With regard to limited-liability companies, which of the following statements is false?
A. Many experts believe that an LLC is nothing more than an S-corporation.
B. An LLC can have no more than 100 stockholders.
C. An LLC avoids double taxation.
D. An LLC provides limited-liability protection to the personal assets of the owners.
E. When compared to regular corporations, there are fewer government regulations that apply to LLCs.
Answer: B
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According to the VALS segmentation system, ________ are successful, sophisticated, active, "take-charge" people with high self-esteem. Their purchases often reflect cultivated tastes for relatively upscale, niche-oriented products and services
A) innovators B) thinkers C) achievers D) experiencers E) believers
In the vertical structure of a firm, authority is the
A. influence a manager has over his or her subordinates' personal life. B. ability of managers to avoid accountability for their subordinates' actions. C. unconditional power of managers to discriminate against their subordinates based on race, ethnicity, or gender. D. legitimate right of a manager to make decisions and to tell other people what to do. E. power of subordinates to reject the work responsibility delegated to them without any reason.
Distinguish between a member-managed and a manager-managed LLC (limited liability company). Mention the exceptional actions that cannot be delegated to managers
What will be an ideal response?
In partnerships, partners can readily transfer their wealth to other partners
Indicate whether the statement is true or false