Law Questions
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single business enterprise, short termis a ___ ____
'persons' (in the definition of a partnership) is broadly defined and can be a _____ not just individual people
what type of liability does a general partnership have?
with a general partnership, how many votes does each partner get ?
What is an advantage of a S corporation that a standard corporation does not have?
LLC laws define dissolution of an LLC as a ——— process.
Robert Hill Corp. (RHC) is incorporated in the state of Delaware. If it transacts business in Iowa, RHC would be characterized in Iowa as
Raul wants a simple method to start-up a small marketing company. The marketing firm has relatively low revenue and expenses. Which type of business entity would you suggest?
Chaplain Corporation is a privately held corporation that wishes to offer ownership interests to the general public and commercial investors in order to generate more capital. This process is called
Evan wished to start an LLC that will do business in Florida, Vermont and Alaska. In which states must be file the articles of organization?
Several people have decided to go into business as an LLC. To cover all contingencies, they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution. This information would be included in
when was the 1st uniform model of a General Partnership created? When was it revised?
1. Limited Liability of shareholders2. Free Transferability of Ownership Interest (Shares)3. Centralized Management 4. Voting per capital investment 5. Dividends by capital ratio6. Corporation taxation7. Perpetual Existence8. More formalities, filings, mandatory meetings and structurethese are characteristics of what type of business organization?
How many steps are there in starting a new business?
1. name registration2. fictitious name filing3. trade name and trademark filing4. website name issuesare four components of what step of starting a new business?
The process when an individual member of an LLC exercises the right to withdraw from the partnership is called
(Involving Traditional Corporation)shareholders have limited liability, which means their liability is limited to...
corporations have been a type of businesses since the early ____
in order to sell tangible personal property, a new business needs a ...
Professional Corporations have been around since the ____, but MO rewrote it in 1986