An Update About Deforestation in Canada

Deforestation, or the loss of forests, is progressing at a fast pace worldwide. This issue gets much attention in tropical regions where rainforests are converted to agriculture, but large swaths of boreal forests are cut each year in colder climates. Canada has long enjoyed an excellent standing in terms of environmental stewardship. That reputation is being seriously challenged as the federal government is promoting aggressive policies on fossil fuel exploitation, dropping climate change commitments, and muzzling federal scientists. What does Canada’s recent record on deforestation look like? An Important Player in the Global Forest Picture Canada’s use of its forest is significant because of the global importance of its wooded lands – 10% of the world’s forests are located there. Most of it is boreal forest, defined by stands of coniferous trees in subarctic regions. A lot of the boreal forest is far from roads and this isolation makes Canada the steward of much of the remaining primary or â€Å"pristine forests† not fragmented by human activity. These wilderness areas play important roles as wildlife habitat and as climate regulators. They produce large amounts of oxygen and store carbon, thus reducing atmospheric carbon dioxide, which is a key greenhouse gas. Net Losses Since 1975, about 3.3 million hectares (or 8.15 million acres) of Canadian forest were converted to non-forest uses, representing about 1% of the total forested areas. These new uses are primarily agriculture, oil/gas/mining, but also urban development. Such changes in land use can truly be considered deforestation, as they result in permanent or at least very long-lasting loss of forest cover. Cut Forests Does Not Necessarily Mean Lost Forest Now, a much greater amount of forest is cut each year as part of the forest products industry. These forest cuts amount to around a half million hectares a year. The main products issued from Canada’s boreal forest are softwood lumber (typically used in construction), paper, and plywood. The forest products sector’s contribution to the country’s GDP is now only slightly more than 1%. Canada’s forestry activities do not convert forests into pastures like in the Amazon Basin, or into palm oil plantations as in Indonesia. Instead, forestry activities are done as part of management plans prescribing practices to encourage natural regeneration or the direct replanting of new seedling trees. Either way, the cutover areas will return to forest cover, with only a temporary loss of habitat or carbon-storing capabilities. Around 40% of Canada’s forests are enrolled in one of the three leading forest certification programs, which require sustainable management practices. A Major Concern, Primary Forests The knowledge that most forests cut in Canada are managed to grow back doesn’t detract from the fact that primary forest continued to be cut at an alarming rate. Between 2000 and 2014, Canada is responsible for the greatest total loss, acreage-wise, of primary forest in the world. This loss is due to the continued spread of road networks, logging, and mining activities. Over 20% of the world’s total loss of primary forests occurred in Canada. These forests will grow back to, but not as secondary forests. Wildlife necessitating large amounts of land (for example, woodland caribou and wolverines) will not come back, invasive species will follow the road networks, as will hunters, mining prospectors, and second-home developers. Perhaps less tangibly, but just as importantly, the unique character of the vast and wild boreal forest will be diminished. Sources: ESRI. 2011. Canadian Deforestation Mapping and Carbon Accounting for Kyoto Agreement.Global Forest Watch. 2014. World Lost 8 Percent of its Remaining Pristine Forests Since 2000.Natural Resources Canada. 2013. The State of Canada’s Forests. Annual Report.

Jamba Juice - 1403 Words

Jamp;J pharmaceuticals has a lot of opportunities as health care industries are not dependent on the financial industry, where as the financial industry is dependent upon the stock market. As the economy is dwindling jobs in that industry are also dwindling or scarce. The more scarcity of the jobs means that more people of the open market and qualified people will take the entry level jobs, where as the pharmaceutical industry is driven by healthcare. Unhealthy volunteers participate in clinical trials to improve upon conditions that have already been sustained. For instance there is no cure for cancer so Jamp;J is trying to come up with ways to prolong patients life alongside to giving them a pain free life. Working in this field†¦show more content†¦Since 1887, Johnson and Johnson has been producing, manufacturing and selling products related to human health and well-being. Today Jamp;J has over 200 autonomous operating companies and do business globally specializing i n consumer products, medical devices and diagnostics, and pharmaceuticals. Consumer products are the companys most recognizable segment, including popular brands like Tylenol, Johnson and Johnson Baby Shampoo and Band-Aid. The medical devices and diagnostics segment manufactures products including surgical equipment and contact lenses. The largest of the three segments is pharmaceuticals. Johnson and Johnson is poised for growth on many fronts. Their short-term outlook is bright due to a lead position in the drug-coated stent market. They should also see a substantial increase in prescription drug sales from the recently enacted Medicare regulation, which will grant prescription drug coverage to more Americans. In the long run, Jamp;J should see consistent sales growth fueled by the aging demographics in the United States. Moreover, the medical supplies and services needed by the elderly population will increase simultaneously with the aging of the large baby boomer population. Whi le there is no doubt that Jamp;J is a corporation that has gone a long way and due to its reliability, culture andShow MoreRelatedAn Essay on Jamba Juice10168 Words   |  41 PagesIntroduction Our product is Jamba Juice and our target country is Spain. We chose this product because it has grown to become one of the nation’s best-known smoothie chains, emphasizing the benefits of a healthy lifestyle and because the company is looking for international expansion opportunities. We chose Spain as our target country for expansion of our product due to its current economic status and economic growth forecasts for the future. 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How Slavery And Colonialism Have Shaped Modern Societies Free Essays

