User Account

All Pages

Determining the limited liability corporation

Assignment Help Business Management
Reference no: EM131189444

Phil, Stu, Alan, and Doug want start a fish farming business in Georgia. They plan to operate the business on land owned by Phil's Uncle Sid. Uncle Sid will act as the manager of the fish farm because of his life-long experience in the business. Phil will contribute $200,000 capital to start the business. Stu, Alan, and Doug will each contribute $50,000.

They have already determined that they want to operate as a limited liability corporation. They approach you for advice on whether they should operate as a member-managed LLC or a manager-managed LLC. Explain the distinctions between the member-managed LLC and the manager-managed LLC. Present your recommendation for the structure they should use. Include the rationale for your determination supported by concepts from your textbook.

Reference no: EM131189444

Questions Cloud

Find out the price that maximizes its profit : find out the price that maximizes its profit, and compare the profits at the two prices.- Discuss the likely effect of the introduction of a fuel-efficient car in the region.
View model to three competitive brands : Select a packaged-goods product category, and apply the VIEW model to three competitive brands within that category. Define all four com- ponents of the model, and explain how each applies to your selected product. Then use the following procedure..
Health insurance portability-accountability act : Why is the Health Insurance Portability and Accountability Act (HIPAA) regarding confidentiality of patient information important? Referring to a healthcare organization with which you are familiar, describe some of the most prevalent challenges it..
Legal analysis and legal rationale : 1. Summarize the relevant facts in the case. 2. Identify the issue(s) the court is deciding in this case. 3. Determine the legal analysis and legal rationale used by the court when deciding the case. 4. Identify the court's holding and its final deci..
Determining the limited liability corporation : They have already determined that they want to operate as a limited liability corporation. They approach you for advice on whether they should operate as a member-managed LLC or a manager-managed LLC. Explain the distinctions between the member-ma..
Analyze the data and identify the strengths and weakness : Analyze the data and identify the strengths and weaknesses of the current site. Report your findings in a memo to Joy McDonald, Communication Committee Chair.
Link between values and individual behavior : Describe the link between values and individual behavior. Now, discuss how that behavior impacts perceptions in the workplace. The perception can be from the employee's perspective of others or from the perspective of others(colleagues or manage..
Working in hr and have a group of new employees : Imagine you are working in HR and have a group of new employees. You want to create information to facilitate the training and the importance of the process that goes into training.
How would you advise management regarding background checks : As an I/O psychologist how would you advise management regarding background checks? Many individuals have criminal histories but are starting over. Would you hire these applicants? Explain.

Reviews

Write a Review

Business Management Questions & Answers

  Explain environmental and organizational complexitywhy does

explain environmental and organizational complexitywhy does environmental complexity lead to organizational complexity

  Receive the exact amount of profit

Receive the exact amount of profit

  Explain what is the average number of accounts receivable

Explain What is the average number of accounts receivable checks being processed in her office

  Epistemological perspectivewhat is knowledge how is

epistemological perspectivewhat is knowledge? how is knowledge acquired? how do we know what we know? is it possible to

  Analyze ways ethical challenges affect the multiple function

Analyze ways ethical challenges affect the multiple functions of business

  Problems faced by sales managers-design compensation plans

Salespeople tend to overemphasize the easy-to-sell products in order to build sales volume. The other, more profitable lines are forced into the background.

  Explain the italian small-appliance maker electric shavers

You are the CEO of Mancon Incorporated as well as you have just acquired Pozoli, the Italian small-appliance maker electric shavers, small household and personal care appliances.

  Major advantages that global companies

From the second e-Activity, examine two (2) instances when multinational companies have used offensive or defensive competitive strategies. Determine the major advantages that global companies would have over domestic competitors in sustaining com..

  Illustrate what are two or three differences between the two

Illustrate what are two or three differences between the two species you selected in each category? Be specific to the animal itself and not its environment.

  Support the terrorist organization

You know that it's wrong, but other American companies in Colombia have complained of workers disappearing, being murdered, plants being vandalized, and other really awful things happening if they refused to support the terrorist organization ther..

  Management leadership functions motivation1 you lead a team

management leadership functions motivation1. you lead a team consisting of highly educated and trained doctors with

  Various profitability business models

DQ 1. Select a domestic or international company and analyze its strategy and explain in detail which of the 15 grand strategies it employs? DQ 2. Explain a profitable business model. What are the various profitability business models? Whi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd