In the Legal Briefcase Box,"Virtual Companies

question 228

Multiple Choice

In the Legal Briefcase box,"Virtual Companies,"

• A)The box discusses the Vermont Teddy Bear Company and the difficulty the company experienced when transitioning from an S-Corporation to a C-Corporation.
• B)The box talks about a newly created LLC in Vermont called the Virtual Company,where all official filing is electronic,and members contribute their skills through electronic communication.
• C)The box discusses how the state of Vermont wants to attract business,yet refuses to permit the electronic submission of filing for any form of business ownership.
• D)The box talks about the Vermont maple syrup industry and how due to the fact that it is a seasonal business,it cannot exist virtually.The labor intensive business requires the expertise of experienced tree tappers.

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Definitions:

Conjunction

A grammatically correct construction used to assert that two statements are both true.

Logic of Statements

The study and application of the principles of valid inference and correct reasoning, especially as it applies to statements.

Valid Inferences

Reasonable conclusions or judgments drawn from evidence and reasoning rather than explicit statements.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.