An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.
A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.
Answer:
True
Explanation:
According to Thomas Duening and Robert Hisrich book "Technology Entrepreneurship: Taking Innovation to the Marketplace", the direct purchase has some problems: long-term capital gain to the seller and double taxation. The bootstrap purchase eliminates those problems: the acquiring company can acquire a small amount of the firm, 20 or 30% in cash and the remaining with a long-term note.
Answer:
1. The correct answer is option (G) Company history, industry trends, economic forecast.
(2) The correct answer is option (B) Pop culture trends
Explanation:
Forecasting sales is an important strategy to any business organisation. It opens them up to opportunities in the market. Forecasting is done in order to increase sales of company's products ans also to develop a business. During forecasting, the history of the company is very important since it makes customers to be easily convince.
Answer:
This situation brings up a potential conflict of interest for you.
Explanation:
"A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal (or self-serving) interests and professional duties or responsibilities. Such a conflict occurs when a company or person has a vested interest, such as money, status, knowledge, relationships, or reputation, which puts into question whether their actions, judgment, and/or decision-making can be unbiased. When such a situation arises, the party is usually asked to remove themselves, and it is often legally required of them."
Then you should ask to remove yourself from the new landscaping company decision making if your son's company is an option among them.
Reference: Segal, Troy. “How to Tell When's There's a Conflict of Interest.” Investopedia, Investopedia, 29 Apr. 2019
