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Where To Discover The Very Best Online Casino Games

September 23rd, 2014 by

Where to discover the very best online casino games

by

Russell Faulkes

On-Line casino video game titles are hugely preferred all around the web as a result of their functionality. As these are offered on the internet, this allows you to enjoy the fun of casino video game titles right in the convenience of the individual property or business office. Now not do you need to have all dressed up and journey to a casino just to execute casino online games and gamble. You don t even need to generally be inside very same place as the people that you will be actively playing versus, or the dealer. On the other hand, with numerous on the net casino online games offered it may be tough to locate the very best types.

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In order to locate the top on-line casino video game titles you should know what you happen to be hunting out for, mainly because should you don t then you are going to certainly not discover the top types. Firstly, you should know what casino game titles you\’d probably prefer to play and which ones you are not interested in. This tends to make you give attention to obtaining a site on the net that presents specifically what that you are looking for within the casino video game titles that you simply want to perform. It really is no use obtaining a web-based casino site that delivers matches that you will be not thinking about. Concentrate on finding the games that you just love most and wish to participate in. These could involve poker, blackjack as well as other credit card online games, or they could even incorporate slot devices. It is definitely approximately you what that you are seeking in terms of online casino online games.

As soon as you realize which casino online casino games you desire to perform on-line you need to then ascertain what else is important to you when taking part in on the web casino game titles. It truly is best if you can discover a website on the web that delivers online casino game titles as well as freebies for enjoying. This might consist of free enjoying dollars so that you simply tend not to need to commit any real money so as to enjoy the on the web casino match within your selection. This can be crucial as it could save you a good deal of money inside the long term. You may not feel that a few money right here and there would add nearly considerably, however it actually does.

You ought to also question other men and women about their opinion on on the web casino online games and wherever the top web-sites are to perform them. It\’s possible you\’ll possess a pal or two who engage in on the net casino matches. Ask them wherever they perform these and why they chose to play on the internet casino video games to the web sites that they enjoy on. They may have motives for this and this might enable you to in determining the most effective location to locate the on the web casino video game titles that you choose to wish to participate in. This will likely also assist you to to avoid taking part in on-line casino games on any not so excellent web-sites which you would regret signing up to or not use very much soon after signing nearly. It is nearly you what that you are trying to find in a web based casino video game and which website offers you the very best possibilities and game titles.

http://www.casino-vergleichstest.net

Article Source:

ArticleRich.com

theguardian.com

September 23rd, 2014 by

theguardian.com, formerly known as Guardian Unlimited and guardian.co.uk, is a British news and media website owned by the Guardian Media Group. Georgina Henry, who died in February 2014,[2] was appointed editor in 2011.[3] It contains nearly all of the content of the newspapers The Guardian and The Observer, as well as a substantial body of web-only work produced by its own staff, including a rolling news service.

As of May 2013, it was the most popular UK newspaper website with 8.2m unique visitors per month, just ahead of Mail Online with 7.6m unique monthly visitors.[4]

The site is made up of a core news site, plus a network of niche websites covering subjects including media, environment and technology, sport, education and the public sector. theguardian.com is notable for its engagement with readers, including long-running talkboards and, more recently, a network of weblogs. Its seven blogs were joined on March 14, 2006, by a new comment site, Comment is free (see below), named after the famous quote by The Guardian editor, C. P. Scott. Articles (like the talkboards until their sudden closure on 25 February 2011) accept comments without pre-moderation, although posts on Comment is Free are moderated after the event. All now require registration for comments.

The site can be viewed for free and without registration, though some services such as leaving comments on articles require users to register.

