Ross and Jerome have decided to start a small café that caters to the beach crowds in their coastal community. They don't have a lot of money to set up their business, but they know they need to set their business up with some legal protection that separates their personal assets from their business assets. Which form of business would be best for them?

Corporation
Limited liability corporation
Partnership
Sole proprietorship

Answers

Answer 1

Answer:

LLC

or

Limited Liability Corporation

What I searched to get this answer-

Which form of business separates personal assets from their business assets?

What I got-

LLC

Most often, the best way to disentangle yourself from personal and business debts would be to form an LLC which can provide legal protection, enhanced credibility, and pass-through taxes. In the eyes of the law, a legally established LLC becomes a separate entity keeping business assets separate from personal assets.

ONLINE ANSWER. DO NOT COPY LONG ANSWER AND GET ANSWER BEFORE MODS COME!! Hope it helped ^8^

They'll probably delete other answers of mine because their mad that they couldn't phase me by deleting this one but WHO CARES STUP|D MODS. DELETE ALL MY ANSWERS.

I.

DON'T.

CARE.

Answer 2

Answer:

Limited Liability Corporation (or LLC)

Explanation:

Ross and Jerome's Café cannot be a Sole Proprietorship because they are two people. Still, they definitely don't want a Partnership since Partnerships do not separate personal assets from business assets. They could go with a Corporation, but Corporations are very costly, and Ross and Jerome don't have much money. Their best bet would be an LLC. Limited Liability Corporations are less expensive, have fewer regulations, less paperwork, and greater tax flexibility than Corporations all while maintaining the limited liability that makes them so appealing.

I took the quiz and got it right :) good luck!


Related Questions

what are some advantages and disadvantages of living in a clustered settlement?​

Answers

Answer:

The most common name for this new development approach is cluster development, but conservation design and a number of regional terms are applied to the same concept. Regardless of its name, the main objective of cluster development is to allow residential, or even commercial, development while still protecting the area’s environmental features, allowing for more open space, and protecting farmland and the character of rural communities.

Cluster developments differ from traditional developments in several ways. Cluster developments usually site homes on smaller lots and there is less emphasis on minimum lot size. However, the total number of homes, or density, on a given acreage does not necessarily increase over that allowed in the traditional subdivision designs. The same number of homes is clustered on a smaller portion of the total available land. The remaining land, which would have been allocated to individual home sites, is now converted into protected open space and shared by the residents of the subdivision and possibly the entire community. (It is important to note that there is flexibility on the “homes per land area” issue: some incentive-based ordinances allow for development of more homes in exchange for providing other non-required features that are desirable to the community.)

In most cases, local ordinances and regulations must be updated to facilitate building conservation development subdivisions. Road frontages, lot size, setbacks, and other traditional regulations must be redefined to permit the preservation of environmentally sensitive areas, rural architecture, historical sites, and other unique characteristics of the parcel of land being developed. Developers often cite local regulations as the primary reason more innovative designs are not used. More flexible regulations does not mean “anything goes,” however. Traditional codes must be replaced with new design standards that address the goals of conservation development, such as open space Cluster/Conservation Development – Land Use Planning – Local Communi… preservation, etc.

Explanation:

Rainforest are shaped by different landforms. Can you name all 6, explain and state what makes them unique? Add pictures. (6)

Answers

COMMUNITY PARTICIPATION
Write a report of about FIVE pages on your PROJECT
TOPIC: Make every day a Mandela Day
2.1 Identify an organization, institution or project that does community or
volunteer work to provide support to the community or individuals in need.
Include their address and or website
2.2 Describe TWO ways in which the organisation supports the community. (2x2)(4)
2.3 What is the vision and mission statement of the organization?
(2)
2.4 Explain TWO challenges that the organization has experienced while assisting
2020
Life Orientation: Gr 1016
Gauteng Department of Education​

difference between orbital motion and axial motion in simple for class 8 please ​

Answers

Answer:

The axis is an imaginary line through both the north and south poles on which the Earth rotates. An orbit is a curved path that is taken by an object around a star, planet, moon, etc. An imaginary line about which a body rotates: The Earth revolves on its axis once every 24 hours.

An axis is an invisible line around which an object rotates, or spins. The object can be a tiny particle, smaller than a single atom. Or it could be a star with the mass of a thousand suns.

In either case, an object's axis runs through its center of mass, or barycenter. An object's center of mass is a point where an outside force acting on the object acts as if the object were located at just that point—where the object appears "balanced." Earth's center of mass actually varies. Ocean tides shift the center of mass, although not enough to radically shift the planet's axis.

Each planet in our solar system rotates on its axis. So, each planet has a North and South Pole, the points where an axis meets the planet's surface.

The time it takes for a planet or other celestial object to complete one spin around its axis is called its rotation period. Earth's rotation period is about 24 hours, or one day.

