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BUSINESS INTERNATIONAL
Business International: Global Approaches to Corporate Entities
Lease is used to acquiring special property rights so that the beneficiary can attain an asset (Merrill, 2020). Various types of leases have their specified policies and details, which the involved parties have to abide by. Since it is a special agreement, the legal commitment and ownership have to be looked into carefully. This paper aims at reflecting upon a selected countrys lease agreements, distinguishing between a corporate entity and sole proprietors, and the extent to which the countrys government identified and enforced the rules for corporate social responsibility.
Enforcement of Lease for Real Property
Germany enforces its lease for real property in two ways. The commercial property is leased for a fixed term, for instance, ten years or an indefinite time that could be decided by the two parties (Will & Emery, 2020). The lease agreements for residential properties could be decided for an unlimited term so that the termination rights for the tenant and the landlord could be specified. The restrictions in termination rights are also formulated for protecting the tenant when a residential property is concerned.
These agreements include installing certain facilities, such as telephone lines and internet connections in Germany. A written official agreement is created to register these facilities so that the property can be equipped with encumbrances (Will & Emery, 2020). The local building authorities would have to comply with the local laws. To avoid confusion, the public registers could elucidate federal laws for installation and investors real estate acquisition matters.
Difference between Corporate Entity and Sole Proprietorship
The differentiation of a corporate entity and sole proprietorship is done easily in Germany since sole proprietorship is the most common business type in the country (Steem It, 2016). The country even considers freelancers or self-employed persons as the sole proprietors as they own their particular type of work and are involved in some trade....…laws (Hi4CSR, n.a.). It was prioritized since the issue is gaining more importance in each coming day. Companies from various countries and cultural influences operating in another country, like Germany, must abide by the host countrys socially and ecologically responsible regulations (Katharina, 2012). CSR creates a greater impact on the consumers and the profitability earned by the companies because they create an image in the eyes of their customers that they care for them and their living environment and do not mean to harm them by using their social resources.
Germany has even taken considerable care of the cross-border CSR strategy so that national human rights are not violated. For this matter, UN guiding principles are kept in line with the German CSR policy for providing the framework for the cross-border firms to operate accordingly. Most of the part of the CSR strategy is voluntary for the companies. However, implementing the human rights CSR strategy is mandatory, particularly by 2020, with the rightful due…
References
Federal Ministry of Labor and Social Affairs. (n.a.). CSR policies in Germany. https://www.csr-in-deutschland.de/EN/Policies/CSR-national/CSR-Policies-in-Germany/csr-policies-in-germany.html
Hi4CSR. (n.a.). Corporate social responsibility in Germany. http://www.hi4csr.com/en/blog/corporate-social-responsibility-in-germany/
Katharina, H. (2012). Corporate social responsibility in Germany and other countries. The 6th Balkan Region Conference on Engineering and Business Education,
The 5th International Conference on Engineering and Business Education & The 4th International Conference on Innovation and Entrepreneurship. https://doi.org/10.2478/cplbu-2014-0059
Merrill, T.W. (2020). The economics of leasing. Journal of Legal Analysis, 12, 221-272. https://doi.org/10.1093/jla/laaa003
Steem It. (2016). The different legal company forms in Germany- an overview. https://steemit.com/business/@mariusschober/the-different-legal-company-forms-in-germany-an-overview
Will, M. & Emery. (2020, January 3). In brief: Real estate acquisitions and leases in Germany. Lexology. https://www.lexology.com/library/detail.aspx?g=a25d23a2-b48e-4036-aba1-97e9cf8f3a97
Corporate Social Responsibility There are various definitions aiming to explain what Corporate Social Responsibility (CSR) signifies. Because of the many ways in which this concept is interpreted by the millions of companies around this country, and the world, there is no consensus as to what CSR could truly mean. In other words, definitions vary depending upon the field examined, and the impact of a business' actions. Yet CSR is of vital
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Sole Propriatorship Sole Proprietorship Changing a company organization from a sole proprietorship to an LLC Advantages By converting to a Limited Liability Company, an organization is entitled to a number of advantages in the form of benefits. The owner of a business is entitled to receive protection of the entire business unlike in the sole proprietorship. The informality of the business structure is kept under check even with this transformation. As a sole proprietor,
Sole Proprietorship Before Referencing Family business structures In businesses that involve numerous members of the same family, the preferred business choice of conduct is the partnership. What advantages may occur for the family members by conducting business in this form? One of the advantages of constructing a joint proprietorship or partnership for a family business is that unlike a sole proprietorship, liability is divided equally between all family members.In other words, if the
Business Types L. Jones Sole Proprietorships, Corporations, and Partnerships: Just what are they? One of the first decisions any individual or group of individuals must consider when starting or joining a business, is the legal form the entity will take. In the United States, as in many other countries around the world, the three main forms of business structures are the sole proprietorship, the corporation, and the partnership. Further, each type carries with it