Outline the steps necessary for a partnership to become a Limited Liability Partnership (LLP).
What will be an ideal response?
For a partnership to become a Limited Liability Partnership (LLP), there first must be an affirmative vote to choose LLP status by the number of partners that is necessary to amend the partnership agreement. The partnership must then file a "statement of qualification" with the secretary of state that includes the name of the LLP, the address of the partnership's principal office, and a statement that the partnership elects to become a limited liability partnership. Some states refer to the document as "articles of limited liability partnership."
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The following writers typically use examples often:
a. professional writers b. non-professional writers c. both of the above d. none of the above
Corporations may buy back their own stock for any of the following reasons except to:
A. Have shares available for employee compensation. B. Avoid a take-over. C. Have shares available for a merger or acquisition. D. Allow management to assume the voting rights. E. Maintain market value for the company stock.
Social-exchange rules help explain why we become upset when
A) friends earn a higher income than we do. B) we are pressured into relocation for the company. C) a coworker treats us rudely. D) our boss is younger than we are. c
The view that deregulation or repeal of the NLRA is necessary for free market forces to work efficiently is rooted in ________.
What will be an ideal response?