Introduction Slavery is a system involving the treatment of people as commodities or property, traded often for the purpose of forced labour. This practice precedes written record having existed in numerous cultures. Most notable in its scale was the slave trade in the pre-industrial societies with the most significant being the trans-Atlantic slave trade (Eltis and Engerman, 2000). We will write a custom essay sample on How Slavery And Colonialism Have Shaped Modern Societies or any similar topic only for you Order Now Slaves mainly from the western and central Africa were sold by African slave merchants and tribal elders to European slave traders to be exploited in an inexpensive labour force. They were then transported to colonies in North and South America and forced to work on plantations of coffee, tobacco, cocoa, cotton and sugar; in the rice fields; in the construction industry; in silver and gold mines; and/or served in houses working as servants (Eltis and Engerman, 2000). Colonialism refers to the establishment, acquisition, maintenance, expansion, and exploitation of a territory by people of other territories or their agents. A colony refers to the territory controlled by another state or its agents. Colonialism describes a set of unequal relationships between colonial power and the colonists on one hand, bearing upon the colony and indigenous population on the other. The period from the 14th to the 19th centuries was an era characterized by European colonialism in which several European powers particularly Portugal, Spain, France, Britain, and the Netherlands established colonies in Asia, Africa and the Americas (Cooper, 2005). Both of these pursuits were designed to strengthen the home country through agriculture and economic exploits through the participation in international trade and exploitation of new lands, among other resources for capital profit in competition with rivals primarily under inter-capitalist rivalry for capital accumulation. They were particularly important in the economic development of capitalism (Ferguson, 2003; Getz and Heather, 2010). This paper seeks to establish if slavery and/or colonialism shaped modern societies and if so, in what ways. In consideration of the contribution and influences of slavery and colonialism in shaping modern societies, industrial capitalism, which consequently undid the dependence on slave trade, the gradual economic change, and the cumulative effect of consequent economic and political developments have significantly shaped modern societies in the global arena (Getz and Heather, 2010). It obtains therefore that in the long term slave trade and colonialism contributed to the development of capitalism which has resulted in the continued dominance of international trade and politics, given their strong economies and political maturity. Consequent impacts of slavery and colonialism ventures on modern societies include: unequal social relations and racial inferiority; neo-colonial dependency; distorted economies as well as massive poverty, particularly of the colonies, especially in Africa. In positive light, the pursuits of slavery and colonialism created effective conduits for commerce both at sea and on land with improved infrastructure and technological progress, as well as in the spread of languages, literature and cultures which has contributed to modern day globalization (Henry and Sangeeta, 2004; Ferguson, 2003). The modern capitalist economic system Capitalism is basically an economic system in which investment of capital (or money) is used to produce profits. Factors of production such as land, communications, factories and transport systems are privately owned by either individuals or corporations trading in a ‘free market’ whose main feature is competition (Hobsbawm, 1999). Historians debate the contribution of slave trade and colonialism to modern economic development with some having the view that the capital required came from within through industrial development. However, others argue that these predominantly commercial pursuits, driven by rivalry in the quest for capital accumulation and imperialism (international dominance), were the essential components in the development of the globally dominant capitalist economy (Cooper, 2005; Henry and Sangeeta, 2004). The industrial revolution and economic growth The processing of raw materials and profits from plantations sourced from colonial territories and produced predominantly through slave labour gave rise to industrial development and the creation of employment, increasing general prosperity and significantly enhancing the economies of the Western nations (Eltis and Engerman, 2000; Ferguson, 2003). The industrial revolution was backed significantly by the easing of credit facilities of new industrialists suffering from the lengthy turnover time with credit offerings which are a vital factor. This was enabled by offerings from the success and profits from ventures and principally, financial bills backed by plantation products like sugar and tobacco which became a form of money and went into circulation, filling the absence of sufficient credit and lending institutions required for industrial development (Eltis and Engerman, 2000). Through this set of events, it is clear that slavery and colonialism