All categories

1 year ago

A limited liability company is created through filing the ________ with a state official.

1 answer:

3 0

The formation of a limited liability company is accomplished by filing the limited liability company (with a state official.

A limited liability company is a corporate structure that protects its owners from being personally sued for repayment of the company's debts or liabilities (LLC).

How we form an LLC?

Although the rules for LLCs differ per state, there are some broad similarities. The first step for owners or members is to pick a name.
Articles of incorporation are filed, together with a fee paid to the state. After that, the articles of incorporation can be recorded and filed with the state.
These articles define each LLC member's rights, responsibilities, powers, liabilities, and other obligations.
The paperwork also include the names and addresses of the LLC's members, the name of the registered agent, and the company statement of purpose.

To learn more about LLC

Visit: brainly.com/question/14151441

#SPJ4

You might be interested in

Beckett, Inc., has no debt outstanding and a total market value of $200,000. Earnings before interest and taxes, EBIT, are proje

FrozenT [24]

Answer:

Beckett, Inc.

Earnings Per Share:

a-1. Earnings Per Share:

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Earnings per share:

Recession = $24,000/8,000 $3.00

Normal = $30,000/8,000 $3.75

Expansion = $35,400/8,000 $4.43

a-2. Percentage changes in EPS:

Recession = -$0.75/$3.75 x 100 = -20%

Expansion = $0.68/$3.75 x 100 = 18.13%

b-1. EPS after recapitalization:

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Interest at 8% $8,000 $8,000 $8,000

Earnings after interest $22,000 $27,400 $16,000

Earnings per share:

Recession = $16,000/8,000 $2.00

Normal = $22,000/8,000 $2.75

Expansion = $27,400/8,000 $3.43

b-2. Percentage changes in EPS:

Recession: -$0.75/$2.75 x 100 = -27.27%

Expansion: $0.68/$2.75 x 100 = 24.73%

Explanation:

1. Data:

Market Value = $200,000

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Issue of debt for $75,000 with 8% interest

Proceeds to repurchase shares of stock.

Outstanding shares = 8,000

Ignore taxes

5 0

3 years ago

Consider the following statements, and indicate which variable is an independent variable and which variable is a dependent vari

Kobotan [32]

Answer and Explanation:

A. When the employees are more educated and have the higher income as compared with the less educated employees so here education would be indepedent variable and the income is dependent variable. Also the relationship between these two variables i.e. education and income is positive

Therefore the same is relevant

8 0

2 years ago

The financial statements of the larson company report net sales of $1,000,000 and accounts receivable of $80,000 and $60,000 at

stepan [7]

<span>To calculate the average collection period: the average accounts receivable balance divided by average credit sales per day. With $1,000,000 per year, that is $2739.73 per day. The average accounts receivable is ($80,000 + $60,000) / 2 = $70,000 $70,000 / $2,739.73 = 25.6 days</span>

4 0

3 years ago

Suppose the cost of flying a 100-seat plane for an airline is $50,000 and there are 10 empty seats on a flight. The average cost

Svetlanka [38]

Answer:

$500

Explanation:

The average cost per seat will be the total cost per plane divided by the seating capacity.

Therefore, the average cost of $50,000 divide by 100 seats

=$50,000/50 seats

=$500

3 0

2 years ago

QS 9-9 Recording warranty repairs LO P4 On September 1, Home Store sells a mower (that costs $220) for $520 cash with a one-year

yKpoI14uk [10]

Answer and Explanation:

The journal entries are shown below:

On September 1

Cash $520

Sales $520

(Being the sale is recorded)

On September 1

Cost of goods sold $220

To Merchandise inventory $220

(Being the cost is recorded)

On September 1

Warranty expense $41.6 ($520 × 8%)

To Estimated warranty liability $41.60

(Being the warranty expense is recorded)

On July 24

Estimated warranty liability $36

To Repair parts inventory $36

(Being the estimated warranty liability is recorded)

6 0

2 years ago