A(n)________ Does NOT Require Any Permission from the State to Be

question 79

Multiple Choice

A(n) ________ does NOT require any permission from the state to be set up.

• A) LLC
• B) partnership
• C) S Corporation
• D) C Corporation

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.

Enforceable

A description of a legal agreement or contract that can be upheld or compelled by law.

Certificated Security

A security that is represented in physical, paper form rather than in electronic or digital form.