Multiple Choice
Gabriella is a beneficiary of a business trust.As a beneficiary,she is required to
A) distribute the trust's profits.
B) assume responsibility for the trust's debts.
C) draft a written trust agreement.
D) none of the choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: Limited personal liability obviates the need to
Q25: Lauren,Marcella,and Norell form a syndicate to buy
Q27: A member of a limited liability company
Q28: StartUp Investors,LLC,is a limited liability company without
Q30: A limited liability company can be taxed
Q31: The law considers all new,single-owner businesses to
Q32: Nichelle,Owen,and Porter organize a nonprofit business-Quality Markets,Inc.-to
Q33: Location! Realty,LLC,is a limited liability company.Like other
Q52: Limited liability companies are entities apart from
Q64: Unless a limited liability company indicates otherwise,