Coco Is Considering Forms of Business Organization for Her Concessions

question 4

Multiple Choice

Coco is considering forms of business organization for her concessions business-Coco's Cupcakes. Most states require that a limited liability company have

• A) no minimum number of members.
• B) at least one member.
• C) at least two members.
• D) at least three members, including at least one general partner.

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Definitions:

New Shares

Shares issued by a company for the first time to the public or existing shareholders as a means of raising capital.

Financial Manager

A professional responsible for managing a company's financial planning and operations, including investment decisions, capital structure, and day-to-day financial activities.

Publicly Traded

A term describing a company that has issued securities through an initial public offering and which are traded on at least one stock exchange.

Current Value

The present worth of an asset or investment, which can fluctuate over time due to market dynamics and conditions.