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How can I add a business to an existing LLC?

To add a business to an existing LLC, you can create a new subsidiary LLC under the existing one. This allows the original LLC to maintain ownership and control over the new business while providing legal protection. You will need to file the necessary paperwork with the state and update your operating agreement to reflect the new subsidiary.


What are some typical business strategies?

For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".


What Does The Term Valuation Mean?

A valuationis a full business appraisal that is accomplished by an independent valuer as soon as you've agreed a purchase price for the business.


When a business borrows money from the bank do liabilities increase?

Yes, unless the money is used to reduce existing liabilities


Are Visa and MasterCard credit cards owned by the same company?

No, Visa and MasterCard are not owned by the same company. They are separate entities, each operating its own network for processing credit and debit card transactions. While both companies provide similar services and compete in the same market, they are independent organizations with their own business models and partnerships.

Related Questions

Is it legal to name a business 'The Pottery Pavilion' in the USA when there's an existing business with the same name in Australia?

no


What is an independent business?

An independent business is one that is owned by a private company. Some examples of independent businesses are small business, locally-owned businesses, and startup businesses.


What has the author Lawless J Barrientos written?

Lawless J. Barrientos has written: 'Texas business kit for starting and existing businesses' -- subject(s): Business enterprises, Forms, Taxation 'California Business Kit for Starting and Existing Businesses' 'Maryland Business Kit for Starting and Existing Businesses' 'New Jersey business kit for starting and existing businesses' -- subject(s): Business enterprises, Forms, Taxation 'Florida Business Kit' 'Starting Business Kit' 'Connecticut Business Kit for Starting and Existing Businesses' 'Illinois business kit for starting and existing businesses' -- subject(s): Business enterprises, Forms, Taxation


When was Austin Independent Business Alliance created?

Austin Independent Business Alliance was created in 2002.


When was American Independent Business Alliance created?

American Independent Business Alliance was created in 2001.


If you sell a business can you start the same business?

It depends on if the idea is patented. Often the sale of a company requires you to stay out of the business, or the area for a period of time after the sale to allow the new owner to get the appropriate value from the existing business. And if you do you will have to start it in a different name.


benefits of buying business?

buying an running or existing business is a process of acquiring business which is on sale.


What is the meaning of concurrently?

occurring at the same time/ existing occurring at the same time /existing


Can you open a business when you already have an existing Job?

no


What are Ontario's existing business and industry?

Ontario existing business and industries are : mining gasoline fishing forestry and more i guess i really dont know sorry


What are 4 ways to enter a business?

starting your own business, purchasing an existing business, purchasing a franchise business, and taking over the family business.


What is external reconstruction of companies in accounting?

It is similar to amalgamation though not exactly the same. In external reconstruction a new company is formed for the purpose of taking over the business of an existing sick company which has incurred huge losses and is facing financial difficulties. Existing company is wound up by selling its business to the newly formed company which is generally similarly named and owned by the same shareholders to a great extent.