A group of friends are creating a new mobile paper shredding company that will go to businesses or organizations to shred their sensitive papers in bulk. You are advising them as to the type of business entity to choose. They have a number of partners, but their primary goals are to avoid personal liability and double taxation. They want to pay each of the partners based on their contribution to the success of the company, which is NOT equal to their percentage ownership. You advise them to accomplish this by forming a (n) : a. General partnershipb. LLCc. S Corpd. C Corp
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A group of friends are creating a new mobile paper shredding company that will go to businesses or organizations to shred their sensitive ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How do Human Development Index (HDI) and gross domestic product (GDP) compare in what they measure? HDI and GDP both measure economic development only. HDI measures human development, while GDP measures economic development.
Answers (2)
Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters.
Answers (1)
A worker's success in contributing to the common good is A. increased when she or he becomes a supervisor. B. greater in vertical relationships. C. measured by how well she or he does the job. D. determined by their supervisor.
Answers (1)
Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.
Answers (1)
Suver Corporation has a standard costing system. The following data are available for June Actual quantity of direct materials purchased 20,000 pounds. standard price of direct materials $ 7.00 per pound.
Answers (1)
New Questions in Business
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)
A firm supplies aircraft engines to the government and to private firms. It must decide between two mutually exclusive contracts. If it contracts with a private firm, its profit will be $2 million, $1 million, or - $1 million with probabilities. 25,.
Answers (1)
Important business data that is not known to the public is considered what type of information?
Answers (1)
On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 8 percent. when the bonds were issued, the market interest rate was 8 percent.
Answers (1)
What is strategy implementation what questions must strategy makers consider to begin the imlimentation process?
Answers (1)