Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
to compensate for loss or improper
application of funds
that results from the entity's
You Also Might Like...
What is a C Corporation?
A business can be set up in a variety of ways, ranging from a sole-proprietorship to a general partnership, an LLC to a corporation. Corporations are remarkably different from other forms of businesses in the sense that it is an independent legal ...
What Business Structure Should You Choose?
As you plan starting up your own business, one of the first decisions you need to make is the formal business structure you will assume. Which structure you choose depends on your industry, growth goals, and how many people you plan to involve in ...
How to Form an LLC
A small business owner can gain a number of advantages by forming a Limited Liability Company (LLC). The greatest benefit is that you are not personally liable for the debts of your enterprise. Additionally, record keeping requirements for an LLC are ...
LLC vs. LLP
When deciding how to structure your new business a key decision you may need to make can be between creating a Limited Liability Company (LLC) vs. a Limited Liability Partnership (LLP). The key reason individuals consider either of these business ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: