answersLogoWhite

0

What else can I help you with?

Related Questions

A business entity that is a separate taxable entity is called what?

Business Entity Concept


Is a partnership firm has any legal entity?

No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.


A business organized as a separate legal entity owned by stockholders is a partnership true or false?

A business organized as a separate legal entity owned by stockholders is a partnership.


For accounting purposes the business entity should be considered separate from its owners if the entity is a?

a corporation, proprietorship or a partnership.


A business organized as a separate legal entity owned by stockholders is a partnership?

false


What is the difference between a reporting entity and a taxable entity?

the difference between a reporting entity and a taxable entity is, a reporting entity is the company or organization and the taxable entity is the individual.


What is the Difference between partnership organization and a corporate business organization?

There are several differences, but the main one is this. A corporation is a separate legal entity. A partnership is not.


Is general professional partnership subject to withholding tax?

the GPP itself are exempt for withholding tax but if the income payment are payable direct to the members of the GPP then it is subject to withholdinbg tax.. The GPP is not a taxable entity because its member are taxable individually, so the gpp are exempt from withholding..


What is the difference between sole proprietorship and partnership?

A sole proprietorship is a business run by a single individual. It is not considered to be an entity that is separate from the individual. A partnership is a business of two or more individuals or entities. It is considered to be an entity apart from the partners. A partnership is governed by state law.


The partnership form of business organization a. is a separate legal entity. b. is a common form of organization for service-type businesses. c. enjoys an unlimited life. d. has limited liability.?

A partnership has limited liability.


How must a partnership be cited in a summons?

In a summons, a partnership should be cited by its official name, followed by "a partnership," to clearly identify the legal entity. Additionally, it is important to include the names of the partners if applicable, along with the partnership's address. This ensures that the summons is directed accurately to the partnership as a legal entity.


Can you file a deceased person on your taxes?

No. A deceased person is not a taxable person. and as such it cannot be filed as taxable person or entity.