Examlex
Pym and Pike is a law firm that is considering forming an LLP.Which of the following statements correctly describes the key advantage to Pym and Pike's partners of forming an LLP?
Share Transferability
The ease with which shares of a company can be transferred or sold from one party to another.
Paid-In Capital in Excess of Par
The amount of capital received from investors for stock, above its par value, also known as additional paid-in capital.
Preferred Stock
A type of stock that gives holders priority over common stockholders in terms of dividend payments and claims on assets in the event of liquidation.
Stock Dividend
A form of dividend payment made by a company to its shareholders in the form of additional shares, rather than cash.
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