What are the advantages and disadvantages of a limited liability member when the LLC elects to be

Fantastic news! We've Found the answer you've been seeking!

Question:

What are the advantages and disadvantages of a limited liability member when the LLC elects to be treated as a partnership for tax purposes?

Related Book For answer-question

Entrepreneurship Successfully Launching New Ventures

ISBN: 978-0133797190

5th edition

Authors: Bruce R. Barringer, R. Duane Ireland

See More Books

Posted Date: Jul 16, 2018 12:51 AM

See More Questions

What are the advantages and disadvantages of a limited liability company?
What are the advantages and disadvantages of a voluntary workout to resolve financial distress? What are the advantages and disadvantages of declaring bankruptcy to resolve financial distress?
What are the advantages and disadvantages of a negotiated transfer price system?
Why do you think many people might be skeptical about psychology being a science?
What advantages are there in viewing manufacturing as a system? What are the components of a manufacturing system? Explain.
For each of the following independent situations, indicate the type of report on ICFR you would issue. Justify your report choice. a. The managements report on ICFR issued by Graham Granary, Inc.,...
For a linear viscoelastic material, the creep response under a constant stress is followed by a "recovery response" after the stress is removed at some time, $t_{0}$. Using the Boltzmann...
A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit...
What problem is Beverly Hall trying to solve? Identify conditions that have to be satisfied in order for the school to solve these issues in the Atlanta area served by the Atlanta School system....
Allstar Inc. is considering a lockbox system that would reduce its float by three days. An expected 500 collections per day will be made to the lockbox with an average payment size of $1,000. The...
Two sides and an angle of a triangle are B = 40, b = 2, and c = 3. Find the angles A and C, and the side a. There (really!) are two sets of solutions. Find one solution or both solutions. As this...
What are the preliminary steps in budget preparation?
Have you ever had to count physical inventory? If so, please describe the process.
What are some of the benefits of operating budgets?
Do you or your supervisor have to deal with inventory? If so, please describe.
What types of budgets are prepared annually?
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in...
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
Jeff (60) and Cherie (59) Smith live in Georgia. Jeff has a small business in addition to other investments Jeff's's business in which he devotes much of his time is an online health and wellness...
If you worked for an entrepreneurial venture, what would you want to know about a large company before recommending that your firm form a partnership with that large, established company?
What is the purpose of completing a competitive analysis grid?
What is a brand? Provide an example of a brand that you buy frequently and describe the mental image that pops into your mind when you hear or see the brands name.
Which of the following ratios would you expect to be the lowest for any particular company? A. The cash ratio. B. The current ratio. C. The quick ratio. D. The ratio of total assets to current...
Operating profit is: A. The same as gross profit. B. The profit before interest and tax. C. The profit after interest but before tax. D. The same as earnings.
For which sort of business might the ratio of receivables to sales be the lowest (and therefore the debtors collection period the shortest)? A. A market stall selling vegetables. B. An audit firm. C....

What are the advantages and disadvantages of a limited liability member when the LLC elects to be

Question:

Expert Answer:

Limited Liability Partnerships retain the general partnership tax ... View the full answer

Entrepreneurship Successfully Launching New Ventures

Students also viewed these organizational behavior questions