How do business owners create legal entities

Assignment Help Business Management

Reference no: EM133558247

Assignment:

Answer the following questions:

How do business owners create legal entities and is the process the same for all entities? If not, what are the differences?
What is the operating agreement for an LLC? Are operating agreements required for limited liability companies? If not, why might it be important to have one?
How does a corporation's decision to pay dividends affect its overall tax rate [(corporate level tax + shareholder level tax)/taxable income]?

In your answer please consider the positive and negative aspects of using an LLC or a corporation.

Answer the following questions:

Briefly, describe the process of computing a corporation's taxable income assuming the corporation must use GAAP to determine its book income.
How might the process differ for corporations not required to use GAAP for book purposes?
Why is it important to determine whether a particular book-tax difference is permanent or temporary?
When a corporation receives a dividend from another corporation, does the dividend generate a book-tax difference to the dividend-receiving corporation (ignore the dividend-received deduction)? Explain.

Reference no: EM133558247

Questions Cloud

Describe two different symptom rating scales that would be : Can you describe two different symptom rating scales that would be appropriate to use during the psychiatric assessment of a child/adolescent?

What is an evoked set of brands : Why it is important for entrepreneurs to strive for that AND share an example of an evoked set of brands you hold for a specific category.

Could this error be just chalked up to a new nurse : Could this error be just chalked up to a new nurse and the outcome be more training for that nurse, and then just let it go? Why or why not?

Definition advertising and public relations : Select a definition for each: advertising and public relations. In one paragraph for each definition, share if you agree with it and how you would change it.

How do business owners create legal entities : How do business owners create legal entities and is the process the same for all entities? If not, what are the differences?

Discuss whistleblowing-bribery : Given this background, discuss how whistleblowing, bribery, discrimination, and workplace romance can transform the workplace to achieve corporate goals.

Role of the hr bp at the stage of employee lifecycle : What are the implications of these changing business and talent demands on the role of the HR BP at the stage of employee lifecycle?

How some of the statements do or do not change : Be creative Summary of Change/No Change Describe if and how some of these statements do or do not change during the first 3 months of a fetus' development.

Pros and cons of face to face interactions vs online : Reflect on how businesses are having to adapt to new ways of operating including the pros and cons of face to face interactions vs online.

User Account

All Pages