1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
2 years ago
8

Today, _______ recognize LLCs and provide both procedural (formation) and internal default rules (in the event the parties are u

nable to agree otherwise) for the operation of LLCs.
Business
1 answer:
prohojiy [21]2 years ago
6 0

Today, all states recognize LLCs and provide both procedural (formation) and internal default rules (in the event the parties are unable to agree otherwise) for the operation of LLCs.

<h3>What is LLC?</h3>
  • A limited liability corporation (LLC) is a private limited company in the US. It is a type of company form that can combine the limited liability of a corporation with the pass-through taxation of a partnership or sole proprietorship.
  • According to state law, an LLC is not a corporation; rather, it is a type of firm that offers its owners limited liability in many jurisdictions.
  • The freedom that LLCs give business owners is well recognized; depending on the scenario, an LLC may choose to use corporate tax laws rather than being classified as a partnership, and, in some cases, LLCs may be structured as not-for-profit entities. Businesses that offer professional services in some states of the United States must have a state professional license.

To learn more about LLC with the given link

brainly.com/question/15181909

#SPJ4

You might be interested in
Which one of the following statements is correct with respect to coinsurance used with commercial insurance policies? A. The rat
Grace [21]

Answer:

D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.

Explanation:

Coinsurance is the amount which is fixed cost payable by the insurance seeker in order to provide claim against the risk. The coinsurance rate is decided based on the risk nature. If the risk is high the coinsurance rate will be higher so that insurance coverage is maximum.

5 0
3 years ago
The town of Gracie has established a permanent fund to account for numerous significant gifts intended to maintain a cemetery in
Viktor [21]

Answer: B. Restricted Fund Balance

Explanation:

A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

4 0
4 years ago
What criteria cannot be used to create a custom segment?.
labwork [276]

Answer:

When a report is based on data from a large number of sessions you may see the following notice at the top of the report This report is based on  sessions.You can adjust the sampling.

Explanation:

hope this helps

6 0
2 years ago
Employees at Acme Express are dissatisfied with the working conditions, salary, and the general attitude of the management. Mark
Sliva [168]
A) exit because she leaves the unfavorable situation
7 0
4 years ago
Southwest Airlines (SWA) has enjoyed a sustained competitive advantage, allowing it to outperform its competitors over several d
larisa [96]

Answer:

resource immobility

Explanation:

"Resource Immobility" refers to<em> the ability of a company to enjoy a comparative advantage of its resources because other companies cannot easily copy their strategies and resources. </em>

So, in the situation above, the Southwest Airlines' (SWA) <u>offerings</u> (strategy) are <em>imperfectly imitable</em> by Continental and Delta. This makes the offerings by SWA valuable to the company. This has given the company a sustained competitive advantage over several decades since the other companies have a hard time copying it.

In this kind of scenario, the strategies and resources that are hard to imitate are often rare and costs a lot to organize.

5 0
3 years ago
Other questions:
  • The method used by managers when comparing unit costs with budgeted costs or other measures is broadly known as: Multiple Choice
    6·1 answer
  • Advance Payments for Goods The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52-week subscription sells
    5·1 answer
  • b. Assuming that college costs continue to increase at 4% per year and that all her college savings are invested in an account p
    5·1 answer
  • Q 8.6: what happens if the amount of uncollectible account expense is overstated at year end?
    10·1 answer
  • Wholesale insurance brokers (also called excess and surplus lines brokers) are intermediaries between:
    14·1 answer
  • In situations of sticky prices and negative demand shocks, we would expect firms to A. deplete inventories before increasing pro
    7·1 answer
  • Jeremy operates his own small business, but he doesn't want to be bothered with accounting information. He tells his friends, "A
    13·1 answer
  • Hurricane Irene was forecast to hit the Mid-Atlantic/Northeast about a week before it arrived. The plan to evacuate the Outer Ba
    13·1 answer
  • Sign Reading Quiz<br> of 10: True or False: A menu should have many photos.
    7·1 answer
  • When picking an order at Amazon what should I do with perfume
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!