Examlex

Solved

Abigail Attorney Is a Sole Practitioner

question 20

Multiple Choice

Abigail Attorney is a sole practitioner. When she hires her first paralegal, she wants her law firm to reflect that 100% growth. She changes the name of the firm to Abigail Attorney & Associates and gets her paralegal business cards that designate the paralegal as "associate." Which of the following statements is true?


Definitions:

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.

Legal Rights

Legal rights are entitlements or permissions granted to individuals by law, protecting them and allowing certain actions or claims.

Incorporating

The process of legally forming a corporation, which is recognized as a separate legal entity from its owners.

Angel Investors

Wealthy individuals who provide capital for start-up businesses in exchange for ownership equity or convertible debt.

Related Questions