Author: Anonymous

A partner may pursue his or her own interests so long as his or her actions do not violate the duty of loyalty or care to the partnership.

Courts can never “pierce the corporate veil” of a limited liability company to expose shareholders to personal liability.

The death of a limited partner dissolves a limited partnership.

Ford is the sole proprietor of Go, a game app subscription service. As a sole proprietor, on the business’s profits, Ford pays

The federal government regulates franchising in part through the Franchise Rule.

The initial board of directors of a corporation is normally elected at the first annual shareholders’ meeting by a majority vote of the shareholders.

The death of a limited partner dissolves a limited partnership.

Champions Corporation licenses the trademarks to its products to Direct Marketing, Inc., to reproduce on caps, sweatshirts, and similar goods for sale. This is

One factor that frequently causes the courts to pierce the corporate veil is that a corporation was set up never to make a profit.

The federal government regulates franchising in part through the Franchise Rule.