Business Law Today Comprehensive Study Set 1
Quiz 33: Limited Liability Companies Special Business Forms
Greta Is a Member of Hovercraft Llc
Greta is a member of Hovercraft LLC.As a member,Greta is A)a manager or officer,but not an owner. B)an investor,but not a manager,officer,or owner. C)an owner. D)a participant,but not an investor,manager,officer,or owner.
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Dani is considering forms of business organization for her financial advisory firm.Like most states,Dani's state requires that to form a limited liability company,she must file with a central state agency A)articles of certification. B)articles of formation. C)articles of organization. D)no specific documents.
Location! Realty LLC is a limited liability company.Like other LLCs,for federal jurisdictional purposes,Location! Realty is most likely a citizen of A)all states. B)every state in which its members are citizens. C)no state. D)only the state in which it was formed.
Mit-E Mart LLC was formed in New Jersey.Mit-E Mart's members are Odel,who is a citizen of New Jersey,and Pola,who is a citizen of New York.For federal diversity jurisdictional purposes,Mit-E is a citizen of A)all states. B)New Jersey and New York. C)New Jersey only. D)no state.
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