To avoid becoming liable for corporate actions,officers should ensure that they hold annual meetings,keep minutes of those meetings,make sure the board of directors makes all decisions,etc.
Correct Answer:
Verified
Q96: One of the advantages of a sole
Q97: There is no legal limit to the
Q98: Each partner is an agent for the
Q99: The sole proprietorship has the least ability
Q100: Perhaps the most important feature of a
Q102: Owners/founders can be minority stockholders in a
Q103: It is relatively easy and inexpensive to
Q104: A partner cannot legally bind the other
Q105: A "limited liability company" is legally treated
Q106: Ownership of a corporation can easily be
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