Llc limited liability co - Study guides, Class notes & Summaries

BAC 442 Exam 4 Questions With Correct Answers General Partnership - answertwo or more persons who are engaged in a business as co-owners Limited Liability Company (LLC) - answerA non-corporate business entity whose owners have limited liability and can participate actively in its management Corporation - answerMost common business organization. Chartered by a state and given many legal rights as an entity separate from its owners Characterized by the limited liability of its owners, the i...

PBMF chapter 4 review, Questions and answers, rated A+ An S corporation is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership. S corporations are restricted to no more than 100 shareholders and must be US citizens or residents. - Describe the characteristics of an S corporation. board of directors - the ________ is a group of individuals who make high-level management decisions for a corporation and establish company policies busi...

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+, Over 1500 Questions And Correct Answers A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants T...

Which of the following are sources of law used in the American Legal System? - ANSWER-There are three major sources of law in the American Legal System: Statutory law, which is created by the legislative branch; case law, which the courts interpret and apply the law; and administrative rules and regulations. Executive orders fall under administrative rules. The court determines if court rules have been followed and creates case law on those rules. Civil law is a legal system utilized m...

FLORIDA REAL ESTATE CLASS FINAL EXAM(QUESTION AND ANSWERS) GADED A+ A Business Broker - CORRECT ANSWERSpecializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - CORRECT ANSWERKeeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - CORRECT ANSW...

Financial Management- Chapters 1-8 questions and answers latest top score. Agency Problem - correct answers.Conflicts that arise out of the separation of management and ownership of the firm Capital Budgeting - correct answers.The decision-making process used to analyze potential investments in fixed assets Capital Structure - correct answers.The mix of long-term sources of funds used by the firm Corporation - correct answers.A business entity that legally functions...

WGU C233: Employment Law Re-take Eligibility Quiz 2024/2025 Questions and Answers with complete solution C233: Employment Law Re-take Eligibility Quiz Read each question carefully, then select the best answer. Highlight your answers on this document and return to your Course Instructor as an attachment. 1) Jose works full-time for Quality, Inc. an engineering firm, as a Quality Control Specialist. Jose does not have any direct authority to hire/fire at the company and while Jose c...

Tennessee National Portion REAL ESTATE EXAM Latest 2023 Graded A+, Over 1500 Questions And Correct Answers A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants T...

Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general public a...

Entrepreneurial Finance - correct answer Resource acquisition, allocation of management. Financial planning and management. Asset and business valuation. Cash harvest strategy and contingency planning in the context of a new business. They have a financial investment in the business. They have personally guaranteed business loans. Most small businesses are taxed at a personal level. - correct answer ...