Answer:
The correct answer is:
Corporations, limited liability companies (LLCs), general and limited partnerships, and sole proprietorships.
These entities differ in terms of the formalities that must be observed to create them, the legal rights and responsibilities conferred on them and their owners, and the tax rules that determine how they and their owners will be taxed.
Explanation:
There are several important reasons, when opening a business in the US, to run the business under a limited liability company, corporation or other form of legal entity that has a separate legal existence to the business owner. The main reason for operating the business under a limited liability company or corporation is that it protects the personal assets of the business owner from the liabilities arising from the operation of the business.
One of the first decisions you will have to make as a business owner is the way the company should be structured. There is no single legal structure that is considered the best for all small businesses. The decision to start as a sole proprietor or the choice of one of the most complex organizational structures, such as a partnership, corporation or Limited Liability Company (LLC) depends on several
factors, including those listed below.
When choosing a type of entity, you should consider the following:
- Your vision about the size and nature of your company
- Number of co-owners of the company
- Relationship between owners and management
- Degree in which you will look for external investors
- Level of "structure" and formality for which you are prepared as a manager
- Expenses, in time and money, for the creation and maintenance of the entity
- commercial
- Vulnerability of the company to face demands and other obligations
- Tax implications of the different ownership structures
- Expected profits (or losses) of the company
- Whether or not you will have to reinvest profits in the business
- The need to access cash from the company for its use
- personal
By the middle of the eighteenth century, soil depletion and deforestation was now a threat to the economic and social development of some countries in Western Europe and Asia.
What is the primary reason for the soil's depletion?
Farming, industrial, and commercial pollution, loss of arable land owing to urbanization, overgrazing, and unsustainable agricultural methods, and long-term climate changes are all factors that contribute to soil degradation.
What and why did Europe lose its forests?
Industrial farming
Europe's deforestation started in the 1700s and 1800s when trees were felled for shipbuilding and as fuel.
The primary cause of forest loss is the conversion of forests into crops. It is primarily responsible for oil palm and soybean production, which, according to the UN Food and Agriculture Organization, accounts for at least 50% global deforestation .About 40% of the world's deforestation is caused by livestock grazing.
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Answer:
Explanation:
We solve by first, getting the quota Horatio pays on his loan:
PV 12,450
time: 10 yearss x 12 months per year = 120
monthly rate: 7.3% / 12 = 0.006083333
C $ 146.487
Now, we miltiply the quota by the quantity of payment ans subtract the principal to get the amount of interest paid:
quota times quantity of monthly payment: total amount paid
less principal: interest paid.
146.49 x 120 - 12,450 = 5,128,80
Answer:
The Accounts affected are :
- Cash
- Note Payable
Effect of this transaction is :
- Increase the Assets of Cash
- Increase the Liabilities
Explanation:
<u>The entry to record this transaction is :</u>
Cash $25,000 (debit)
Note Payable $25,000 (credit)
Being recognition of Note Payable arising due to signing of a two-year promissory note.
Answer:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
Explanation:
The journal entry is shown below:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
The computation is shown below:
For land
= 30,000 shares × $112
= $3,360,000
For Common stock
= 30,000 shares × $80
= $2,4000,000
And, the remaining balance is credited to the additional paid in capital account