Question: What advantages does a limited liability company offer over an S corporation? Over a sole proprietorship?

What advantages does a limited liability company offer over an S corporation? Over a sole proprietorship?

Step by Step Solution

★★★★★

3.54 Rating (182 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The Limited Liability Company has similarities to an S corporation It is a cross between a pa... View full answer

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

Document Format (1 attachment)

Word file Icon

191-B-M-L-B-P (34).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Q:

What advantages does a limited liability company (LLC) offer over an S corporation?

Q:

What advantages does an LLC offer over an S corporation? Over a sole proprietorship? (LO 6: Describe the features of the LLC)

Q:

What are the advantages of a limited liability company compared to an S corporation?

Q:

A ( n ) _ _ _ _ _ _ _ _ has 1 0 0 or fewer shareholders and does not pay federal income taxes.Save A . limited liability company B . franchise c . S corporation D . E . partnership sole proprietorship

Q:

usace 33% 3:52 PM Read Only - You can't save change. .. 25) The person who assumes full co-ownership and joint liability in a partnership is a A) general partner B) limited pariner E) sole proprietor...

Q:

Can someone please help with this question? Please only do it if you are 100% with the answer. Please respond asap. Note: A-D has the same answers as seen in screenshot. and the second A-D has the...

Q:

Can someone please help with this? Please only answer if you 100% know the answer. Please respond asap. Question 6 Australian Bureau of Statistics (ABS) recently released a report measuring the...

Q:

what is the type of ownership pattern in each mini case study ? business laws and ethics 7:47 Done True_Form_Activity_qebDXz3_f5... TRUE FORM: MINI CASE STUDIES Directions: Read each of the following...

Q:

he most logical business form for most small business owners is usually the Sole Proprietorship, because income is taxed at the rate of the owner s tax bracket. a Partnership, because the owners can...

Q:

Entrepreneurship Chapter 2 Discussion Questions: 1. How do we know whether an idea has the potential to become a viable business opportunity? 2. Identify three types of startup firms. Salary...

Q:

Contrary to the usual thinking that the customers come first, (Holbreche, 2018) suggests a different shared value, enhancing employees first and then customers. It is done by enthusing and...

Q:

A machine cost $235,000 and had accumulated depreciation of $200,000 when it was sold for a loss of $10,000. It was a cash sale. How much cash did the company collect for the sale and how would it be...

Q:

How the customer evaluates a product or service and compares it with alternatives is called _ _ _ _ _ _ _ _ _ _ . Intent Awareness Interest Consideration

Q:

Which of the following represent all of the products of the following reaction? NBS hv Br Br Br Br Br Br B. D E O B, D, F O A, B O AD B, C, D. F A, B, D, F O A, B, E

Q:

A bundle of pipes consists of N pipes. Diameter of each pipe is d. This bundle opens into a large pipe with a diameter of D. An incompressible fluid passes through the system. Analyze this system...

Q:

Table P-15 gives the 120 monthly observations on the price in cents per bushel of corn in Omaha, Nebraska, Determine the best ARIMA model for these data. Generate forecasts of the price of corn for...

Q:

Describe how a small business owner could use paying attention to convenience for a competitive advantage.

Q:

Describe how a small business owner could use an emphasis on speed for a competitive advantage.

Q:

Describe a negative service experience you have had with a company and your likeliness of doing business with that company in the future.

Q:

Problem 1.1 Not all probability distributions or their inverse are always easy to calculate, e.g. using Excel functions. In such cases, simulation can often be used. Here are a couple of such...

Q:

Hubbard's Pet Foods is financed 80 percent by common stock and 20 percent by bonds. The expected return on the common stock is 12 percent and the rate of interest on the bonds is 6 percent. Assuming...

Q:

What are the advantages of Event - Driven programming