Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (llc), and limited liability partnership (llp). different forms of businesses have different characteristics. which of the following characteristics would apply to a limited liability company and a limited liability partnership? check all that apply. have corporate ownership structure owned by single individual llps are not suitable for professional firms such as accounting, law, and architecture limited financial liability owners have limited liability and right to vote taxed as a partnership
Solved
Show answers
More tips
- A Animals and plants How to Store Carrots: Tips for Homeowners...
- L Legal consultation Juvenile Justice: Who Needs It?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
Answers on questions: Business
- B Business Slotnick Chemical received $240,000 from customers as deposits on returnable containers during 2021. Nine percent of the containers were not returned. The deposits...
- B Business 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed...
- B Business On March 1, Wright Company purchased new equipment for $54,500 by paying cash. Other costs associated with the equipment were: transportation costs, $1,900; sales...
- B Business Sheffield Corp. issues an $810,000, 15%, 10-year mortgage note on December 31, 2020, to obtain financing for a new building. The terms provide for annual installment...
- B Business Which best describes the purpose of a trust? O A. To give away assets in a managed fashion O B. To determine someone s medical care preferences C. To assign power...
- B Business Everly company has determined a standard variable overhead rate of $2.75 per direct labor hour and expects to incur 1.0 labor hour per unit produced. last month,...
- B Business The preemptive right is important to shareholders because it...
- B Business 13. roy, the owner of standard business company (sbc), sells sbc to tim for a note payable to roy for $100,000. tim does not pay the note and files for bankruptcy...
- B Business Assume the residential division of kipper faucets had the following results last year net sales revenue operating income average total assets management s target...
- B Business Lpd logistics, inc. s projected sales for the first six months of 2010 are given below. jan. $300,000 april $350,000 feb. $350,000 may $500,000 mar. $475,000 june...
Ответ:
The correct answer is: Limited financial liability; Have corporate ownership structure ability; Owners have limited liability and right to votes
Explanation:
Limited liability company and limited liability partnership is a type of business structure where the business is a separate entity and the owners are not personally liable for companies debts. It combines the properties of a corporation and a partnership or sole proprietorship.
It has a corporate ownership structure. Its owners have limited liability.
Ответ: