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:

Monomer Units

Small molecules that can be bonded together to form polymers.

Cationic Polymerization

A type of polymerization where a cationic initiator transfers charge to a monomer causing it to become reactive and link to other monomers.

Poly(acrylonitrile)

A synthetic polymer made by polymerizing acrylonitrile, used in the production of fibers, plastics, and rubbers due to its strength and thermal stability.

Poly (vinyl Acetate)

A polymer made by polymerizing vinyl acetate, used in adhesives, paints, and various coatings.