Limited liability is an important feature of: a. corporations. b. partnerships. c. both partnerships and corporations...
Limited liability is an important feature of: a. corporations. b. partnerships. c. both partnerships and corporations d. sole proprietorships.
Homework Answers
Option (a) is correct
Limited liability is an important feature of corporations. The liability of the members or shareholders of the corporations have limited to the amount unpaid on the shares. They are not liable for the debts of the company. A corporation is distinct from its shareholders.
Option (b) is incorrect as in partnership, the liability of partners is limited.
Option (c) is incorrect as per the explanations given above.
Option (d) is incorrect as a sole proprietor is not separate from its business. He has unlimited liability and is personally liable for the debts of his business.
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Limited liability is an important feature of: a. corporations.
b. partnerships. c. both partnerships and corporations...
Complete the following sentences. Owners of ______ have limited liability. A. partnerships and corporations B. partnerships,...
Complete the following sentences. Owners of ______ have limited liability. A. partnerships and corporations B. partnerships, proprietorships, and corporations C. proprietorships and partnerships D. corporations In ______, retained profits are taxed twice. A.partnerships, proprietorships, and corporations B.proprietorships and partnerships C.corporations D.partnerships and corporations
How are limited liability companies (LLCs) taxed? a. They are always taxed the same as corporations....
How are limited liability companies (LLCs) taxed? a. They are always taxed the same as corporations. b. They are taxed either as partnerships or as corporations, at the option of the LLC. c. They are always taxed the same as general partnerships. d. They are taxed either as partnerships or sole proprietorships, at the option of the LLC.
Complete the following sentences. Owners of have limited liability. O A. proprietorships and partnerships O B. part...
Complete the following sentences. Owners of have limited liability. O A. proprietorships and partnerships O B. partnerships, proprietorships, and corporations O c. corporations OD. partnerships and corporations Click to select your answer and then click Check Answer.
14. Of the following forms of business organization, which have stockholders with limited liability? proprietorships partnerships...
14. Of the following forms of business organization, which have stockholders with limited liability? proprietorships partnerships corporations limited partnerships Soo
Which of the following statements is CORRECT? a. Due to limited liability, unlimited lives, and ease...
Which of the following statements is CORRECT? a. Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations. b. Large corporations are taxed more favorably than proprietorships. c. Corporate stockholders are exposed to unlimited liability. d. Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms...
Which, if any, of the following statements is (are) correct? 1 C corporations have unlimited liability. 2 Sole proprieto...
Which, if any, of the following statements is (are) correct? 1 C corporations have unlimited liability. 2 Sole proprietorships offer limited liability. A. 1 only. B. 2 only. C. Both 1 and 2. D. Neither 1 nor 2.
1. In terms of sales, most sales come from... A. Sole Proprietorships B. Partnerships C. LLC/LLPs...
1. In terms of sales, most sales come from... A. Sole Proprietorships B. Partnerships C. LLC/LLPs D. Corporations 2. Which of the following statements is true? A. An advantage to a proprietorship is limited life. B. An advantage to a proprietorship is unlimited liability. C. An advantage to a proprietorship is that there is a lot of regulatory compliance paperwork. D. An advantage to a proprietorship is that it is relatively easy to form.
Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Increased...
Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Increased legal liability for investors Easier to transfer ownership Most common form of organization Lower taxes
Which of the following is a difference between corporations and partnerships? a. Partnerships are subject to...
Which of the following is a difference between corporations and partnerships? a. Partnerships are subject to double taxation; corporations are not. b. With partnerships, ownership rights are divisible and easily transferable; this is not true for corporations. c. Corporate owners face limited liability; owners of partnerships do not. d. Corporations always have more owners than partnerships.
1. Compare and contrast the following types of business formation: sole proprietorships, partnerships and corporations. Explain...
1. Compare and contrast the following types of business formation: sole proprietorships, partnerships and corporations. Explain 3 advantages and 3 disadvantages for each.
1. Compare and contrast the following types of business formation: sole proprietorships, partnerships and corporations. Explain 3 advantages and 3 disadvantages for each.
Complete the following sentences. Owners of have limited liability. O A. proprietorships and partnerships O B. partnerships, proprietorships, and corporations O c. corporations OD. partnerships and corporations Click to select your answer and then click Check Answer.
14. Of the following forms of business organization, which have stockholders with limited liability? proprietorships partnerships corporations limited partnerships Soo
1. Compare and contrast the following types of business formation: sole proprietorships, partnerships and corporations. Explain 3 advantages and 3 disadvantages for each.
1. Compare and contrast the following types of business formation: sole proprietorships, partnerships and corporations. Explain 3 advantages and 3 disadvantages for each.
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