What is the difference between liquidation bankruptcy and realignment bankruptcy?
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What is the difference between liquidation bankruptcy and realignment bankruptcy?
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- Identify the strengths and weaknesses of each term and their impact. Terms: Financial accounting system, Termination policies, and legal principlesHow fill Form 1120 Corporations with this info: (it's a fake company) For learning purposes only The OMS Staff Solutions II company is a for-profit company registered as a corporation, with employer social security number 26-3029054, incorporated on January 2, 1994. The address of this company is 960 Amick Loop, Lakeland, Fl 33815. According to the company's books, there were the following items both at the beginning of the taxable year and at the end. Balance at the end of the year Dec. 31 2021Sales $5,500,000Salaries, commissions and bonuses to employees 900,000Federal Social Security 620,000Medical insurance 20,000Insurance…Do you think that the necessity of written documentation of legal transactions is more urgent in the area of creditors’ rights than it is in other areas of law studied in this class, or in Business Law I?
- The major difference between realizing a capital loss or a business investment loss is the sale of shares or write-off of debts of a Small Business Corporation. True FalseJosue is part of a business entity in which the parties are protected against personal liability for business debts. What type of business entity is this? Is it able to be registered as a brokerage? It is an LLC. It may be registered as a brokerage. It is an LLC. It may NOT be registered as a brokerage. It is a corporation. It may be registered as a brokerage. It is a corporation. It may NOT be registered as a brokerage.How does limited liability impact the decision-making process and risk management strategies of a company?
- Explain how the income of corporations is double taxed and what a corporation can do to minimize their tax burden?1. Explain the all the forms of and the advantages and disadvantages of each form of business. Define each form of business, sole proprietor, partnership, LLC, LP, and Corp. Next for each form of business explain the advantage and disadvantage of that particular form of business, comparing that form to the other types discussed. 2. Explain which form you would want to use for your business. o Explain why.Discuss the consequences of incorporation of a company and elaborate oh how different groups Such as shareholders creditors and diare affected
- In details explain what's secured creditors and unsecured creditorsWhat are the Advantages & Disadvantages of Shares & DebenturesWhat business form would be most appropriate for Tim’s and why? Explain the benefits and drawbacks of the business form you chose. Explain which general state and federal laws (see resources below) might impact registration of Tim’s business, due to the fact that it is a restaurant business.