Why is the operating agreement so important for an LLC?
Question:
Why is the operating agreement so important for an LLC?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
An operating agreement is a key document used by LLCs because it outlines the ...View the full answer
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why is fraud prevention so important?
-
Why is identifying a target market so important to a company?
-
Why is project planning so important?
-
Pacific Company sells electronic test equipment that it acquires from a foreign source. During the year 2014, the inventory records reflected the following: Inventory is valued at cost using the LIFO...
-
An odd number or a number divisible by 3 in a single roll of a die In Problem, compute the odds against obtaining
-
Briefly explain why executive compensation in Japan is generally lower than that in the United States.
-
12-8. What is the principal difference between a marketing channel and a supply chain?
-
Describe the differences between general-use software and generalized audit software. How might you use spreadsheet software, database software, and word processing software in conducting an audit of...
-
On 1 July 2020, London Ltd leased a tea-making machine from Paris Ltd. Paris Ltd had purchased the machine on that day for its fair value of $112,120. The lease agreement contained the following...
-
Refer to problem 3-37. Prepare a balance sheet as of November 30, 20X0, and an income statement for the month of November. Prepare the retained earnings column of a statement of stockholders' equity....
-
What is the financial effect for a business of organizing as an LLC?
-
Fill out an articles of organization form for an imaginary business or one that you are familiar with.
-
From last year to this year, Berry Barn reported that its Net Sales increased from $ 300,000 to $ 400,000 and its Gross Profit increased from $ 90,000 to $ 130,000. Was the Gross Profit increase...
-
Question 7 Two objects, of masses 3 and 4 kg, are hung from the ends of a stick that is 70 cm long and has marks every 10 cm, as shown above. If the mass of the stick is negligible, at which of the...
-
Since they do not have enough saved, Rachel and John would like to consider retiring later. Create a new timeline and recalculate all of the relevant values to determine at what age Rachel and John...
-
Problem 6 Find the partial derivative with respect to x for the following functions: (a) p = 56 (b) y(x)=56-4x (c) m = r (d) q= x (e) f(x) =x3 (f) g(x,y) = xy 2 (g) h(x,y) = Ax1/2y1/2, where A is a...
-
Consider the information in the file named Cost Functions of the Firm (also presented above). Please read that file carefully before answering this and the following questions. The fixed cost of...
-
On January 1, 2022, Monica Company acquired 80 percent of Young Company's outstanding common stock for $872,000. The fair value of the noncontrolling interest at the acquisition date was $218,000....
-
This exercise will show you how to generate and display random numbers containing decimal places. Open the Random Double Solution (Random Double Solution.sln) file contained in the...
-
Write a paper about the Working relationship in the organization- collaboration within and outside the organization
-
During the current year, Melissa reports AGI of $200,000. As part of some estate planning, she donates $30,000 to her alma mater, Middle State University, and $65,000 to a private non-operating...
-
Circle Corporation, an accrual method taxpayer, manufactures and sells mainframe computers. In January of the current year, Circle Corporation donates a mainframe that was part of its inventory to...
-
Bonnies charitable contributions and AGI for the past four years were as follows: What is the amount of the charitable deduction for each year and the order in which the deduction and carryovers are...
-
What is Coke's average ownership percentage in its equity method investments? Goodwill is 7000 Calculate the firm's current ratio (current assets/current liabilities). Calculate the current ratio...
-
John has to choose between Project A and Project B, which are mutually exclusive. Project A has an initial cost of $30,000 and an internal rate of return of 16 percent. Project B has an initial cost...
-
Complete the table below, for the above transactions
Study smarter with the SolutionInn App