1 john denny cass and michelle decided to perform music, Ask an Expert

Economics

1. John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), and Michelle would buy dinner before their gig. Has a partnership been formed? How should they split the money they receive for their performance?

2. Mark knew a guy named Bruno who had a good voice and was both uptown and had some funk. They decided to make a record together. Bruno started spending money on a limo driver named Julio. He also called the police and firefighters. Bruno did this without sharing this information with Mark. Is there a partnership? What, if anything, might Mark owe for Bruno’s expenses?

3. Please explain the difference between a general partnership, LLC, Chapter C Corporation, and Chapter S Corporation.

4. Please explain the different types of shares in that may be present in a corporation and their significance.

5. Please explain the role of management Vis to Vis the corporation itself and other stakeholders in various situations.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406975

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