Author: Anonymous

For two years after a partner dissociates from a continuing partnership, the partnership may be bound by the acts of the dissociated partner.

A limited liability company can be taxed as a corporation.

A limited liability company can be taxed as a corporation.

In a manufacturing arrangement, a franchisor transmits to a franchisee the essential ingredients or formula to make a particular product.

A business that holds itself out as being a corporation may not be able to deny corporate status, even if it makes no attempt to incorporate.

Charlie, Dora, and Ethel are the first directors on the board of Face Time Corporation, a social media host. Subsequent directors are elected by a majority vote of Face Time’s

In a manufacturing arrangement, a franchisor transmits to a franchisee the essential ingredients or formula to make a particular product.

In certain instances of fraud, a court may “pierce the corporate veil” to hold the shareholders individually liable.

In certain instances of fraud, a court may “pierce the corporate veil” to hold the shareholders individually liable.

Foreign investors cannot participate in a limited liability company.