<u>Data analytics</u><u>, llc, is a limited liability company. unless the articles of organization specify otherwise, it will most likely be assumed that the firm is </u><u>manager-managed.</u>
<u>What is a limited liability company LLC ?</u>
- A limited liability company (LLC) is a type of business structure that combines the traits of corporations and partnerships.
- It has TWO PRIMARY FEATURES: (1) the shareholders of corporations are granted limited liability; AND. (2) The tax treatment of a partnership.
What advantage does the LLC form of business ownership offer ?
- An LLC offers both the limited liability of a corporation and the tax status of a partnership.
- Benefits: LLCs are more flexible and let non-resident aliens, partnerships, and corporations join.
What is one benefit of a limited liability company over a corporation?
- The limited liability protection that the name suggests is an LLC's main advantage.
- An owner's personal assets may be protected from business debts and lawsuits asserted against the company if they operate through an LLC.
Learn more about limited liability company
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<span> a decrease in investment risk.</span>
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
