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.

Economics masquerading as Altruism

Economics masquerading as Altruism It is a human tendency of getting envious when someone else pose a threat to your stature or is on the verge of overtaking you in any field, one tries every possible methodology in order to retain his stature and do not even abstain himself from adopting devious methods in order to restore it. The above tendency is synonymous with the developed countries as well who are boggled by the pace at which the economic development of the developing countries is taking place. Global warming is a very grave issue and requires concerted efforts from both the developed and developing countries. The developed countries have perceived this issue in a very immature way by putting the onus of this problem on the developing economies irrespective of all the commercial activities being carried by them contributing to Global warming. It is indeed interesting to note that the emission levels had shot up unprecedently in the 1970’s but this issue was never heeded as the economies of the developed countries were blooming at that point of time. Eversince the late 1990’s the economies of the developing countries started to expand and that too at a rapid pace which made the developed economies wary of the threat being posed by the developing economies. In order to encumber their growth, they started using Global warming as a tool to fructify their objectives by masquerading this issue in an exaggerated manner. Recently during the Copenhagen meet, a lot of restrictions were being imposed on the developing economies in order to compel them to cut down on emissions. In a study it was found that U.S.A accounts for 25% of the Global emissions whereas developing countries like India accounts for a miniscule 0.2%. It is therefore imperative for the developed countries to get their facts right and try to cut emissions on their part rather than imposing unwarranted restrictions on the developing countries in order to curtail their Economic development. At the same time it is essential for both the developed as well as developing countries to join hands and work together with efficacy in order to tackle Global warming which is indeed a serious problem. It should be vacillated as the repercussions could be very dreading rather than finding out ways to retain economic supremacy by encumbering the growth of each other.

g Htc Thunderbolt Is The Greatest Achievement Of Htc Corporation

Verizon has recently launched a unique smartphone as HTC Thunderbolt on 4G. This is first smartphone, which has utilized 4G LTE Network. At first, this newly released smartphone was available only at metropolitan areas, but during the end of 2011, Verizon group has extended their coverage to approximately 150 worldwide areas. Apart from outstanding coverage of 4G, Thunderbolt is a unique smartphone.

At first glance, most of us have perceived that HTC Thunderbolt has looks and feelings, similar to any of the smartphone provided by HTC Corporation. Although, the newly launched model is slightly thicker than other models of smartphones available to us, but still the phone can be fit easily in our trousers or jeans pockets. The back of HTC Thunderbolt smartphone is soft, so that we can hold it comfortably without any difficulty. One side of this smart phone has volume control, while other side has micro USB port, along with power button placed at the top of your smartphone. The front side of this smartphone has included WVGA display of approximately 4 inch and resolution of 800/480 pixels. The HTC Thunderbolt has included 4G hardware in it. This is because; the newly launched smartphone is slightly heavy in weight than other smartphones of HTC Corporation. However, the increase in weight of HTC Thunderbolt as compared to other smart phones has given it the feeling of business tool, instead of a toy.

The battery for HTC Thunderbolt smartphones is comparatively smaller than batteries of other smartphones. This is because; HTC Thunderbolt has incorporated 1400mAh battery. Hence, the life of Battery For Htc Thunderbolt is poor and has talk time of approximately 6 to 8 hours. Moreover, if we use this HTC smartphone frequently with huge applications, internet browsing, video and media playing, the model may last to maximum 4 to 5 hours. Irrespective of the poor performance of its battery, we should say that launch of HTC Thunderbolt is one of the greatest achievement of HTC Corporation in the sector of smartphones. So, if you are having strong desire to enjoy 4G services on your smartphones, buy HTC Thunderbolt smartphone today.

S Corporation Tax Tips – How To Report Deductions On Form 1120s

If you own an S Corporation, you must file Form 1120S every year to report the income and expenses of your small business. The purpose of this article is to help you properly report all the legitimate expenses you are entitled to take. Like any business owner, you are in business to make a profit. But you also don’t want to pay more tax than required, so read on to make sure you know where to report expenses on Form 1120S.

Form 1120S has three places for you to report your expenses:

1. Schedule A, Cost of Goods Sold. If you sell a product and maintain an inventory, you must calculate your cost of goods sold. Form 1120S provides a special section to do this calculation; it’s called Schedule A, and it’s found on Page 2. This is not an overly complicated schedule, but it must be done right, or you can come up with the wrong amount for what is often the biggest expense for many businesses that sell a product.

After you complete Schedule A, the amount from line 8 of Schedule A must be transferred to line 2 of page 1. Of course, if you don’t sell any product, you can ignore Schedule A.

