Owner have unlimited liability for business debts

Assignment Help Financial Management

Reference no: EM131190067

Match the different advantages and disadvantages with the following legal forms of business. Enter the letter for you answer in the space provided. NOTE:You will have to use some answers more than once.

Owner(s) keep all the profits b. Has rights and privileges similar to a realperson

c. Relatively easy to form the business

d. Owner(s) have unlimited liability for business debts

e. Equity limited to owner(s) wealth f. Owner(s) have limited liability for business debts

g. Forming the business can be difficult h. Profits may be subject to double taxation

Advantage Disadvantage

Sole Proprietorship ________ ________

Partnership ________ ` ________

Corporation ________ ________

Reference no: EM131190067

Questions Cloud

Determine the pressure difference of the water in the pipes : Explain your answer in explicit details, and list all steps leading up to your final answer.

Compute total income chargeable to tax : (i) Compute total income chargeable to tax and show the tax payable thereon. (ii) Comment on any information not used for computing taxable income above. (iii) Is Matata to blame for failure of the company to pay his PAYE? Explain.

Explain the use of net present value : How do you explain the use of net present value (NPV) in business? What considerations are made when calculating NPV? How may you use NPV to create your own, or someone else's, retirement plan?

Determine the rate of energy consumption by the burner : Determine the rate of energy consumption by the burner and the unit cost of utilized energy for both electric and gas burners.

Owner have unlimited liability for business debts : Match the different advantages and disadvantages with the following legal forms of business. Enter the letter for you answer in the space provided. Relatively easy to form the business. Owner(s) have unlimited liability for business debts. Equity lim..

Interest rate on her investment account : Mrs. James needs $5,000 in three years. If the interest rate on her investment account is 8.4% compounded monthly, how much should she put into her account at the end of each month to have $5,000 in three years?

What strategic changes did hrm make : HRM has made a dramatic transformation in companies. Describe how HRM has changed itself from personnel to human resource management. What strategic changes did HRM make? Provide an example of how HRM is a strategic partner in your current line of..

Calculate the true fluid height in the tube : The system in Fig P1.65 is used to estimate the pressure p1 in the tank by measuring the 15-cm height of liquid in the 1-mm-diameter tube. The fluid is at 60°C.

Components of a discounted cash flow : Question: What are the components of a discounted cash flow?

User Account

All Pages