led to the development of the modern capitalist economy. The industrial revolution and profits obtaining from the exploits of this era were substantial with the recipients becoming very rich and gaining power in the political and social spheres, thereby challenging the dominance of monarchies at the time (Rud?e, 1972). Growth in capitalism led to the emergence of economic institutions which provided security to property rights and to the broader society enhancing investments. These institutions were also the result of the development of political institutions which served to constrain the power of the monarchies and allied groups (Rogowski, 1989; Hobsbawm, 1999). Through this, Britain and France, which were farther ahead in economic development ushered in industrial development and parliamentary democracy with attendant liberties, structures and processes which exist and serve the modern society globally to this day (Ferguson, 2003). Globalization and migrations Other benefits and significant impacts that this trade and commerce has had on societies today include improved infrastructure, technological progress, and the opening up of territories around the globe which have been fostered by capitalist democracies; as well as the spread of languages, literation and culture internationally (Hobsbawm, 1999). These have been significant in fostering globalization. Most manufacturing towns and cities, trade routes and sea ports that were developed during this era are still in service in international trade. Also noteworthy is the fact that travel and migrations have resulted in changes in ethnic compositions of countries, particularly those of colonisers and colonies such as the Americas (Getz and Heather, 2010). Racial inferiority, dependency and distorted economies There are however significant negative impacts that these developments have had which are evident in modern societies including unequal social relations which result in racial inferiority; neo-colonial dependency; massive poverty; and distorted economies among others (Getz and Heather, 2010; Henry and Sangeeta, 2004). The dominance of Western nations in the global economy as established through these exploits and organized under capitalism has resulted in inequalities among nations and peoples across the globe. This is enhanced by imperialistic tendencies and neo-colonial dependency characteristic in the relationships of colony states with their colonizers, as well as neo-colonialism (Gallaher et al, 2008). This has resulted in unequal social relations globally and racial inferiority, which in part are consequences of massive poverty and distorted economies in most former colonies. This is illustrated in the neo-colonial dependency of colony states to former colonizers which still exists in modern societies and the distorted economies. When one society finds itself forced to relinquish power to another society, it finds itself in a form of underdevelopment, a subordination that continues to be felt in modern societies (Gallaher et al, 2008). This can in part explain the fate of African and Caribbean states which are characterised by massive poverty and socio-psychological disorientation. Underdevelopment has led to social stratification and geographic disparities due to the belief and perceptions of peoples, such as those of the developing world as being racially inferior to the better-endowed peoples of the Western world. Generations of descendants from slavery continue to be affected by prejudice and bigotry and limited opportunities (Getz and Heather, 2010). Conclusion The view that slavery and colonialism has shaped modern societies has been elucidated and the ways in which this influence has occurred has been discussed. It is considered that the capitalist economic system of the modern world arose from exploits associated or resulting from slave trade and colonialism which has led to the economic divide between the Western world states with those of the colonised, especially the African states. This has led to neo-colonial dependency, social stratification and geographic disparities which have resulted in perceptions of racial inferiority characterized by prejudice, bigotry and limited opportunities. References Cooper, F., 2005. Colonialism in Question: Theory, Knowledge, History. Eltis, D., and S., Engerman, 2000. â€Å"The Importance of Slavery and the Slave Trade to Industrializing Britain.† In: Journal of Economic History, 60, 123-144. Ferguson, N., 2003. Empire: How Britain Made the Modern World. London: Allen Lane. Gallaher, C. et al., 2008. Imperialism/Colonialism: Key Concepts in Political Geography, Sage Publications Ltd. p. 5 (GIC). Getz, R., and Heather S., (eds.), 2010. Modern Imperialism and Colonialism: A Global Perspective. Henry S., and R., Sangeeta, 2004. A Companion to Postcolonial Studies. John Wiley Sons. p. 271. Hobsbawm, E., 1999. Industry and Empire: From 1750 to the Present Day, New York: The New Press. Rogowski, R., 1989. Commerce and Coalitions: How Trade affects Domestic Political Alignments, Princeton; Princeton University Press. Rud?e, G., 1972. Europe in the Eighteenth Century: Aristocracy and the Bourgeois Challenge, Cambridge MA; Harvard University How to cite How Slavery And Colonialism Have Shaped Modern Societies, Essay examples

