what are the advantages and disadvatages of converting a comapny from a sole propiertorship to an llc
Answers
Protection from personal liability, continuity and security for the firm, and simpler access to financing are benefits of forming a corporation.
What is the main justification for companies transitioning from sole proprietorships?A company might switch from being a sole proprietorship or partnership to being an LLC or corporation mostly because it needs more tax flexibility. Increased revenue, a larger personnel, and the provision of perks are all signs of a growing company.
A corporation's drawbacks include the time commitment, double taxation, and stringent formalities and procedures that must be followed.
When Must an LLC Be Created?There are a few justifications for forming an LLC rather than conducting business as a single proprietorship: With an LLC, it is simple to extend the firm to include more than one owner in the future. You wish to safeguard your private property from future monetary and legal liabilities.
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Related Questions
When Tyree Elliott was hired as a public relations advisor to the CEO of a Fortune 500 company, he welcomed the help he received from Rae Rogers, a senior manager. Rogers was able to show Elliott the places where trouble was likely to occur, the likes and dislikes of the CEO, and how to do the best job possible. Which of the following statements describes what was going on in this situation?
Rogers engaged in vestibule training by opening doors and clearing the path for Elliott's success.
A. Rogers was assuming the role of a mentor
B. Elliot was given no training at all
C. Rogers was using off-the-job training techniques
D. Elliot was assuming the role of an apprentice
Answers
Answer: A. Rogers was assuming the role of a mentor
Explanation:
A mentor is someone who has experience in a certain area and imparts this knowledge on others in order to ensure the success of those other people.
In this instance, Rae Rogers is a senior manager and has experience in many issues regarding the company. By sharing this knowledge with Tyree Elliott, Rodgers is taking on a mentorship role because he is doing this to increase Elliott's chances of success.
booker t. and the mgs were used on many of the memphis soul recordings.
Answers
Booker T. and the MGs, often referred to as simply "The MGs," were an influential instrumental R&B and soul group that played a significant role in shaping the sound of Memphis soul music.
The group was formed in the early 1960s and consisted of four exceptionally talented musicians: Booker T. Jones on organ and piano, Steve Cropper on guitar, Lewie Steinberg (later replaced by Donald "Duck" Dunn) on bass, and Al Jackson Jr. on drums.
The MGs became the house band for Stax Records, a prominent soul record label based in Memphis, Tennessee. They served as the primary backing band for numerous artists and were featured on countless recordings, contributing their distinct and tight musical arrangements to many Memphis soul classics.
Their collaborations with artists such as Otis Redding, Wilson Pickett, Sam & Dave, and Eddie Floyd produced some of the most iconic and enduring songs of the era. Tracks like "Green Onions," "Soul Man," "In the Midnight Hour," and "Dock of the Bay" showcased the MGs' impeccable musicianship, soulful grooves, and their ability to elevate the recordings they played on.
The MGs' contributions to Memphis soul helped define the genre, blending elements of R&B, blues, and gospel with their own signature style. Their tight rhythm section, melodic organ lines, and infectious guitar riffs became synonymous with the Stax sound and left a lasting impact on soul music as a whole.
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When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
Answers
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
In its budgeting process, Glass Corporation expects to have the following number of units in beginning and ending inventory for the upcoming year. Beginning Ending, Inventory Inventory Raw material* 46,000 56,000 Finished goods 86,000 56,000 *Each unit produced requires three gallons of raw material. If Glass Corporation budgets sales of 510,000 units during the upcoming year, how many units would they need to manufacture? O 480,000 units O 540,000 units O 464,000 units O 510,000 units
Answers
Glass Corporation would need to manufacture 480,000 units in order to meet the sales budget.
To calculate the number of units Glass Corporation needs to manufacture, we need to consider the change in inventory and the sales budget.
Given:
Beginning inventory of finished goods = 86,000 units
Ending inventory of finished goods = 56,000 units
Each unit produced requires three gallons of raw material
Change in finished goods inventory = Ending inventory - Beginning inventory
Change in finished goods inventory = 56,000 - 86,000
= -30,000 units (negative value indicates a decrease in inventory)
Since the change in finished goods inventory is negative, it means that Glass Corporation expects to sell more units than it produces. Therefore, the number of units they need to manufacture is equal to the sales budget plus the change in finished goods inventory.
