Help Seve & Exit Your three friends inherited an old dude ranch, and plan to turn it into a pasture for retired racehorses, Shady Rest wants to open its doors by next summer. After going to several small business seminars, your friends are certain they need limited liability. The high-risk, labor-intensive business will require a sizeable investment including an air-conditioned barn, several fenced-in pastures, and loads of animal feed. You explain to them that LLC ownership requires owners to pay self-employment taxes on the entire amount of earnings. You are fairly certain this is one tax liability your friends would like to avoid. You instead recommend Multiple Choice sole proprietorship. general partnership. an S corporation. a limited liability company

Q: Assume that you are the owner of a successful small-to-medium-sized business. You want to grow your…

A: Isolating business and individual budgets is a multi-step measure that some first-time entrepreneurs…

Q: Articulate the advantages and disadvantages of partnerships, LPs, LLCs, and LLPs. Please be sure to…

A: When choosing a business entity structure, there are many factors to consider, including liability…

Q: Describe at least one advantage and one disadvantage of franchising for the franchisor, and at least…

A: Franchising: Franchising is a business arrangement or model in which one party, known as the…

Q: John and Jay are fellow graduates in counseling psychology at Yorkville University. After having…

A: Question  1Partnership Agreement: A partnership agreement is a crucial document that serves as the…

Q: What are the main distinctions between an ordinary partnership and a private limited company?

A: Company- In order to take part in and run a business operation in an industrial or commercial…

Q: in the value of knowing the debt/equity r

A: The debt-to-equity ratio tells an organization the quantity of risk related to the method its…

Q: 39. each person insured under a group life insurance is a a. shareholder b. beneficiary c.…

A: The question is asking to identify the correct term for a person who is insured under a group life…

Q: If there is no written partnership agreement, how is the general partnership managed?

A: The objective of this question is to understand how a general partnership is managed in the absence…

Q: Why can't a business choose to for an LLC, but they can form an LLP?

A: Every business is different in terms of tax situations, many regulations have notable changes from…

Q: describe the various legal entities available to an entrepreneur when starting a business. These can…

A: The various legal entities available to an entrepreneur when starting a business are as follows : 1.…

Q: what forms of funding is needed to form a Limited partnership?

A: A limited partnership (LP) is a type of business structure that has two types of partners: general…

Q: Why are so many new businesses choosing a limited liability company (LLC) form of ownership?

A: Introduction: An LLC is a type of business structure that provides limited liability protection for…

Q: You have incorporated a business which a pack of Tommies now seeks to take over. You oppose this and…

A: IN THE ABOVE CASE,THE TOMMIES SEEKS TO TAKE OVER BUSINESS WHICH IS ALREADY AT THE PEAK STAGE

Q: Explain the advantages and disadvantages of franchising. Please explain.

A: Licensing – It is a type of business agreement that is used as a substitute for direct investment. A…

Q: . Discuss the relative advantages and disadvantages of operating a business as a Limited Liability…

A: About Limited Liability Partnership- The limited liability partnership is the arrangement of…