A Single-Member LLC Is Automatically Considered to Be

question 3

Multiple Choice

A single-member LLC is automatically considered to be:

• A)Corporation.
• B)Limited Partnership.
• C)Limited Liability Limited Partnership.
• D)Sole proprietorship.

Understand the legal framework surrounding digital copyright, trademark infringement, and dilution in the context of the internet.

Comprehend the principles of the Digital Millennium Copyright Act and its impact on digital piracy and copyright infringement.

Recognize the concept and legal consequences of cybersquatting and typosquatting.

Understand how licenses work in the context of digital content and software.

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its par value.

Straight-Line Amortization

A method of calculating equal amortization payments over an asset's useful life or a loan's term.

Interest Expense

The cost incurred by an entity for borrowed funds; this expense is reported on the income statement during the period in which the borrowing occurs.