Limited liability partnership

is my goal to provide wise counsel to Tilly on the three possible business structures that she could adopt as a new business owner and the pros and cons associated with each. She has an option to start her business as a sole proprietorship, as a partnership or as a corporation,…

The Limited Partnership is a business form in which investors known as limited partners agree to share in the profits of a partnership without having a voice in partnership management. · Liability: General partners are seen as legally the same entity as the partnership. They are jointly and severally unlimitedly liable to their creditors. Creditor may go after the assets of partnership unit, and further may go after each individual general partner’s personal assets to satisfy a liability. A…

The north, south and east side of the park are very large sidewalk areas that are capable of holding large groups of people at a time. The most obvious of these is the south part of the park where there are two sets of steps that lead up into the park, this is the popular meeting spot for when protest take place here in Union Square. These sides of the park are meaningful as they have the ability to facilitate large groups of people and act as signifying objects that carry meaning with them.…

In the modern world, there are many different countries with different systems of government. In Aldous Huxley’s utopian world, there is only one country, the “World State,” and one government, led by Mustapha Mond and the world controllers. This government system works and runs as a well-oiled machine with very little disruptions, which contributes to its success as a government. For the people of this “World State,” their government and habitations are a utopia, as is evident through the…

Finish Line Incorporated is an American-based athletic footwear and fashion retail chain. The company also sells accessories ranging from socks, laces, and hats to shoe cleaner, insoles, and sports gear. Being my favorite sneaker store, Finish Line Incorporated retail stores are found across America located in 47 states operating over 660 stores. Now being a corporation, Finish Line’s roots began in 1976 among three friends who wanted to create a store that held the newest athletic footwear.…

The business form the best fits Shania’s situation is a limited liability company. According to sba.gov, “a limited liability company is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership” (para. 1). The funding for Shania’s business venture is provided by her husband; therefore, it makes since that they create a…

Chaymae Essaid 61418 February 2, 2016 Public Limited Corporation (La société anonyme) The public company is a business company by its form with any possible purpose. It is made for the large companies and the associates, called shareholders, which are responsible for the social debts only concerning the amount of their contributions. The legal characteristics of the company is very marked, its operation is narrowly regulated by law 17/95 of the 8/30/96 published in the B.O. n° 4422 of the…

Let's examine this additional closely as a result of the potential liability may be ugly. Assume that a sole man of affairs borrows cash to control however the business loses its major client, goes out of business, and is unable to repay the loan. the only real man of affairs is responsible for the number of the loan, which…

protected liability and tax benefits you discussed, this business structure has becoming so widespread in the domestic market that almost two LLCs were formed for every one corporation (Chrisman, 2010, para. 19). I firmly believe that the LLC structure is best fitted for a small business operation (Feigenbaum, n.d., para. 5). However, I disagree with your point that she should open a franchise and, instead, argue that she should open an independent operation. Franchise owners are limited…

line of credit of this size would provide. After this discussion, Dodge had arranged for the credit department of Northrop National Bank to investigate Mark Cartwright and his company. The Cartwright Lumber Company had been founded in 1994 as a partnership by Mark Cartwright and his brother-in-law Henry Stark. In 2001 Cartwright bought out Stark’s interest for $105,000 and incorporated the business. Stark had taken a note for $105,000, to be paid off in 2002, to give Cartwright time to…