misc

Question 1

LLC

Answer 1

limited liability company
Structured and taxed like a parternership.
Owners have limited personal liability similar to a corporation

Question 2

to lobby

Answer 2

solicit something to a voting body for change

Question 3

Joint venture:

Answer 3

Partnering with an international company to do things. You have NO overhead, just get some proceeds for recommending your customers to the international company. Outsourcing to get big gains.

Question 4

SOX what is it, why does it exist, and who has to comply?

Answer 4

•ETHICS STANDARDS

2002, as a result of Enron, two politicians wanted to restore faith in investing in USA
• PCAOB – Public acct oversight board: SPECIFIC AREA of SEC that works only with SOX

Who has to comply? ALL publicly traded US companies, subsidiaries of foreign companies in the USA, and private companies preparing for their IPO