ijal7023 ijal7023

02-01-2023
Business

Answered

Sally and Alicia currently are general partners in a business located in Atlanta, Georgia. They are content with their current tax situation but are both very uncomfortable with the unlimited liability to which they are each subjected. Which form of business entity should they consider to replace their general partnership assuming they wish to remain the only two owners of their business?

Answer :

Other Questions

Jeremy wants to sell his locally manufactured shoes in the asian market. what type of international business should he pursue? jeremy should get into business.

Cloud kicks has a private sharing model on accounts. account executives need to ensure that business development users can qualify marketing opportunities on th

Tom purchased franchise rights to open a maggie moos ice-cream shop. since this was his first business ownership venture, he decided to take advantage of the bu

Your friend Jody comes to you asking for advice. She owns a moving company called "Whatever Moves You, LLC" (they have cute musical notes in logo—very clever).

The town of villageton has 500 residents, of which 300 are employed, 30 are not working but actively seeking work, 80 are children in school, 40 are retirees, 3

Stephanie is a calendar year cash basis taxpayer. she owns a 50% profit and loss interest in a cash basis partnership with a september 30 year-end. the partners

Mr. anderson works for the owners of a shopping mall. he keeps track of which store owners have paid their rent for the month. he also keeps a list of which par

Stephenson, a corporate executive, earns a salary of $500,000 per year. in addition, stephenson owns and participates in a separate business. the business produ

Patrick and eva are planning to divorce in 2021. patrick has offered to pay eva $12,000 each year until their 11-year-old daughter reaches age 21. alternatively

2. Complete the table to describe the coverage provided by each type of auto insurance. (8 points) I Type of insurance Bodily injury liability Property damage l