Define Limited liability company.

Q: A company that is controlled by another corporation is called a Select one: O a. Limited liability…

A: Introduction: Limited liability: When the business in to losses , the liability of the members is…

Q: What is ‘corporate liability’. Provide examples to illustrate your answer and refer to legislation…

A: Corporate Liability is vicariously liability where the company liable for the acts of an employees…

Q: Characteristics of a corporation include

A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…

Q: What's a limited liability company and give one advantage and disadvantage

A: A limited liability company is a separate legal entity from their owner and it has their own common…

Q: Explain the reasons for preparing and providing a shareholder agreement.

A: The shareholder agreement is the agreement between the shareholders and the board of the company. In…

Q: ________ are a portion of the ownership of a company or cooperation.

A: COLLECTIVELY , SHARES ARE KNOWN AS STOCK AND ONE SHARE OF STOCK REPRESENT PART OWNERSHIP OF A…

Q: can an LLC be a shareholder in an S corp? please provide proof

A: Investors are given shares of stock by a corporation, which signifies ownership in a company. One of…

Q: Prepare a summary of the effects of the TCJA on the following entity types: S Corp, C Corp, LLC, and…

A: The objective of this question is to understand the impact of the Tax Cuts and Jobs Act (TCJA) on…

Q: llowing categories of owners have unlimited liability? Select one: a.    both A and B b.    sole…

A: Introduction : In simple words, the concept of unlimited liability refers to the situation under…

Q: Define benefit corporation (B-Corp)

A: Benefit corporation:  A benefit corporation is a kind of for-profit corporate organizations,…

Q: Explain publicly owned corporation

A: Publicly owned corporation: A publicly owned corporation is a corporation whose proprietorship is…

Q: Define corporation and explain the effects of the continuous inoperation of a corporation.

A: Corporation: A corporation is a legal entity that exists independently of its owners and has its own…

Q: Distinguish between internal and external sources of finance for a limited liability company

A: Financing means arranging the funds from different sources to meet the company’s needs and operate…

Q: what are the advantages of an LLC versus operating as a C Corporation, and  S Corporation

A: A limited liability Company (LLC) is a business structure for private companies in the US. It…

Q: Identify the business entity form that does not provide limited liability for its owners. a. limited…

A: A sole proprietorship, a corporation, or a person may own and manage a sole proprietor in the same…

Q: Corporations offer the advantage of limited liability. Explain what is meant by that statement.

A: Corporation: A business concern where there is a separate legal entity, and are owned by…

Q: Document analysis of sole proprietorship

A: The business can be run in any form like sole proprietorship, partnership firm, or a company. To…

Q: Distinguish between private and public syndicates' use of limited partnerships

A: Distinguishing  between private and public syndicates' use of limited partnerships:

Q: Characteristics of a corporation include a.shareholders who are mutual agents b.direct management by…

A: Shareholders are considered as the owner of the corporation but their liability are limited to the…

Q: sole proprietorship is the current business structure, what are the benefits and drawbacks of an…

A: Answer: LLC is limited liability company. The benefits of LLC are: 1. LLC is easy to setup and run…

Q: any (LLC)? A. Complex

A: To explain the feature of LLC as,

Q: What is limited liability corporation (LLC)?

A: A corporation is an entity which is distinct from its owners. A corporation acts as a legal person.…

Q: Which type of business structure requires that all shareholders be licensed? Question 1 options: a)…

A: A corporation is a separate legal entity created under the eyes of the law, i.e., a formal…

Q: How Limited liability is different to unlimited liability? Briefly explain with an example of…

A: Limited liability is the type of organization where loss to the corporation will not exceed amount…

Q: Two of the business organizational forms your book talks about are limited liability company (LLC)…

A: limited liability company - It is a company wherein if any debt arises of the business then the…

Q: Limited liability for a company applies to: Select one: a. the shareholders b. the individual…

A: Limited liability is a type of legal structure for an organization where a person's financial…

Q: w does a company obtain LLC status?

A: In the United States, a limited liability company (LLC) is a business structure that shields its…

Q: Owners enjoy limited liability in a a) partnership b) corporation c) sole proprietorship d)…

A: Solution: Corporations are separate legal entity from owners / shareholders. In corporations, owners…

Q: Which among the following form of business organization can issue shares to the general public? a.…

A: There are different forms of business organisation that are: Sole Proprietorship Partnership…