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A limited liability partnership (LLP) is attractive to partners because Answer it allows “full shield” protection no matter in what state you operate. there is no distinction between limited
and general partners. only the partner who provides the capital has limited liability. professional businesses can form LLPs in any state.
In a limited partnership, only the partner who provides the capital can have limited liability. Industrial partners cannot be a limited partner.
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Asked 9/27/2013 7:41:04 AM
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Not all corporations are large. In recent years, about 24 percent of corporations have reported less than _____ in total sales revenue. a)$100,000 b)$25,000 c)$1,000,000 d)$50,000
Weegy: Not all corporations are large. In recent years, about 24 percent of corporations have reported less than $1,000,000 in total sales revenue. Therefore the answer is $1,000,000. (More)
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Asked 9/27/2013 7:07:42 AM
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For the franchisee, the advantages of a franchise arrangement often include Answer a. less risk and easier access to funding. b.unlimited and unrestricted opportunities for growth. c. low cost of formation. d freedom and flexibility in management.
Weegy: For the franchisee, the advantages of a franchise arrangement often include a. less risk and easier access to funding. (More)
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Asked 9/27/2013 7:34:56 AM
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A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership. Answer limited liability company sole proprietorship corporation limited liability partnership
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Updated 176 days ago|10/31/2014 11:02:50 AM
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A Limited Liability Company maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership.

Added 176 days ago|10/31/2014 11:02:50 AM
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In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____ general corporation B)partner C)franchisor D)franchisee
Weegy: In an acquisition, the firm being purchased is the FRANCHISOR and the firm which is purchasing the other firm is the FRANCHISEE. (More)
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Asked 9/27/2013 7:18:53 AM
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As a form of ownership, a disadvantage of general corporations is that _____ a. they are unable to make use of specialized management. b. their growth is limited because of difficulties in raising financial capital. c. they can only be owned by U.S. citizens, creating legal problems when they try to expand in the global economy. d. they are more expensive and complex to form than most other types of business.
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Updated 186 days ago|10/21/2014 10:45:54 AM
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As a form of ownership, a disadvantage of general corporations is that: they are more expensive and complex to form than most other types of business.

Added 186 days ago|10/21/2014 10:45:54 AM
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