What is a limited liability corporation? Discuss its advantages and disadvantages. You can search the Internet for
Question:
What is a limited liability corporation? Discuss its advantages and disadvantages. You can search the Internet for the brief IRS Publication 3402, Taxation of Limited Liability Companies, which includes a section describing this newer form of business organization.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
ANSWER A Limited Liability Company LLC is a US legal entity commonly used for business ownership operation and protection Lets delve into its advantag...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Construction Management
ISBN: 9781119256809
5th Edition
Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Question Posted:
Students also viewed these Business questions
-
an operation that yields a N aN value when neither of its arguments is a N aN, (b) an operation with finite arguments that yields +, (c) an operation with an argument + that yields a finite result....
-
The final project for this course is the creation of a memorandum with an appendix of supporting IRS forms and schedules . Working as an accounting associate in a financial organization requires the...
-
3. Consider the following reaction and kinetic data: 2 HgCl2(aq) + C2O4 (aq) 2 Cl-(aq) + Hg2Cl2(aq) + 2CO2(g) Expt. # [HgC](M) [CO2] (M) Initial rate (Ms) 1 0.10 0.15 1.8 x 10-5 2 0.10 0.30 7.2 x...
-
A three-dimensional elasticity problem of a uniform bar stretched under its own weight gives the following strain field: where A and B are constants. Integrate the strainedisplacement relations to...
-
"I really don't think you understand what parallel or concurrent new product development is all about. You said you had studied in your course that all of the functions get involved. No, concurrent...
-
Prove in cylindrical coordinates that (a) x 1 (V) = 0 (b) ( x A) = 0
-
A stock price is governed by \[\frac{\mathrm{d} S}{S}=\mu \mathrm{d} t+\sigma \mathrm{d} z\] where \(z\) is a standardized Wiener process. Interest is constant at rate \(r\). An investor wishes to...
-
What does it mean to isolate the technical core of a business?
-
Suppose the goods market is: Y = 1800 - 100i and the LM curve Y = 500 +591, where x is the last digit of your ID number. Determine the equilibrium income (Y), interest rate (i). Explain the role of...
-
Many banks and similar lending institutions require that the chief executive officer (CEO) of small corporations (which usually are owned by the CEO and a few relatives) cosign any loan made to the...
-
Uncle Fudd has decided to sell his ownership in Cougar Construction, Inc., to Cousin Elmer. How would the legal firm handling this transaction determine a fair price per share?
-
Petrobras is a Brazilian state oil company engulfed last year by a multibillion-dollar bribery and kickback scandal. Would global investors really lend it money for 100 years? Well, yes, they would....
-
What are some effective marketing strategies and techniques to search for a job in accounting and payroll? List them
-
Which one of these types of investments is best suited for matching the maturity value of the investment portfolio with the expected loss payments? Available answer options Select only one option A...
-
According to the plan presented by the company "El guila" to the Head of the "Los ingenios" Workshop, it is observed in the box and list of materials of the plan that the manufacture of 20 staggered...
-
Una empresa est implementando un nuevo proceso de produccin para un dispositivo electrnico complejo. Durante la etapa de ensamblaje, el producto pasa por diversas operaciones. Cul de los siguientes...
-
Una empresa biofarmacutica mexicana dedicada a la investigacin, desarrollo, manufactura y comercializacin de productos farmacuticos para la salud, est considerando implementar la robtica colaborativa...
-
At the end of its fiscal year, the trial balance for Andy's Cleaners appear as shown below: The following information is also available: a. A study of the company's insurance policies shows that $680...
-
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
-
The partition wall shown below is to be constructed of 8 16 6 block. Estimate the cost of the wall to include labor, materials, and contractor O & P using the R. S. Means building cost data or...
-
What is the difference between labor cost and labor productivity? Use a sketch to illustrate.
-
What is meant by contractor O & P? Give three components that are considered in the O & P.
-
Describe a TV show or movie you have watched that shows culture shock. How did the character or characters express their emotions and who if anyone helped them to adapt?
-
How would you describe the communication used at your agency, with clients, among staff, and between staff and supervisors? What is going well and what critique do you have? In what ways would you...
-
Explain the following Mass communication Mass media Shannon-Weaver model (classical model of communication) Interpersonal communication Intrapersonal communication Bloggers The Roman Catholic Church...
Study smarter with the SolutionInn App