world petrochemical market trend factors, is a very recent period. Learned from the latest case, the current area of petrochemical facilities in Japan quake largely intact, but affected by the nuclear accident, the power supply is not stable. Taking into account after the earthquake produced the first Japanese companies to restore power to protect the stability of supply, secondly on the plant, and equipment re-evaluation, so at least 2 to 3 months, the petrochemical market will be some uncertainty in the supply and demand.

It is understood that the transport of petrochemical products have special requirements,Triphenyl Bismuth, earthquake and tsunami on the Japanese port facilities will also have an impact, so the import and export of petrochemical products are subject to certain constraints. Source:

Asia Pacific Holds Majority Share In World Lng Demand

The requirement of energy sources are escalating every year. Traditionally, the demand had been fulfilled by coal and other fossil fuels. However, during the past few years, natural gas has been given preference over coal and other fossil fuels. Increasing crude oil and coal prices in the international market along with clean power development pressure are the main factors responsible for these changes. Hence, LNG is quickly becoming the most internationally traded commodity in the world. Asia Pacific is the traditional hub of the global LNG business, particularly due to an increased emphasis on environmental safety.

The LNG demand in the Asia-Pacific region is increasing with an increase in demand from various countries. For instance, China’s natural gas demand growth is being driven by the governments effort to curb pollution. Demand from Japan is also increasing with a shift in the focus to natural gas for power generation. Additionally, the demand from countries like India is increasing on account of high GDP growth rate. Thus, Asia-Pacific region dominates the demand for LNG in the global LNG market, says Asia Pacific LNG Market Outlook 2020, a recent report by RNCOS.

The report evaluates Asia-Pacific LNG Industry in detail. It identifies major LNG import and export markets and presents their current industry status. Each of the countries is studied thoroughly with special focus on demand and supply scenario of the country; major LNG receiving terminals/production plants; under construction and proposed LNG receiving terminals/production plants; and medium- and long-term receiving/supply contracts. Forecasting of LNG demand/supply for 2015 and 2020 of each country is also provided in the report. Competitive landscape with profiling of major oil and gas companies in the LNG sector are also included in the report. The section covers brief business overview, key financials, and recent development of the company. Overall, the report provides complete overview of the market that can help clients to frame their strategies accordingly.

For FREE SAMPLE of this report visit:

Some of our Related Reports are:

– Indian Natural Gas Sector Analysis ()
– Russian LNG Market Analysis ()
– Global LNG Market Analysis ()

Check Related REPORTS on:

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

reasons why you should get insurance quotes online

If you are trying to find a suitable insurance policy for your car, it is highly recommended that you get a quote online. In fact, with the help of the internet, you can get multiple quotes. Thereafter, you can compare these quotes and choose an insurance provider whose quote matches your budget. Given below are five major reasons why it is better to get a car insurance quote online:

No need to do research: For choosing an insurance provider, you need to do extensive research. You invest your valuable time and also spend money to buy resources that can help you in doing the research. However, when you get the quote online, you get to save your time and money.

Easy to make the choice: Websites that enable you get the quote online ensure that you actually get multiple quotes. For this, they create a pool of 15-20 leading insurance providers. You get your quotes from this pool and are in a position to make the right choice.

Quotes for different needs: While you can get the quote for your car, it is also possible to get the quote for Renters Home Insurance. In fact, the internet enables you to get quotes for different types of insurance policies.

Information at your disposal: If you do not use the internet for getting the quote, you spend hours doing the research and then you get the desired information. However, websites that help you in getting the quote tell you everything you need to know. You even get to find out if the chosen insurance provider serves your state. So, if you are specifically looking for Texas Car Insurance Quote, you can be sure that you’d only get a relevant quote.

Faster service available: Sending your current policy via fax may result in a faster service when you request a quote. While these reasons truly sum up when internet is the best place to get any insurance quote, there are other reasons that make internet your one-stop destination. These reasons include:

Websites that help you in getting the quote also ensure that you receive proper guidance. For this, they make you speak to one of the licensed agents.

If you take the matter into your own hands, you may have a hard time bundling policies. However, when you look for an insurance quote online, it becomes easier for you to bundle policies. As a result, you get to save hundreds of dollars.

