Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
I think it is because it is very hard to do
Answer:
$2,010
Explanation:
The future value of the savings account in 6 years can be computed using the below future value formula:
FV=PV*(1+r)^n
FV=unknown future amount
PV=current worth of the savings account=$1,200
r=annual interest rate=5%
n=number of years envisaged=6
FV=$1,500*(1+5%)^6
FV=$1,500*(1.05)^6
FV=$1,500*1.3400956
FV=$2,010
Limited partnership form of business entity should these individuals adopt.
Explanation:
A Limited Partnership is a common partner that has unlimited personal liability to the company's assets and commitments and a joint partner that has limited liability but does not share in the management process. a Limited Partnership is a limited partner.
Most states allow a professional license in a specified area for every LLP participant. As a result, relationships with doctors, judges, accountants, engineers, financial advisors certified, vet and business owners typically include lLPs. Currently attorneys and accountants are approved for LLPs in California.
