Robert and Charles are trying to decide what form of business to form for their new company. They ask you the following question: Which of the following transactions would be considered by the IRS to be a taxable sale of assets? Changing the form of business from:

a. a partnership to an LLC.
b. All of the above.
c. a corporation to an LLC.
d. an LLC to a corporation.

Answers

Answer 1
B. Hope this helped and sorry if it’s wrong I tried my best
Answer 2

A partnership to an LLC, a corporation to an LLC and an LLC to a corporation. Hence, option B is correct.

What is LLC?

State law permits the use of the Limited Liability Company (LLC) as a corporate form. If you're interested in forming a Limited Liability Company, you should verify with your state as each one may have different rules.

States impose a fee at initial formation. Many states also charge recurring costs, such as franchise tax or annual report fees. Consult the Secretary of State's office in your state. ownership that is transferable. Compared to a corporation, an LLC's ownership is frequently more difficult to transfer.

An LLC's primary benefit is implied in its name: limited liability protection. When an owner conducts business through an LLC, their personal assets may be shielded from commercial obligations and claims brought against the company. One or more owners (referred to as "members") may make up an LLC.

Thus, option B is correct.

For more information about LLC, click here:

https://brainly.com/question/15181909

#SPJ5


Related Questions

Wakon Company earned $4.95 per share and paid dividends of $2.10 per share. The company reported a dividend yield of 5 percent. What was the price of Wakon's stock?

Answers

Answer:

$2.85

Explanation:

Because wakon $4.95 have

dividend to $2.10

lack hshshahababahjjss

Answers

Answer:

wjwksjsbdjdhdhsjdns

Explanation:

Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effectiv

e nmmnejeej

amksusshhvsu

Isnsowjwnwoowisndisnejne

If you do not balance your accounts, you run the risk of
and receiving

Answers

Answer:

being overdrawn and receiving NSF fees

Explanation:

When the auditors obtain an understanding of internal control for the financing cycle documentation will frequently include a written description as well as a(n):________.
A. List of audit objectives.
B. Decision table.
C. Summary of tests of controls.
D. Internal control questionnaire.

Answers

The answer is D.Internal control questionnaire. Hope this helps.

Plz help me 25 points!!!! Thxxx <3

Answers

Answer:

Explanation:

The first one get advice and information is can I contact you with any other questions that I may have? The second one build your professional network is in what’s ways is my resume lacking if I want to find a psotion as a mechanic and the last one is the first one

I THINK THESE ARE THE CORRECT ANSWERS BUT TRY TO LOOK IT UP FIRST

The effect on the accounting equation from using supplies which had been previously recorded as an asset is:
d
Mi
T
O assets increase and owners' equity decrease
O assets increase and liabilities increase
O assets decrease and owners' equity decrease
ale
C!
O assets decrease and liabilities increase
D
Loc
BI
Need help? Review these concept resources.
High
Medium
LOW
Do Readin
foi
Rate your confidence to submit your answer.
2021 McGraw Hill. All Rights Reserved.
Privacy | Terms of Use
Type here to search
O
Bi
SA

Answers

The effect on the accounting equation from using supplies which had been previously recorded as an asset is that the assets will decrease and the owner's equity will decrease too.

The assets are the resources that the company has. The owner's equity refers to the proportion from the total value of the asset of a company that the owner can claim.

Since the supply was recorded before as an asset, then the asset will reduce and the owner's equity reduces as well.

In conclusion, the correct option is C.

Read related link on:

https://brainly.com/question/24485293

When several parties or individuals can reach similar values in financial statements by using similar methods, the information is said to be: Multiple Choice comparable. understandable. verifiable. timely.

Answers

When several parties reach similar values in financial statements then the information is said to be comparable.

When two or more companies use same methods of accounting then their values and financial figures can be comparable.

There are accounting standards which provides a base for the accounting treatment for transactions.

There can be analysis if their performance based on their financial figures.

The correct answer is a. Comparable

Learn more at https://brainly.com/question/24480933

Do you have studies for Econ 2301 Principles of Macroeconomics ?

