Is this true about a partnership Deed? or is there something missing?
Q: Discuss the advantages and disadvantages of a partnership
A: A partnership is a type of business structure in which two more people come together to conduct the…
Q: Can the franchise be assigned to heirs?
A: Franchise - It is used by the organization to expand there business. In this the business provide…
Q: Join stock company preferable to a one man business.if you are agree or disagree,prove it with…
A: I completely disagree with the statement given above because : Joint-stock company: two or more…
Q: What are the advantages of sole-proprietorship, partnership
A: Sole Proprietorship The most common type of business ownership in the world is the sole…
Q: What is Joint ownership?
A: Ownership is the rightful claim of a specific person, authority, or any company. The owner must…
Q: What are the differences between partnership and joint ventures ??
A: Joint Venture & Partnership are quite remarkable business forms. This indicates that the final…
Q: Define partnership with appropriate examples. Briefly explain three main characteristics of a…
A: Partnership : It is a form of business ownership And the owners will be two or more than two people…
Q: Why can't a business choose to for an LLC, but they can form an LLP?
A: Every business is different in terms of tax situations, many regulations have notable changes from…
Q: Name the two types of partnership? List at least two advantages and disadvantages of a partnership
A: The partnership is a form of association of two or more persons who can pool in requires like…
Q: What is meant by Articles of partnership?
A: A partnership can be defined as a business in which more than one individual is involved and all of…
Q: • Characteristics of Partnership • Kinds of Partnership • Kinds of Partners
A: A partnership can be defined as a business in which more than one individual is involved and all of…
Q: What is the most concerning disadvantage of sole proprietorship and partnership? Why?
A: A type of business organization under which the business operations are managed and controlled by a…
Q: Assume that you have decided to form a partnership, what articles should be included in a…
A: Partnerships can be complex depending on the scope of business operations and the number of partners…
Q: 4. What is a Partnership? Briefly explain two advantages and two disadvantages of this? 5. Briefly…
A: A partnership is a formal arrangement by two or more parties to manage and operate a business and…
Q: Which are advantages of a partnership? (Check all that apply) Sharing of profits More…
A: A partnership is an agreement between two or more parties to manage a company and share income and…
Q: What are the advantages of a sole proprietorship?
A: The advantages of a sole proprietor are: 1. No Boss: It is the only reason business people are…
Q: Explain the circumstances where it would be preferable to use the partnership as a form of business…
A: The term "business organisation" refers to how companies are structured or how that structure aids…
Q: What is the difference between a limited partner and a general partner?
A: Partnership is created under the law using contracts. Every company is created by group of people…
Q: What are the defensive tactics to deter hostile takeover attempts?
A: In the U.S., utmost corporate appropriations are welcoming in nature, denotation that the mainstream…
Q: As you have been giving a serious thought to start a business in partnership. What are the key…
A: A business partnership is a legal deal between two companies or individuals which is formed by a…
Q: How are LLCs and LLPs related to the other forms of organization?
A: Both the LLC and LLP gives the personal asset protection, but there are few differences in both…
Q: Explain the all the forms of and the advantages and disadvantages of each form of business. o Define…
A: Sole proprietorship A sole proprietorship (otherwise called individual entrepreneurship, sole…
Q: What is a closely held corporation, and why do somecompanies choose this form of ownership
A: Below is the solution-
Q: what is the Process for incoming and outgoing partners in partnership firm?
A: A partnership firm can be defined as a form of organization in which two or more people come…
Q: Why is it appropriate for good partnership portfilio management to develop and execute a portfolio…
A: Partner Portfolio Management: Partner Portfolio Management (PPM) is an organized cycle for channel…
Q: What are the liability issues of a Limited Liability Partnership?
A: Collaboration is a contractual agreement to manage and run a company and divide its income between…
Q: What is a continuation agreement? Why is it important in an LLP?
A: About LLP- The LLP refers to the limited liability partnership. Under this set of partnership, the…
Q: What is a smart contract?
