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In the Legal Briefcase Box,"Virtual Companies

Question 228

Multiple Choice

In the Legal Briefcase box,"Virtual Companies,"


A) The box discusses the Vermont Teddy Bear Company and the difficulty the company experienced when transitioning from an S-Corporation to a C-Corporation.
B) The box talks about a newly created LLC in Vermont called the Virtual Company,where all official filing is electronic,and members contribute their skills through electronic communication.
C) The box discusses how the state of Vermont wants to attract business,yet refuses to permit the electronic submission of filing for any form of business ownership.
D) The box talks about the Vermont maple syrup industry and how due to the fact that it is a seasonal business,it cannot exist virtually.The labor intensive business requires the expertise of experienced tree tappers.

Correct Answer:

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