Answers

An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.

If I were a salesmen, how could I sell 10 boxes of burritos?

Answers

You can make posters and signs that can show ppl you sell them or get a food truck !

Sensitivity analysis is concerned with determining how much variation in financial data, the decision maker can have to affect the economic decision.
A. True
B. False

Answers

A. True bc the maker can always affect the economic decision as a whole

A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, the corporation's board of directors would not be liable.

false
true

Answers

The answer would be false

uses of grants funds

Answers

Answer:

Ways to spend grant funds include paying people, travel and hospitality expenses, and the purchase of project-related equipment and supplies. There are a multiple mechanisms that can be used to spend grant funds, depending upon what is being paid for or purchased.

Explanation:

eBook
Print Item
?
Tax Drill - Defined Contribution Keogh
Zack, a sole proprietor, has earned income of $85,000 in 2019 (after the deduction for one-half of self-
employment tax).
The maximum contribution Zack may make to a defined contribution Keogh plan is $
What i

Answers

Zack's maximum amount is $53,000 and the following can be defined in additional calculations:

Only owners, partnerships, and LLCs are given a Keogh pension plan and a flexible pension plan.For 2015, the maximum contribution for Keogh's plan is $53,000.In this question, Zack is the lone owner. It is therefore eligible for the Keogh plan and has a $53,000 maximum contribution.

Note:

This issue was based on the year 2015 when year changes also change.

Learn more:

brainly.com/question/6197869

Matt and Bree are saving for a new car. At the end of 2013, their total savings was $11,500 . In 2014, total savings increased to $12,990 . How much did Matt and Bree save in 2014

Answers

Answer:

the answer is $12,990 - $11500

which is $1,490

ANSWER=$1,490.

Why my messages get rejected by the prospects on LinkedIn?

Answers

Answer:

There are still many businesses that use LinkedIn automation tools to send the same old boring, lazy, and unattractive messages and then expect them to respond. It doesn’t work!

Here are some reasons why Prospects reject your messages right away:

1. They Don’t Care Who You Are

2. You Know Nothing About Them

3. You Don’t Provide Value in Your Messages

4. You Don’t Provide Them Credentials

5. No Clear Call-to-Action

Which of the following statements is true of women in leadership positions?

Answers

Can you give the multiple choice options?

The statement that is true of women in leadership positions is women had significantly lower well being scores then men. The correct option is d.

What is leadership?

Leadership is the ability of an individual or a group of people to influence and guide followers or members of an organization, society or team. Leadership often is an attribute tied to a person's title, seniority or ranking in a hierarchy. However, it's an attribute anyone can have or attain, even those without leadership positions. It's a developable skill that can be improved over time.

Leaders are found and required in most aspects of society, including business, politics, religion and social- and community-based organizations. Leaders are seen as people who make sound and sometimes difficult decisions. They articulate a clear vision, establish achievable goals and provide followers with the knowledge and tools necessary to achieve those goals.

In business, individuals who exhibit leadership traits can ascend to executive management or C-level positions.

Learn more about leadership, here:

https://brainly.com/question/31138185

#SPJ2

The question is incomplete, but the full question probably was:

Which of the following statements is true of women in leadership positions?

A) Women's commitment to their organizations was less guarded than that of their male counterparts.

B) Women were less likely than men to be willing to take career risks.

C) Women were less analytical and forceful than men.

D) Women had significantly lower well-being scores than men.

Charles delivers flowers. He aerns $5.57 to deliever a flower arrangement. Last week he made $746.38. How many arrangements did he deliver?​

Answers

Answer:

134

Explanation:

i divided 746.38 by 5.57 and thats your answer

QUESTION 7
Which of the following in NOT a key element of a successful business?
Good products
Customers who want the goods and services
A manager with a business degree
O Willingness to take risk
OIICOTINIO

Answers

Answer:

manager with a business degree

A company borrows $125,000 from the Northern Bank and receives the loan proceeds in cash. This represents a(n):

Answers

Answer:

A company obtains [tex]\$125,000[/tex] from the Northern Bank and takes the loan proceeds in cash. This represents a(n) Financing activity.

