A type of business organization combining some aspects of a partnership and a corporation is an LLC.
Correct Answer:
Verified
Q25: A limited liability partnership can be established
Q26: Partners can transfer their interest in the
Q27: At the conclusion of the transitional period,
Q28: A corporation that is established in strict
Q29: A corporation's advantage is single taxation.
Q31: Members of an LLC are liable for
Q32: Like partners, joint venturers have unlimited liability.
Q33: Joint venturers combine their labor or property
Q34: Generally, fast-food chain restaurants use the franchise
Q35: A person or business to whom a
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