Samuelson explains about LLC that‚ "Members are not personally liable for the debts of the company." (Samuelson‚ 679) Therefore‚ it seems that Leonard is not liable for the debt. However‚ the debt was caused by Leonard’s negligence. In the case of Ridgaway and Silk‚ Samuelson points out that‚ "they are liable for their own misdeeds as employees of the LLC." (Samuelson‚ 680) Also‚ Samuelson argues that‚ " The world would be an intolerable
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Kingdom | KPL Finance Limited | | Cayman Islands | GS Financial Services L.P. (Del) | | Delaware | JLQ LLC | | Cayman Islands | Jupiter Investment Co.‚ Ltd. | | Japan | Goldman Sachs Global Holdings L.L.C. | | Delaware | GS Asian Venture (Delaware) L.L.C. | | Delaware | Triumph II Investments (Ireland) Limited | | Ireland | GS Diversified Funding LLC | | Delaware | Panda Investments Ltd | | Mauritius | GS (Asia) L.P. | | Delaware | Goldman Sachs (Japan)
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from a sole proprietorship to a LLC? The McGee Cake Company‚ currently operating as a sole proprietorship‚ may benefit from forming a limited liability company (LLC). An LLC is a comparatively new type of business entity. With an LLC there are reduced legal formalities in comparison to setting up a corporation. In addition‚ unlike a corporation‚ the McGees could set up an LLC yet remain the sole owners of the company. Another advantage as the owners of an LLC‚ the McGees are taxable only for
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opportunities and threats that may influence its current and future plans.” A major objective of Salt Consulting LLC is to predict accurately the influences of these internal and external factors. The long-term goal is to create a profitable organization that recognizes and predicts any assumptions of what the future will hold. In conducting an environmental scan‚ Salt Consulting LLC will explore factors in the industrial‚ societal‚ and political environments. The firm will study competition and
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is put in | My not participate in the business decisions | Tinker & Tailor’s Home Security Service‚ Inc. | Corporation | Unlimited | Unlimited monetary rewards | Business reputation ruined | Tinker & Tailor’s Home Security Service‚ LLC | LLC | Limited | Business and members are treated separately-limited life/taxes | Full Liability Multiple members or one member | Limit Liability Exposure The key to limiting liability exposure is to realize where your company might be vulnerable
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Accountants are in a position to provide advice to business owners to determine which organization structure is best for their particular business venture. Imagine that you were approached by a friend or relative interested in starting a specialty business to design men and women clothing. Discuss the advantages and disadvantages of at least two (2) forms of business structures. Make a recommendation regarding the structure your friend or relative should use based on this particular venture. Explain
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Between a Corporation and a Partnership The Difference Between a Partnership & an S Corporation | eHow.com http://www.ehow.com/about_6468163_difference-between-partnership- corporation.html#ixzz1y2I1CtVa San Diego Business Law Firm: Difference Between LLC and LLP
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(LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of
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For Immediate Release: Sudden Departure of XYZ‚ LLC Chief Financial Officer XYZ‚ LLC is restructuring to compete in a difficult economy San Diego‚ October 5‚ 2011 – XYZ‚ LLC announced Alex Martin‚ the company’s Chief Financial Officer (CFO)‚ has resigned effective October 5‚ 2011. Alex Martin has replied no comment about the sudden departure‚ but XYZ‚ LLC reported he is pursuing other career opportunities. Industry experts speculate the resignation is due to the company’s impending financial
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MACC-650 Seminar in Federal Taxation Spring 2010 Team Research Project Presentation to John Smith KMCE & A GOLD Gold Group KMCE & A Gold LLC Lawrenceville‚ NJ Dear Mr. Smith‚ We have been requested to review and present to you our recommendations for the start of your new Pharmaceutical/Biotech Consulting Company. To begin‚ we would like to review the information that we have been given from you to KMCE&A. We understand that you have a background as a business executive
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