In March 2009, guardian.co.uk launched their API, using the OAuth protocol, and making a wide range of Guardian content available for use by web application developers.[5]

theguardian.com is part of the Guardian Media Group of newspapers, radio stations, and new media including The Guardian daily newspaper, and The Observer Sunday newspaper. All the aforementioned are owned by the Scott Trust, a charitable foundation which aims to ensure the newspaper’s editorial independence in perpetuity, maintaining its financial health to ensure it does not become vulnerable to takeover by for-profit media groups, and the serious compromise of editorial independence that this often brings.

guardian.co.uk was launched in 1999, born of the Guardian New Media Lab. Its popularity soared after the September 11 attacks in the United States in 2001, largely thanks to the diverse range of viewpoints published in the Guardian newspaper.[citation needed] The website won the Best Newspaper category in the 2005, 2006 and 2007 Webby Awards, beating the New York Times, the Washington Post, the Wall Street Journal and Variety.[6]

In 2006 guardian.co.uk reported its first profitable year, with income coming mostly from recruitment and display advertising.[7]

In May 2007, guardian.co.uk begun an 18-month programme of redesigning and adding features to the entire website, starting with the travel section, then moving through the rest of the site and the front page, finally updating the blogging and community features.[8]

On July 30, 2013, the website was moved from guardian.co.uk to theguardian.com as part of increasing investments to grow globally.[9]

The Guardian?s sports section is a popular and well-respected web site, providing news, results, match reports and live commentaries from a host of different sports.

theguardian.com/sport has pioneered the online newspaper industry in the United Kingdom with its live coverage of sports, including live text commentaries of 115 Premier League football matches and every FIFA World Cup match. The site also provides some live coverage of the FA Cup, Champions League, Europa League and the occasional La Liga, League Cup and playoff games.

“Guardian America” was an American version of the British news website Guardian Unlimited. The strategy, intended to win more US-based readers, was abandoned in October 2009. Guardianamerica.com now redirects to the website’s United States topic page.

Much of the content on Guardian America was taken from Guardian Unlimited and The Guardian, although some content was produced specifically for Guardian America.

Comment is free is a comment and political opinion site within theguardian.com. It contains the comment and opinion pieces from The Guardian and The Observer newspapers, plus contributions from more than 600 other writers. The site is edited by Natalie Hanman;[10] its subsite devoted to religious affairs, Cif belief, is edited by Andrew Brown. It was launched on March 14, 2006,[11] with Georgina Henry as launch editor. The original technical design and build was by Ben Hammersley, based on the Movable Type blogging platform. Latterly, Cif runs on a bespoke Guardian-made system, using Pluck for the commenting.[12]

The site’s name is derived from a sentence in a famous essay written by veteran Guardian editor C. P. Scott: “Comment is free, but facts are sacred.”

The site strictly enforces its talk policy by moderating comments after posting.[13] For particularly sensitive topics, comments may be moderated before posting.[14] Moderators may remove posts that violate the “Community Standards” (usually leaving a marker of the removal), but do not edit them.[14][15]

theguardian.com is one of the world’s leading online newspapers, becoming the first UK newspaper to attract more than 25 million unique users in a month (October 2008).[16] On 7 July 2005, following the London bombings, 1.3 million unique users visited the site and a total of 7.8 million pages were viewed, at the time a record for guardian.co.uk.[17]

As of August 2010 it was the second-most popular UK newspaper website after Mail Online, getting almost 34.6 million unique users monthly, and 13.7 million unique British users monthly.[18] By May 2011 it reached 2.8m unique visitors per day, and 51.3m per month, behind the MailOnline’s 4.4m and 77.3m.[19] As of May 2013, using National Readership Survey and comScore’s statistics, it was the most popular UK newspaper website with 8.2m unique visitors per month, ahead of Mail Online with 7.6m unique monthly visitors.[4]

The awards were created in 2008.[20]

In addition, the 2011 award of “Political Journalist of the Year” to The Guardian’s Andrew Sparrow “was significant because it was a recognition of the impact of his general election live blog – a reward for innovation as well as reporting.”[21]

In 2009 it was nominated for (but did not win) a Webby Award for “Best Copy/Writing”.[22] However, the subsite Cif belief was nominated for, and won, the Webby in the best religion and spirituality site category.

Quiznos restaurant chain airs controversial commercial

September 23rd, 2014 by

Friday, April 3, 2009 

Quiznos, a fast food restaurant chain that specializes in selling submarine sandwiches, has aired a controversial television commercial, with an extended version only appearing in the late-night lineups. The commercial is a promotion for the company’s new sandwich, the ‘Toasty Torpedo’. Bob Sassone, a writer for TVSquad.com, argues that it is homosexually themed and compares it to pornography.

