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spin [16.1K]
3 years ago
9

Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as

the only member of the LLC, will make all relevant decisions, contribute all of the investment, and be responsible for all of the risks and rewards. Tuller's proposed LLC will be accepted by:______.a. a majority of states. b. a few states. c. all states, as no state requires at least two members to create an LLC. d. no state, as at least two members are uniformly required to create an LLC.
Business
1 answer:
melisa1 [442]3 years ago
3 0

Answer: a. A majority of states

Explanation:

Limited liabily company is a private company whose owners are responsible for it's debt in correspondence to the capital they've invested into it. Limited liabily are registered as organization, most cases the stucture is dependent on investment and capital. Tiller proposal would be accepted by majority of the states as they see his firm as a responsible one in handling it's duties even though it's only Tiller that performs most of the operations.

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Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
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Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
What is the customer demand in the uk for international foods?<br><br> need a detailed answer please
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5 0
3 years ago
Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand
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Answer:

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6 0
3 years ago
What are prenuptial contracts?​
Monica [59]

Answer:

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Explanation:

A prenup typically lists all of the property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage.  

7 0
3 years ago
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Managerial accountants could prepare all of the following reports except a.a sales report targeting monthly sales and potential
lisabon 2012 [21]

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3 years ago
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