Webinar Services The Key Growth Driver For Businesses In Asia Pacific Region

According to a recent survey report, the focus on Unified Communication has largely increased in Malaysia, Singapore and other Asia Pacific region in the last few years. The report submitted by research house Frost & Sullivan shows this rise on the backdrop of tremendous demands for video conferencing, data sharing, call control, web casting and other teleconferencing services by the business firms located in the region. It is estimated that the communication industry will grow at a Compound Annual Growth Rate of 9.2 per cent as against around 5 per cent now.

A large number of companies have emerged as the solution provider to the communication needs of the business organizations located in the region. Cisco is one such leading Unified communication solution provider that provides an ideal platform for merging audio, video and web conferencing through webcasting and webinar services.

A webcast is basically used to transfer live videos, presentation or any other things to a large number of people located in different parts of the world through streaming media technology. On the other hand webinar is a term derived by the combination of Web and seminar and is used for conducting seminar and presentation over long distances.

Webinars are very much similar to a conference room seminar except that the participants are located at far off places who participate in the process through computer systems. These systems are integrated in such a way that the audio and video data are conveyed to each participant at the same time. Moreover, the process being Interactive, each participants can keep their view and contribute in the activity. Apart from seminar and presentation, webinar is also used for successfully conducting business meeting without any glitch. It is for these reasons that business organizations seek webinars solution for their communication needs over long distance.

A reputed company like Cisco Jabber provide all the three tools of UC solutions namely Instant Messaging, Collaboration and support for mobility at a reasonable cost. Host of features like file transfer, desktop sharing, desktop video sharing and power presentation has helped countries like Malaysia to grow into a global business hub. These services has cut the travel cost and has also saved a lot of precious time of the business executives. Moreover, it has helped countries like Singapore and Malaysia earn carbon credits which is at the forefront of their agendas.

The various features of conferencing services are largely availed by education and hi-tech industries and Banking and Financial Services Institutions (BFSI), for remote communication. Therefore, web conferencing services is expected to play a key role in the growth of these sectors. Thus, the benefits of webinar services are huge and the future of conferencing services looks very promising.

US Government Aid for Families

We all need aid at some time or another. We will show how to look and find what is available when needing Family Aid

There is a web site, benefits.gov, which can help you in finding government aid, grants, loans and other benefits and financial support coming from the federal government. The web site will show you all the important information, how to find out if you are eligible, how to apply if you are and where to do that.

When wanting to apply for any kind of financial government aid, you need to know that grants and loans are not the same. A loan has to be paid back, and many times with an interest rate. There is another web site, govloans.gov, which can help you in finding loans which are funded by the government.

Grants do not need to be paid back, but very few of them are meant for people as most of these government grants are given to universities, cities, states, counties, organizations and researchers. Grants.gov is the perfect site to browse for these types of government aid for families.

There are many programs which offer financial help and assistance for families who want to adopt children. Expenses connected with adoption, vary based on the type of adoption. Families who need this help, can research and find information about what can be claimed as financial aid for adopting and what they have to pay themselves.

There are programs which offer you a percentage of the expenses related to work, which you have already paid to a care provider, who cares for your child. The percentage will depend on the income you are receiving. These expenses will be paid if the primary function is to protect the child’s well-being. For most, a credit will be given to those who have used a care provider, who takes care of your child under the age of 13, or caring for your children and spends a minimum of 8 hours in your home.

The total sum of expenses which qualify for the credit are $3000 for one person and $6000 for two or more people. There may be some changes in the amounts, depending on taxes that are active at that year. Also, another important fact is that, the credit which will be received, may not exceed the amount of money which you or your spouse is receiving per month. This could be different if your spouse is a student.

For these credits, a qualifying person actually can be a child who is under the age of 13,or a spouse who is a student and cannot take care of himself which means that he is incapable of taking care of his nutritional and hygienic needs. This may be because of a mental or physical illness.

These are some examples we hope will help you when looking for Government aid for families.

Get A Existence Insurance coverage Quotation Internet

This technological clarification of life span insurance coverage is a program which provides payment just in circumstance of the individual’s death. In other terms it indicates getting a again upwards if you or the individual insured dies. It is when it arrives to a sum cash which will then be payable to the living nominee by the life span insurance coverage organizations which give these procedures.

