Which of the Following May Be Used as Acquisition Vehicles

question 38

Multiple Choice

Which of the following may be used as acquisition vehicles?

• A) Partnership
• B) Limited liability corporation
• C) Corporate shell
• D) ESOP
• E) All of the above

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Definitions:

Limited Liability Partnership

A partnership structure where partners' personal liability for business debts is limited to the amount they invest in the business.

Liability

The state of being legally responsible for something, typically by law or financial obligation.

Limited Partner

An investor in a partnership who is not directly involved in the day-to-day operations and whose liability is limited to the amount invested in the partnership.

Vicarious Liability

The legal responsibility of one party for the actions of another, typically in employer-employee relationships.