which of the following business organizations includes limited liability course hero

Which of the following business organizations includes limited liability?

1. Which of the following statements about the corporate form of business organization is true? A) Sole proprietorships are the most common form of business organization because liability is limited to the amount invested in the business by the sole proprietor.

Do corporations have a distinct advantage over other forms of business organization in the area of taxation?

Corporations have a distinct advantage over other forms of business organization in the area of taxation. A limited liability company, unlike a Subchapter S corporation, can have members that are corporations, partnerships, or nonresident aliens.

What is a limited liability company?

A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

Is partnership a limited liability?

Limited liability protection Keep in mind that general partnerships offer no liability protection to the owners. The owners are legally considered the same as the business, and personal assets can therefore be considered business assets.

What is the most important form of short term business financing?

the most important form of short term business financing is: trade credit. a limited partnership is comprised of: both general and limited partners. working capital does not include: property, plant, and equipment. deposits placed in foreign banks that remain denominated in U.S. dollars are called: Eurodollars.

What is the lowest marginal tax rate for both individual and corporation?

The goal of a business should be: maximization of owners wealth. under current tax laws the lowest marginal tax rate for both individual and corporation is: 15%. for corporations the principal agent relationship usually refers to the relationship between: owners/managers.