Answer the following statement(s) true (T) or false (F)
1. A limited liability company is owned by its members who are not personally liable for the debts of the LLC.
2. The members can elect one or more of themselves to manage the affairs of the LLC, or may appoint an outside manager.
3. A corporation must file a certificate of incorporation and appointment of an agent for service of process.
4. Corporations are known as domestic corporations in the state in which they are formed, and as foreign corporations in other states.
5. Subchapter S avoids double taxation and income is passed through the corporation and only taxed at the individual level.
1. True
2. True
3. True
4. True
5. True
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The two broad categories of litigated disputes are _____________ disputes and _______________ disputes.
Fill in the blank(s) with the appropriate word(s).
When creating a PowerPoint presentation, you should:
a. Use the "four-by-four rule" b. Use as many technical legal terms as possible c. Have at least 10 lines of text on each slide d. Write in complete paragraphs
Why is the quantity of documents increasing in litigation?
What will be an ideal response?
Many businesses in California use the mark "BEACH" in their marks. Discuss whether you think the mark BEACH BUNGALOW is likely to be confused with BEACH RESORT if both marks are used for hotel services in southern California.?
What will be an ideal response?