Which of the following forms of organization requires no formal documentation but only business licenses for formation?
A) Limited partnership
B) Corporation
C) Limited liability company
D) Sole proprietorship
E) S corporation
Correct Answer:
Verified
Q17: All partners in a general partnership have
Q17: One of the advantages for a proprietor
Q18: A sole proprietorship is not taxed as
Q19: A dissolution is any change in the
Q21: In a limited liability company, members act
Q23: A limited partner, even if he/she participates
Q24: "Creation" means:
A) the legal steps required to
Q25: Which of the following organizations is equally
Q26: Criminal prosecutions for corporate wrongdoing are rising,
Q27: A limited partner may assign his/her interest
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