Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. heidi birmingham and james t. roberts have decided

Heidi Birmingham and James T. Roberts have decided to create a business. They have financing available...

60.1K

Verified Solution

Question

Accounting

Heidi Birmingham and James T. Roberts have decided to create abusiness. They have financing available and have a well-developedbusiness plan. However, they have not yet decided which type oflegal business structure would be best for them.

Required

Write a memo to these two individuals outlining the types ofsituations in which the partnership form of legal structure wouldbe the best choice

Answer & Explanation Solved by verified expert
3.8 Ratings (483 Votes)
The situations in which partnership form of legal structure would be the best choice are outlined as follows 1 The profits and losses are to be distributed in the proportion of capitalinvestment made by the onwers at the time of incorporating 2 The firm    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

Other questions asked by students

Q

1.38.4. The diagonal of a parallelogram and segments from any point on the diagonal to the...

Basic Math
Q

us Beijernik considers Mayers findings and filters sap from infected tobacco plants to find the...

Biology
Q

41 Wave nature of light cannot explain photoelectric effect because in photoelectric effect it is...

Physics
Q

Two glass hem heres of refractive index and radius R are placed with their plane...

Physics
Q

A ring of radius r is spun about its axis with an angular velocity in...

Physics
Q

A disinfectant spray bottle says it eliminates 90% of bacteria with each application. You apply...

Basic Math
Q

7 Explain why astronomers have deduced that galaxies contain a large quantity of Dark Matter

Algebra
Q

Ecker Company reports $1,400,000 of net income for 2017 and declares $196,000 of...

Accounting
Q

Lightfoot Inc., a software development firm, has stock outstanding as follows:...

Accounting
Q

+ 1 IL Page view A Read aloud marks. 1. KPMG are the new auditors...

Accounting
Q

Exercise 19-14 (Static) Absorption costing and overproduction LO C1 Jax Incorporated reports the following data...

Accounting
Q

21. Fast Turnstiles Co. is evaluating the extension of credit to a new group of...

Accounting