Multiple Choice
Jim is considering forms of business organization, including the limited liability company (LLC) , for his business-Kettle Popt-Korn. Most states require that an LLC have
A) a corporate veil, but no minimum number of participants.
B) at least one member.
C) at least two members.
D) at least one non-member manager.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: Kim and Lyle are partners in K&L
Q56: Fact Pattern 18-1<br>Bryn, Cornell, and Duke are
Q57: A limited liability company can be taxed
Q58: Ed, a partner in Farm Equipment Sales,
Q59: Most states treat a partnership as an
Q60: A partner may pursue his or her
Q62: Rosa is a partner in Silver Dragon,
Q63: A sole proprietorship offers less flexibility than
Q64: Quisa and Reilly are partners in Sport
Q66: Sara and Terry agree while talking on