2. Deductions. This section is located on page 1, lines 7-18. This is where you deduct many of the most common expenses found in any business. There are 12 expense categories for you to start with: compensation of officers, salaries and wages, repairs and maintenance, bad debts, rents, taxes and licenses, interest, depreciation, depletion, advertising, pension and profit-sharing plans, and employee benefit plans.

3. Other deductions. The deduction section described above only offers 12 expense categories. Perhaps you are thinking, “Only 12 expenses! I know my business has many more expenses than that. In fact, most of my business expense categories aren’t even listed on lines 7-18 of page 1.” If that’s you, do not despair. You are not alone, and your situation is quite common. That’s why page 1 has line 19, “Other deductions.” This is where you get to list all other business deductions on a separate schedule. The total from that schedule is then transferred to page 1, line 19.

Here are some of the most common business deductions that you’ll likely include on the “Other deductions” schedule: automobile and truck expenses, bank charges, consulting fees, credit and collection costs, delivery, discounts, dues and subscriptions, equipment rent, insurance, janitorial, laundry and cleaning, legal and professional fees, miscellaneous, office expenses, parking fees and tolls, postage, printing, sales and promotion expenses, security, small tools and equipment, supplies, telephone, utilities.

You will likely have many other categories to include on this schedule. When it comes to reporting deductions, be sure sure to include every legitimate expense you are entitled to write off.

Asean Economic Community (AEC) Free flow of skilled labor

Association of Southeast Asian Nations (ASEAN) is an organization which was incorporated according to Bangkok Declaration. ASEAN is aimed to create stability and development in terms of politics, economic, social and culture among the member States. The members of ASEAN are 10 countries in total, namely: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia. The ASEAN has incorporated the -ASEAN Economic Community- with the objective to promote the single market and manufacturing base within Asia. Moreover, it also aims to freely move products, services, investments, capitals as well as skilled labors between the members within year 2015.

As mentioned previously, one of the co-operations between the ASEAN is free movement or freely flow of skilled labors. As a result, Thailand, as an ASEAN member, has already signed the Mutual Recognition Agreements (MRAs) to facilitate the mutual recognition of the qualification of important professions. The MRAs has indicated the qualification of each profession to accommodate the moving of professions and skilled labor within the member countries. Therefore, the professions’ qualifications have to comply with the standard as specified in the MRAs. However, even the freely move of the skilled labor is the main objective of AEC, the regulations of entry permit and working permit have to still comply with each member countries’ rule, for example, the permit or the license for each profession.

Nonetheless, not all professions are moved freely. As yet, ASEAN has started with seven (7) professions, as specified in the MRAs, which are Doctors, Nurses, Engineers, Examiners, Architectures, Dentists and Accountants. The other professions are still in consideration and have not yet agreed between the members. Therefore, the restricted of 39 jobs to Thai national are still reserved for Thai national with the hope that the future mutual agreement between the member shall come into place.

To effect the above, Thailand has to amend three relevant laws which are currently restricted foreigners to work in Thailand: Alien Working Act, Act of Skill Development and Labor Relations Act.

Besides the freely move of skilled labor, the ASEAN has also stipulated the directions or stages of operation of an ASEAN economic; for example, timeline for tariff reduction and timeline for revoking non-tax measures.

Rachel Pachica blogs about legal issues, as well as blogging in general. She is the Marketing Manager at Siam Legal International, a top tier Law Firm in Thailand.

For related ASEAN news post

Edwards Lifesciences Corporation (EW) – Financial and Strategic SWOT Analysis Review

Edwards Lifesciences Corporation (Edwards) provides products and technologies used for the treatment of patients suffering from advanced cardiovascular diseases. It focuses on specific cardiovascular opportunities including heart valve disease, critical care technologies, and peripheral vascular disease. The company manufactures tissue heart valves and repair products, which are used to replace or repair a patient’s diseased or defective heart valve. The company operates through four business segments namely, Heart Valve Therapy, Critical Care, Cardiac Surgery Systems and Vascular. It has manufacturing facilities situated in the US, Dominican Republic, Switzerland, Puerto Rico and Singapore. The company’s ongoing research and development is engaged in delivering clinically advanced products to enhance the effectiveness, ease of use, safety and reliability of its currently leading products. Edwards is headquartered in California, the US. ( )

Edwards Lifesciences Corporation Key Recent Developments-

Jul 21, 2011: Edwards Lifesciences Reports Net Sales Of $431.2m In Q2 2011 Jul 13, 2011: Edwards Lifesciences Receives 510(K) FDA Clearance For EV100 Clinical Monitoring Platform Jun 24, 2011: Hospitals, Healthcare Providers To Benefit From New Premier Agreements For Invasive Hemodynamic Monitoring Products And Accessories Apr 20, 2011: Edwards Lifesciences Reports Net Sales Of $404.5m In Q1 2011 Apr 03, 2011: Edwards Lifesciences Reports Economic Analysis To Determine Relative Value Of TAVR In Inoperable Patients

