Social Studies
Social Studies, 19.11.2019 19:31, gloverj9639

In choosing a business entity, principals of the business should consider the extent to which they are personally liable for debt and other contract or tort liabilities of the business entity itself.

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Business, 25.06.2019 20:30, RickyGotFanz4867
Jack and jill form a partnership. jack runs the business in new york, while jill vacations in hawaii. during the time jill is away from the business, jack increases the debts of the business by $20,000. which of the following statements is true regarding this debt? select one: a. only jack is personally liable for the debt, since he has been the managing partner during that time. b. only jill is personally liable for the debt of the business, since jack has been working and she has not. c. both jack and jill are personally liable for the business debt. d. neither jack nor jill is personally liable for the business debt, since the partnership is a separate legal entity.
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Business, 29.08.2019 17:10, LoneWolves
Chloe michaels plans on opening chloe michaels floral designs. she is considering the various types of business organizations and wishes to organize her business with unlimited life and wants owners of the business to not be held personally liable for the business's debts. additionally, chloe wants the business to be a separate taxable entity. which type of business organization will meet chloe's needs best?
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Business, 28.09.2019 05:30, aaburto1515
Your sister formed her business as an llc to protect herself from personal liability. at the same time she opens her business, the economy takes a dive and her business fails with many business debts remaining. which of the following circumstances would make your sister personally liable for her business's debts? a-she signed documents personally securing the debts of the business. b-she did not have sufficient experience to make good decisions on behalf of the business. c-she defaulted on her loan from the small business administration. d-customers did not buy the goods that her business produced and now she must pay back her suppliers.
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Business, 01.10.2019 23:30, amorosoavap5cejz
Which of the following is typically considered a disadvantage of sole proprietorships? multiple choice income taxes are paid by both the business and its owner. the business is considered a separate legal entity from its owner. owner is personally liable for all debts of the business. establishing the business usually requires legal assistance.
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