Which type of business structure requires that all shareholders be licensed? Question 1 options: a) Professional corporation b) S corporation c) Limited liability corporation d) C corporation

Q: Characteristics of a corporation include

A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…

Q: Define Limited liability company.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: llowing categories of owners have unlimited liability? Select one: a.    both A and B b.    sole…

A: Introduction : In simple words, the concept of unlimited liability refers to the situation under…

Q: permitted Salalah Methanol Co. is a to engage in any lawful, for profit business or activity other…

A: Sole proprietorship refers to a form of business organization that is owned, managed, and controlled…

Q: Which business organization has the most legal formality requirements? a. Corporation b. Partnership…

A: A corporation is funded by many owners (shareholders) and to keep their money safe, corporations…

Q: what are the advantages of an LLC versus operating as a C Corporation, and  S Corporation

A: A limited liability Company (LLC) is a business structure for private companies in the US. It…

Q: Identify the business entity form that does not provide limited liability for its owners. a. limited…

A: A sole proprietorship, a corporation, or a person may own and manage a sole proprietor in the same…

Q: Characteristics of a corporation include a.shareholders who are mutual agents b.direct management by…

A: Shareholders are considered as the owner of the corporation but their liability are limited to the…

Q: 4. All incorporators are subscribers, but a subscriber need not be an incorporator. 5. A partnership…

A: 4. First of all we need to understand the meaning of incorporators, incorporators are the person who…

Q: Explain Limited Liability Companies?

A: INTRODUCTION:- A limited liability company (LLC) is a business structure for private companies in…

Q: any (LLC)? A. Complex

A: To explain the feature of LLC as,

Q: What is limited liability corporation (LLC)?

A: A corporation is an entity which is distinct from its owners. A corporation acts as a legal person.…

Q: Owners in which of the following forms of business have unlimited liability?   a. sole…

A: Business entity: A business organization which is created by one or more persons and governed by…

Q: True or false, why. 1. Shareholders can transact business on behalf of the corporation.

A: Shareholders Shareholders is treated as the business owners of the entity which has the power of…

Q: Which among the following form of business organization can issue shares to the general public? a.…

A: There are different forms of business organisation that are: Sole Proprietorship Partnership…

Q: Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts…

A: Corporation has separate legal entity. This means the corporation is separate from its owners. Thus,…

Q: What are the main advantages of (a) proprietorships, (b) partnerships, and (c) limited liability…

A: Proprietorship is a form of business where a single person runs & owns the business. He has…

Q: Which of the following characteristics of a corporation limits a stockholder's loss to the amount of…

A: The question is asking about the characteristic of a corporation that protects a stockholder from…

Q: Which business entity could O A. a sole proprietorship O B. a partnership O C. a limited liability…

A: When a group of people with a shared objective form a corporation, it is known as a corporation.…

Q: Establish the required qualifications to become an S versus a C corporation.

A: To establish the required qualifications for becoming an S corporation (S corp) or a C corporation…

Q: Of the following forms of business organization, which have stockholders with limited liability? a)…

A: SOLUTION-   A CORPORATION IS AN INCORPORATED ENTITY DESIGNED TO LIMIT THE LIABILITY OF ITS OWNERS…

Q: Which of the following statements is true in relation to a limited liability company? A A limited…

A: We have the following question: Which of the following statements is true in relation to a limited…

Q: Which of the following is a characteristic of a corporation?a. No income taxb. Limited liability of…

A: Corporation: It can be defined as a legal organization or an entity that is completely different…

Q: Which of the following are limited liability entities? A. General partnership B. General liability…

A: LLC is limited liability company which is combinations is typically hybrid type of corporation which…

Q: Who is liable for a corporation's debts and obligations? OA. the limited partners OB. the general…

A: Limited liability in the context of a corporation refers to the legal protection that shields the…

Q: Explain the difference between an S corporation and a limited- liability company.

A: Introduction: A limited liability company is a corporate group that has a business or entity with a…

Q: Which type of business has ownership interests that cannot be transferred to other parties without…

A: In both corporation and limited liability companies the ownership interest cannot be transferred to…