A ____ is a business entity in which the shareholders are members of the same profession, purchase the corporation's stock, own the firm, share in the profits and losses of the firm in proportion to the number of shares they own, and have limited personal liability.
A. sole proprietorship
B. partnership
C. professional corporation
D. business corporation
Answer: C
Legal Studies & Paralegal
You might also like to view...
Lexis Advance is free to anyone on the Internet
Indicate whether the statement is true or false
Legal Studies & Paralegal
?In remjurisdiction means
A. ?"jurisdiction over the thing." B. ?"jurisdiction in law." C. ?"to speak the law." D. ?"jurisdiction of subject."
Legal Studies & Paralegal
Which of the following would not be community property?
A. Property acquired by husband and wife during marriage B. Property acquired by husband during marriage C. Property received by wife through inheritance D. None of the above
Legal Studies & Paralegal
A useful technique of __________ listening is to repeat back a portion of what the client has told you.
Fill in the blank(s) with the appropriate word(s).
Legal Studies & Paralegal