Twenty years ago, the accounting partnership of Stevens, Thomas & Ginsburg became a professional corporation. They were
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Twenty years ago, the accounting partnership of Stevens, Thomas & Ginsburg became a professional corporation. They were the first in their area to make this change, and they sometimes bragged about how farsighted they were. Recently, their state passed an LLC statute. Many accountants are becoming LLCs, but not Stevens, Thomas & Ginsburg. What is holding this farsighted firm back?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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If Stevens Thomas Ginsburg became an LLC the IRS ...View the full answer
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Related Book For 
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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