Understanding Business with Connect Access Card
Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 5.3, Problem 5.3AQ
Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

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Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan? A. General partnership B. Sole proprietorship C. LLC D. Corporation
Compare and contrast the (1) limited liability company (LLC) and (2) corporation forms of business organizations.  If a person were to start their own business, which one of these forms would they choose?  Why?
No plagiarism Please! 8. Explain the characteristics of sole proprietorships, analyze the advantages and disadvantages of organizing a business as a sole proprietorship, Explain the characteristics of partnerships analyze the advantages and disadvantages of partnerships. Compare and contrast the three forms of business organization.
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