Archive for the ‘White Collar’ Category

Help for veterans

Tuesday, July 27th, 2010

As we know, Humans need between one to another. As social creatures it is very natural. Every our human life, no one could ever live alone; we must need someone or some groups to help us. So did the veterans who had fought for his people. The sacrifices they have done are not for them alone but they do it for many people sake. They help because they feel they have the nation and the State. Here we can help them to have better lives. If you have a good spirit of togetherness, and have excess property, realizing you can help them with many ways, example you could give car Donation for them.

Car Donation Charities will help them in their future life, they might have the car, but with your donation, it would easier the veteran’s life. Maybe we cannot become like those who sacrificed lives for the country, but we can help the State to assist them. Illinois State Council has been dedicated to supporting the Veterans life and Their Families for over 25 years. Therefore, by car donation Illinois, we help the state and for them who has fought for the state. Your donation will help them who have given us so much.

What is Workers Compensation Funding – Workers Comp Loans?

Friday, June 25th, 2010

Workers Compensation Funding is actually cash advance against your pending workers compensation settlement, claim or lawsuit. These are non recourse workers comp loans which you pay back only when you win or settle your workmans comp case, claim or lawsuit. If you lose your case or claim you need not to pay back to workers compensation loan funding company. It is also called as workmen comp loans, and workmens comp settlement loans.

What is Workers compensation or Workmans comp?

In our country, Workers compensation, Workmen Comp or Workmans comp is a state-mandated insurance program that provides compensation to employees who suffer job-related injuries and illnesses. Federal government administers a workers comp program for federal and certain other types of employees.

Each state has its own workers compensation or workmans comp laws to handle claims from employees who are injured on the job. While most injured workers recover quickly, those more seriously injured may have difficulty with their employer or with the workers compensation system. Those may need help of an expert workers comp. attorney to file a lawsuit.

The bitter truth about workmens compensation settlement or claim is that, even if you win your claim or settlement, you may lose because the money comes too late. But workman compensation funding or workmens compensation loans give you the breathing time to wait for a fair workers compensation settlement or claim. It is not just the money you get when you receive workers compensation funding. But a workmans comp loan in time helps to take away emotional stress of you and your family.

Most workers compensation loans funding companies will not fund a Workmans comp. settlement, claim or lawsuit if the state statute concerning direction of payments requires the claim to be paid directly to the claimant and not first to the trust account of claimant attorney. These states are: AR, AK, CA, DC, HI, KS, KY, MA, MD, MN, NC, NJ, NV, NY, OR, PA, TX, UT,VA, WA, WI. But Third Party Liability lawsuits are funded by lawsuit funding companies in every state except in Ohio.

Third Party Liability Lawsuit:

When an employee is injured in the course and scope of employment as a result of a negligent third party, the employee has the right to pursue a claim or lawsuit against the third party in addition to pursuing a workers compensation claim. For example, a postal worker bitten by vicious dog of a customer, a work place injury caused by a faulty machine supplied by a vendor.

If you are involved in a Third Party Liability lawsuit you can get a lawsuit cash advance. It is called lawsuit funding or often referred as lawsuit loan, litigation financing, pending lawsuit loan, lawsuit advance funding and personal injury lawsuit funding.

When you get workers compensation funding or workers comp loan you are not taking any risk. These are non-recourse loans, which you pay back only if you win your workers compensation case or workers comp claim.

It is a bitter reality of workmens compensation settlement claim or lawsuit. You may have a strong workmen comp case or lawsuit and a great attorney representing your case, but the insurance companies can afford to wait. But you can not, you need money now. Without a workers compensation funding or workmen comp loan, you may have no choice except to settle your claim for whatever you can get.

But with workmen comp funding or workman comp loans, you also get the advantage of some deep pockets yourself if you get your workers compensation funding or workmen comp loan from a good and solid lawsuit funding company. A solid workmen comp funding company is always backed by vast institutional funds. So you will not have to accept too little too early from the insurance company that provides your workers compensation coverage.

There is no reason to settle for less than your workers comp claim or third party liability lawsuit is worth. Eliminate the need to accept a minimal settlement amount due to personal financial pressures, and get the fair and just settlement you deserve. Workers compensation funding or workmans comp loan, from solid workmen comp funding company empowers plaintiffs to pursue their Workmens compensation claim or third party liability lawsuit cases in order to get the maximum settlements they deserve.

Paul Sherman is a Legal Funding Consultant.He offers free, professional, and independent advice to plaintiffs (incl. business owners) & Attorneys. To get
Lawsuit Loan & Workers Compensation funding please visit http://www.easylawsuitfunding.com

Foreign Business Law in Thailand

Tuesday, March 23rd, 2010

With highly sophisticated infrastructure and free enterprise economy, Thailand – officially the Kingdom of Thailand – attracts many foreigners to set up and conduct innovative businesses. However, in order to invest or conduct a business in Thailand, a foreign investor is required to comply with certain laws and regulations. Al though they are sometimes complicated, these regulations are straightforward and not problematic.

The laws regarding foreign business laws in Thailand are governed by the Foreign Business Act, B.E. 2542. In other words, the Foreign Business Act 1999 (FBA) is the most significant law that oversees major foreign-owned businesses in the country. Published on December 4, 1999 in the Royal Government and came into existence with effect from March 3, 2000, this Act actually replaced the Alien Business Law, otherwise known as the National Executive Council No. 281, which was enacted in 1972.

