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The most numerous legal form of business organizations are
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
A partner who invests more capital, brings in more business, or works longer and harder than his or her associates is entitled to
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
Which of the following statements regarding a corporation is untrue?
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
In a limited partnership
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
The normal sequence of steps in ending a partnership is
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
A corporation doing business in one state but chartered in another state is called
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
Tess, Constance, and Jessica want to establish a partnership for their law firm expressed purpose to provide legal advice. Each partner has agreed to assume full personal responsibility for all debts. This is known as a
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
Rights within a partnership requires
a foreign corporation
no extra compensation unless all partners agree
sole proprietorships
dissolution, winding-up period, termination
both of these
general partnership
They can attract large sums of capital due to increased investor liability
all of these
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