How does a Subchapter S corporation differ from a limited liability company? In what ways are they similar?
What will be an ideal response?
A Subchapter S corporation and a limited liability company share some common characteristics. Both are formed under state laws, and present tax advantages to the owners of the business organization. The manner in which each is formed and operated differs, and the LLC presents a simpler means of achieving the limited liability and tax advantages.
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In older condominium projects, ownership of the common areas by the individual unit owners may be:
a. As joint tenants with the right of survivorship b. As tenants in common c. As tenants by the entirety d. All of the above
?A ______________ is a specific statement that sets out what is or is not acceptable.
A. ?policy B. ?policy and procedure C. ?staff manual D. ?procedure E. ?none of the above
An attorney may object if an answer to a question has nothing to do with the original question
a. True b. False
______ can involve almost any method of destroying evidence
Fill in the blank(s) with correct word