Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. compare the characteristics of a general partnersh

Compare the characteristics of a general partnership, limited partnership, regular C corporation, subchapter S corporation,...

80.2K

Verified Solution

Question

Accounting

Compare the characteristics of a general partnership, limited partnership, regular C corporation, subchapter S corporation, and limited liability company on the issues of: (1) formation (what documents are needed to create each); (2) liability; and (3) taxation. What are retained earnings? How are they treated tax-wise? What types of business organization(s) can utilized the financial planning tool of retained earnings?

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Click here to watch the video Use Euler s Theorem to determine whether an Euler...

Accounting
1.2K views

Why is it necessary to journalize and post adjustingentries?Why is it necessary to journalize...

Basic Math
1.2K views

3. (3 pt) Use R functions to generate 1000 random samples from t-distribution with 15 degrees of...

Medical Sciences
1.2K views

Many humans claim to have a “sweet tooth”. Yet, excess sugar is bad for our health....

Physics
1.2K views

iv In a given AC circuit through a specific branch the current varies as a...

Basic Math
1.2K views

steps must be shown to receive full credit Clearly state or mark your answer If...

Algebra
1.2K views

1 The scatter plot below shows the relationship between the number of members in a...

Accounting
1.2K views

a company owes workets $3,000 in wages for hours worked in March. in April the...

Accounting
1.2K views

During 2018, a Company incurred manufacturing overhead of $400,000. However, they applied $425,000 of manufacturing...

Accounting
1.2K views

Check Ms. Calhoun is age 51 and single. a. What is the maximum contribution that...

Accounting
1.2K views

Portillo Companys ledger at the end of the current year shows Accounts Receivable of $150,000....

Accounting
1.2K views

Balanced Manufacturing makes a product that uses a material with the quantity standard of 9.5...