Limited liability company Essays

shopping center it operates in. 1. Legal Structure: Los Pollos Hermanos is a privately held corporation with a legal structure organized as a Limited Liability Company (LLC). This structure provides liability protection for the owners while offering flexibility in management and taxation. As an LLC, Los Pollos Hermanos enjoys the benefits of limited liability, which means that the personal assets of the owners

GERARD WARRENS is the sole manager, officer, and director of STEALTH SOFTWARE, LLC. GERARD WARRENS ("WARRENS") resides in Cave Creek, Arizona but is domiciled in The Netherlands. He is the sole manager for STEALTH SOFTWARE, L.L.C, an Arizona limited liability company. 66. Defendant GERARD WARRENS is the sole officer, director, and owner of STEALTH SOFTWARE, B.V., STEALTH SOFTWARE

Title of article: “A Bartender Explains Why the Anti-Tipping Movement Is Unethical” Link to article: http://www.eater.com/drinks/2015/3/3/8140107/a-bartender-explains-why-the-anti-tipping-movement-isnt-ethical Connection Between What’s Ethical and What’s Legal There are many connections between what is ethical and what is legal. Basically, the main difference between what is ethical and what is Legal is that ethical issues are acts that an individual might feel are wrong but are not against

They also determine the court made a mistake as difficulty of the law by definition; the plaintiff is independently liable for the judgment against OPL, a limited liability partnership preceding an alter-ego viewpoint. Therefore, the judgment should be reversed, and return to the courts for issuance of a statement of verdict and a new judgment should be made. They did not reached the dispute of whether significant

Since 1923, the Green Bay Packers have been the only publicly owned, nonprofit professional sports organization in the country (Zirin, 2011). While indeed a unique case, the Packers are the way professional sports should be organized and operated. Every few years, as collective bargaining agreements are negotiated among players and owners, lock outs often occur. Naturally, players and owners both want their piece of the pie. While the collective bargaining negotiation process is often necessary

Corporate Shield of Liability For centuries business structures have been utilized for Asset Protection Planning. A corporation is normally a very effective way to shield one's personal assets from liability resulting from the operation of a business. Normally, the shareholders of the corporation are only liable to the extent of their investment in the corporation. However, officers, directors and employees can be personally liable for their conduct relative to the operation of the business and

Abstract: This essay compares different business structures, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), for the Winchester Brothers' supernatural hunting business. After weighing the advantages and disadvantages of each option, it argues that an LLC would be the best choice for the brothers, as it would provide personal liability protection, flexibility in management, and favorable tax treatment. Introduction The Winchester Brothers, protagonists

Taxation of an LLC Like a partnership, a limited liability company is a pass-through entity, a tax structure designed to avoid double taxation. An LLC is a non-tax entity. Its profits and losses are reported on its members’ individual tax returns. The members are responsible for paying taxes on the LLC's profits. In practical terms, an LLC, like a partnership, serves as an agent for the Internal Revenue Service (IRS) in collecting and reporting tax data about the company’s income and expenses. The

the realm of development and mining gear organization, and diesel motors, regular gas, mechanical gas turbines and diesel-electric trains. Caterpillar Inc. It follows its birthplaces to the 1925 merger of the best tractor producer Jim L. Holt and Company, and the formation of new works for the tractor Caterpillar, situated in California. In 1986 the organization's rearrangement as a Delaware under its present name, Caterpillar home office in Peoria is found, Illinois, United States of America.

Advantage of LLPs. The major advantages of Limited Liability Partnership are listed below: a) Limited Liability: Unlike a general partnership, an llp is a separate legal entity from its partners. Thus the partners are not held liable for the liabilities of the llp. Any debts or liabilities against the company shall not be required to be paid at the cost of partner 's assets. Whereas in general partnership the partners share the profit as well as the losses of the partnership b) Flexibility: LLP enjoy

running over 100 attractions. The ownership of Thorpe park is a public limited company (PLC), this means that it sells shares in the stock market so it isn’t owned by just one person instead it has shareholders. Being a PLC has its benefits, for example there is limited liability for the shareholders of the business, the business can raise a large sum of money as there is no limit to the amount of shareholders that the company can have, and it also helps the business to

Because there was more than one owner, a sole proprietorship was not appropriate. A general partnership would lead to individual member liability: Since the deli failed, this would have subjected the partners to significant personal liability. A limited liability company, closely held corporation, or S corporation would both protect owners from personal financial liability. As the deli failed, this would be a benefit. An S corp would offer additional tax benefits, such as allowing investors to deduct

association. This implies that it is body of bodies; in fact, a fake individual composes of regular persons. For the purpose of much legislation it considered as a legal person. An organization is separate legal personality. Under the idea of limited liability the owners of the organization under ordinary circumstances, are not answerable or in charge of the commitments of the organization in this manner owners shareholders liable just for the amount of their unpaid shares and not the commitments of

the acquisition between Royal Dutch Shell Plc and BG Group Plc. where the acquirer is Shell and target company is BG and aims at determing the most desirable method of payment from the perspective of Shell. The first method of payment is through cash. The equity portion in the balance

structures that Painted Image can select in the development of thier company, which range from sole proprietorship, partnerships, limited liability company (LLC), and corporations (S,B,C)(U.S. small business adminstration SBA). A sole proprietorship is an entity consisting of one person, and is the simplest business structure to form. The owner can conduct business under a trade name and the business can be used to test a company before reforming to a new business structure . The sole proprietors

business partners as a company (as opposed to sole trader or partnership) The reason I have chosen to set up a company is because of the following reasons:  The company is separate from its shareholders and a legal entity in its own right Being that the company is separate from its shareholders (who are the five old classmates who have come together to form this company), the shareholders have limited liability when it comes to the assets and debts of the business.  The company owns its own assets

partnerships is often split between those who own the business a company has many more areas to split profit. Companies often have two options in how to distribute their profit. They can either reinvest them within the business or they can give them to shareholders as dividends. Companies on a very large scale often have Board of Directors who will generally decide the distribution between the two different options. In general companies on a smaller scale chose a mixture of reinvesting profits into

proprietor, partnerships, along with S and C Corporation. This type of business entity also has less paperwork along with filing costs. The members are exempt from any liabilities or legal issues the company may experience. The most beneficial may be that owners’ responsibility for any debt is limited despite having control the company Cons: Typically corporations are more expensive to startup compared to sole proprietorship or partnerships. At times an LLC business may find when starting up this type

University of the People BUS-5111 Financial Management Professor Dinesh Tandon May 18, 2023 Background: Dottie’s Grocery Chain company Dottie's Grocery chain is a local family business in the United States. They've grown from a single fresh fruit and vegetable store to a full-service grocery store chain over the span of 4 decades and is a notable company in the community. The only shareholders of Dottie's Grocery are made up of 7 shareholders who are all members of the family. They're facing

Introduction What is 'Limited Partnership - LP'A limited partnership (LP) exists when two or more partners unite to jointly conduct a business in which one or more of the partners is liable only to the extent of the amount of money that partner has invested. Limited partners do not receive dividends,What is a 'Dividend' A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments