Two CPA firms, one having 70 partners, and one having 40 partners, are planning to form a new
CPA firm. They want to use a form of business organization that will give each of the 110
owners of the new firm limited liability.
What are the available options to meet this goal?
A) A limited liability partnership, a limited liability company, or an S corporation
B) A limited liability partnership, a limited liability company, or a limited partnership
C) A limited liability partnership or a limited liability company
D) A limited liability partnership, a limited partnership, or an S corporation
C
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A potential near-term impact of this short-term management approach, referred to as "short-termism", is:
A. Organizations tend to increase their emphasis on talent management strategies B. A focus on leadership and development C. Talent development costs viewed more as operational expense than capital investment D. A focus on long-term strategic and operational health E. Planning focuses on strategic plans
Which of the following deeds is used in most real estate deed transfers and offers the greatest protection to the buyer?
A. Quit claim deed B. Bargain and sale deed C. General warranty deed D. Special warranty deed