A,B,and C are three lawyers who want to start a construction business.Each has enough capital to invest in the business to avoid borrowing money from the bank,and all of them want to limit their liability as much as possible while having a role in the management and operation of the business.In this case,they can protect themselves by
A) setting up a limited partnership.
B) setting up a joint venture.
C) setting up a partnership.
D) setting up a limited liability partnership.
E) incorporating a company.
Correct Answer:
Verified
Q1: In comparison with a partnership,which of the
Q2: Megacorp Ltd.is a large private Ontario construction
Q3: The doctrine of ultra vires,as applied to
Q4: Regarding corporations,which statement follows the principle of
Q6: Associated corporations constitute a statutory limitation on
Q7: Until the nineteenth century,all corporations were created
Q8: John and George wish to incorporate their
Q9: Six years ago,Michael incorporated his small business
Q10: John,who has a reputation for dishonesty,recently incorporated
Q11: Which of the following is included in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents