Which of the following is true in regards to a Limited Liability Company?
A) It is organized as a corporation.
B) It can elect to be taxed as a partnership.
C) Provides tax and liability advantages to the owners.
D) All are correct.
D
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A product is a good, service, or idea with both tangible and intangible attributes that collectively create value for a buyer or user
Indicate whether the statement is true or false
European car manufacturers like Mercedes-Benz, Volkswagen etc . faced stiff competition from
cheaper, more reliable cars made by Japanese and Korean car-makers. Which of the following would best help the European manufacturers maintain their market share? A) locating alternatives for their raw materials B) demonstrating the superiority of the technology used in their products C) introducing new kinds of products and services D) showing that their cars are essential to successful operation
Grandpa owns a farm. In a signed writing, Grandpa gave Sue the irrevocable right to use a road on his farm so that Sue could more easily reach her own property. What kind of interest in land did Grandpa give to Sue?
a. Easement appurtenant b. Easement by implication c. Reserved easement d. Easement by prescription
The preliminary version of a prospectus, called a "red herring," may not be released to the public until approved by the SEC
a. True b. False Indicate whether the statement is true or false