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Cumulative voting refers to the accumulation of proposals presented annually for a shareholders’ vote.

Any business—except a sole proprietorship—must comply with business registration and licensing requirements.

A sole proprietor does not own the entire business.

Custom Auto, LLC, is a limited liability company. Its members include Dennis and Emma. Like other LLCs with more than one member, unless indicated otherwise, the firm will automatically be taxed as

Wiley incorporates his business as Wiley’s Wire Inc. in Arizona. He and his group of shareholders intend to make a profit from their sales of fencing wire. Wiley’s is

Most states apply to a limited liability company (LLC) formed in another state the law of the state where the LLC currently does business.​

Cumulative voting refers to the accumulation of proposals presented annually for a shareholders’ vote.

Any business—except a sole proprietorship—must comply with business registration and licensing requirements.

Wiley incorporates his business as Wiley’s Wire Inc. in Arizona. He and his group of shareholders intend to make a profit from their sales of fencing wire. Wiley’s is

Most states apply to a limited liability company (LLC) formed in another state the law of the state where the LLC currently does business.​