A corporation's charter should be brief, in accord with state law, and broad in the statement of the firm's powers.
Correct Answer:
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Q3: Partners must contribute capital or assets to
Q5: A management team is often stronger than
Q10: Sole proprietors often benefit from fringe benefits
Q11: As in a partnership, ownership in a
Q13: Ownership in a corporation is evidenced by
Q14: The concept of balance on the management
Q17: The sole proprietorship is usually the practical
Q18: Joint and several liability means that any
Q19: Partners always share profits and losses equally.
Q21: The desire for continuity of a business
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