LLC manager and LLC member Research Paper Example | Topics and Well Written Essays - 250 words

LLC manager and LLC member - Research Paper Example If a LLC is managed by a manager the decision making responsibility falls in the hand of the individual who has been elected by the members as a manager. The members can choose a manager from within the group of the members of the company or they can even opt for an individual who is not a member of the company. Individuals who are elected as managers for an LLC are responsible to act and make decisions carefully and present utmost loyalty, these duties of a manager of LLC are recognized as fiduciary duties and these duties are similar to the duties that are performed by corporate directors. Members within an LLC can determine the voting policy and the voting rights of the members of the company, according to ULLCA, the voting rights of the members is dependant on their investment in the company and voting policy states that a decision can be made with the aid of the majority votes (Batman, 2011,

Switzerland Research Paper Example | Topics and Well Written Essays - 1500 words

Switzerland - Research Paper Example Depiction and Delineation Switzerland is considered to be one of those exceptional countries that are found to be the richest nations by both their economy as well as their beauty. This federal republic is situated in the heart of Europe (Middle Europe) and has been circumscribed by countries including Austria, Germany, Italy, and Liechtenstein. The foundation of Switzerland is an outcome of the concordance of people with diverse racial, cultural and religious origins. This fact reveals the secret of diversity observed throughout this country. It was established as an independent state by the Federal Constitution in 1848. Several great and notorious places are fancied by tourists including the Matterhorn, the Eiger, and the Jungfrau for their exclusive allurement subsumes French, Germans and Italians respectively. The major languages which are being used in Switzerland as national languages include French, German, Italian, and Romansh. However, Romansh does not equally match the stat us of other three languages. The hallmark souvenirs of this country are found to be the Swiss cheese and Swiss chocolate. Commerce and Industries Switzerland is found to be one of those exclusive countries that have the most stable economies in the world and has remained a leading financial and business hub. Along with the stability of its own economy, it has also been proved to be a safe harbor for financiers and business groups. The country has served as a safe heaven not only for depositors, but also for investors to place their funds in different businesses. On the basis of this, it is found that the country’s economy, holistically, is based mainly upon foreign investments. There are various kinds of industries which attract entrepreneurs for business progression (Robinson & Schweizer, 2006). The principal industries running in Switzerland are in the manufacturing sector producing either raw material or finished products, or they are involved in producing innovative high quality finished goods, for instance, watches. After manufacturing industries, industries for machineries and chemicals are dominant over other industries by rank. One of the chief as well as the oldest industries found in Switzerland is the food processing industry embodying processed cheese, condensed milk, baby food and, most substantially, the Swiss chocolate products. They are followed by another oldest industrial sector – the textile industry which is found to be mandatory for raw fabrics. However, the paper and plastic industry has also gained substantial elevation in the commerce of Switzerland. If skimmed economically, then Switzerland has achieved the honor to be one of the economic countries with topmost revenues along with the least rate of retrenchment (Switzerland, 2013). Government The government of Switzerland is considered to be divided into three principal levels: †¢ The Confederation. †¢ The Cantons. †¢ Communes. The Confederation, which is a lso been termed as the federal government, principally deals with the administration of taxes, customs, army, foreign relations, lawmaking of currency, and confederacy communication. The government comprises seven associates possessing comparable rights, and each of them is considered to be foremost in their respective departments. However, decisions are supposed to be adjudicated by voting of the seven members. Nevertheless, these associates are not considered permanent as they are customarily reinstated after four years by the Federal