Forms of business organizations that limit the liability of their owners are available to businesspersons around the world.Among the features that such firms have in common, in most nations
A)articles of organization must be filed to form the enterprise.
B)one of the owners must be a foreign entity.
C)the organization can have an unlimited number of owners.
D)the owners are not required to choose persons to manage the business.

Question

Quizplus · Accepted Answer

The requirement to file articles of organization is a common feature of limited liability business organizations around the world. This is the legal document that creates the business entity and outlines its operating structure and responsibilities.

B, C, and D are incorrect because they are not requirements for limited liability business organizations. There is no requirement for one of the owners to be a foreign entity, the organization can have a limited number of owners, and the owners have the option to choose persons to manage the business. These may vary depending on the specific laws and regulations of each country.

Forms of Business Organizations That Limit the Liability of Their