Limited Liability Company and Partnership Jasamine L. Stephens Finance for Decision Making FIN/419 October 10‚ 2011 Maria Johnson Limited Liability Company and Partnership Every business venture begins with a dream and a basic idea. Beginning a business is a decision that must be made by first deciding what type of entity to establish. There are several factors that need to be decided such as will the new business have one or multiple owners. The most common forms of a business
Premium Corporation Limited liability partnership Limited liability company
iA Limited Liability Company (LLC) is a business structure allowed by state statute. LLCs are popular because‚ similar to a corporation‚ owners have limited personal liability for the debts and actions of the LLC. Other features of LLCs are more like a partnership‚ providing management flexibility and the benefit of pass-through taxation. Owners of an LLC are called members. Since most states do not restrict ownership‚ members may include individuals‚ corporations‚ other LLCs and foreign entities
Premium Limited liability company Corporation
Multiple choice Ch13 Liabilities TRUE-FALSE—Conceptual 1. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized. 2. Dividends in arrears on cumulative preferred stock should be recorded as a current liability. 3. Magazine subscriptions and airline ticket sales both result in unearned revenues. 4. Discount on Notes Payable is a contra account to Notes Payable on the balance sheet. 5. All long-term
Premium Balance sheet
Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset becomes
Premium Asset Generally Accepted Accounting Principles Balance sheet
case the driver or his companions engage in suspicious activities. Ordinarily‚ motor vehicle stops are supposed to last a few minutes after the driver is issued a traffic citation and the driver leaves or ones the officer satisfies himself that no criminal activity is taking place and the driver leaves. There are situations however when drivers of vehicles who are asked to stop attempts to elude the police officers’ command to stop and flees. In these situations the police officers may engage in
Premium Police Crime Criminal justice
of the mind‚ this is known as insane automatism which results in a special verdict of not guilty by reason of insanity. The defence of non-insane automatism‚ if successfully pleaded‚ acts as a complete defence absolving the defendant of all criminal liability. It differs from the defence of insane automatism in that there is no power to detain in a mental hospital neither may any other order be made against the defendant. The defence of non-insane automatism exists where a person commits a crime
Premium Criminal law Causality Consciousness
CERTIFICATION This academic report is a product of SANDRINE NJEMO NKA’A from an industrial training program at N ATIONAL PORT AUTHORITY CREDIT UNION LEAGUE [NPACCUL] for the period of August 1 to September 30. This report has been carefully developed in accordance to the conditions and criteria that satisfy the award of B.SC Accounting Degree from the Catholic University Of Bamenda Cameroon [CATUC]. Signature; ………………………………… ……………………………… The Manager NPACCUL
Premium Credit union Interest Debt
Running head: PROFESSIONAL DEVELOPMENT OF THE NURSING PROFESSIONALS Professional Development of the Nursing Professionals Stephanie S. Bustoz Grand Canyon University: NRS 430 September 18‚ 2012 Professional Development of the Nursing Professionals The world is an ever-changing planet with continuous progress towards bigger and better. Nursing is no different. We are always striving for ways to increase our knowledge‚ skills‚ existence‚ authority‚ independence‚ and notability
Premium Nursing Health care Health
Elenora Vidal-Pascal Professional Development of Nursing Professionals Grand Canyon University 02/01/2013 NRS-430V Impact of the IOM Report on Nursing Education‚ Leadership and Practice Nursing has become one of the fastest rising professions‚ not only in the United States but‚ in the world. Nurses have been regulated in their scope of practice for years. With The Affordable Care Act of 2010coming accessible to the public‚ nursing will be called in to utilize their skills to be in the forefront
Premium Health care Medicine Health
Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
Premium Asset Accounts receivable Balance sheet