Advantage and disadvantages of the limited liability companies. Introduction: The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

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Your task is to decide how these factors would be either a cost or benefit in each of the three types of organizations. Their level of expertise starting and managing a business: Sole Proprietor Partnership Partnership

Glenda is a much sought-after business consultant and take pride in growing her clients' start-up businesses. A young couple approaches her for advice on how they ought to start and nurture their business model. As you are also a fellow consultant in the same line of business, based on your business entities knowledge, explain at least six (6) characteristics each of a "partnership" and "private limited company" as well as three (3) advantages and three (3) disadvantages of setting up a “partnership" and "private limited company" option respectively. Defend your advice with an entity example of choice suitable to them.

Answer the following questions using 100 words or less. Each prompt is worth 5 points. Why are LLCs and partnerships attractive to businesspersons? Why might the members of an LLC prefer to put the terms of their operating agreement in writing? What is the difference between an LLC and a limited liability partnership (LLP)? Should fraud be required to pierce the veil of an LLC?

Answer 2

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Expert Solution & Answer

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Answer 3

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Expert Solution & Answer

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Answer 4

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Expert Solution & Answer

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Answer 5

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Answer 6

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Answer 7

Chapter 5.3, Problem 5.3AQ

Summary Introduction

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Answer 8

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Ch. 5.1 - Prob. 5.1AQ Ch. 5.1 - Prob. 5.1BQ Ch. 5.1 - Prob. 1TP Ch. 5.1 - Prob. 2TP Ch. 5.2 - Prob. 5.2AQ Ch. 5.2 - Prob. 1MED Ch. 5.2 - Prob. 3TP Ch. 5.2 - Prob. 4TP Ch. 5.3 - Prob. 5.3AQ Ch. 5.3 - Prob. 5TP

Advantage and disadvantages of the limited liability companies. Introduction: The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Solution Summary: The author explains the advantages and disadvantages of the limited liability companies.

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

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Chapter 5 Solutions

Advantage and disadvantages of the limited liability companies. Introduction: The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Solution Summary: The author explains the advantages and disadvantages of the limited liability companies.

To determine: Advantage and disadvantages of the limited liability companies. Introduction: The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

Want to see the full answer?

Chapter 5 Solutions

To determine: Advantage and disadvantages of the limited liability companies.

Introduction:

The company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.