To Create a Limited Liability Company, Creators Must Produce

question 76

Multiple Choice

To create a limited liability company, creators must produce:

• A) a corporate charter
• B) a partnership agreement
• C) nothing; they are like sole proprietorships
• D) shares of stock
• E) none of the other choices

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Definitions:

Purchase Price

The amount paid to buy a product or service, which can include additional costs such as taxes, shipping, and handling.

Competitive Strategy

A plan that businesses use to gain an advantage over their rivals in the market, typically by differentiating their products or services, or offering lower prices.

Singularity

Singularity refers to a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization.