Sarah, Mike and Mark are dentists who would like to form a partnership. They have decided to form a limited liability corporation. Explain why this is a good choice for their dental practice
What will be an ideal response?
As an LLC, they will enjoy the benefits of limited liability protection not provided in a general partnership but the same tax advantages of a general partnership. They also have the option of adding an unlimited number of owners, whereas an S corporation would limit the number of owners.
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Several brokers have been retained by a developer to market properties in a new residential subdivision. Can each broker put their FOR SALE signs on the property?
A. No, only one sign is permitted. B. No, this would be considered a dual agency. C. Yes, if each broker has written permission of the developer. D. Yes, if each broker has notified the Real Estate Commission in writing.
A business's channel strategy determines the framework adopted by the business for ________
A) evaluating its competitiveness and attractiveness in the industry in which it operates B) enhancing the total cost of purchase index for its products and services in the market C) establishing a revenue plan that matches projections and available resources D) marketing its current profitability from conducting business E) selling and delivering its products and services to target customers