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gavmur [86]
3 years ago
14

Kent and Craig, who want to start a horse-training business, spoke to an insurance agent about getting insurance to cover potent

ial liabilities, but were told that they could not get liability insurance because of the high risk nature their proposed business. What business entities would you recommend to Kent and Craig? Why?
Dave and Cindy, who want to start a law firm, each have $1,000 to invest in the business and no personal assets and want limited liability protection and only 1 level of taxation.They want your advice on whether they should form their law firm as: 1) a general partnership; or 2) a limited liability company (LLC). What business entity would you recommend? Why?
Business
1 answer:
erica [24]3 years ago
7 0

Answer:

Solution: the answer in delivered in 2 stages because of the character of dualistic problems:-

Part (1)

As Kent and Craig are concerned during a professional with prospective risk and that they wish to hide their prospective accountability. the character of the industry which can be utmost applicable in corporate against the other variety of industry like individual merchant or partnership company because of the subsequent details:-

Reason I: Unrestricted accountability- just in case of insolvency or industry letdown, Kent and Craig don't seem to be obligated to trade their particular resources.

Reason II: convenience of Business- because of the Supply of additional investment compared to restricted investment in sole profession and partnership company, they're ready to manage with the qualms related to the industry.

Part (2)

Wanting to the purposes of Dave and Cindy, the indebtedness corporation is desirable because of the subsequent details:-

Reason I: No danger to non-public assets because the corporation is proscribed accountability.

Reason II: just one level of tax within the variety of company tax .

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what might be the outcome of raising the fees and requiring more paper work in order to start a corperation? what would happen i
Pie
The outcome of raising fees and requiring more paper work to start a corporation would be that there would be less corporations and, the opposite would happen if fees were lowered and application possesses were simpler, hope this helps
8 0
3 years ago
What percentage of new businesses fail in the first year a 75% B 25% C 40% D 60%
rosijanka [135]
75 it depends on the persons background with education .
3 0
3 years ago
Read 2 more answers
Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The median pay of
ICE Princess25 [194]

Answer:

b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

As it can be seen from the various sources that tha major in economics represents the largest per dollar rise for all major in the year 2015

Due to which it brings down the requirement for more economists also the word economics is not certain. Also, for the entry level jobs in the economics field, the minimum qualification should be masters

Therefore according to the given case, the option B is correct

7 0
3 years ago
Productivity is defined as the quantity of a. labor required to produce one unit of goods and services. b. goods and services pr
Bumek [7]

Answer:

Option (C) is correct.

Explanation:

Productivity of labor refers to the term which is used by the firms for knowing the efficiency of the labor employed into the production of the output.

Productivity is determined by dividing the output of the firm by the inputs used in the production of the goods and services.

Productivity = (Output ÷ Input)

If the productivity of the labor is not achieved as per the company requirement then there is a fall in the labor employment.

8 0
3 years ago
If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution,
xenn [34]
<h3>Hello there!</h3>

Your question asks if you offer up your car as a demonstration that you will pay off your loan, would your car be used as collateral?

<h3>Answer: True</h3>

The reason why your answer would be "True" is because you're offering up your car for something that could not be very certain to do.

If you offered your car as a demonstration to pay off your loan, but you don't pay off the loan, the bank has every right to take the car from you, due to the fact that the car is on collateral.

Collateral is known as something that is "forfeited" or "security" for a repayment of a loan.

In this situation, you're offering your car as collateral if you don't pay the loan back. And if you don't pay the loan back, you're going to forfeit your car to the bank in order for them to use it as a way to get money to pay off the loan themselves. Banks, bail bonds, etc. usually have people put things up for collateral to keep a "safe" measure for the loan, due to the fact that they're giving people instant money. It's just a "security" or "safety" procedure banks due in order to get something in return if the loan is not paid off, so they won't be losing money or leave empty handed.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
5 0
3 years ago
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