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Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm’s only general partner, but she is trying to get several friends to participate as
limited partners. Apparently Mara wants to: a. limit her personal liability to the amount she personally invests in the company. b. Be the only person allowed to share in the firm’s profits. c. Obtain a strong financial base for the firm while maintaining personal control over the firm’s management. d. Meet the legal requirements of the Uniform Partnership Act.
and your question is?
ANGEEELICA|Points 901|
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Asked 2/2/2011 7:04:27 AM
Updated 2/2/2011 7:30:50 AM
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Apparently Mara wants to: c. Obtain a strong financial base for the firm while maintaining personal control over the firm’s management.
Added 2/2/2011 7:30:50 AM
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The _____________ is usually the easiest form of business to start and end. a. sole proprietorship b. limited partnership c. corporation d. cooperative
Weegy: a. sole proprietorship User: 7. Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm’s only general partner, but she is trying to get several friends to participate as limited partners. Apparently Mara wants to: a. limit her personal liability to the amount she personally invests in the company. b. Be the only person allowed to share in the firm’s profits. c. Obtain a strong financial base for the firm while maintaining personal control over the firm’s management. d. Meet the legal requirements of the Uniform Partnership Act. (More)
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Expert Answered
Updated 356 days ago|7/16/2014 4:00:24 PM
1 Answer/Comment
Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm’s only general partner, but she is trying to get several friends to participate as limited partners. Apparently Mara wants to: limit her personal liability to the amount she personally invests in the company.
Added 356 days ago|7/16/2014 4:00:24 PM
Explain the benefits that the Small Business Administration offers
Weegy: A small business can be started at a very low cost and on a part-time basis. [ Small business is also well suited to internet marketing because it can easily serve specialized niches, something that would have been more difficult prior to the internet revolution which began in the late 1990s. Adapting to change is crucial in business and particularly small business; not being tied to any bureaucratic inertia, it is typically easier to respond to the marketplace quickly. Small business proprietors tend to be intimate with their customers and clients which results in greater accountability and maturity. Independence is another advantage of owning a small business. One survey of small business owners showed that 38% of those who left their jobs at other companies said their main reason for leaving was that they wanted to be their own bosses.[citation needed] Freedom to operate independently is a reward for small business owners. In addition, many people desire to make their own decisions, take their own risks, and reap the rewards of their efforts. Small business owners have the satisfaction of making their own decisions within the constraints imposed by economic and other environmental factors.[3] However, entrepreneurs have to work very long hours and understand that ultimately their customers are their bosses. Several organizations also provide help for the small business sector, such as the Internal Revenue Service's Small Business and Self-Employed One-Stop Resource.[4] ] User: There are many sources that can help finance a small business. Name 5 potential sources of capital. Weegy: its too big so you have to check the site, here it is (More)
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Expert Answered
Asked 2/2/2011 8:39:49 AM
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9. A separation between ownership and management is most likely to occur in a: a. sole proprietorship b. general partnership. c. Corporation. d. Limited liability partnership
Weegy: c User: 10. One reason limited liability companies have become so popular is that they: a. can be taxed either as a corporation or as a partnership, so owners can choose the tax treatment that is most advantageous for their situation b. allow owners to sell their interests in the company without requiring approval from the other owners c. have unlimited life d. allow owners to avoid paying self-employment taxes on the company’s profits (More)
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Updated 2/2/2011 7:52:09 AM
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your answer is d. allow owners to avoid paying self-employment taxes on the company’s profits
Added 2/2/2011 7:52:09 AM
12. Trans Globe Airlines has recently looked into a merger with Royal Blue Airlines, a financially troubled rival. The firms believe the merger will create a stronger company that can offer travelers more flights to a wider variety of destination. This proposed merger is an example of a. conglomerate merger b. leveraged buyout c. horizontal merger d. joint venture
Weegy: C. Horizontal merger User: 13. An evaluation of franchising would conclude that this type of arrangement: a. has become the dominant form of business organization in the US because it has many advantages and almost no disadvantages b. appeals to people who want to won a business, but are not comfortable starting a company from scratch c. has a much higher risk of failure than independent companies d. has little chance of success outside the US because many foreign countries do not allow such arrangements (More)
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Asked 2/2/2011 7:41:49 AM
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