Police Brutality Essays (9057 words) - Law Enforcement, Government

Police Brutality In recent years, police actions, particularly police abuse, has come into view of a wide, public and critical eye. While citizens worry about protecting themselves from criminals, it has now been shown that they must also keep a watchful eye on those who are supposed to protect and serve. This paper will discuss the types of police abuse prevalent today, including the use of firearms and receipt of private information. I will also discuss what and how citizens' rights are taken advantage of by police. For these problems, solutions will be discussed, focusing on political reform , education, and citizen review boards. These measures are necessary to protect ourselves from police taking advantage of their positions as law enforcement officers with greater permissive rights than private citizens. Because of this significant differential, all citizens must take affirmative action from physical brutality, rights violations, and information abuse. Problems arise , however, when one side is told what to do by another, as there is bound to be conflicting viewpoints. In regard to police abuse, there will be many officers who feel that their job of fighting escalating street crime, gangs, narcotics violations, and other violent crimes is difficult already, and that worrying about excessive policy for abusive behavior will only further decrease their ability to fight crime effectively, efficiently, and safely. Citizens, however, have been caught up in this gung-ho attitude, and police are more and more often crossing the line of investigation and interrogation with abusive behavior. This abuse must be monitored so that police do not forget who they are serving--not themselves, but the public. This means that even the criminals, who are a part of the public, have certain rights, particularly, civil rights. All citizens must be aware of these rights to protect themselves against over-aggressive officers who take advantage of their position as badg e and gun holders to intimidate and abuse civilians for personal or departmental goals. Such conflicts have significant implications on departmental and administrative policy procedures. One of the main police abuse problems is physical brutality. The main goal here should be to get the police departments to adopt and enforce a written policy governing the use of physical force. The policy should restrict physical force to the narrowest possible range of specific situations. For example, there should be limitations on the use of hand-to-hand combat, batons, mace, stun guns, and firearms. However, limiting polices' actions will bring much debate, especially from police officers and administrators themselves. Many feel that their firepower is already too weak to battle the weapons criminals have on the streets, and limiting their legality of gun use will not only endanger them, but the innocent bystanders who must endure the hierarchy gun power creates in the benefit of criminals. For instance, not only should officers use brutality in very limited situations, to help curtail unwarranted use, but policies should require officers to file a written report after any use of physical force, regardless of how seemingly insignificant. That report should then be automatically reviewed by superior officers. It is necessary to involve superior officers so that a tolerance of brutality is not established, and an atmosphere conducive to police abuse is not created. Police may feel that such action would be burdensome. This is so because police often already feel burdened and restrained by policy and paperwork which takes a large amount of their on-duty time. When will police be required to do paperwork on how long and what was done during each coffee break to ensure tax payers are getting their every seconds worth? There must be a reasonable balance between civilian intervention and administration. Although, if every incidence of police abuse was requested to be reported, how many actually would be? Maybe only those serious enough, as depicted in new guidelines, would make it, leaving some space for officers to exert pressure without crossing serious and abusive policy. Another tactic to control police brutality is to establish a system to identify officers who have been involved in an inordinate number of incidents that include the inappropriate use of physical force. The incidents should then be investigated. For those officers who are frequently involved in unnecessary police brutality, they

