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
Answer: See explanation
Explanation:
The appropriate entries will be recorded thus:
13 Jan No entry
1 Feb Debit Cash account $4,300,000
Credit Note payable $4,300,000
(For note issued on borrowing)
1 May Debit Interest Expense $4,300,000 × 7% × 3/12 = $75250
Debit Notes payable $4,300,000
Credit Cash account $4,375,250
(For amount paid on maturity)
a tool used to introduce the lesson topic and illustrate the relationship between what the students are about to learn and the information they have already learned.
Answer:
(A) 5 and 10.
Explanation:
Factor which can shift the Investment spending:
(5) Profit Expectations
If the firm forecast a good economy will probably invest more than if it forecast a bad economy. businessman will increase and decrease their investment based on expepectations.
(10) Degree of Excess Capacity
Assuming a rational behavior, company's will investment if needed. So if there is a portion of unsued capital they will use it before investing to acquire more. Once the current capital is used or near max capacity they will invest. Below a certain threshold they won't.
- Yeah, Sam hadn't saved enough money
- During his estimates, Sam made some mistakes, but he had less capital on his record than
- Sam made a few mistakes during his reports because he had less money than he expected on his account
<u>Explanation:
</u>
A financial transaction is an arrangement or a contract to swap goods for compensation between a purchaser and a seller. There is a transition in the financial situation of two or more companies or persons.
A cashless company describes an economy in which financial transactions consist entirely of electronic data (generally an electronic portrayal of money) among transacting parties rather than money in a form of personal banknotes or gold and silver.
The trade between the Organization and another individual is an official contract. A great example of an extrinsic transaction is the purchase of goods from either a third party seller. An overall journal entry records each cash payment in the billing system.
