This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Insolvency may be the basis for disallowing a creditor's claim against the estate. a. True b. ... (Read 52 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
on: Aug 3, 2018
Insolvency may be the basis for disallowing a creditor's claim against the estate.
 
  a. True
  b. False

Question 2

What are the differences between a limited liability partnership and a limited liability company?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Aug 3, 2018
Answer to Question 1

a

Answer to Question 2

A limited liability partnership (LLP) is a business organization providing limited
liability to partners without restrictions of limited partnership. Partners can participate
in the operation of the business. A limited liability company (LLC) is a business organization
providing limited liability to its owners, but not taxed as a corporation. The LLC is liable for its own debts but there is no personal liability on the part of the owners.


pragya sharda

  • Member
  • Posts: 566
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Kinetic basis for preferential excision of mismatched nucleotides by a 3’ exonuclease site distant Kinetic basis for preferential excision of mismatched nucleotides by a 3’ exonuclease site distant
The science-based DRIs serve as the basis for information The science-based DRIs serve as the basis for information
The Gram-Schmidt Process for Finding an Orthonormal Basis The Gram-Schmidt Process for Finding an Orthonormal Basis
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: hGH, Thyroid hormones & Aldosterone

For a complete list of videos, visit our video library