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zavuch27 [327]
3 years ago
15

When Dave, Dan, and Darwin lost their jobs during the recent recession, they pooled their resources, borrowed a little more, and

bought a couple of houses to renovate. Darwin was a single guy with two other residential properties that he rented out. Dan and Dave had families with college-age children; they owned their homes, and Dan had a wife who worked at a professional job. All three were concerned about the risk involved in owning their own business, particularly the risk of losing personal assets. As their advisor, which of the following forms of business ownership would you recommend?
a) Limited liability company
b) Sole proprietorship
c) General partnership
d) Master limited partnership
Business
1 answer:
blagie [28]3 years ago
7 0

Answer:

a) Limited liability company

Explanation:

Limited liability company is one of the specific types of business structure that is followed in the United States. This structure excludes the partners or the owners to possess the liabilities of the debts and liabilities of the company. This will help the partners limiting the liabilities. An agreement is made which helps in the protection of the liabilities. The owners' personal assets are separated from the asset of the company thereby reducing the debts and liabilities.

In the given excerpt, the best advice to be given to the partners, Dave, Dan, and Darwin as an advisor would be to adopt a limited liability company. This would help them not to keep their personal assets in stake for their business.

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6 0
3 years ago
A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home
lana [24]

The amount of money that Eric will have after 5 years given the initial amount and the interest per year (which we will assume to be compounded)

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Substituting,

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4 0
3 years ago
X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and ac
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Answer:

Explanation:

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= $56,913

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= $51,157.84

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= $5755.62

6 0
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Answer:

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Explanation:

7 0
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