The commercial begins with a toaster oven talking to Scott, a Quiznos sandwich maker, in a male voice. “Scott, I want you to do something,” says the toaster to Scott. As he takes a bite of a Torpedo and appears to look in the direction of his genitals, Scott says to the toaster, “[sic] not doing that again. That burned.” The toaster replies, “We both enjoyed that.”

Later in the commercial, the toaster asks Scott to make one of the sandwiches and says the price of it is “sexy” and then “sexier.” Scott grins and does so. The toaster then asks Scott to “stick it in me”. The sandwich just happens to be 12 inches long, giving the appearance of a special relationship between Scott and the toaster oven.

Quiznos published a press release on March 24 announcing the new line of sandwiches. They stated that their price of US$4 helps to ease the economic pinch. In a statement to Wikinews Quiznos stated that their commercials are within the company’s character and they were designed to get people talking.

“We developed our new ads to be consistent with the Quiznos brand and to get people excited about our new Toasty Torpedoes. Some of the ads are edgy and provocative, but they’re well within the confines of the Quiznos brand character,” said Rebecca Steinfort, chief marketing officer for Quiznos to Wikinews.

“Since Quiznos has a broad range of consumers that eat at its more than 4,500 restaurants nationwide, we tailor our commercials to be relevant and appeal to our diverse customers – all of whom are watching different kinds of programming. The new ads are fun and entertaining, and the edginess and innuendo of the ads are designed to get people talking about our new Toasty Torpedoes, and that’s exactly what we want: people to talk and taste our new sandwiches,” added Steinfort.

Bob Sassone a writer for TVSquad.com, one of the Internet’s top television weblogs, compared the commercial to a pornography film.

“The new Quizno’s commercial is probably the closest we’ll get to a gay porn flick in a mainstream sub shop ad,” Sassone wrote.

In 2007, the company made another controversial commercial. It featured people on the street eating samples of a Quiznos ‘Prime Rib Dinner’ sandwich. They promoted it as having a lot of “meat” and near the end it featured two women eating a sandwich saying, “It’s not lacking any meat. And that’s what real women need”.

“Nevertheless, Quiznos remains committed to providing its customers with high-quality ingredients at everyday lower prices, all with excellent service. As such, we encourage consumers to give feedback on the commercials to our corporate marketing department through the website,” said Steinfort.

U.S. Supreme Court eases government ability to seize property

September 21st, 2014 by

June 24, 2005

In a major decision, the Supreme Court of the United States has expanded the right of government to seize private property for public good by allowing the city of New London, Connecticut to invoke eminent domain and seize homeowners’ property for economic development reasons.

In a closely-divided decision, 5-4, the court determined that the city’s economic development plan constituted a “public use”, and therefore qualified under the U.S. Constitution’s fifth amendment’s Eminent Domain clause.

Justice John Paul Stevens wrote the majority decision, and was joined by Justices David H. Souter, Ruth Bader Ginsburg, Stephen G. Breyer and Anthony Kennedy. “Promoting economic development is a traditional and long accepted function of government,” Stevens wrote, and justified the decision further by saying municipal authorities are better positioned to make decisions regarding a community’s best interests than judges.

Writing the dissenting opinion, Justice Sandra Day O’Connor rejected the economic justification as a public use, pointing out that wealthy individuals are more capable of defending themselves and so are less at risk. But the greatest issue was the liklihood of abuse of eminent domain:

“The specter of condemnation hangs over all property. Nothing is to prevent the state from replacing any Motel 6 with a Ritz-Carlton, any home with a shopping mall or any farm with a factory.” A separate dissent was also included written by Justice Clarence Thomas.