Explanation:

Financing activity:

Financing activities show the progress of cash between a business furthermore its owners and creditors. Financing activities concentrate on how the business develops capital and rewards spine its investors.The activities include issuing and selling stock, returning cash dividends, and combining loans.Borrowing and compensating short-term loans, Borrowing and repaying long-term loans, and separate long-term liabilities.

Learn morn about Financing activity, refer:

https://brainly.com/question/16997467https://brainly.com/question/21337791

1. Family A’s income is more than twice that of Family B, yet Family B has more equity, or positive value, on the things that they own. How do you account for the difference?

Answers

The difference can be account as:Family A has higher debt while Family B has Lesser debt

Equity is the state of possessing an assets after

paying off the Liabilities, which is why Equity is calculated as:

Equity= Total assets - Total Liabilities

In this scenario the difference can be account as:Family A has higher debt while Family B has Lesser debt  which is why despite the fact that   Family A income is higher than that of Family B , Family B still possesses more  Assets than that of Family A due to their lesser debt.

Inconclusion The difference can be account as:Family A has higher debt while Family B has Lesser debt.

Learn more here:

https://brainly.com/question/23545641

help with Business Assignment term 3 grade 12

Answers

Answer:

¿Do you have a screenshot or the question oppositions?

plz help what is the difference between deposite and installment in paragraph​

Answers

Answer:

deposit refers to the savings deposit method where the customer specifies the savings term when opening an account and deposits the principal in installments, and will withdraw the principal and interest in lump sum at maturity. installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, eg mensual)

Explanation:

If you spent $500,000 purchasing a stock on the profit for that year was $100,000 what is the return on investment

Answers

Answer:

njhbgytfr

Explanation:

As leaders, it is our responsibility to those we work with and to ensure we provide them with the tools they need to succeed.

a. True
b. False

Answers

i say it's true! hope this helped

Which statement is an example of effectively managing diversity

Answers

The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.

The following information is not relevant:

If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require  all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.

Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.

Learn more about the diversity here: brainly.com/question/1315537

What is the key to economics? Explain.

Answers

Answer:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Explanation:

this was a answer from my school

Answer:

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives

Explanation:

Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants, and this reality forces people to make decisions about how to allocate resources in the most efficient way.

As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses

For example, there is only so much wheat grown every year. Some people want bread and some would prefer beer. Only so much of a given good can be made because of the scarcity of wheat. How do we decide how much flour should be made for bread and beer? One way to solve this problem is a market system driven by supply and demand.

Supply and Demand

A market system is driven by supply and demand. Taking the example of beer, if many people want to buy beer, the demand for beer is considered high. As a result, you can charge more for beer and make more money on average by using wheat to make beer than by using wheat to make flour.

Hypothetically, this could lead to a situation where more people start making beer and, after a few production cycles, there is so much beer on the market—the supply of beer increases—that the price of beer drops.

Costs and Benefits

The concept of costs and benefits is related to the theory of rational choice (and rational expectations) that economics is based on. When economists say that people behave rationally, they mean that people try to maximize the ratio of benefits to costs in their decisions.

If demand for beer is high, breweries will hire more employees to make more beer, but only if the price of beer and the amount of beer they are selling justify the additional costs of their salary and the materials needed to brew more beer. Similarly, the consumer will buy the best beer they can afford to purchase, but not, perhaps, the best-tasting beer in the store.

Everything Is in the Incentives

If you are a parent, a boss, a teacher, or anyone with the responsibility of oversight, you've probably been in the situation of offering a reward—or incentive—in order to increase the likelihood of a particular outcome.

Economic incentives explain how the operation of supply and demand encourage producers to supply the goods that consumers want, and consumers to conserve on scarce resources. When consumer demand for a good increases, then the market price of the good rises, and producers have an incentive to produce more of the good because they can receive a higher price. ON the other hand, when the increasing scarcity of raw materials or inputs for a given good drive costs up and producers to cut back on supply, then the price they charge for he good rises, and consumers have an incentive to conserve on their consumption of that good and reserve it's use for their most highly valued uses.

