. Distinguish between articles of incorporation and by-laws

Q: 1. Answer the following questions about corporation (essay):    a. Differentiate partnership and…

A: A partnership is a kind of business structure in which two or more people agree to carry out…

Q: In the context of the various forms of business ownership, discuss the two basic types of…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which of the following is a reason to use a partnership as the legal form of a business?   A.…

A: partnership : it is a form of business in which two or more people come together to run a business.…

Q: Different forms of businesses have different characteristics. Which of the following characteristics…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How does partnership accounting differ from corporate accounting?     A. The matching principle is…

A: The company is a separate identity different from its promoters that is why it has separate…

Q: How many of the following statements is/are false? 1. A partnership is easier to organize than a…

A: Option E none of the above is correct since all the statements given above are true....

Q: Subject: Law on Partnership and Corporation 1. What are some of the causes of vacancy in the office…

A: Casual Vacancy is when a director’s office is vacated before the expiry of his tenure.   Director's…

Q: Which one of the followings has unlimited liability? A general partner in a limited partnership O A…

A: A general partner is an owner of a partnership. Often, a general partner either plays an active role…

Q: Topic: Introduction to Corporation True or False 1. A corporation can be a general partner in a…

A: A corporation is a legal entity that is separate and distinct from its owners.They can enter into…

Q: partnerships and limited liability compan

A: Federal statutes set forth requirements for partnerships and limited liability companies, so the…

Q: 1. What are the potential consequence of a limited partner assumes management responsibilities…

A: An unincorporated commercial entity created by two or more people is known as a partnership. A…

Q: Real estate ownership is often structured in a limited partnership or LLC legal form. The PRIMARY…

A: A limited partnership is a type of partnership that consist of a general partner and a limited…

Q: The major advantage of a regular partnership or a corporation as a form of business organization is…

A: Partnership: A partnership is a commercial enterprise that is possessed by two or more persons who…

Q: Which type of taxpayer cannot be a partner in a partnership? a non-resident alien a C corporation a…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Complete the following table with either a yes or no regarding the attributes of a proprietorship,…

A: Proprietorship is usually owned by a single individual wherein the obligation is unlimited.…

Q: How does taxation for the corporate form and taxation for the partnership form diffe

A: A business can be run as various different legal forms. Some of the popular legal form that a…

Q: What is the difference between a general partnership and a limited liability company? When might…

A: Partnership means where two or more person come togather to do some business and earn profits and…

Q: 25. The Drawing account is used for sole proprietorship, partnership, and corporation.

A: Owner equity means the amount that belong to the owner of the business.  Any profit will increase…

Q: agency problems would be least likely to arise a) in sole proprietorships. b) in partnerships with…

A: In sole proprietorship, only one person is the owner and that person acts on behalf of firm. So,…

Q: partnership

A: Form of Business :- Sole proprietorship :- Partnership :- Limited liability partnership :- Companies…

Q: S1 - A partnership may be formed through verbal agreement, but for a corporation to exist, it…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In accordance with the INCORPORATED PRIVATE PARTNERSHIPS ACT, 1962 (ACT 152) as amended, answer the…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A company is being created and the owners are trying to decide whether to form a general…

A:

Q: The Operating Agreement in an LLC has more or less the same function as Bylaws in a Corporation...…

A: The answer is TRUE

Q: Which type of business structure requires that all shareholders be licensed? Question 1 options: a)…

A: A corporation is a separate legal entity created under the eyes of the law, i.e., a formal…

Q: In what ways does a shareholders of a corporation differ from a partner in a partnership

A: Corporation is the legal entity which is governed as per the respective country's law or regulating…

Q: Which of the following legal forms of organization has the highest level of Secrecy? a. partnerships…

A: A business organization is a creation of an entity with the aim to earn economic and non-economic…

Q: Two of the business organizational forms your book talks about are limited liability company (LLC)…

A: limited liability company - It is a company wherein if any debt arises of the business then the…

Q: Businesses can be classified into the following forms: sole proprietorship, partnership,…

A: Choosing the right sort of business takes significant research and thought and It's beneficial to…

Q: Which one of the followings has unlimited liability? A general partner in a limited partnership A…

A: Unlimited liability refers to a situation where an owner of a business is responsible for the debt…

Q: How does running a company as a partnership as opposed to a corporation benefit the parties…

A: Describe the benefits and drawbacks of operating a business through a partnership rather than a…

Q: Is a mutiple question:    Question : Accounting for the day-to-day activities for a Partnership or…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: In terms of ownership, legal position, obligations, lifespan, regulation, availability of capital,…

A: Will Be Explained:

Q: Write True or False, then briefly explain the statement. 2. All partnership can be an incorporator…

A: solution concept incorporator in a corporation Incorporator means the stockholders who incorporate…

Q: Choose the correct. Which of the following is not a reason for the popularity of partnerships as a…

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed…

Q: ties between Corpor

A: Partnerships and Ltd. or corporations gift many similarities for business house owners trying to…

Q: Which of the following statements is most true? a. The liability for other partners’ wrong doings…

A: When more than one person comes together to form a business and make an agreement. This written…

Q: Complete the following table with either a yes or no regarding the attributes of a proprietorship,…

A: Partnership refers to a formal agreement between two or more persons for operating and managing a…

Q: NOTE: ANSWER ALL WITH TRUE OR FALSE 2. A corporation can be general partner in a partnership. 3. A…

A: Hi student Since there are multiple subparts, we will answer only first three sub parts.

Q: If a corporation merges, what company's articles of incorporation and bylaws will be used?

A: Merger takes place when two or more firms or corporation join hands together to run a common…

Q: Corporation 1. What are some of the causes of vacancy in the of

A: Any vacancy among the directors may be filled by a majority of the remaining directors or a sole…

Q: 1.What are the main advantages of proprietorships, partnerships, and limited liability companies?…

A: Step 1 Advantages of the sole proprietorship Ownership in the case of a sole proprietorship is in…

Q: S1 A partnership is allowed to become a shareholder of a corporation. S2 A shareholder is allowed to…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the legal form of your business? Is your businessa sole proprietorship, a partnership, or a…

A: The legal type a firm chooses to control beneath is a very important call with implications for the…

Q: owners have no personal liability under which legal business structure? a. corporation b. a…

A: Sole proprietorship: It is one form of simple business that is owned and maintained by a single…

Q: 1. Compare and contrast the advantages and disadvantages between a C-corporation and a general…

A: Introduction:- Corporation  is a legal entity created by individuals, stockholders, or shareholders…