Question: Which business entity affords its owner ( s ) the limited liability benefits of a corporation and the flexibility of a general partnership? sole proprietorship

Which business entity affords its owner(s) the limited liability benefits of a corporation and the flexibility of a general partnership?
sole proprietorship
C corporation
limited liability company
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 Finance Questions!

Q:

Water vapor enters a compressor at 35 kPa and 160C and leaves at 300 kPa with the same specific entropy as at the inlet. What are the temperature and the specific enthalpy of water at the compressor...

Q:

Enabled: Unit 3 Exam Wability and therefore he wants to protect his personal assets, but he does not want to spend a lot of time, effort of money in starting the businews up of continuing the...

Q:

Please give us an information about a business that you would like to launch and identify the business entity that you would choose (Corporation, Limited Liability Company, Limited Liability...

Q:

Question 6 6 . 6 6 pts This form of business organization involves a single owner who bears unlimited liability. 1 q , Corporation Limited liability company Partnership Sole proprietorship

Q:

A________ is a form of business organization that combines the advantages of both a partnership and a corporation. limited liability partnership B. C Corporation C. general partnership D. limited...

Q:

All of the following business organizations provide limited liability to their owners EXCEPT q , q , general partnership. S - type corporation. corporation. limited liability company.

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Match the description of terms in the middle column with the terms on the far right column. Your Answer 1. This is income earned by a decedent at the time of death but not reportable on the final...

Q:

CAS E Risk Pooling ACME, a company that produces and distributes electronic equipment in the Northeast of the United States, faces a distribution problem. The current distribution system partitions...

Q:

Given the following information, what is the expected rate of inflation? Use the EXACT equation. ( enter your answer as a percentage rounded to two decimal places. Eg . 5 . 5 0 6 % should be entered...

Q:

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...