Question: A ( n ) _ _ _ _ is an unincorporated business association that provides limited liability to all of its owners and permits all

(

)____

is an unincorporated business association that provides limited liability to all of its owners and permits all of its owners to participate in the management of the business.

.

limited liability company

.

association of fiduciaries

.

general partnership

.

limited partnership

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The term ________ refers to a secured creditor's repossession of collateral on a debtor's default and selling, leasing, or otherwise disposing of it in a commercially reasonable manner. A....

1. A sole proprietorship: (a) Must file a tax return (b) Requires no formal steps for its creation (c) Must register with the secretary of state (d) May sell stock (e) Provides limited liability to...

which taxpayer will not file schedule c to report business activity ? A Bcky and Chris are married filing joint return they are the only owners of business and they materially participate The...

Which taxpayer will NOT file Schedule C (Form 1040) to report business activity? A- Becky and her spouse Chris are married and file a joint return. They are the only owners of a business in which...

Starting a Business/Creating an LLC The process of starting a business is extremely timeconsuming. A successful entrepreneur is aware that careful attention to legal issues is an essential component...

Multiply Choice 1. A sole proprietorship: (a) Must file a tax return (b) Requires no formal steps for its creation (c) Must register with the Secretary of State (d) May sell stock (e) Provides...

I need help with putting together the tax forms as describe in Milestone 4. I also attached the overview for the entire project and the everything up to this point written in the document labeled tax...

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

Hello, I havetwo articles about S Corp. and C Corp., and IJUST need towrite a conclusion paragraph based on professor's questions. can you help me to write it? Articles are attached Accounting...

Under what conditions is the engineering estimates technique preferred to other estimation techniques?

Provide briefly the reasons to choose the THREE listed firms below. Milux Corporation Berhad . Niche Capital Emas Holding Berhad. Panasonic Manufacturing Malaysia Berhad. Report the presentation and...

Your friend knows that you recently attended the Fraud Awareness training and has come to you for advice. He suspects a colleague of committing fraud. Explain the four tips / pointers you would give...

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...