The Foreign Business Act 1999 has been developed to provide the country with a modern as well as effective legal framework that enables foreign investors to invest in large scale. According to the Foreign Business Act, a company is regarded foreign, if it complies with following regulations such as:

- The entity not being registered in the country
- A registered or a limited partnership entity with non Thai managing partner
- Al though the entity is incorporated in the country, foreign shareholding is half or more than half of the overall shares of the company
- Over half of the firm’s capital fund is derived from a person who is not of a Thai nationality

As per the Foreign Business Act, the businesses have been categorized into three categories, such as Category A, Category B, and Category C. Under the Category C, foreign individuals are completely restricted from starting certain business for some special reasons, and some of them are newspaper publication as well as television or radio business firms, livestock business, wood processing business, business in connection with the Thai herbs, trading of antique or any items of historical significance, manufacturing of the images of Lord Buddha, and land business.

As in the case of the Category A, the Category B also prohibits foreigners from investing in certain types of businesses. Among these businesses are businesses that may affect the safety as well as security of the national, such as, manufacture and sales of items like gun powder and explosive items; businesses that may affect the art and culture of the country like manufacture of wood items, manufacturing of earthenware items, silkworm rearing, orchard farming, and laundry services; and businesses that may affect natural resources of the country, such as, manufacture of sugar from sugarcane, mining of rock salt, and processing wood to build furniture as well as utensils. However, such businesses may be conducted if the entity can gain the approval of the Board of Investment.

When comes to the Category C, it allows foreign firms to invest in certain types of businesses, provided they get approval from the Committee. Included in this category are farming of rice as well as production of flour, business in connection with fishery and forestry matters, mining, manufacture of glass containers and crockery, lime production, accounting and legal service businesses, and architecture and engineering related businesses.

A foreigner interested in investing as well as conducting any of the business specified in the Category C is required to submit an application with the Department of Commercial Registration in order to receive a license, namely, Alien Business License, before starting any business activity in the country. This license would be valid for a stipulated time period, and would be further subject to certain conditions.

However, for a foreigner or an alien company to apply for Alien Business License, the Ministerial Regulations, as per the Section 8 of the Law, has put forward certain conditions, of which some of them are the overall debt in connection with the financing of the business should not exceed seven times the capital possessed by the proprietors, partners, and shareholders of the business; money brought from abroad should not be less than the amount that has been declared as capital investment for the business in Thailand; and the number of Thai as well as alien directors must be in accordance with the capital held.

A plethora of law firms and other related service providers are in the scenario to help foreigners in dealing with complicated laws in connection with the foreign business registrations.

For nearly 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. We provide international standards of legal services while retaining the customs of the Thai business culture.

The Fairness of Limited Liability

Monday, December 28th, 2009

Limited liability is one of the most successful commercial creations of all time, almost singularly responsible for the growth and expansion of capitalism. Encouraging risk and promoting successful enterprise through both small and large businesses alike, limited liability has been the driving force behind economic success in the Western world and is one of the most celebrated legal creations of all time. But what is it about limited liability that makes it so successful? Indeed, is the structure of limited liability fair as regards creditors, who ultimately bear the brunt of this mechanism?

Limited liability in general means a sacrifice of privacy in return for the benefit of limited personal liability. In layman’s terms, this means that the company promoter is not personally liable for any of the company’s debts, thus encouraging risk and promoting enterprise. For most small businesses, it is a lifeline, and without it the economy would level out and stifle with fewer new start-ups each year. At the back end, however, these businesses leave behind a trail of debts that ultimately result in financial loss for lenders and those that operate on credit terms. This raises the general question of whether limited liability as a creation is fair for the creditors it so apparently prejudices?

Limited liability has given life to companies across the world, by providing the reassurances necessary to entrepreneurs to take the risk, safe in the knowledge that personally speaking they should come out unscathed. From this, more companies have grown and flourished, which has led to more jobs and better state welfare for virtually all capitalist economies. The strength of this function has gone a long way towards building the great superpowers, and is seriously underestimated as a legal construct.

Limited liability leaves a gap in the pockets of those companies that lend money or offer their customers credit terms during the course of their business. As a consequence of the promoter’s ability to walk away with his hands clean, many businesses find the squeeze of bad debts too severe, and end up having to take on credit of their own to meet the shortcomings. In theory, limited liability leaves creditors in a weak situation, with relatively limited powers to regain the full amount of any monies due.

In reality, limited liability doesn’t operate in that way. Of course, many businesses go under every year as their owners walk free of encumbrance, but generally speaking the economic world does not work between insolvent companies. However, the flexibility allowed by limited liability has meant debt in a sense has become effective currency, and has helped businesses to survive during tough times, and to seek the financial help necessary without the appropriate risk.

Limited liability might be seen as slightly unfair at the razor’s edge, but it works all round to ensure that everyone has access to credit and the benefits of limitation of damages when it is necessary. Ultimately, it promotes a more competitive, lower-risk environment within which business can flourish and economies can grow and multiply, providing jobs and economic strength to nations embracing its basic form. As legal fictions go, the limited company has undoubtedly prove itself to be one of the most popular ever created, and its growth looks set to continue as it is developed and refined across the world.

Dispute Resolution
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