To form an LLC,both a charter and an operating agreement must be filed with the secretary of state in the jurisdiction where the business will operate.
Correct Answer:
Verified
Q11: The most common form of business ownership
Q12: A limited liability company,unlike an S corporation,can
Q13: Corporations have a distinct advantage over other
Q14: Franchise fees can be costly,but they are
Q15: Limited liability is a major advantage of
Q17: If partners wish to maintain having protection
Q18: Which of the following statements regarding social
Q19: The Federal Trade Commission requires franchisors to
A)give
Q20: To be a close corporation,the business must
Q21: The term "S Corporation" comes from
A)the Internal
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