Business Assets, Estate and Wealth Planning Essay

Business Assets, Estate and Wealth Planning - Essay Example Succession planning of the business is an important consideration. Bearing in mind the time it takes, the intricacy, and may be the conflicts that may result. The period during which it occurs along with the transfer issues that arise mandates that it is addressed by the business owner. It is vital as it aids in preparing for a smooth departure, and ensure the business conitnues to run for the the customer’s sake. If the business owner wishes to maintain some mandate over the business, then it is the best way to iron out the plan (Goel, 2009). The strategies through which the owner will protect and insure the business are a consideration that help protect the business properties from loss. The cosideration can be used by the owner to resolve financial issues that come up in the course of running the business. Thrugh the consideration, liquidity for taxes like estate taxes is availed and help in decreasing debts. Debts are reduced through the provision of cash flow needed to uphold the business regime (Mentz, 2009). Many business owners fail to outline their stock choice and rules. Hence, in the course of running the business, when they need funds, say to fund vested choices, their selections are limited. Thus, the stock choice planning is a consideration that a business owner should regard. It helps in the execution of ways to create cash and diversify the business fund source (Goel, 2009). A catalogue of account titles harmonized against the transfer strategies is a consideration that aids in planning for the business owner while living and at death. If a business has an improper titling of properties, it may hnder the utilization of trusts, which can avail substantial tax remunerations. Hence, the catalogue is a consideration that cannot be assumed as it helps the business to evade probate and makes sure the business possessions are awarded to the

Identity, belief and contrast between deontological and teleological Essay

Identity, belief and contrast between deontological and teleological ethical systems - Essay Example Teleology, on the other hand is the philosophical study of design, purpose, directive principle, or finality in nature or human creations. Teleology traditionally is contrasted with philosophical naturalism, which views nature as lacking design or purpose. Two classic examples of these opposing views are found in Aristotle and Lucretius, the former as a supporter of teleology and the latter as a supporter of what is now called philosophical naturalism. Apart from these two ideals there are the seven major ethical systems that are regarded as the most ethical of the ethical systems. These are Relativism, Kant's Categorical Imperative, Utilitarianism, Commandments of God, The Children's Ethics, Darwinian Ethics and Rousseau and Nietzsche's idea of will and ideal. Relativism is the ethic of no ethics. It is considered good in educational circles to make studies, especially of controversial topics, "value-free". Whereas, Kant's Categorical Imperative says that to behave ethically, you must act so as to be happy for your actions to be examples of general laws. Similarly, Utilitarianism represents all ethical theories where the goal is maximization of some measure of goodness.