Explain different roles that can have in new corporation

Reference no: EM133308643

Case: A limited liability company (LLC) would be the best type of business entity for Greta and Malala to establish. For business owners, LLCs have several benefits, including pass-through taxation, personal asset protection, and flexibility in management structure. An LLC would allow Greta and Malala to both operate the firm while also offering some security for their personal assets in the event that the company is sued or encounters other legal issues. LLCs are also rather simple to create and keep up, which will be helpful for Greta and Malala as they launch their company. Overall, the ideal kind of company entity for them to create is an LLC.

After speaking with legal counsel, Greta and Malala decide to form a business corporation. Their autonomous vehicle business takes off and has become very successful.

Question: Reviewing our class materials, please explain the different roles that they can have in the new corporation and the purpose of each role.

Reference no: EM133308643

Questions Cloud

How language affects color perception : Explain the findings in the article Men and Women Really Do See the World Differently.Explain the findings in the article How Language Affects Color Perception.

Compare different guidelines-approaches and standards. : Compare the different guidelines/approaches/standards. Discuss your perception of your own cultural intelligence.

Death of close family member : Describe how you will prepare yourself for the inevitable death of a close family member.

What is the source of power in the federal bureaucracy : What is the source of power in the federal bureaucracy? How does this sometimes lead to conflict in the bureaucracy?

Explain different roles that can have in new corporation : Reviewing our class materials, please explain the different roles that they can have in the new corporation and the purpose of each role.

Patient was brought to emergency department : The patient was brought to the emergency department after being burned. he had been clearing and burning brush in a field

What is the main purpose of the workers compensation system : What is the main purpose of the workers' compensation system? . What type of activities taking place at work would not be covered under workers' compensation?

Potential issue or concern in process : Quality tools are not those found in our toolbox at home, but assist in analysis of a potential issue or concern in a process.

Determine the shear force and bending moment values : Unit 20 Principles of Structural Design - Pearson Higher Nationals in Construction and the Built Environment - Calculate bending moments and shear forces

User Account

All Pages