Liability Essay

Limited Liability Corporation and Partnership Paper FIN/419 Limited Liability Corporation and Partnership Paper A basic idea starts every business. When starting a business, a decision has to be made as to what form of business entity needs to be established. Protection and capitalization of the business must also be established, with the most basic question being what type of entity should be used when moving forward with the business. There are many different factors that have to be

business are through sole proprietorship, partnership, corporation and limited liability companies. This paper will discuss the different formation of a business and advantages/disadvantages, the tax and liability issue of each and the form of business I would choose if I started my own business. There are typically four way to form a business. Sole proprietorship, partnership, corporation (C/SCorp) and limited liability companies are the traditional ways of going into business. A sole proprietorship

LIMITED LIABILITY PARTNERSHIP AGREEMENT BLOOM, LO, WOO, LLP THIS LIMITED LIABILITY PARTNERSHIP AGREEMENT is made and entered into effective July 7, 2015, by and among: Elliot Lo, Petunia Woo, and Stephen Bloom (collectively referred to in this agreement as the "Members"). In consideration of the covenants and agreements herein contained, the Partners agree as follows: SECTION 1 INTRODUCTION 1.1 Formation and Purpose The Partnership will be formed, effective July 7, 2015, by the filing of a limited

Palmer’s Concrete Limited Liability Company Palmer’s Concrete is an independent owned limited liability corporation that uses concrete to build sidewalk curves, and lay foundations for any edaphic. Palmer’s Concrete Limited Liability Company is based in the historical city of Pensacola, Florida and is located in the historical Brownsville area. The overall mission of Palmer’s Concrete is to form a foundation professionally for the moral structure of the individual, the businesses, and secure an

as general partnership. The case study deals with presenting the benefits of Limited Liability Company and the reasons that make a limited liability company a better option. For the purpose of this case study a brief insight will be provided on the both the types of business that is the general partnership and the limited liability. Further, the paper will elaborate the benefit that choosing the limited liability option to start business will cater. Analysis of the Case Study General

The Concept of Limited Liability and the Christian Worldview. “Morality cannot be legislated, but behavior can be regulated. Judicial decrees may not change the heart, but they can restrain the heartless” (Martin Luther King, Jr., Strength to Love, 1963). These words of Martin Luther King, Jr. speaks volume to the society that we find ourselves. It is very rare to come across business owners like Frank who wants to do what is right; first of all, by God and secondly by the laws of the country.

Business Structure: I have chosen the business name of SamRose Productions. I have chosen the legal structure of Limited Liability Company. Facilities: I will have an office located in southern California. I will be located near the Los Angeles area. Business Structure: I am currently working on which professional organizations that I want to join. The film company will be more successful through networking. Facilities: I am currently working on what the zoning requirements are. The zoning

This essay will explain the concepts of separate personality and limited liability and their significance in company law. The principle of separate personality is defined in the Companies Act 2006(CA) ; “subscribers to the memorandum, together with such other persons as may from time to time become members of the company are a body corporate by the name contained in memorandum.” This essentially means that a company is a separate legal personality to its members and therefore can itself be sued and

State statutes authorize the formation of limited liability companies to operate as unincorporated entities with legal identities separate and distinct from their members. With Wyoming being the first state in the nation in 1977 to recognize LLCs as a legal structure for operating a business, all fifty states now have statutes authorizing LLCs. Characteristics of an LLC Limited liability companies possess characteristics of both partnerships and corporations. Like a partnership, an LLC is a pass-though

sole proprietorships, partnerships, limited liability companies (LLC), and corporations in which individuals uses to start their own business. Any types of business structure that you may choose will have legal and tax implications (SBA, 2016). If I were to start my own business, I would choose a business entity structure like Limited Liability Company (LLC). A limited liability company is a mix type of legal structure that provides the limited liability features of a corporation and the tax efficiencies