The possible management structures and key terms of any operating agreement that must be considered to form an LLC are related to responsibility sharing, as an LLC is a type of entity owned by its partners.
Some features of the LLC are:
- Less formality.
- Tax savings.
- Flexible management.
- Simple organizational structure.
Therefore, the LLC is a single hybrid entity, more streamlined than a corporation, with the advantage that this proprietorship has limited liability protection.
Management is also more flexible, with decision-making being possible to be shared among its members, regardless of hierarchy.
It is also important to highlight the taxes, as in an LLC the taxation is simpler, with the losses and gains being reported in the tax returns, which helps to offset the income.
So this is a more streamlined and protected form of partnership that can be managed by a group of members more securely than a corporation.
It has less formal requirements to exist, and in case of bankruptcy or debt, there is greater protection for each member's personal property, as in an LLC the debts and obligations cannot be greater than the initial capital invested in the company.
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Answer:
B) "I'll be pleased to show you houses in any area that you're interested in."
Explanation:
The Fair Housing Act of includes a set of legislation that protect prospective buyers from discrimination based on race, color, religion, national origin (Title VIII of the Civil Rights Act of 1968), gender (Housing and Community Development Act of 1974), and disability and family status (Fair Housing Amendment Act of 1988). Collectively all these laws are known as the Fair Housing Act.
Other laws prohibit discrimination when selling, renting or financing a house (Equal Opportunity Housing law).
Both laws are enforced by the Office of Fair Housing and Equal Opportunity (FHEO) which is a federal agency dependent on the Department of Housing and Urban Development.
Answer:
The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
Answer:
Audit
Explanation:
Financial auditing is the process of examining an organization's (or individual's) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.
External auditors come in from outside the organization to examine accounting and financial records and provide an independent opinion on these records. Law requires that all public companies have their financial statements externally audited.
Internal auditors work for the organization as internal employees to examine records and help improve internal processes such as operations, internal controls, risk management, and governance.
