Discuss the legal effect of incorporation or registration of a Limited Liability Partnership. State the procedure to be followed for effecting the change of registered office from one State to another State as per the Limited Liability Partnership Rules, 2009.
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Discuss the legal effect of incorporation or registration of a Limited Liability
office from one State to another State as per the Limited Liability Partnership Rules,
2009.
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- Kindly use "Partnership and Corporation Accounting" by Ballada 2020 issue - 22nd edition as reference for the table and terms.Select the best answer. With regards to different types of entities, which of the following statements is true? O A. General partnerships must file Articles of Organization with the state. In a limited liability partnership, the partners are shielded from personal liability for tortious acts. OB. O C. Limited liability partnerships must register in the state of formation. Under Regulation §301.7701-3(a), entities that are not automatically classified as c O D. are considered to be ineligible entities that are not able to elect how they are to be Submit AnswersSelect the correct answers for the following: If ZZZ Corp., a domestic corporation registered and commenced operations in 2019, the MCIT shall apply when? a. 2021 b. 2022 c. 2023 d. 2024 If Inday, a CPA, established a partnership with Nico, a Certified Internal Auditor, to engaged in business consultancy service, the partnership is: a. Taxable as a corporation b. Is not allowed by law c. A general professional partnership d. Is exempted from taxation as the partners ae the ones liable for the tax With the intention of limiting contact by taxpayers when dealing with the Bureau of Internal Revenue and at the same time save time and money, the Bureau allowed on-line filing of returns and other reports. This is in keeping with: a. Fiscal adequacyb. Administrative Feasibilityc. Uniformity in taxationd. Theoretical justice Professional tax collected by treasurers of LGUs is an example of:a. Privilege taxb. Direct taxc. Income taxd. Specific tax
- How isaccounting for a partnership ifferent from accounting for a corporation.describing a Limited Liability Partnership in which would be involved in. Indicate specific provisions which would be include in the LLP agreement.A general professional partnership (GPP) is one: That derives professional income and rental income from property owned by it. That exclusively derives income from the practice of the common profession. That is composed of individuals who exercise a common profession. That is registered as such with the Securities and Exchange Commission and the Bureau ofInternal Revenue.
- 8. Which of the following is true regarding a general partnership? A.Partnership debt must be apportioned based on partnership percentages. B.The partnership must file a certificate of formation with its home state. C.Partners have unlimited liability for partnership debts. D.The partnership must remit federal income taxes on behalf of the partners 11. Which of the following statements is correct regarding a limited liability company's operating agreement? A.It must be filed with a central state agency. B.It must contain the name and address of the limited liability company's registered agent. C.It contains provisions for allocating profits and losses to the owners. D.It allows a limited liability company to legally transact businessProvide a sample of Articles of Partnership registered in SEC Philippines (Limited Partnership) MUST BE SEC ACCREDITED AND NOT GUIDELINESWhat are the necessary steps to be taken in order to form an LLC in state of Ohio?
- Conduct a research on how to register a One Person Corporation with the Securities and Exchange Commission. Prepare the following: 1. Articles of Incorporation of preferred One Person Corporation. 2. By-Laws of preferred One Person Corporation 3. Letter of the Securities and Exchange Commission for the assigned Nominee and Alternate NomineeWrite an e-mail to a client describing situations in which the partnership entity form might be more advantageous (or disadvantageous) than operating as a C corporation. Use subheadings and bullet points to highlight your major thoughts. You may use the following as a template: Dear Mr./Miss Jones, I am in receipt of your question(s) about the advantages or disadvantages of operating an entity (for tax purposes) either as a partnership or a C-Corporation. I will bullet my points below for clarity. Then you may end the email in any professional way you feel appropriate.Briefly introduce the legal nature of partnerships and companies, with emphasis on the contractual principles governing the formation and discharge of partnership agreement.