Spanish Shawl Nudibranch - Flabellina iodinea Profile

Spanish Shawl Nudibranch - Flabellina iodinea Profile    The Spanish shawl nudibranch (Flabellina iodinea), also known as the purple aeolis, is a striking nudibranch, with a purple or bluish body, red rhinophores and orange cerata. Spanish shawl nudibranchs can grow to about 2.75 inches in length. Unlike some nudibranchs, which remain on their chosen substrate, this nudibranch can swim in the water column by flexing its body from side to side in a u-shape. Click here for a video of a Spanish shawl nudibranch swimming. Seeing this nudibranch swimming may remind you of the fringed shawls worn by Flamenco dancers, for which this nudibranch gets its name.    Classification:    Kingdom: Animalia Phylum: Mollusca Class: Gastropoda Order: Nudibranchia Family: Flabellinoidea Genus: Flabellina species: iodinea    Habitat and Distribution: You might think of a colorful creature like this as inaccessible - but Spanish shawl nudibranchs are found in relatively shallow water in the Pacific Ocean from British Columbia, Canada to the Galapagos Islands. They can be found in intertidal areas out to a water depth of about 130 feet. Feeding: This nudibranch feeds on a species of hydroid (Eudendrium ramosum), which possesses a pigment called astaxanthin. This pigment gives the Spanish shawl nudibranch its brilliant color. In the Spanish shawl nudibranch, the astaxanthin shows up in 3 different states, creating the purple, orange and red colors found on this species. Astaxanthin is also found in other marine creatures, including lobsters (which contributes to the lobsters red appearance when cooked), krill, and salmon. Reproduction:    Nudibranchs are hermaphroditic - they poses reproductive organs of both sexes, so they can mate opportunistically when another nudibranch is nearby. Mating occurs when two nudibranchs get together - the reproductive organs are on the right side of the body, so the nudibranchs match up their right sides. Usually both animals pass sperm sacs through a tube, and eggs are laid. Nudibranchs may be found first by seeing their eggs - if you see eggs, the adults who laid them may be nearby. The Spanish shawl nudibranch lays ribbons of eggs that are pinkish-orange in color, and are often found on the hydroids upon which it preys. After about a week, the eggs develop into free-swimming veligers, which eventually settle on the ocean bottom as a miniature nudibranch that grows into a larger adult.    Sources:    Goddard, J.H.R. 2000. Flabellina iodinea (Cooper, 1862).  Sea Slug Forum. Australian Museum, Sydney. Accessed November 11, 2011.McDonald, G. Intertidal Invertebrates of the Monterey Bay Area, California.  Accessed November 11, 2011.Rosenberg, G. and Bouchet, P. 2011. Flabellina iodinea (J. G. Cooper, 1863). World Register of Marine Species. Accessed on November 14, 2011.SeaLifeBase. Flabellina iodinea. Accessed November 14, 2011.

Berkelium Element Facts - Atomic Number 97 or Bk

Berkelium Element Facts - Atomic Number 97 or Bk Berkelium is one of the radioactive synthetic elements made in the cyclotron at Berkeley, California and the one that honors the work of this lab by bearing its name. It was the fifth transuranium element discovered (following neptunium, plutonium, curium, and americium). Heres a collection of facts about element 97 or Bk, including its history and properties: Element Name Berkelium Atomic Number 97 Element Symbol Bk Atomic Weight 247.0703 Berkelium Discovery Glenn T. Seaborg, Stanley G. Thompson, Kenneth Street, Jr., and Albert Ghiorso produced berkelium in December, 1949 at the University of California, Berkeley (United States). The scientists bombarded americium-241 with alpha particles in a cyclotron to yield berkelium-243 and two free neutrons. Berkelium Properties Such a small quantity of this element has been produced that very little is known about its properties. Most of the available information is based on predicted properties, based on the elements location on the periodic table. It is a paramagnetic metal and has one of the lowest bulk modulus  values of the actinides. Bk3 ions are fluorescent at 652 nanometers (red) and 742 nanometers (deep red). Under ordinary conditions, berkelium metal assumes hexagonal symmetry, transforming to a face-centered cubic structure under pressure at room temperature, and an orthorhombic structure upon compression to 25 GPa. Electron Configuration [Rn] 5f9  7s2 Element Classification Berkelium is a member of the actinide element group or transuranium element series. Berkelium Name Origin Berkelium is pronounced as  BURK-lee-em. The element is named after Berkeley, California, where it was discovered. The element californium is also named for this lab. Density 13.25 g/cc Appearance Berkelium has a traditional shiny, metallic appearance. It is a soft, radioactive solid at room temperature. Melting Point The melting point of berkelium metal is  986  Ã‚ °C. This value is below that of neighbor element curium  (1340  Ã‚ °C), but higher than that of californium  (900  Ã‚ °C). Isotopes All of the isotopes of berkelium are radioactive. Berkelium-243 was the first isotope to be produced. The most stable isotope is berkelium-247, which has a half-life of 1380 years, eventually decaying into americium-243 via alpha decay. About 20 isotopes of berkelium are known. Pauling Negativity Number 1.3 First Ionizing Energy The first ionizing energy is predicted to be about 600 kJ/mol. Oxidation States The most common oxidation states of berkelium are 4 and 3. Berkelium Compounds Berkelium chloride (BkCl3) was the first Bk compound produced in sufficient quantity to be visible. The compound was synthesized in 1962 and weighed approximately 3 billionths of a gram. Other compounds which have been produced and studied using x-ray diffraction include berkelium oxychloride, berkelium fluoride (BkF3), berkelium dioxide (BkO2), and berkelium trioxide (BkO3). Berkelium Uses Since so little berkelium has ever been produced, there are no known uses of the element at this time aside from scientific research. Most of this research goes toward synthesis of heavier elements. A 22-milligram sample of berkelium was synthesized at Oak Ridge National Laboratory and was used to make element 117 for the first time, by bombarding the berkelium-249 with calcium-48 ions at the Joint Institute for Nuclear Research in Russia. The element does not occur naturally, so additional samples must be produced in a lab. Since 1967, just over 1 gram of berkelium has been produced, in total! Berkelium Toxicity The toxicity of berkelium has not been well-studied, but its safe to assume it presents a health hazard if ingested or inhaled, due to its radioactivity. Berkelium-249 emits low-energy electrons and is reasonably safe to handle. It decays in alpha-emitting californium-249, which remains relatively safe for handling, but does result in free-radical production and self-heating of the sample. Berkelium Fast Facts Element Name: BerkeliumElement Symbol: BkAtomic Number: 97Appearance: Silvery metalElement Category: ActinideDiscovery: Lawrence Berkeley National Laboratory (1949) Sources Emsley, John (2011). Natures Building Blocks: An A-Z Guide to the Elements. New York, NY: Oxford University Press. ISBN 978-0-19-960563-7.Peterson, J. R.; Fahey, J. A.; Baybarz, R. D. (1971). The crystal structures and lattice parameters of berkelium metal. J. Inorg. Nucl. Chem. 33 (10): 3345–51. doi:10.1016/0022-1902(71)80656-5Thompson, S.; Ghiorso, A.; Seaborg, G. (1950). The New Element Berkelium (Atomic Number 97). Physical Review. 80 (5): 781. doi:10.1103/PhysRev.80.781Thompson, Stanley G.; Seaborg, Glenn T. (1950). Chemical Properties of Berkelium. OSTI Technical Report doi:10.2172/932812

