Examlex
Instructions: In each set below, select the letter of the sentence in which all the apostrophes are used correctly. In which sentence are apostrophes used correctly?
Franchise Taxes
Taxes levied on businesses for the privilege of operating as a corporation or LLC within a particular state.
Registered Agent
A person or company designated to receive official legal and tax documents on behalf of a business entity.
Surviving Corporation
The corporation that remains after a merger, having absorbed another corporation and retained its rights, privileges, and liabilities.
Total Assets
The sum of all current and non-current assets owned by an individual or company, reflecting the total resources or value that the entity controls.
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