Jim Is Considering Forms of Business Organization, Including the Limited

question 61

Multiple Choice

Jim is considering forms of business organization, including the limited liability company (LLC) , for his business-Kettle Popt-Korn. Most states require that an LLC have​

• A) ​a corporate veil, but no minimum number of participants.
• B) ​at least one member.
• C) ​at least two members.
• D) ​at least one non-member manager.

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Definitions:

Standard Socket

A tool attachment designed to fit onto a wrench, allowing the wrench to tighten or loosen bolts and nuts of standard sizes.

Screw Pitch Gauge

A toothed template gauge used for measuring screw pitch or threads per inch (tpi).

Threads Per Inch

A measure of the thread density in fasteners, indicating how many threads are present within an inch length of the screw.

Thread Angle

Refers to the angle between the sides of the thread profile on a screw or threaded component, typically measured in degrees.