Legal, Ethical, and Regulatory Issues in Business Case Study - 1

Legal, Ethical, and Regulatory Issues in Business - Case Study Example In most case profit of the company is always shared with respect to the ratio of capital contributed by the partners into the business and the same case applies to sharing of loses. All partners in general partnership have equal right towards decision-making considering that each partner equally participates in management and control of the organization affairs. 2. It is noteworthy that the general partnership has unlimited liability and as such failure of the company to clear its debt obligations the personal property of the partners will be confiscated by the creditors (Cheeseman & McDonald 86). John Albert and Matthew Baker will be directly liable for all the liabilities of Lending Store. Failure of the general partners to clear the claims of the creditors will certainly make them lose their personal property to settle the debt. This means that the liability of general partners is a direct responsibility of the partners and as such, the partners must stand up for the responsibilit ies once they occur. 3. Forming a corporation involves many paper work and legal requirements unlike partnership and sole proprietorship. The first step in forming a corporation in Arizona starts with searching for a business name. The chosen name must be checked with the registry to ensure that it is not used by another company or does not infringe another company’s name or trademark. The second step involves registering the business name. The third step involves choosing of directors who can make vital policies and financial decisions such as authorizing stock issues. The fourth step involves filing the corporation’s â€Å"articles of incorporation† with the Arizona state corporate filing office. The fifth step involves writing the corporate by-laws. The corporate by-laws are the guiding principles of the daily affairs of the organization. The sixth step involves creating a â€Å"shareholders’ agreement† which helps the owners address various cor porate issues such as voting rights, and intellectual property rights. The next step involves convening the first meeting of the board of directors. The seventh step involves issue of certificates to the equity owners. This stage is important because a corporate is required not to commence business before officially dividing owners’ interest in the organization. The next step involves obtaining business licenses and permits for the corporation from the relevant authorities that is federal government, state of Arizona and the local government. Then afterwards a business can begin operations. 4. Once Albert and Baker have formed a corporation, the company will be personally liable for its own liability. This means that Albert and Baker will not be personally liable for the debt of the organization. This is because corporate bodies normally have a separate life from its owners and as such, it can operate everything that a human being does on its own. In other words, corporate bo dies are artificial persons and as such, they can sue or be sued for failure to honor their obligations. The liability of the corporate owners is limited to the amount of money they have contributed towards acquisition of company assets and other investments (Cheeseman & McDonald 112). Albert and Baker are cushioned from the loss of personal property whenever the company fails to honor its debt obligation by the amount contributed they have to the company