Josue is part of a business entity in which the parties are protected against personal liability for business debts.What type of business entity is this? Is it able to be registered as a brokerage? It is an LLC. It may NOT be registered as a brokerage It is an LLC. It may be registered as a brokerage. It is a corporation. It may be registered as a brokerage. It is a corporation. It may NOT be registered as a brokerage

Josue is part of a business entity in which the parties are protected against personal liability for business debts.What type of business entity is this? Is it able to be registered as a brokerage? It is an LLC. It may NOT be registered as a brokerage It is an LLC. It may be registered as a brokerage. It is a corporation. It may be registered as a brokerage. It is a corporation. It may NOT be registered as a brokerage

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section15.5D: Liabilities And Owners’ Equity

Problem 3CC

See similar textbooks

Similar questions

Josue is part of a business entity in which the parties are protected against personal liability for business debts. What type of business entity is this? Is it able to be registered as a brokerage? It is an LLC. It may be registered as a brokerage. It is an LLC. It may NOT be registered as a brokerage. It is a corporation. It may be registered as a brokerage. It is a corporation. It may NOT be registered as a brokerage.
1. Define risk retention and explain why a large corporation may be able to use this technique more effectively than a small company.
It is easy to transfer ownership of shares of corporations from one person to another. Select one: True False
A partnership agreement should include all of the following EXCEPT: (A) An indication of each partner's percentage of profits or losses. (B) The amount of cash or property which has been contributed by each of the partners. (C) How reimbursements for out-of-pocket expenses will be handled. (D) The amount of each partner's salary that they will receive each year.
Why does the Company performs the Function of dividend Payment itself that Only the small corporations or the corporations that have no/minimal complex equity structure pays the dividends itself without relying on the outside services of an independent dividend paying agent?
What conflicts of interest can arise between managers and stockholders? What are the assurances that investors and creditors seek from a firm?
Discuss the characteristic of the following companies:1. Limited and unlimited companies2. Public and private companies3. Related companies
(1) If you were on the board of directors at a companyand the CEO proposed a merger with a topcompetitor, what types of questions would you wantanswered before you gave your approval? (2) If aCEO has an opportunity to merge with or acquireanother company and is reasonably certain that thetransaction will benefit shareholders, is the CEOobligated to pursue the deal? Why or why not?
What are the main differences between a private and a public company?
Suppose a partnership is set up and operated without a formal partnership agreement. What problems might arise? Explain
1. The reasons for involving more than one person in ownership or operation of a business entity do not include: a. The ability to shift risks to third persons. b. The ability to diversify risks. c. The ability to achieve economies of scale. d. All of the above are reasons to involve more than one person. 2. “Agency cost” means: a. The commission that is paid an agent for obtaining a contract. b. The pay due to one’s employees. c. The costs to the principal associated with an agent’s motive to serve him or herself. d. Profit-sharing or other arrangements to align an agent’s motives with those of his or her principal. 3. “Limited liability” means: a. That an investor cannot lose his or her investment. b. That an investor cannot lose more than his or her investment. c. That an investor can lose his or her investment and may be responsible for a designated percentage or amount in excess of his or her investment. d. That an investor must refrain from active management in order to limit…
4. What is the purpose of having an independent internal audit function in a publicly-listed corporation?