Quite a amount of folks which mistakenly feel that getting life span insurance coverage strategy signifies enticing loss of life plus misfortune. On the contrary it is truly specifically the reverse. By getting life span insurance coverage strategy you truly protected the surviving nominees within celebration of the loss of life. Lifestyle plan is therefore a excellent item to obtain. p>

The following process generally starts by the life span insurance coverage prices, numerous of that are received on-line. An person just should indicator on to the web sites of the numerous life span insurance coverage organizations plus fill within the pertinent info. You will be also essential to reply many distinct queries which pertain to the well being plus medical history also. Nevertheless the first thing you need to have to do is truly choose that variety of life span insurance coverage you need to have plus what is the volume you need to have to verify by yourself having.

There are actually essentially sorts of life span insurance coverage insurance policies – Time period life span insurance coverage procedures plus Money again life span insurance coverage procedures. Time period life span insurance coverage procedures are lively simply because lengthy simply because you have to pay the premiums. Money again life span insurance coverage procedures are individuals in which you stand confident of the sum about strategy readiness.

Your current life span insurance coverage strategy sum is truly an volume which the family may possibly get which normally takes the area of the reduction of money which may possibly end result owing to the loss of life.
This can imply that it sum would have to get care of many urgent along with other important
Term Life Policies
life insurance policies

Online insurance broker for public liability

If you’re running a small business, chances are that you have concerns over being held liable financially for risks out of your control. Small businesses in particular are extremely vulnerable to such risks that come in the form of litigation resulting from negligence. Negligence can either arise from product failure, or as a result of personal injury or property damage to a third party. If you are the small business owner, this is the time when, without the appropriate public & products liability insurance, you could face losing your business & personal assets.

It is advisable, therefore, for every entrepreneur to obtain the services of an online insurance broker and take out public & products liability insurance that will optimally meet the business’s requirements. This type of insurance covers all the bodily injury and property damage that a third party may sustain while you’re carrying out your business activities. Public & products liability insurance covers body injury and property damage to clients or third parties, it also covers your employees for negligence, thus providing protection for the business owner.

Apart from the situation that may rise within the business’s framework, either concerning the employees, the clients or the owner himself, public & products liability insurance is useful in resolving disputes with unconcerned parties as well, which, although may start small, in unfortunate situations can escalate into something much more unpleasant. Such an example would be a patron slipping on the floor in your retail shop. At the time these doesn’t appear to be any injury, but then months or years down the line your company suddenly finds itself being held legally liable for the injury due to negligence of perhaps not keeping the floor clean or dry during cleaning.

As your online insurance broker will inform you, this is a type of insurance is applicable for individual tradesman, you may be working on a construction site for instance. Even though construction sites have strict safety measures in place, accidents do happen & if you or an employee are held liable as a result of negligence, it could be a very costly & financially draining burden on you or your business.

Whether as a business owner or a sole trader, if you have decided on buying a public & products insurance policy through an online insurance broker, you should consider certain things. Policy coverage is very important, the excess you will pay in the result of a claim and of course the premium you have to pay for the policy. Consulting an online insurance broker is a great way to source the most suitable insurance policy for your needs, they can provide the necessary advice and service.

If you’re attempting to sign a public liability insurance and as a business owner, you’re looking for the best possible schemes, adapted to your business particularities, don’t hesitate to contact a skilled online insurance broker that can provide you the fastest quotes that fit your needs.

Luxury Travel Ltd Embraces Asean Countries with Niche Products at ITB ASIA in Singapore

VIETNAM is an emerging Mice destination in South East Asia and showcasing the country’s offerings at ITB Asia 2012 will be Luxury Travel Ltd. (Stand R1730)

Hanoi, Vietnam, October 12, 2012 – The company specialises in planning and organising incentive trips and has been one of the leading Mice destination firms in Vietnam for more than seven years.

Hung Nguyen, the company’s Mice department manager said Vietnam has something for everyone in cities like Hanoi, Ho Chi Minh City and the centre in areas such as Hue, Danang and Hoian.