How To Select The Right Method For The Removal Of Pubic Hair

September 19th, 2014 by

By Natalie Williams

What’s the use of pubic hair? Scientists are still unsure about the purpose of pubic hair on our bodies. Some of the presumable uses of pubic hair include:

1. Pheromones are being disperse by the pubic hair to attract the opposite sex.

2. Protection of the genitals against abrasion during sexual intercourse.

3. Keeps the genitals warm.

4. Shields dirt from the genitals.

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Should I Shave My Pubic Hair?

The removal of pubic hair has been part of a lot of cultures throughout history as a means for getting more comfort, look better, improve hygiene, conforming to religious practices and to improve the love making experience. With the growing popularity of the bare look since the nineties, many men and women feel pressured to follow this trend in order to fit in. The decision to remove your pubic hair should be decided according to your beliefs and personal preferences. Regardless of your motivation to remove your pubic hair, it is important for you to understand the various pubic hair removal methods to decide the most suitable solution for you.

The 5 Most Common Pubic Hair Removal Solutions

1. Shaving – The most common tools for shaving the pubic region are conventional electric shavers and razor blades. Men typically use their electric beard shavers or razor blades while women use their leg shavers. It isn’t a mystery why most people develop irritating side effects such as ingrown hairs, itching and pubic pimples. What they need is a real pubic shaver instead.

2. Waxing – Some people like it, some people don’t. It hurts a lot and you have to expose your private parts to a stranger at a salon. The main benefit is it’s long lasting effect. Another solution is to get your hands on a DIY bikini waxing kit you can apply on yourself in the privacy of your home at a very low price.

3. Depilatories – These come in the form of creams, gels, lotions and roll-ons. The chemicals in the depilatories literally melts the hair so that you may wipe it off easily. It is important to note that most products are not designed for use in the pubic area. It is not recommended to use these products on a skin surface it was not designed for to prevent skin irritation.

4. Trimming – For people who just want to keep their pubic hair short without removing them, trimming is the right answer for you. The most basic tool is to simply use a pair of scissors to trim your pubic hair to your desired length. However, some people are hesitant about using a sharp object near their private parts. If you are willing to spend a bit more, you could purchase a pubic hair trimmer to trim you pubic hair without getting cut.

5. Permanent Removal – Electrolysis and laser treatments are 2 of the common permanent hair removal solutions. Electrolysis is a very long and inconvenient process because each hair follicle has to be disabled individually. Laser treatments on the other hand are more convenient because it uses a light beam to disable an area of hair on your body. Both methods require multiple treatments costing at least $500 or more to completely remove all the pubic hair on your body.

About the Author: Natalie Williams personally uses the

Body Bare

shaver for her pubic hair removal needs. Visit her web site

HairRemovalHaven.com

for more tips on the removal of pubic hair.

Source:

isnare.com

Permanent Link:

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Polish exercise book advertisement copies Wikipedia content, violates copyright

September 18th, 2014 by

Friday, October 24, 2008 

On August 21, the Polish weekly Przekrój published an advertisement for Dan-Mark exercise books, bearing the logo of 4fun.tv, a Polish music/interactive TV station. Part of the advertisement contained a definition of the word “exercise book”. The wording looked familiar, and Wikinews consulted Wikipedia, the collaborative online encyclopedia.

Upon seeing the Wikipedia definition, it appeared that the entry quoted in the promotional material was identical to the initial two paragraphs of the relevant Wikipedia entry.

Freelance reporters for the Polish Wikinews decided to find out the reason for such a similarity and whether either of the texts (the advertisement’s or Wikipedia’s) might be a case of copyright violation.

The reporters contacted a Jaros?aw Janas, Creative Director of 4fun.tv., where the ad appeared. His reply included the following claim:

Copyright on text does not last for fifty years as claimed by Janas, but for 70 years after the death of the author.

To investigate the authenticity of the above claims, Wikinews asked the main author of the two paragraphs in question, Wikipedian Julo, about the sources used to write the entry. He confirmed that he had written the text in question, and not copied it from an encyclopedic publication as claimed by Jana.

