Question: Ronnie, James, and Macy agree to form a computer technology business. All three agree to invest in the company and want to participate in company

Ronnie, James, and Macy agree to form a computer technology business. All three agree to invest in the company and want to participate in company management. However, they want to make sure that their liability is limited to their capital contribution. They would also like to avoid any double-taxation issues. Fully discuss two business organization entities that would meet their criteria, addressing the characteristics and requirements of both (10pts.)

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 Law Questions!

I am having trouble with a question for an assignment that I am working on for a class. Here is the assignment: Scenario The potential for corporate fraud is always a consideration when using or even...

Ronnie, James, and Macy agree to form a computer technology business. All three agree to invest in the company and want to participate in company management. However, they want to make sure that...

Using the Article below, make one page case based on the article and come up with three questions from the case and an answer key. Criteria for the case: Incorporates information from the case...

10-K Ford Motor Company Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company?s 10-K and how it interprets the firm?s financial strength. Write a description of three...

Benchmarking: An International Journal Impact of e-procurement on procurement practices and performance Gioconda Quesada Marvin E. Gonzlez James Mueller Rene Mueller Downloaded by UNIVERSITY OF...

Case Study for it. NA0367 Qadri-Group: Sustaining Beyond the First 100 Years Muhammad Shakeel Sadiq Jajja, Lahore University of Management Sciences Syed Zaboor Hassan, Lahore University of Management...

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a ?trigger?? Consider you are on the strategic planning team for a soft...

Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve....

I am working on a group project and I am working on assignment 5. I have attached the assignment and the financial report I need to work off of. I would like some one to help me with this. Please let...

Consider firm A and B with identical assets. A is an all-equity firm with 1 million shares outstanding trading for $24 per stock. B is a levered firm with 2 million shares outstanding and $12 million...

DIVIDEND ALLOCATIONS Situation 1 Espino Company has the following stock outstanding: Common Stock Preferred Stock 100,000 shares..9,000 shares $0.50 par value.$20 par, $2 dividend The amount...

3 3 8 9 memt angens with moduc 1 ovjectives dule 7 objectives 1 - 3 . Question 4 When an individual obtains a car loan and makes all of the regular monthly payments, the sum of the payments made wi...

Aggregate inventory data suggests that while overall average inventory levels are declining, the relative percentage being held by manufacturers in increasing. Explain why you think this observation...

The following information pertains to Palmer Townships construction and financing of a new administration center: Estimated total cost of project ... .. . . . .. .. .... .. ... . . .. . . . . .. . ....

Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On...

So the project involves more than simply performing maintenance work on the current programs, Chip says. Are we using a formal methodology for analyzing and designing the new system? Yes, replies...

Pratt Corp. started the accounting period with $30,000 of assets, $12,000 of liabilities, and $5,000 of retained earnings. During the period, the Retained Earnings account increased by $7,550. The...

1. Explain how Compensation can impact the following a) Legal Compliance b) Employee motivation c) Employee Retention d) Recruitment

The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.