AccountingQueen

(3)

$16/per page/Negotiable

About AccountingQueen

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing,Film,Foreign Languages,Geography,Geology,Geometry,Health & Medical,History,HR Management,Information Systems,Law,Literature,Management,Marketing,Math,Numerical analysis,Philosophy,Physics,Precalculus,Political Science,Psychology,Programming,Science,Social Science,Statistics Hide all
Teaching Since: Jul 2017
Last Sign in: 270 Weeks Ago, 1 Day Ago
Questions Answered: 5502
Tutorials Posted: 5501

Education

  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,
    Feb-1999 - Mar-2006

  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,University of California
    Feb-1999 - Mar-2006

Experience

  • PR Manager
    LSGH LLC
    Apr-2003 - Apr-2007

Category > Business & Finance Posted 10 Aug 2017 My Price 10.00

Types of Legal Ownership

 

 

Types of Legal Ownership

Ownership Structures

Sole Proprietor

General Partnership

Limited Liability Company (LLC)

Corporation

Number of Owners

   

One or more

Multiple

Formation Difficulty

 

Low

Medium

 

Liability

Sole proprietor has unlimited liability.

   

Officers/shareholders are not typically responsible for the debts of the corporation.

Operational Requirements

 

There are relatively few legal requirements.

 

Formal board of directors, annual meetings, and annual reporting required.

Management

Sole proprietor has full control of management and operations.

 

Members have an operating agreement that outlines management.

 

Federal Taxation

 

It is not a taxable entity. Each partner pays tax on his/her share of income and can deduct losses against other sources of income.

 

It is taxed at the entity level. If dividends are distributed to shareholders, they are also taxed at the individual level.

 

 

Answers

(3)
Status NEW Posted 10 Aug 2017 06:08 AM My Price 10.00

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