0
"Sino" - in general is stand for "China"
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Does a joint venture have to be incorporated?
No, a joint venture can take many forms. It may simply be a contractual relationship between two companies, or it may be a separate corporation, partnership or limited liability company.
What type of business has the most liability partnership sole proprietorship corporation or limited liability partnership?
The liability of various forms of business are as follows: Partnership: The liability of the partners is joint, several and unlimited. Sole proprietorship: The liability is of the proprietor is unlimited. LLP: The liability is limited by MOA and AOA.
Is Starbucks a joint stock company?
public limited company
What are three forms of business association?
Corporations, partnership/joint ventures, limited partnerships, limited liability companies, etc.
Does joint liability extend to all partners?
It extends to all general partners, but not to limited partners.
What are the features of joint stock company?
Limited liAbilities,transferable share
Did the british companies act of 1856 limit the liability of owners of the joint stock company shares?
Yes, it did!
What is the difference between joint liability and joint and several liability?
Joint liability means the defendants each must apy their share. Joint and several liability means the plaintiff can collect all dammages from one defendant if the other defendants cannot pay.
What is the difference between an investment company and a limited company?
There are two common types of businesses: "Pass-through" Businesses Pass-through businesses are those in which the profits and losses of the business pass through to the owners. In other words, the business income is considered as the owner's income, and the owner pays the tax on his or her personal tax return. Separate Business Entities Corporations are separate businesses entities. The profits and losses of the corporation are taxable to the corporation, not the owners {shareholders). Corporations are set up as separate business entities. How are LLCs and Corporations Formed? Limited Liability Company (LLC)Set-up An LLC is formed when one or more business people wants to go into business together. The owners, called "Members," file Articles of Organization and set out an Operating Agreement. An LLC is a pass-through type of business, because the profits and losses are passed on to the Members depending on their share of membership. Corporation Set Up A Corporation is a separate legal entity. It is formed by filing corporate organization forms in the state where the corporation is located, and by designating shareholders, each with a specific number of shares. The corporation also creates a Board of Directors to oversee the corporate business. How are Corporations and Limited Liability Companies Alike? Both corporations and LLCs limit the liability of the owners/shareholders from the debts of the business and against lawsuits against the business. How are Corporations and Limited Liability Companies Different? Corporations and LLCs are different in how they are taxed. Because corporations are separate entities, they are taxed at the corporate rate, while LLCs are taxed based on Adjusted Gross Income of the owners. Here is an example: A corporation has a profit of $350,000 for 2007. That profit is taxed at the corporate tax rate of 35 percent. An LLC has the same amount of profit of $350,000. Its two Members each have a 50 percent share in the LLC, so each one is taxed on $175,000 of income on his or her personal tax return. The income from the LLC is included in the 1040 on line 12, and is considered along with other income for that person or couple for that year. From About.com
What are joint stocks companies?
A joint-stock company is a pooling of resources by investors who want to start a venture but do not have enough capital. they share the profits eventually BUT..... if the investment fails, the loss will be shared by everyone( you will lose your shirt and boxer briefs too!) as opposed to another venture with the same pooling of resources but under the umbrella of a limited liability company (where your boxer briefs will be protected )and the company loses but not the individuals. You get to keep your boxer briefs. :)
What does it mean a married couple filing a joint tax return has joint and several liability for the taxes associated with the return?
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
What was the effect of the passage of general incorporation and limited-liability laws?
Enabled business people to create more powerful and effective joint-stock capital ventures
