Business Entities Case Study Example | Topics and Well Written Essays - 500 words

Business Entities - Case Study Example This is especially important in the aviation industry since the risk of loss is considerably higher as the investment is higher. Therefore if the company faces any loss, Stanton would not have to bear the loss from his individual pocket. Most entities formed in the aviation industry as limited liability companies because of this main reason (Speciale, 2006). Another benefit of his form of business entity is that Stanton can choose this own tax paying option. As a member of the LLC, Stanton can chose to either be taxed as a sole proprietorship as he was doing before of he can choose to be taxed as partnership or a corporation. Since Stanton would have to pay low taxes as a sole proprietor given the current tax rates, he should opt for taxing his LLC as sole proprietor (Speciale, 2006). However, turning the business into an LLC is not without its cons. Stanton would have to face certain disturbances in the business. This primarily includes filing the proper paperwork for turning the company into an LLC which is a long process. Changing the company from sole proprietorship to Limited Liability Company also requires certain investment and the company is no longer a small company operated by one single owner. Also when new members would enter the business, the paperwork for the company would naturally increase as for every major decision, written approvals from the members would be required (Speciale, 2006). Apart from this, Stanton, by choosing to form an LLC would require new members to join the company. This, in turn, would mean loss of full control over the company. Right now, Stanton is the only investor, manager and controller of the business and therefore he can make any decisions regarding the business. However, when new members will bring their investment in the business, they would demand certain control over the business. As a result, control over the decision making process would be shared (Speciale, 2006). Also Stanton would now

Comparing Leadership in Military and civil work Place Essay

Comparing Leadership in Military and civil work Place - Essay Example It also discusses the leadership styles and how the followers can accept them as a leader, as well as the advantages and disadvantages of the two kinds of leadership opportunities. Leadership in the Military Vs Leadership in the Civil Service Bureaucracy According to Laver & Mathews (2008), military leadership involves persuading others to achieve the mission through provision of purpose, course and inspiration. Military leaders lawfully exercise authority over the subordinates based on grade or position in the organizational structure. They have a responsibility of ensuring that the mission is accomplished and that the welfare of the subordinates is maintained. The organizational structure of the military leads to bureaucratic leadership whereby significant procedures guide the military operations. There is a hierarchical structure from the top where the senior most staff is positioned to the bottom where junior officers are found. In other words, the structure represents a chain of command, which is a significant and most fundamental strategy for the accomplishment of organizational goals (McLaughlin & Osborne 2002). In bureaucracy, authority is distributed through statutes, bureaucratic systems as well as the positions of people in the hierarchy, which are defined by the particular office that the person holds. There are usually rules that govern the conduct of individuals at all levels, which are important in enhancing harmonious relations in the workplace and the maintenance of justice and equality not considering a person’s background. Lynn (1998) observes that consistency is maintained while on the other hand it is possible to avoid and deal with potential risks. People are safe guarded against injustices. However, bureaucracy in the contemporary civil workplace is slowly being displaced by the concept of new public management which focuses on the quality and effectiveness of service delivery rather than organizational structure. Military leaders may find difficulties in adapting to the new public management (Owen, 2003). Leadership Communication Leadership communication is significant for the accomplishment of the goals of leadership. It involves eloquence in expressing the ideas of the leader to the subordinates. In a military organization, effective leadership communication determines the relationship between the leader and the subordinates (Hersey et al. 2007). Helps the leader to effectively persuade his/her subordinates to adopt new ideas for the accomplishment of tasks. Efficient communication in the military enhances interactions between leaders and the subordinates, which is significant in the identification of problems and finding viable solutions especially due to the risky tasks involved in the military. Military leaders communicate the needs of their subordinates to those in higher ranks thereby generating confidence amongst the subordinates especially with the realization that their needs have been put in to co nsideration. A leader who effectively communicates with the officers in the lower cadres generates loyalty and enthusiasm in the force. Loyalty is fundamental in the success of the military (Laver & Mathews 2008). Similarly, effective leadership communication in the civil service is significant in maintaining credibility and ability to generate positive perception amongst workers. The leader is capable of establishing useful links with important stakeholders, which is necessary for building strong collaboration for