This comprehensive SWOT profile of Edwards Lifesciences Corporation provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

– Business description – A detailed description of the company’s operations and business divisions. – Corporate strategy – Analyst’s summarization of the company’s business strategy. – SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. – Company history – Progression of key events associated with the company. – Major products and services – A list of major products, services and brands of the company. – Key competitors – A list of key competitors to the company. – Key employees – A list of the key executives of the company. – Executive biographies – A brief summary of the executives’ employment history. – Key operational heads – A list of personnel heading key departments/functions. – Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company. For more information kindly visit :

Or

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Company Profiles and Conferences Flat A-1901/02, 19th floor, Kshitij Building,Sec-19, Palm Beach Road, Sanpada, Navi Mumbai – 400705, India. Phone : +91 22 2756 1536 Fax : +91 22 2757 9131 E-mail : Website : www.companyprofilesandconferences.com

Asia Pacific Pharma Market Exhibiting Exhilarant Prospective

Asia-Pacific region is emerging as the fastest growing pharmaceutical industry in the global pharmaceutical arena. In recent years, healthcare demand among the regions populations have increased and its low operating costs continue to attract pharmaceutical companies. For instance, GSK, Pfizer along with other pharma companies have opened their manufacturing facilities in South Korea and various other countries of the region. It is also emerging as a powerhouse of pharmaceutical Research & Development (R&D) facilitated by the availability of a vast patient population, quality data, lower costs and skilled manpower. In future, the Asian-Pacific pharmaceutical market is projected to grow at a CAGR of around 10% during 2012-2015.

Research Analysis & Highlights

The report, Asia Pacific Pharma Sector Analysis by RNCOS, which is spread over 160 pages provides an in-depth research and rational analysis of the current status and expected position of the Pharma Market in Asia Pacific. It thoroughly examines all prominent emerging trends and drivers, which are fueling growth to the industrys development. It will provide indispensable information to clients in understanding the market dynamics and to get an insight of the industry at the micro level.

The report presents information on the key competitors in each country in the Asian-Pacific region along with their business details and areas of expertise. It also presents a highly concentrated structure of the market, along with the top players dominating the market. A segment level analysis of the industry along with emerging trends that may shape up with the betterment of economic conditions is also presented in the report. The research will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry.

Some of the reports key highlights include:

– China Pharma Market Thriving Unprecedentedly
– South Korea pharma Market to witness double-digit growth
– Pharmaceutical industry in India Holds Immense Opportunities for Growth
– Booming Medical Tourism Market in Asia-Pacific

For FREE SAMPLE of this report visit:

Some of our Related Reports are:

– Global Telemedicine Market Analysis ()
– Personalized Medicine Market Analysis ()
– Global Regenerative Medicine Market ()
– Emerging Pharmaceutical Markets Globally()

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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.

Abney Associates Predict Mutual Development From China and ASEAN Countries

Set up in 1967, ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. To consider it as one entity, it covers an area of 4.44 million square kilometers and has a population of approximately 576 million.

-Huge amounts of trading goes on between ASEAN countries and China, and has scope for further growth. This offers huge potential for investment opportunities both long and short term,- explained James Carter, Senior Vice President of Mergers and Acquisitions at Abney Associates.

Trade between China and the Association of Southeast Asian Nations (ASEAN) reached a record high of USD $400.9Billion in 2012 and the general consensus is that this has flourished since the launch of the Regional Comprehensive Economic Partnership (RCEP), soon expected to be the biggest free-trade market in the world. Commodities are in huge demand and many different groups of consumers within China have instigated trade amongst ASEAN bloc companies to take full advantage. Trading in chemical, mechanical and transportation equipment products is an area that is especially showing rapid growth and seems to be offering the biggest potential for development.

-This year we have been watching the complimentary growth developing in a hugely encouraging way for industrial cooperation within each ASEAN member’s financial market trading platforms. With half of the consumers in the world and one-third of the global GDP value, we are monitoring extremely closely any progress that will inevitably develop once the RCEP reveal their proposed financial strategies. By doing so we can maximize returns on investment for our clients,- added James Carter, Senior Vice President of Mergers and Acquisitions at Abney Associates.

Although duty-free policies do not directly transpire into a common path for economic growth, the zero tariff policies are showing signs that they are working as intended. The policies were aimed at developing industry chains and also providing complimentary advantages amongst trading partners. It is evidently working well and is creating opportunity and that seems to be, not just the general opinion but also the reasoning as to why this is drawing the attention and interest from the senior VP at Abney Associates.