In the example of a brewery, the owner wants to increase production so they decide to offer an incentive–a bonus–to the shift that produces the most bottles of beer in a day. The brewery has two sizes of bottles: one 500 milliliter bottle and a one-liter bottle. Within a couple of days, they see production numbers shoot up from 10,000 to 15,000 bottles per day. The problem is that the incentive they provided focused on the wrong thing—the number of bottles rather than the volume of beer. They begin receiving calls from suppliers wondering when orders of the one-liter bottles are going to come. By offering a bonus for the number of bottles produced, the owner made it beneficial for the competing shifts to gain an advantage by only bottling the smaller bottles.

Barbara, a change manager , has political skills, she has built a range of relationships across and outside the organization. These characteristics of Barbara are an example of ____________ dimension political skill.
a. networking ability
b. apparent sincerity
c. interpersonal influence
d. social astuteness

Answers

I think she has a social astuteness because she has a range of relationships across and outside of the organization. So, for that reason she is being social.

never start a project unless all resources are available

Answers

Agreed! This is so true tho!

Financial markets are intermediaries that channel the savings of individuals, businesses, and government into loans or investments.
a. true
b. false

Answers

Answer:

Financial markets mean the intermediaries that route the savings of individuals, businesses, and government toward loans or investments is true.

Explanation:

Financial markets areas allude largely to any financial market where some trading of protections occurs. There are various sorts of commercial business areas, including forex, cash, stock, and stock exchange markets.These sectors transact a wide scope of protections and remain as a basic to these smooth activities of a businessperson community.

The given statement is true.

Learn more about Financial markets, refer :

https://brainly.com/question/14510400

1. If a new breakthrough in manufacturing technology reduces the cost of producing Blu-ray players by half, what will happen to each of the following: Supply of Blu-ray players Demand for Blu-ray players; and demand for Blu-rays Equilibrium price and quantity of Blu-ray players

Answers

Dvd DEEVEEEDEDEEEEERERERRRRR
Other Questions
WHAT ACTIONS CAUSE SPAM ON LINKEDIN? Which detail best supports the central idea of the article that Trudel wanted to see Rickie Fowler play golf more than anything?A."Well, Trudel has dreams--he wants to...play golf for a living. But first, he wants to play golf with his hero, Rickie Fowler."B."Sometimes it's hard to know why you're drawn to somebody. You just are. As Anthony Trudel was to Rickie Fowler."C."Trudel began playing golf when he was 6. He loved it. As long as he paid attention in school...he could play as much as he wanted."D."By the time he was 13, he played four to five times a week, more in the summer. 'Golf is his world,' said Richard Trudel, his father."HELP ME HELP ME HELP ME HELP ME I WIL GIVE BRAINLE heterogeneous mixture homogeneous How are they similar? is 9.373 a repeating decimal? is it rational? Help me with this quesiton Employers may not fire or other wise discriminate against an employee who does which of the following 2. An investment firm purchases a $65,000 CD from a bank at 2%. How much is the investment worth(rounded to the nearest cent) at the end of 4 years if interest is compounded quarterly? what is meant by term 'eelem'?yeha aavo How to find out how many neutrons an isotope has When do you use the verb gustar? The large shell made adepressionin the sand. Geometry. Need help on how to solve G and H Wesley office had already recycled 37 kilograms this year before starting a new recycling plan, and the new plan will have the office recycling 1 kilogram of paper each week,after 13 weeks how many kilograms of paper will wesleys office have recycled 13. Find the total number of atoms present in the following molecules. a. 5 HO b. Zn Cl Which definition best explains science? (1 point) What techniques is used in this sentence from Blueback by Tim Winton. "Abel and his mother lived off the sea and the land. Jacksons had been living here like this for more than 100 year." Thanks so much:D The form gusta is used with _____ and ______. answer asap Solve the following system of equations, using any method. Express your answers in one decimal place. What is the measure of angle K?59Am/KBg/nDA. 180B. 58C. 122D. 32 What is the word form for 2.26