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My research paper was written about Shays' Rebellion of 1786-1787. After the revolutionary wars, America had built up massive amounts of war debt. In 1786, the state of Massachusetts raised taxes to p...

Discussions 12
Discussions 12

My research paper was written about Shays' Rebelli

Week 3 Assignment_16...
Section I Introduction – Review the Introduction section of the article. Briefly describe each of the following three parts of the Introduction and note the degree of clarity and completeness of each...

Week 3 Assignment
Week 3 Assignment

Section I Introduction – Review the Introductio

Module 2 Quiz_165769...
1.statement of owner investments 2.competitors 3.revenues, losses, expenses, and gains 4.assets, liabilities, and owners' equity 5.$350 would show up on the income statement as a sale.

Module 2 Quiz
Module 2 Quiz

1.statement of owner investments 2.competitors 3.r

Ch 38 Limited Liabilities Companies

Companies

Q It has often been said that limited Liability Companies (LLC's) are the "best of all worlds" business entity. 1) What advantage does the LLC have over a general partnership? 2) What advantage does the LLC have over a limited partnership? 3) What advantage does the LLc have over a corporation?

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When it comes to company debts, there is limited liability which can be exercised by LLC owners as well as LLC organizational members (Clarkson, Miller & Cross, 2016). Even when the investment made into a particular company is considered, the liability is of limited nature for the LLC owners and the LLC organizational members. This implies that the liability for any act of negligence or act of wrongful nature by a professional individual can be put on the company in which the individual might work.