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

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...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

Sole proprietorship correct answersA form of business ownership with a single owner who usually actively manages the company. Partnership correct answersA voluntary agreement under which two or more people act as co-owners of a business for profit. Corporation correct answersA form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners LLC (limited liability company) correct answersA form of business ownership that offe...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

Legal Aspects of Real Estate: Online Exam Questions and Answers 100% Pass 1. Under the English legal system, legal disputes were settled: (Page 1) b) on a case-by-case basis before a judge. 2. Under Spanish civil law, legal disputes were settled by: (Page 1) d) pre-established statutes. 3. The federal and state governments are divided into the judicial and executive branches. (Page 2) c) legislative 4. Eminent domain the right of the government to: (Page 3) a) take private property for public...

UHD BCAT Exam Questions And Answers 100% Pass Financial accounting - answera system of processing financial data for a company with the purpose of producing a set of financial statements which investors and creditors can use to make financial decisions. financial statements - answera short report that disclose information about various aspects of a company, including the balance sheet, income statement and cash flow statement Asset - answeranything of value owned by the company Balance s...

Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usually prepare... - Answer- CMAs or give a BPO. They do NOT perform appraisals Does Florida have a reciprocity with any other state with regard...

Commercial Casualty II – CISR Exam 121 Questions with Answers In BAP what does liability section provide protection from claims for? - CORRECT ANSWER Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - CORRECT ANSWER provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - CORRECT ANSWER Medical payments personal injury protecti...

UHD BCAT Exam Questions And Answers 100% Pass Financial accounting - answera system of processing financial data for a company with the purpose of producing a set of financial statements which investors and creditors can use to make financial decisions. financial statements - answera short report that disclose information about various aspects of a company, including the balance sheet, income statement and cash flow statement Asset - answeranything of value owned by the company Balance s...

Florida Real Estate Exam Questions With Complete Solutions Latest Rated A+. Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which form of co-ownership is a person's owne...