It is therefore impossible that both Julo and the people responsible for the exercise book advertisement have used the same uncopyrighted encyclopedia, thus coincidentally creating identical texts. The reporters also noted that the first draft of the introduction to the article was written by WaldemarWolskiHuta (February 2006). Afterward the text had undergone some modifications by Julo (September 2006), as well as Picus viridis and Beno (March 2008). However, the text presented in the press promotional material, which – according to 4fun.tv – came from an old-print encyclopedia is identical to the Wikipedia entry after the changes mentioned above had been made. Julo added that he was still alive, together with the other authors of the article in question who constituted the group of the copyright co-holders. This naturally led to a conclusion that neither 50 nor 70 years could have passed since their death. He left 4fun.tv’s actions with a comment that although the contents he and the other Wikimedians had made public and free, they are far from making them available in any “free style”, but under a specified license.

In follow up messages to Jaros?aw Janas, Wikinews reporters confronted the creative director over his seemingly inaccurate claims.

Wikinews was told in a reply that 4fun.tv would ignore the claims unless they see permission from the author of the original content to investigate this story. They were also informed that further e-mails without any specifics sent by the reporter would be qualified as spam. 4fun.tv’s creative director further added that he found the reporter’s picture on the Internet and asked how the person would feel if this picture was to appear on billboards or press releases that advertised the TV station.

Wikipedia does allow copying of its content under certain conditions. The encyclopedia’s content is released under the GNU Free Documentation License, which means that it can be copied, modified, and used commercially and non-commercially – under the conditions that the license’s text is included with the copied content and the five main authors are mentioned. If a part of the article is used, like in the example quoted in this news story, a “right to quote”, recognized by Polish law, may be used. In such a case it suffices to mention the source of the text (Polish Wikipedia) and the author of the excerpt. 4fun.tv met none of these conditions, meaning that copyright has been violated.

Over a year ago Polish Wikinews reported on a similar problem, regarding the use of free-licensed photographs. Since that time such “borrowings” have become less frequent, however photos are still being used in discordance with the license. Journalists have gotten used to citing sources, e.g. Wikipedia, although licensing conditions require attributing the actual author, not the source. So instead of attributing John Doe for his contribution, agencies like Polska Agencja Prasowa (Polish Press Agency) are attributing the source, Wikipedia.

In early September 2008 a similar situation occurred in relation to the Polish edition of Wiktionary. Gazeta Wyborcza, a Polish daily, published an IKEA advertisement, on the opening page of which an almost word-for-word Wiktionary entry was placed; additionally the advertisement used the characteristic MediaWiki layout. The reference to the external source used was missing.

In April 2008, an example of an Australian professor was cited; the scientist, in a reply to a news story, quoted a Wikipedia definition almost word-for-word. The same professor condemned the use of Wikipedia in his previous press appearances.

In 2005 Wikipedia material was discovered in the German weekly magazine Der Spiegel, which acknowledged its fault and published appropriate apologies in place of the article in the online edition.

Frontline magazine in 2007 was found using an image from Wikipedia without proper credit. When pointed out the magazine acknowledged the failing and a correction was promptly given in the subsequent issue.

Historic gym the site of Benet Academy, Illinois victory over Oswego

September 18th, 2014 by

Monday, January 18, 2010 

The Benet Academy Redwings boys basketball team defeated the Oswego High School Panthers 40–34 Saturday night at Benet’s historic Alumni Gym. 

Located at Lisle, Illinois, United States, the gymnasium is home to Benet’s winning streak of 102 consecutive home games. The statewide record lasted from November 26, 1975 until January 24, 1987, when Naperville North High School defeated the Redwings 47–46. Benet also achieved 96 consecutive victories in the Western Suburban Catholic Conference at that time. 

The school continued to use the facility, colloquially referred to as the “Old Gym” or the “Small Gym”, until the end of the 1994 season, when a newer athletic center was built on campus. It wasn’t until the late 1990′s when then-coach Marty Gaughan decided to play one game per year in the Alumni Gym to remind the school of its history. “There is just an electricity, and you feel it when you are in there,” said Gaughan, who coached the team from the 1989–1990 season to the 2007–2008 season. 

