Forming a corporation has the same advantages as forming an LLC, but the cost are lower. Is the statement true or false? Please answer
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Forming a corporation has the same advantages as forming an LLC, but the cost are lower.
Is the statement true or false?
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- Why are so many new businesses choosing a limited liability company (LLC) form of ownership? (Chapter Five Prepare your initial discussion by providing a detailed response with at least three paragraphs. A paragraph consists of 4 to 6 sentences. Prepare to defend your answer by incorporating at least two citations (MLA or APA format and one citation can be your textbook).Compare and contrast the (1) limited liability company (LLC) and (2) corporation forms of business organizations. If a person were to start their own business, which one of these forms would they choose? Why?It is easy to transfer ownership of shares of corporations from one person to another. Select one: True False
- One of the disadvantages of owning a corporation is that Multiple Choice O you will likely experience personality conflicts or other disagreements among partners. you must publicly disclose financial information. you will need discipline, putting the company's needs before your own desires. may have limited financial resources and few fringe benefits. creditors will not be able to hold you personally responsible for the corporation's debts.Every organization is formed into an entity of some sort, and is usually done to protect individuals from liabilities connected with business operations. If you were starting your own business, which entity formation would you use--sole proprietorship, partnership, LLC, or corporation? Why? Which entity formation would you never use? Why?Suppose you are going to explain in public what acquisitions and mergers of companies are. How would you give a conclusion?
- What are the legal requirements and considerations for forming a business entity, such as a corporation or a partnership?Articulate the advantages and disadvantages of partnerships, LPs, LLCs, and LLPs. Please be sure to include in your discussion the characteristics of each type of business entity and what makes them unique.In your opinion, what are the main advantages and disadvantages of organizing a firm as a corporation? If you were starting a business, would you use this option and why?
- TRUE OR FALSE A Partnership is a form of business in which two or more people operate for the common goal of making a profit.In a publicly held corporation, the board of directors is ________. Select one: A. elected by corporate officers B. elected by the employees of the organization C. the top executives running a corporation D. representatives of the shareholders E. comprised of institutional investorsThe key feature of the modern corporation is Limited liability O Private ownership Public accessibility Guaranteed profitability