Question: Briefly describe the differences between a subchapter S corporation and a limited liability company

Briefly describe the differences between a subchapter S corporation and a limited liability company

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 Finance Questions!

Q:

1. It has often been said that a business should begin with a vision or mission statement. Explain what it means. 2. How do the financial markets accommodate the needs of both risky firms and very...

Q:

Briefly describe the differences between a subchapter S corporation and a limited liability company.

Q:

Match the definitions to the term Partnership Proprietorship Limited Partnership Corporation Legal Capacity Carocco treated as partners for tax purposes The ability of an organization to sue, be...

Q:

In your advice to Jimmy, you want to advise him he should try to accomplish two goals: avoid double taxation and have limited personal liability protection as an owner of the business. Therefore to...

Q:

Macrotell sells its software CD's without any mention of the word "warranty" on the advice of its legal department. There is a brochure in every CD box that provides for a rebate and describes the...

Q:

Which of the following forms of business is most appropriate to seek foreign investment in an initial public offering(IPO)? 1) Subchapter S corporation 2) Subchapter C corporation 3) a limited...

Q:

Answer all circled questions. Also Show works for multiple choices that requires computation 1. What are the advantages of operating a business as a partnership rather than as a corporation? What are...

Q:

One of the advantages to the standard limited liability form over the Subchapter S corporation form is that: A) The Subchapter S form does not provide full shield insulation or liability for its...

Q:

Which of these statements is correct? The development stage occurs between the startup and survival stages of a venture's life cycle The early-maturity stage is the final stage of a new venture's...

Q:

You need to describe your entire business proposal. Do not be confused. The task is looking for more than a simple re-hash of your product or service write-up that you may have proposed in an earlier...

Q:

The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of...

Q:

Paralel conducting tracks, separated by 2.50 cm. run along y-axis. There is a uniform magnetic field of 8 = 3.75 T polnting along 2-axis (out of the pagel A cylindrical metal rod is placed across the...

Q:

i am a financial management student who studying merger and acquisition for my upcoming test. please teach me the basic from zero

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

4. Explain the strengths and weaknesses of each approach.

Q:

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

Q:

3. Identify the methods used within each of the three approaches.