Number of units to be manufactured = Sales budget + Change in finished goods inventory
Number of units to be manufactured = 510,000 + (-30,000)
= 480,000 units
Glass Corporation would need to manufacture 480,000 units in order to meet the sales budget and account for the change in finished goods inventory.
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To eliminate the need to continually monitor currency exchange rates, 16 of the countries in the European Union (EU) have adopted a common currency, which is called the
Answers
The currency that the European Union introduced to monitor currency exchange rate was the Euro.
What is the Euro?The Euro is a currency that is used by almost all members of the European Union.
The purpose for it being introduced was to facilitate trade and to have a common monetary policy. It also allowed for the easier controlling, and monitoring of, exchange rates.
In conclusion, this is the Euro.
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According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dangerous enclosures temperature extremes burns electric shock angry customers moving parts
Answers
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
did it
Joan is the proprietor of a manufacturing company. She purchased a machine worth $1,000 for the business on credit. How will this transaction affect the accounting equation? A. Assets ↑ (1,000) = Liabilities↑ (1,000) + Owners’ Equity B. Assets = Liabilities ↑ (1,000) + Owners’ Equity ↓ (1,000) C. Assets ↑ (1,000) = Liabilities + Owners’ Equity ↓ (1,000) D. Assets = Liabilities ↑ (1,000) + Owners’ Equity ↑ (1,000)
Answers
The effect of the purchase of the machine by Joan, on the accounting equation, is A. Assets ↑ (1,000) = Liabilities↑ (1,000) + Owners’ Equity
How is the accounting equation affected ?The accounting equation is:
Assets = Liabilities + Owner's equity
When Joan purchased a machine, this would go to the assets as machinery are fixed assets. As the assets increase, there would need to be a source of this increase.
In this case it is liabilities as Joan bought the machine on credit which means the company now owes money for the purchase of the machinery.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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Which work value is most likely to be important in a person's career choice?
oA.
preferring a fast-paced environment
oB.
volunteering at the animal shelter
oC.
spending time on social media applications
oD.
being skilled at negotiating and bargaining with people
Answers
Answer:
oD. being skilled at negotiating and bargaining with people
Benjamin obtained a loan of $22,500 at 5.5% compounded monthly.
How long (rounded up to the next payment period) would it take to
settle the loan with payments of $2,810 at the end of every
month?
Answers
It would take Benjamin 11 months to pay back the loan if he makes monthly payments of $2,810 at the end of every month.
Benjamin obtained a loan of $22,500 at 5.5% compounded monthly. He wishes to know how long it would take to pay back the loan if he makes monthly payments of $2,810. The payments are made at the end of each month. We are expected to determine the period it would take to settle the loan if the monthly payments are $2,810.
Because Benjamin is making monthly payments, the interest rate would also be calculated monthly.
Thus, we have
r = 5.5%/12 = 0.00458.
Also, the present value (PV) is $22,500, and the monthly payment (PMT) is $2,810.
We would need to determine the number of months it would take to pay back the loan. To achieve this, we would make use of the formula for the period (n) in the formula for the present value of an annuity.
The formula is given as:
n = -log(1- PV * r / PMT) / log(1+r)
=> n= -log(1- PV * r / PMT) / log(1+r)
=> n = -log(1- 22500 * 0.00458 / 2810) / log(1+0.00458)
=> n = 10.21 months,
rounded up to the next payment period ≈ 11 months.
Therefore, it would take Benjamin 11 months to pay back the loan if he makes monthly payments of $2,810 at the end of every month.
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The point at which supply equals demand is called
Answers
………..,.,,.,……..,.,.,,
Answer:
equilibrium
Explanation:
Type the correct answer in the box. Spell all words correctly.
