LEG 100 Week 8 Quiz | Assignment Help | Strayer University

LEG 100 Week 8 Quiz | Assignment Help | Strayer University

Course

Business Law I

Week 8 Quiz 1

·        


Question 1

A social enterprise must do all of the following EXCEPT

·         Question 2

All of the following are characteristics of a closely held corporation EXCEPT

·         Question 3

An organization that does not pay income tax on its profits but passes it through to its owners who pay the tax at their individual rates is called a

·         Question 4

In many ways, a limited liability company can be thought of as a cross between

·         Question 5

Most franchisors and franchisees are

·         Question 6

If partners wish to maintain having protection against personal liability, it is essential to comply with all the technicalities of a limited liability partnership statute.

 

·         Question 7

Which is an advantage of a sole proprietorship?

·         Question 8

A court may pierce an LLC's veil if 

 

·         Question 9

To be a close corporation, the business must be small, with no more than 20 owners, trade its stock publicly, and have no more than $500,000 in gross annual income.

 

·         Question 10

 

The term "S Corporation" comes from

 

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