This tradition continued until the 2006–2007 season, when the Redwings played against long-time rival St. Francis High School. Renovations prevented the gym from being used for athletic events over the past two seasons. This game was Benet coach Gene Heidkamp’s first opportunity to coach in the older gym. “So much history and winning has taken place there, which makes it so special. It is something the entire school community is excited about,” said Heidkamp. 

Saturday’s game was played at the Alumni Gym at the request of Oswego assistant coach Jim Bagley. He wanted his son, senior forward Chris Bagley, to experience the same atmosphere he had as he played for Benet in the 1978–1979 season. Greg Kwiatkowski was also Jim Bagley’s teammate in Benet, and his son, Joe Kwiatkowski, was in the Panthers’ starting lineup as well. “Two of us who played at Benet together and now our son’s play on [Oswego] together and for them to have a chance to play where we played is going to be a great night and great experience,” said the senior Bagley. 

Alumni Gym apparently still had its charm in the second half for the Redwings, whose 15–17 score at halftime worsened into an 11-point deficit in the third quarter. Benet fell behind with a score of 21–29 at the start of the fourth quarter. From that point, the Redwings’ defense began to kick in. Oswego could make only 2 of its 13 field goals in the third quarter. Benet’s offense also gained momentum as center Frank Kaminsky scored all of his 9 points in the fourth quarter. A shot by senior Mike Runger brought the score to 31–31, and two consecutive driving layups by David Sobolewski gave Benet the lead that would last for the rest of the game. 

“We hit a dry spell there, but let’s give credit where credit is due. Defense wins games and they are the best defensive team we’ve faced all year,” said Oswego coach Kevin Schnable.

Benet’s Matt Parisi led his team with 15 points, and Sobolewski scored 12. Oswego’s Andrew Ziemnik also scored 12. 

Athletes prepare for 2012 Summer Paralympics at the Paralympic Fitness Centre

September 18th, 2014 by

Monday, August 27, 2012 

London, England — As Paralympians ready for the Games which are set to open later this week, they have access to a world class fitness center inside the Paralympic Village which is designed to maximise their pre-Game preparations.

According to volunteers staffing the center, instead of being a single large room, as in Beijing, the building has numerous rooms. It, along with the adjacent Village Services Centre, is designed to be converted into a school after the games conclude. Rooms have been structured as a gym, an auditorium, and science laboratories.

Gym equipment is supplied by Technogym, an Italian firm that has supplied gym equipment for the Olympics since 2000. Equipment has been provided not just for for the Fitness Centre, but for gyms at all the Olympic venues. The newest equipment is oriented toward maximum flexibility, allowing athletes to exercise the particular muscles that they most require for their sport.

In addition to the equipment, the Fitness Centre also provides instructors trained in the use of the equipment, the likes of which athletes from many countries have never seen before. There are also a number of instructors available to provide motivational training.

Seven Things To Consider When Choosing Your Business Broker

September 17th, 2014 by

Submitted by: Anthony O Hare

Choosing a business broke

1. Fidelity Fund Certificate and Testimonials: Every business broker should have a valid Fidelity Fund Certificate. It surely is also important if she/he is able to show you testimonials from satisfied buyers and sellers.

2. Database of pre-qualified buyers and ability to find the right buyers: Ask your business broker of choice, how many buyers have signed a Confidentiality Agreement and how he will find especially those buyers, who are looking for a business like yours and can afford it

3. Existing broker network: Often the listing broker won t be the one who has the right buyer. You increase the chances of a successful sale, if the listing broker is part of a network of colleagues whether within his own agency or with other offices in his network. Ideally you want access to colleagues and their clients nationwide, especially if you are offering a business which operates in different provinces or even nationwide. The bigger the business the more important it is to be not restricted to your location when looking for possible buyers.

4. Support infrastructure: In order to handle possible transactions cost-effective, quick and reliable, your broker needs access to an audited Trust Account, legal advice and ideally a specialized department, who can help with financing transactions

5. Deal Flow: if you engage with a business broker or an agency, who sells an average of two to three businesses a year, you need to plan for more time to Businesses for sale.

