What is a limited liability company? What are its advantages and disadvantages?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
LLCs were first recognized for tax purposes in 1988 The LLC combines features of the corporation and ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Mergers Acquisition And Other Restructuring Activities
ISBN: 9780123854858
6th Edition
Authors: Donald M. Depamphilis
Question Posted:
Students also viewed these Corporate Finance questions
-
What is a limited liability company? Discuss its advantages and disadvantages.
-
What advantages does a limited liability company offer over an S corporation? Over a sole proprietorship?
-
What advantages does a limited liability company (LLC) offer over an S corporation?
-
Compute the given derivatives with the help of formulas (1)(4). (a) (b) d dx (1) - x=e
-
SQL supports four isolation-levels and two access-modes, for a total of eight combinations of isolation-level and access-mode. Each combination implicitly defines a class of transactions; the...
-
What is the Necessary and Proper Clause? Explain its significance.
-
Define dynamic object types. Besides the example in this chapter, can you think of other situations where we would encounter them?
-
Bill and Kate Theil are not only husband and wife but entrepreneurs who have established three successful businesses. The proposed plan for their latest effort involves a series of international...
-
GeneralProducts, Inc. was incorporated in Nevada on January 1, 2019, to take over a local retail chain and to supply goods to customers at the most competitive prices, both in stores and online. To...
-
The time needed to assemble a particular piece of furniture with experience is normally distributed with a mean time of 43 minutes. If 68% of the assembly times are between 40 and 46 minutes, what is...
-
Why is a handshake agreement a potentially dangerous form of business alliance? Are there any circumstances under which such an agreement may be appropriate?
-
Why is defining the scope of a business alliance important?
-
Suppose that the production of penicillin generates pollution of the Columbia River, which is gradually killing a valuable fish population. Among other problems, fishermen in the area are...
-
1) A developer approaches you after hearing you are involved with the cloud migration. The developer states that he is used to configuring his own workstation with needed software but that this...
-
If you need to implement 5G system, discuss the following considerations: 1. Cells and geography coverage: how to cover more areas in a building. (10 marks) 2. Frequency range, macrocell, microcell,...
-
Describe the process that are involves in data communication from sender to receiver as shown in the illustration.
-
1. Indicate whether you agree or disagree (or partially agree/disagree) with the statement below and explain why. "When we use puts to sell commodities, we are creating a minimum selling price for...
-
CASE 2: STAFFING: CHRISTIAN CORPORATION The department manager hold a regular staff meeting with her four sections heads confining each meeting to one chief problem. On this day, the subject was the...
-
If a creditor accepts as full payment an amount that is less than the amount due, the dispute has been settled by promissory estoppel. True/False
-
CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...
-
Find the monthly payment for the loans in Problems 33-44. \(\$ 3,520\) loan for 30 months at \(19 \%\)
-
A profitable wood products corporation is considering buying a parcel of land for $50,000, building a small factory building at a cost of $200,000, and equipping it with $150,000 of MACRS 5-year...
-
A small vessel was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation . When its requirements changed suddenly, the chemical company leased the vessel to an...
-
Xon, a small oil company, purchased a new petroleum drilling rig for $1,800,000. Xon will depreciate the drilling rig using MACRS depreciation . The drilling rig has been leased to a drilling...
-
Once you've chosen your company or product, explain why you would not purchase from that company or that product. Be sure to give an argument making use of moral principles to support your statements.
-
What mechanisms do you employ to monitor and evaluate the effectiveness of strategic plans, utilizing key performance indicators (KPIs) and other performance measurement tools to gauge progress and...
-
Your elderly neighbor places a bag of corn kernels on your doorstep each morning. The first day, the bag contained 1 kernel of corn, the second day it contained 2 kernels of corn, 4 kernels of corn...
Study smarter with the SolutionInn App