Limited liability company is a distinct legal entity where members can held personally liable for the debts and liabilities for the company. Limited liability partnership combines characteristics of a partnership or corporation or sole proprietorship.
As in the given case, both sally and alice are uncomfortable with current tax situation as both are suffering with unlimited liability. it is better for them to opt limited liability partnership where in which persons are not held personally liable.
The government is paying 10% in interest.
What interest on Treasury bills?
The interest on Treasury bills compares the interest earned by the investor to the face value of the T-bill, in other words, it is determined as the interest(i.e. face value-purchase price) divided by the face value.
From an investor's perspective, I mean the person buy purchasing the T-bill, his rate of return is the interest divided by the amount invested, which is the purchase price.
Interest=face value-purchase price
face value=$1,000
purchase price=$900
interest=$1000-$900
interest=$100
government's interest rate=interest/face value
government's interest rate=$100/$1000
government's interest rate=10%
In other words, the government by a way of issuing the bills is paying interest of 10% to the lenders
Read more on bonds generally including government bond on:brainly.com/question/22013938
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The answer is False because they didn't plan functions as a local law..this is my opinion.
Answer:
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