Which type of statement is used to communicate one's feelings in a nonconfrontational manner
An
is a statement used to communicate one's feelings in a nonconfrontational
Reset
Next
Answers
An "I" statement is a type of statement used to communicate one's feelings in a nonconfrontational manner. It is a way of expressing how you feel without blaming or attacking the other person.
Which type of statement is used to communicate one's feelings in a nonconfrontational manner ?"I" statements typically start with "I feel" or "I am feeling" followed by a description of the emotion you are experiencing. For example, instead of saying "You never listen to me," you could say "I feel frustrated when I don't feel heard." This approach emphasizes your personal experience and helps the other person understand how their behavior affects you.
Using "I" statements can promote healthy communication and conflict resolution by reducing defensiveness and encouraging empathy. By expressing your feelings in a nonconfrontational way, you can foster understanding and reach mutually beneficial solutions to problems.
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Suppliers want to sell large quantities of products with a high
Answers
Answer:
price
Explanation:
supplier will be willing and able to sell products for high prices as their able to make a good profit
Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings
Answers
two principles of fraud insurance
Answers
hi buddy
here is your answer
Insurance fraud involves any misuse of insurance policies or applications in order to illegally gain or benefit. Insurance fraud is usually an attempt to exploit an insurance contract for financial gain. The majority of insurance fraud cases involve exaggerated or false claims.hope it helps
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An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
When a customized product is manufactured separately, it is referred to as ____ production:
Answers
Each customized product are manufactured separately and it's production is termed as job order production, or job order manufacturing.
What are the characteristics of job order production?
Flow of fabric and it's parts form one location to another is intermittent or discontinuous. Mechanization and division of labor isn't economical. quantity. Product design takes lots of time.
What is job order costing process?
Job order costing could be a system that takes place when customers order small, unique batches of products. The technique determines the price of every individual product and ensures them that the cost for each product is reasonable enough for a customer to buy it while still allowing the company to increase it's profit.
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What technologies helped transform meatpacking from a local and seasonal small business into an industry that distributed product year-round and nationwide? Railroad and refrigeration Railroad and the
Answers
The technologies that helped transform meatpacking from a local and seasonal small business into an industry that distributed products year-round and nationwide are the railroad and refrigeration.
Explanation:
The railroad and refrigeration were two key technologies that revolutionized the meatpacking industry, enabling it to expand its reach and operate on a larger scale. Here's a breakdown of how each technology played a role:
1. Railroad: The advent of railroads in the 19th century provided a reliable and efficient transportation system for the meatpacking industry. Prior to railroads, meatpacking was limited to serving local markets due to the challenges of long-distance transportation. With railroads, fresh meat could be transported quickly and in large quantities to distant markets. This facilitated the establishment of centralized meatpacking hubs in strategic locations, allowing for more efficient processing and distribution.
Railroads allowed meatpackers to access a wider customer base, reaching markets across the country. They reduced the reliance on local livestock, enabling meatpackers to source animals from regions with favorable conditions for rearing and slaughtering. This created opportunities for economies of scale, increased productivity, and a more consistent supply of meat throughout the year.
2. Refrigeration: The development of refrigeration technology, particularly the invention of mechanical refrigeration, had a transformative impact on the meatpacking industry. Prior to refrigeration, the meatpacking process was limited by the need to process and distribute meat quickly before spoilage occurred. With refrigeration, meat could be chilled or frozen, extending its shelf life and enabling year-round distribution.
Refrigeration allowed meatpackers to store and transport meat over longer distances without spoilage, reducing the need for immediate consumption or reliance on seasonal availability. It also facilitated the development of meatpacking plants with cold storage facilities, which could process and store meat for extended periods. This helped stabilize prices, reduced waste, and enabled the industry to meet the demand for meat throughout the year.
In combination, the railroad and refrigeration technologies transformed meatpacking from a local and seasonal business into a national industry that could distribute products year-round. These innovations enabled the establishment of large-scale meatpacking plants, increased efficiency in processing and transportation, and expanded the geographic reach of the industry, ultimately shaping the modern meatpacking industry.
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Please answer dis properly in your own words!!!
