By Buddhi Lokuge
Whilst Dr Buddhi moved to Arnhem Land to run a health and wellbeing application for Aboriginal youngsters, he had no concept he may face the problem of his life.
Six months into operating the $5 million greenback software he realised it was once going to fail, and that's while the difficulty all started. within the face of robust competition from excessive profile specialists, he listened to the elders and took the sluggish street. via painstaking remark and dealing in partnership with sufferers and the neighborhood, jointly they discovered how to triumph over a missed ailment as debilitating and stigmatised as leprosy.
This is a strong tale of redemption, and a decent and encouraging account of a kinfolk residing and dealing in distant Aboriginal Australia to provide voice to forgotten humans.
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Additional info for A Doctor's Dream: A Story of Hope from the Top End
But for now, real professionalism meant getting on with the job—not consuming time and dollars forming an unneeded corporate or LLC entity. The best way to form a partnership is to draw up and sign a partnership agreement (discussed fully in Chapter 2). Legally, you can have a partnership without a written agreement, in which case you’d be governed entirely by either the Uniform Partnership Act or the Revised Uniform Partnership Act (explained in Chapter 2). Beyond a written agreement, the paperwork for setting up a partnership is minimal—about on a par with a sole proprietorship.
They agree in writing that if one of them dies, the other two will buy the deceased partner’s interest in the partnership for $50,000 so that the business will continue. ) To fund this arrangement, the partnership buys life insurance covering each partner in an amount large enough to cover the buyout. If Tom dies first, under the terms of the agreement, his wife and children will receive $50,000 from the partnership to compensate them for the value of Tom’s ownership interest in the business. Technically, the remaining partners would operate as a new partnership, but the important point is that the business would keep functioning.
Since the corporation has a longer legal history, I’ll deal with it first, but the LLC—which is covered in Section D—may well be preferable for your particular business, despite its relative newness. This book deals primarily with the small, privately owned corporation. I’ll assume that all of the corporate stock is owned by one person or a few people, and that all shareholders are actively involved in the management of the business—with the possible exception of friends and relatives who have provided seed money in exchange for stock.
A Doctor's Dream: A Story of Hope from the Top End by Buddhi Lokuge