Which of the Following Forms of Organization Is Most Easily

question 91

Multiple Choice

Which of the following forms of organization is most easily formed at minimal costs?

• A) Limited partnership
• B) Partnership
• C) Corporation
• D) S corporation
• E) Limited liability company

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Definitions:

Federal Legislation

Laws enacted by the national government of a federal country, such as the United States, that apply to all states and citizens within that country.

Special State Convention

A gathering convened for a specific purpose, such as drafting or amending a state constitution, or addressing particular state issues.

John C. Calhoun

An American statesman from South Carolina who served as Vice President and was a prominent figure in advocating for states' rights and defending slavery.

Dred Scott Decision

The Dred Scott Decision was a controversial 1857 Supreme Court ruling that declared African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court, exacerbating pre-Civil War tensions.