Divorce

question 37

Multiple Choice

Divorce:

• A) is less prevalent in the U.S. than in Europe.
• B) has always been more prevalent in the U.S. than in Europe.
• C) rates are rising in the U.S. but declining in Europe.
• D) rates are about the same in all industrialized nations.

---

Definitions:

Transferability

The ability of an asset to be transferred or made over from one party to another.

Close Corporation

A privately held company characterized by a small number of shareholders with no public market for its shares.

LLPs

Limited Liability Partnerships; a type of business structure where partners have limited personal liability for the business's debts and actions.

Tax Advantages

Financial benefits that reduce tax liability, often used by individuals and businesses to minimize taxes paid and maximize financial situations.