A Limited Liability Company Can Be Created Informally

question 106

True/False

A limited liability company can be created informally.

---

Definitions:

Package Carrier

A company or service that specializes in the delivery of parcels and documents from one location to another.

Drop-Shipping

A product fulfillment strategy in retail where the store doesn't maintain an inventory of the items it sells. Rather, upon selling a product, the store orders it from a third party and arranges for it to be delivered straight to the buyer.

Manufacturer Storage

A logistics strategy where the manufacturer holds stock, typically in a warehouse, until it is ordered by retailers or customers.

Last Mile Delivery

The final step of the delivery process from a distribution center or facility to the end customer's destination, often seen as key to customer satisfaction and efficiency in logistics.