What are the main advantages of (a) proprietorships (b) partnerships and (c) lim
ID: 2504615 • Letter: W
Question
What are the main advantages of (a) proprietorships (b) partnerships and (c) limited liability companies?
What are the disadvantages of partnership over a limited liability company form of organization for a profit making business?
Emilio Alvarez and Gracila Zavala joined together to form a partnership. It is possible for them to lose a greater amount than the amount of their investment in the partnership. Explain?
What are the major features of partnnership agreement for a partnership or an operating agreement for a limited liability company.
In the absense of the agreement, how will the net income be distributed between two partners in the firm of A and W Envirommental Engineering?
Explanation / Answer
Advanyages
1. proprietor ship
a. asy to estabhish & less compliances
2. Pratnership
a. some more capital & capaacity.
b rectifify the disadvantages of proprietorship
3. company
a. broad capital excess
b. limited liability of share holders
Answer 02
In the partnership there is less capital & less menegerial capacity as compare to limited company
Answer 03
yer it is possble in that case they take money from their personal assets
Answer 04
the agreements helps in resolution of disputes
Answer 05
Eqully
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