-Luxury Travel is the first travel company in Vietnam specialising in luxury, leisure, and incentive holidays. We have first-hand knowledge in Mice and excellent relations with suppliers in the Mice industry for whatever event or incentive holiday travellers want. Name it and we make it happen,- said founder and CEO Pham Ha.

The company promotes Vietnam as a preferred new destination for both domestic and international Mice travel but can arrange successful Mice trips to Cambodia, Laos, Myanmar and Thailand.

-We will also promote its leisure luxury short trips at this year’s show. Asean countries are our great markets, with direct convenient flights, no visa. They have purchasing powers. Today’s luxury travellers want to be entertained and stimulated, rather than simply pampered. They want off-the-beaten-track experiences; crave efficient and seamless travel and value for money. They are also interested in short trips, family travel, a bit of adventure, local culture and authentic experiences. Our leisure travel programmes to show at ITB Asia are designed to catch this trend.- said Ha.

Vietnam’s first luxury tour operator/DMC (www.luxurytravelvietnam.com) is based in Hanoi, with offices throughout Vietnam, Cambodia, Laos, Myanmar and Thailand. Luxury Travel is exceptional at designing tailor-made tours and providing unique travel experiences. Opened in 2004, the Luxury Travel Company Limited has its own offices, luxury vehicles, luxury travel advisors, and representative offices in California, London,Paris, and Sydney. The company’s depth of experience and large infrastructure enable it to create unique itineraries with the operational confidence to fulfill client expectations. Luxury Travel Ltd. has won numerous travel awards for excellent performance including the most recent -The Years’ Best- of the Guide Awards in 2012. www.facebook.com/luxurytravelcompany

Contact: David Nguyen Sales and Marketing Manager Luxury Travel Group Ltd 05 Nguyen Truong To Str., Ba Dinh Dist, Hanoi 84444 Vietnam 84439274120

Multi National Corporations Disected

MNCs

An Enterprise, which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management. It comprise of three words multi, national and corporations. These words together means that corporations which have established their offices to increase the interaction either by their own efforts or by collaborations with other companies. Thus Multinational represents highest level of overseas involvement and is characterized by global strategy of investment, production and distribution. MNCs are enterprise which owns or controls production or service facilities outside their home country.

Classification of MNC by behavior

1.Ethnocentric: These are the type of MNCs which have strong orientation towards home country. This means that home country people are considered as superior and allocated all key posts.
2.Polycentric: Just opposite to Ethnocentric polycentric type of MNCs has strong orientation towards host country where few key people are nationals and remaining are from the host country.
3.Regiocentric and Geocentric: These MNCs have their concentration in whole world and they make selection for best employees whether they are from host country or home country it does not matter.

Characteristics of MNCs

1.Single Managerial Authority control
2.Worldwide Integration, better profitability
3.Global Perspective
4.Close Coordination in parents & affiliates
5.Worldwide Market

Benefits of MNCs

1.Training of domestic manpower
2.Increase pace of economic development
3.Promote better products at lower costs
4.Employment to labour
5.Increase in production, GDP, exports
6.Increase in Governments revenues

Criticism of MNCs

1.Increase gap between rich & poor countries
2.Misallocate & misuse scarce natural resources
3.Home country loses jobs when MNC overseas
4.Employ transfer pricing
5.Aggravate Unemployment in developing countries
6.Competition from MNCs local Industry

Entry Strategies used by MNCs

1.Exporting
2.Licencing
3.Joint Ventures
4.Manufacturing
5.Contract Management / Turnkey Projects

Arguments in support of MNCs in India

1.Change in Perception
2.Economic Arguments
3.Technology Transfers
4.Foreign Investment vs. Borrowing

Benefits of Indian Liberalization to MNCs

1.Positive steps taken by government
2.Effect of these steps

Direct Benefits to India of the increasing presence of MNCs

Increasing scope of professional Education
Increasing competition among states for FDI
Expanding Indias consuming class
India as a source of Inputs
Infrastructural gains

Criticism of MNCs in India

1.Inappropriate products launched by MNCs
2.Overshadowing Domestic Industry
3.MNCs and child labour
4.Workers Exploitation

MNCs and FUTURE

Leading Global Business intelligence and consultancy firms such as Giga, Forester Research and McKinsey & Co. have cited various reasons for the increase of offshore outsourcing by MNCs to India.