Axial Tilt

Some planets, such as Mercury, Venus, and Jupiter, have axes that are almost completely perpendicular, or straight up-and-down.

Earth's axis is not perpendicular. It has an axial tilt, or obliquity. Axial tilt is the angle between the planet's rotational axis and its orbital axis. A planet's orbital axis is perpendicular to to the ecliptic or orbital plane, the thin disk surrounding the sun and extending to the edge of the solar system.

Earth's axial tilt (also known as the obliquity of the ecliptic) is about 23.5 degrees. Due to this axial tilt, the sun shines on different latitudes at different angles throughout the year. This causes the seasons.

Uranus has the largest axial tilt in the solar system. Its axis is tilted about 98 degrees, so its north pole is nearly on its equator. Astronomers suspect that this extreme tilt was caused by a collision with an Earth-sized planet billions of years ago, soon after Uranus formed.

Axial Precession

Earth's axis appears stable, but it actually wobbles very slowly, like a spinning top. It takes Earth's axis about 26,000 years to complete a circular "wobble." This wobble is called axial precession.

Earth’s axis helps determine the North Star, and axial precession helps change it. Currently, for instance, Earth's axis points toward a star called Polaris. Polaris, which gets its name because it is almost directly above the North Pole, is the current North Star.

Polaris will not always be the North Star, however. The Earth's axis is slowly wobbling away from Polaris. In another 13,000 years, it will point toward the new North Star, a star called Vega.

describe the topography of himaliya mountain ranges

Answers

Answer:

dont know

Explanation:

dont know

What Native American group was in georgia when european exploration began in the mid -1500s

Answers

Answer:

i think its the cherokee indians... like a good 95% sure bud

Explanation:

what features or landmark, natural or man made distinguishe the rural settlement from others​

Answers

Answer:

Natural include waterfalls, caves, lagoon. -Landmarks: Man made include buildings and nature reserves like sanctuaries. their distinct features could be: that natural things are God created whereas man made things are artificial.

Explanation:

What are the crime statistics in new york

Answers

so i’m not sure what your looking for exactly so i went on the nypd website and the most up to date crime stats of nyc

African Americans, Native Americans and the Spanish all have influenced which region?

Question 7 options:

Mountain region


Basin region


Piney Woods


Rio Grande region

Answers

African Americans, Native Americans and the Spanish have influenced the Mountain region.

The Mountain region is referred to as the subregion of the Western part of the United States. It should be noted that some of the states that can be found in the Mountain region are Idaho, Colorado, Utah, New Mexico, Arizona, Nevada etc

It should be noted that there are several African Americans, Native Americans and Spanish in this area and their traditions and cultures are prevalent in the area.

In conclusion, the correct option is A.

Read related link on:

https://brainly.com/question/21904650

How long does it take for the moon to complete one revolution around Earth?
A. 14 days
B. 24 hours
C. 365 days
D. 27.3 days

Answers

Answer:

The correct answer is D. 27.3 days

Explanation:

Answer: D. 27.3 days

Explanation: I took the test.

Based on the information presented on the picture, determine all the true statements. LAEB is an acute angle O AE I BC O AB 1 BC AB < AE MLECB = 90 LBEC and LECB are supplementary LAEB and LBEC are complementary C is the midpoint of BD ZBEC a OLABE and ZEBC are complementary ZECD are a linear pair??

1. Con base en la información presentada en la imagen, determine todas las declaraciones verdaderas. LAEB es un ángulo agudo O AE I BC O AB 1 BC AB <AE MLECB = 90 LBEC y LECB son suplementarios LAEB y LBEC son complementarios C es el punto medio de BD ZBEC a OLABE y ZEBC son complementarios ZECD son un par lineal??

ayuda por favor está en english y spanish​

Answers

The correct statements are given below :

∠AEB is an acute angleAE II BCm∠ ECB = 90 degreesC is the midpoint of BD

Acute angle is an angle which forms an angle of less than 90 degrees. The angle measures greater than 0 and less than 90 degrees. In the given image the ∠AEB is an acute angle since it forms an angle of less than 90 degrees.

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Read the passage below. Discuss what strategies you used to determine the meaning of the underlined words

Answers

Explanation:

I'm sorry but where is the passage below to read?

Using at least four complete sentences, describe how decisions made in Brazil’s past have affected the country’s present population.

Answers

Answer & Explanation:

The past decisions taken by Brazil is affecting the present populations on a huge scale, the decisions were:

1. The decisions were majorly taken in terms of environment progress.

2. This will help for the natural resources and environment which will provide them advantages for the upcomming populations.

3. Due to these decisions the count of population has changed; that is currently Brazil has overpopulation; this is because their country is intertwined  with the forest and agriculture.

4. Due to these environmental decisions, more than 85% of the population of Brazil are under this sector.

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