A: A contract is nothing but a lawful agreement that binds two parties for some task. It also states…
Q: What are the similarities and differences between joint ventures and syndicates? What are the…
A: A joint venture is an alliance between two or more parties to create an organisation with mutual…
Q: Please explain the importance of choosing good partners when starting a new business.(please short…
A: Nowadays managing a business enterprise solely is not easy because the individual would have to deal…
Q: What is partnership? And give examples. What are some advantages and disadvantages of it? What are…
A: A partnership refers to a form of business in which there is a formal agreement between two or more…
Q: What are some advantages and disadvantages of going into a partnership? Should one go into a…
A: A business is a buying or selling of goods or a services to earn a profit. There are various forms…
Q: Why does a partnership require a partnership agreement? ➢ Identify some of the critical features of…
A: A well written partnership agreement is important in a partnership type of business for safeguarding…
Q: Can merger exist in special corporations? What if they were established for different purposes…
A: In management, there are different types of business firms. One is a corporation, which is different…
Q: In what ways are joint ventures and syndicates alike? In what ways do they differ?
A: Joint venture is an agreement between two or more groups to form an entity with common goals to be…
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- Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B is financed 10% debt and 90% equity. The debt of both companies is risk-free. a. Rosencrantz owns 1% of the common stock of A. What other investment package would produce identical cash flow for Rosencrantz? b. Guildenstern owns 2% of common stock of B. What other investment package would produce identical cash flows for Guildenstern?Which of the following must occur for a new partner to enter the partnership by acquiring an ownership interest directly from an existing partner? A. The new partner must acquire all of the current partner's ownership interest B. Existing partners must know the amount the new partners is paying for the ownership interest C. The new partner must live in the same state as the other partners D. Existing partners must approve the admission of the new partner into partnershipLily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business? A. None of the above B. Avoidance of personal liability C. Possession of a partner D. Little capital
- Partnerships and most LLCs are known as pass-through entities. What does this mean for their partners (in the case of partnerships) and members (in the case of LLCs)? a. The businesses themselves are not subject to income tax; the individual partners/members pay income tax on their share of the businesses’ profits b. Partners and members are subject to double taxation5. Which of the following distinguishes a partnership from a corporation? A) A partnership is formed by two or more owners. B) There is a relative ease in financing the operations and investments of the company due to owners pooling their resources. C) Multiplicity of owners is beneficial for brainstorming. D) The liability of the firm generally extends to its owners. 6. Which of the following best describes agency cost? A) Costs involved with any effort to minimize the conflict between the principal's interest and the 2/3. B) Cost incurred by an agent to facilitate the creation of an agency relationship with theirprincipal. C) Cost incurred by a principal to establish an agency. D) Agency costs are irrelevant costs that are not measurable nor recognized in the face of the Financial Statement and is therefore not a cost to a company. in the long-term. 7. Which of the following is a valid reason why Financial Managers should put emphasis on long-term growth rather than short-term profit…Mr. Ahmed, the general partner of a big furniture store in Muscat is going to contribute a bigger share of money to settle the partnership's liabilities to its creditors. Why Ahmed is going to do so? A. General partners have a distinct legal personality B. None of the choices are correct C. General partners will contribute more because they have more money D. General partners have unlimited liability
- In a partnership a partner who is unknown to the other partners yet participates in the running of the firm is a -------- partnerWhich is true about a limited partnership (LP)? a. General partners are exposed to liability for all of the businesses’ debts, and limited partners are only exposed to the extent of their investment b. Limited partners are exposed to liability for all of the businesses’ debts, and general partners are only liable to the extent of their investment c. All partners, both general and limited, are exposed to liability for all of the businesses’ debts d. All partners are exposed to liability only to the extent of their investmentdescribe a general partnership business venture that would be interested in becoming involved in. Indicate what would be certain to include in a written partnership agreement. Be specific as to how it would share profits and losses.
- 24. When determining whether a partnership exists, which of the following factors would a court consider? Group of answer choices A. Whether the organization intended to make a profit B. Were the participants involved in the management of the business? C. Did the participants have an agreement? D. All of the aboveWhy might an investor choose to become a partner in alimited partnership instead of purchasing the stock of anopen corporation?1. Which of the following is an advantage of partnerships? a. Each partner has limited liability for the debts of a business. b. Each partner is responsible only for his or her acts. c. A business continues to exist even after the death of any one partner. d. More capital can be raised since good credit may be available. 2. Which of the following factors should be considered while choosing the proper legal form for a business? a. Packaging of the product b. Location of the factory c. Nature of the business d. Name of the product 3. Once the choice of a legal form for a new business has been made, it cannot be changed until the business is dissolved or sold. a. True b. False 4. An equal partnership between owners is advisable in order to facilitate decision-making. a. True b. False 5. Which of the following is an advantage of a corporation? a. It cannot make use of a business owner's personal property…