For every hour you practice basketball, you gain in skill and increase your chances of making the team. However, each hour you practice is an hour you could have spent working at an after-school job in a UAE company to save for a car or college or something else you want. Which will you do basketball practice or after-school job? Construct a decision making grid that analyzes the potential choices of attending practice at an after-school job. Which option would you choose. (the middle column might be amount of money earned, for example, based on an hourly wage.)
Answers
Answer:
Basketball 50/50 and job 50/50
Explanation:
Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. She has three credit cards with minimum monthly payments that total to $125. 00 and a monthly car payment for $349. 0. She currently brings in a gross monthly income of 3,750. 00 from her job. Calculate Sally’s debt-to-income (DTI) ratio. A. 40% b. 43% c. 49% d. 53%.
Answers
The debt-to-income ratio of Sally is 53%. Thus, option D is correct.
The debt to income ratio is defined as the amount of debt paid per income.
The debt to income ratio (DTI) is given as:
\(DTI=\dfrac{D}{I} \;\times\;100\)
Computation for Debt to Income ratio for SallyThe debt paid by Sally is the sum of amount she paid as a mortgage, mortgage insurance, property tax, card payments, and car payments.
The amount paid by Sally are:
Mortgage, mortgage insurance, property tax = $1500Card payments = $125Car payment=$349The total debt paid (D) by Sally are:
\(D=1500+125+349\\D=1974\)
The total debt (D) paid by Sally is $1974.
Sally's total income (I) is $3,750
Substituting the values for DTI ratio:
\(DTI=\dfrac{1974}{3750} \;\times\;100\\\\DTI=0.53\;\times\;100\\\\DTI-53\%\)
The debt-to-income ratio of Sally is 53%. Thus, option D is correct.
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Answer:
✅D. 53%
correct ⬇️
Commercial hotels are usually in downtown or _____________ districts.
Answers
Answer:
buisness
Explanation:
In what seven (7) way can we promote good marriage in the society
Answers
Answer:
1.being loving
2bieng understanding
3being loy
The _________ identity can help to explain why two firms with the same return on equity may not be operating in the same way.
Answers
Answer:
DuPont
Explanation:
What is the richest person in the world right now?
What is the best money making job in the U.S?
Can you get your job back after getting fired?
Answer all please.
Brainliest included.
Thank you.
Answers
2: I would say a doctor or pilot?
3: Yes you can. However, it will be difficult trying to convince your employer.
which behaviors describe your behavior with your family - the
collectivist or the individualist? Provide one example
Answers
Collectivist behavior describes my behaviour with my family. Collectivist behavior emphasizes the importance of the group or community over individual needs and desires.
Collectivist behavior values harmony, cooperation, and interdependence within the family or social unit. Examples of collectivist behavior may include making decisions as a group, prioritizing family obligations over personal interests, and seeking consensus and approval from family members before taking actions.
Individualist behavior, on the other hand, places greater emphasis on personal goals, autonomy, and individual freedom. It values self-expression, independence, and personal achievements. Examples of individualist behavior may include making decisions based on personal preferences and goals, pursuing individual interests even if they conflict with family expectations, and prioritizing personal needs and desires over group harmony.
The choice between collectivist and individualist behavior can vary among individuals and cultures. It's important to note that individuals may exhibit a combination of both behaviors to different degrees depending on the context and their cultural background.
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Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answers
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Answers
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
Which of the following is NOT example of Capital used to produce goods?
Answers
Answer:
Some examples of capital used to produce goods are machinery, human workers, equipment, basically anything that is used by a factory in the production process. You didnt list any options so I can't tell you which one isn't, but I hope this helps!
Explanation:
what is example of an interest leading to a career choice
Answers
Answer:
"I have always been interested in cars so I became a auto mechanic." or "I have always been interested in cars so I decided to work at a car dealership."
Explanation: A big interest that you have that leads you to pick a job related to that interest.
Agency authority directly communicated by the principal to the agent is called
O Express authority
O Implied authority
O Power of attorney
O Apparent authority
Answers
Answer:
O Express authority
Explanation:
In express authority, the principal communicates directly to the agent. The principal instructs the agent, either in writing or orally, to act on their behalf. In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.