Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. answer the following question in no less than one

Answer the following question in no less than one page. How do you choose between an...

60.1K

Verified Solution

Question

Finance

Answer the following question in no less than one page.

How do you choose between an LLC and an LLP in creatingyour business organization?

Answer & Explanation Solved by verified expert
3.9 Ratings (428 Votes)
The LLC and LLP The liability protection is better in a LLC rather than the LLP In a LLP the partners are provided protection over the liabilities whereas in the case of partnership all the partners are personally liable to pay all the debts arising in the partnership firm In a LLP    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Answer the following question in no less than one page.How do you choose between an LLC and an LLP in creatingyour business organization?

Other questions asked by students

Q

Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol,...

Accounting
Q

31 A block attached to a spring pulled by a const horizontal force is kept...

Physics
Q

If AEFG ALMN with a ratio of 2 1 which of the following is true...

Geometry
Q

Find the radius of the circle in the figure to the right EXXE The radius...

Basic Math
Q

Determine whether the Mean Value Theorem can be applied to f on the closed interval...

Basic Math
Q

Which of the following statements are true?A. If the columns of an m X n...

Algebra
Q

Assume an asset with an original cost of $40,000 and a $6,000 salvage value is...

Accounting
Q

WHAT IS TECHNOLOGY? EXPLAIN WHY TRADE RESULTS IN ECONOMIES BEING MORE PRODUCTIVE?

Accounting
Q

Harber Co had original sales and cost data for the month of October as follows:...

Accounting
Q

Next Page This set of problems is designed to be calculated using the Excel or...

Finance
Q

Required information [The following information applies to the questions displayed below.] At December 31, Hawke...

Accounting
Q

10 points Saved Objectives are the goals that give shorter-term direction to a business and...

Finance