What is the principal advantage of an LLP over an LLC?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Andersons Business Law and the Legal Environment

ISBN: 978-1305575080

23rd edition

Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene

See More Books

Question Posted: Sep 26, 2016 10:06 AM

See More Questions

What is the principal advantage of curvilinear forecasting?
What is the principal advantage of the corporate form of business organization? Discuss the importance of this advantage to the owner of a small family restaurant. Discuss the importance of this...
What is the principal advantage and the principal disadvantage of the direct method of reporting cash flows from operating activities?
What are the upper and lower 2.5th percentiles for a chi-square distribution with 2 df? What notation is used to denote these percentiles? Pulmonary Disease The data in Table 6.10 concern the mean...
A stock sells for $10 per share. You purchase 100 shares for $10 a share (i.e., for $1,000), and after a year the price rises to $17.50. What will be the percentage return on your investment if you...
Kahn Inc. has a target capital structure of 45% common equity and 55% debt to fund its $8 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 15%, a before-tax cost of debt of 12%, and...
Show the parity (13.30). Show that a payer swaption and a receiver swaption (with identical terms) will have identical prices, if the exercise rate of the contracts is equal to the forward swap rate...
The Weil Smile Clinic is a dental practice run by Drs. Bonnie and Jeff, and they need to keep the necessary patient and insurance data safe and secure. They looked into online backup like SOS Online,...
Sales 19C10.61 lectronique Instruments, a rapidly expanding electronic parts distributor, is formulating its plans for 2022. John Kedrowski, the firm's director of marketing, has completed his 2022...
2. Q2. You manage 100M AUM and are considering the following overnight cash and 2 zero coupon bonds below: Maturity Yield Overnight cash 3.10% 5 7.20% 10 8.90% Calculate duration and convexity,...
Summers and Dooley formed a partnership to collect trash. Summers became unable to work and he hired a third man to do his work and paid him out of his personal funds. Summers suggested to Dooley...
Gilroy, Sims & Associates, Ltd., was a limited partnership engaged in real estate development. The original general partners were Richard Gilroy and William Sims. Thomas Green and John Murphy, Jr.,...
Goods returned by Zeena, $100, were debited to her account as $1,000. What entries are required to correct this error? Account to be debited Account to be credited A suspense 900 Zeena 900 B suspense...
What is the difference between corporate and clinical? How do they differ? Can they both have the same outcome? Include a reference list that supports your stance of no fewer than 3 scholarly...
How do we attain the desire for the freedom to purse one's passions, the desire for economic security and well-being, the desire for hope and progress in one's life utilizing higher-order thinking
Instructions FNCE 625 - Investment Analysis and Management Group Project - Case Study Guideline Introduction: In this group assignment, each team will collaboratively make a comprehensive report and...
21) The EOQ model is solved using calculus but the key intuition is that relevant total costs are minimized when relevant ordering costs equal relevant carrying costs. 22) Safety stock is used as a...
In the long-term, what do you recommend as overall policy in order to reduce or avoid the kinds of PPE shortages that occurred during the different waves of the COVID virus? In simple terms, how...
For a single-level page table, how many page table entries (PTEs) are needed? How much physical memory is needed for storing the page table? In this exercise, we will examine space/time optimizations...
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
1. What change does the court make in the duty classifications? 2. What does the dissent say about duty in the case? 3. What precautions would landowners have to take as a result of this decision? On...
1. Explain the series of transactions in the same land. 2. Discuss the effect of constructive notice on the courts decision. 3. What should buyers of property learn from this decision? In January...
1. What is different from this case and a case in which property is taken for a freeway? 2. What is the concern of the dissent about the decision? 3. Why does the majority state that the courts...
You borrowed $15,000 for buying a new car from a bank at an interest rate of 12% compounded monthly. This loan will be repaid in 48 equal monthly installments over four years. Immediately after the...
Discuss how debt restructuring, settlement, or modification works. Discuss the journal entries for debtor and creditor
Could CNL be a viable business? If so, under what conditions and what level of production (and, since production is directly related to production workers, employees)? All information provided for...

What is the principal advantage of an LLP over an LLC?

Question:

Step by Step Answer:

The principal advantage of an LLP over an L...View the full answer

Andersons Business Law and the Legal Environment

Students also viewed these Business Law questions