6. Ability to market discretely but efficiently: Selling a business is very different from selling a property. While you are happy for the whole world to know, that your property is on the market, in most cases you don t want your staff, your clients and suppliers to know that you are thinking of selling your business. Ask your business broker, how he intends to find the right buyer without exposing the identity of your business. Only buyers who have signed a Confidentiality Agreement should know, which business for sale.

7. Last but not least business broker commission: The commission should be market related, but surely the deciding factor is the amount of money you receive into your bank account from a successful transaction and how long you have to wait for it rather than the commission you are paying. Be careful if the business broker asks for fees to be upfront and independently of a successful sale.

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Have a business for sale?

These are the two ways of selling and transferring a business namely:

1. Selling the business as a going concern

2. Selling the shares of the legal entity that owns the business

This article will explain the main differences when you have a

usiness for sale.

Selling the going concern:

The seller is the legal entity which owns the business and the buyer is another legal entity wishing to acquire the businesses for sale. The purchase price is paid between the two legal entities.

The assets to be transferred from the seller legal entity to the purchaser legal entity are assets, stock, brand names, patents, legal rights & contracts, intellectual property, client and supplier information, IT, goodwill, etc.

Some assets and liabilities that are not usually transferred are debtors, creditors, bank balances, warranties, obligations towards employees (outstanding salaries, bonuses, leave pay, sick pay).

If the business to be sold is the main asset of the selling legal entity, a buyer should be aware of the risk of the seller going into insolvency after the transaction. If that happens within the first 6 months the purchaser is in danger of losing the business and the purchase price to the liquidator. This risk can be avoided by advertising the sale of the business in terms of Section 34 of the Insolvency Act No. 24 of 1936.

Another important point is that if the selling entity is VAT registered, then the buying entity should also be VAT registered (or should at least have applied) in order to make the transaction zero rated for VAT.

Selling shares or membership interest in the legal entity:

In this case the seller is the shareholder of the legal entity owning the business and he is selling his shares in the company. The buyer would acquire the shares in the owning entity and in this way acquire the business.

There is no separate asset transfer as the assets belong to the seller legal entity. Debtors, creditors, bank balances, warranties, obligations towards employees (outstanding salaries, bonuses, leave pay, sick pay) are part and parcel of the deal and this risk should be mitigated through a very thorough due diligence.

For the avoidance of risk most buyers tend to prefer the purchase of a going concern. The following are possible reasons for the purchase of shares:

to save taxes by taking over assessed loss and shareholders loans

to avoid difficult processes while taking over contracts, licenses, etc.

to negotiate a better purchase price, because from a capital gains tax point of view it is usually beneficial for the seller to sell his shares rather than the going concern

When considering these two options one should take into consideration the risk associated with each option and the final decision is at the end part of the negotiation between the purchaser and seller. It is in any event always advisable to make use of business brokers like Aldes Atlantic when it comes to any business for sale.

About the Author: For More information about Businesses for sale and Business for sale Cape Town, visit us at

aldesatlantic.co.za

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Fifteen people killed in Philippines hotel fire

September 17th, 2014 by

Sunday, December 19, 2010 

Fifteen people were killed and twelve were injured after an eight hour hotel fire in Tuguegarao City, Northern Philippines, however police and firefighters managed to save many guests. Reports suggest the deceased sought cover in bathrooms where they were burnt beyond recognition.

After entering the building firefighters were left in tears after finding the charred bodies of guests on the upper floors. “It’s so close to Christmas, we wept when we saw their bodies,” said fire investigator Daniel Abana. Nine of the deaths were confirmed to be nursing students from a nearby university. The students were in the city to take nursing exams. Nursing college instructor, Romeo Opido, told authorities that 36 nursing students from nearby provinces were at the hotel. Tuguegarao City counselor said, “It is very unfortunate that this happened just when they were about to take their exams.”

The other deaths were the hotel owner’s and their family, including three children. The cause of the fire is still undetermined although it is known that the fire started on the ground floor and was energized by car tires and other combustible materials. It is also believed that paint cans were still in the building following a recent make over.

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