Abney Associates are a Hong Kong based company that provides a range of financial services to individual clients, portfolio companies, corporate investors and entrepreneurs who wish to take unbiased financial advice.

Abney Associates are primarily a team of financial specialists who pride themselves on having a high level of expertise and vast experience for diligently monitoring any positive or negative developments to companies currently listed on exchanges globally, especially those that may affect client investment interests. This is done in order to ensure the financial advice given is factually correct and delivered in an effective way.

Economics Tuitions For A Level Students In Singapore Give High Grades

For many students in junior college, some of the subjects may be difficult to follow and Economics is considered tough for many of them. Fortunately in Singapore, there are several experienced professors who provide coaching classes for pupils who need better explanation of the concepts. In fact, such coaching classes are becoming popular in Singapore especially when the tutor is competent enough.

Tuitions in Economics

Singapore coaching classes are benefiting several students; hence even, A level Econs students are opting for private coaching. There are innumerable advantages of taking coaching classes privately for the subjects they are weak in. Firstly, the tutor will be able to provide individual attention to the students because it is a small group. The child can clear doubts without hesitation and the teacher has the time to explain it properly until the student understands. Tuition for A level students are beneficial as they perform well after attending these classes because the tutors can provide personalized attention and adopt techniques suitable to a particular child. When concepts are understood, the student is motivated to do better. Consequently, the students confidence level increases.

A Level Tuitions in Economics

Enrolling in A level Economics coaching classes is becoming a norm in Singapore. Parents want their wards to perform well in their studies; although the subject is optional at the junior college, many students choose it. At this level, they can opt for H1 level or H2. Unless, a student has an aptitude for it, he/she will find the subject difficult. Therefore, students have to choose the level according to their capabilities. Since essential concepts have to be understood from the start, H2 Economics tuition is advisable for better comprehension and to enhance classroom learning. English Tuition Teacher will be able to explain the concepts that pupils have not understood clearly in a relaxed environment; this is not possible in the classroom. The weaknesses of students can be addressed at the coaching class which will help them clear basic doubts and understand theories better.

Tuitions at Junior College

Many students face difficulties during their changeover from Secondary school to JC. This is mainly due to the subject combinations that they take. Most junior colleges expect students to take only a single subject at the H1 level and three at the next level. In order to get admission into a reputed University, they have to perform well. If the student does not have a very good foundation, it is advisable to take JC tuition which will provide the groundwork and help in attaining the goals they have set. The important thing to do is to identify weaknesses and let the tutor know about it. Do not let peer pressure or any such issues take over because the goal should be to perform well at the examinations so that a seat at the University is attainable. Hence, private tuition can only help pupils in all respects.

Special Economic Zone India Growth And Social Development

Special Economic Zones are geographical regions that have economic laws that are usually a step to increase foreign direct investement in the country. These are created as open markets within an economy that will be under governments regulatory controls.

Many developing coutries are looking towards the SEZs with the expectation that they will provide the engines of growth for their economies to achieve industrialization. To attract FDI and to increase exports that in a way will accelerate the countrys economic growth.

Unlike most of the international instances where zones are primarily developed by Governments, the Indian SEZ policy provides for development of these zones in the government, private or joint sector. This offers equal opportunity to both Indian and private developers.

Besides providing state-of-the-art infrastructure and access to a large well-trained and skilled work force, the SEZ policy also provides enterprises and developers with a favourable and attractive framework of incentives

since these Special Economic Zones (SEZ) attract investment, generate export revenues and create manufacturing jobs they are given income tax exemptions, FDI is permitted through automatic route, no cap on FDI for small scale industries.

Other benefits include no requirement of import licence, exemption from custom duties and central Excise duties, profits allowed to be repatriated.

SEZ brings capital in the form of FDI which is badly a necessity for a developing economy. It brings along with it roads, ports,airports, machinery to sustain growth. The important thing is creating employment opportunities.

SEZ creates immence employment opportunities. They create lot of indirect employment in terms of labour required. It also has also potential in creating employment in relevant industries.

SEZs help in creating balanced economic growth in a country. It leads to tapping of local talent and contributes economic activity.

While special Economic Zones drastically improve economic activity in the country. But there are a few challenges that needs to be addressed like special Econmic zone are accused of bringing down agricultural activities, great threat of land grabbing and real estate mafia can greatly affect the future of SEZ.

SEZ should be properly managed for rapid economic growth that leads to profitable and sustailabe development. Liberal tax policies and regulations will attract foreign investement and major industrie.

On the other hand government should frame it policies in such away that it should attract FDI and at the same time it should also ensure that the Special Economic Zones should not become a cause of concern.