law 9 - entities Limited partners are not allowed to: D)...

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A corporation is created by the issuance of a charter upon the application of people known as _______________. A) incorporators The _______________ are charged with the responsibility of running the daily operations of the corporations. C) officers Minority shareholders may bring a suit on behalf of the corporation known as a ________ suit. D) derivative In which business organization are the owners called members? A) limited liability companies The corporate entity may be disregarded if it is being misused by piercing the corporate __. D) veil Which of the following is considered a nontaxable entity? A) a partnership B) an S corporation C) a limited liability company D) all of the above are nontaxable
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Unformatted text preview: entities Limited partners are not allowed to: D) participate in partnership management decisions Josh works as a driver for United Federal Parcel Express Service (UFPES) and has regularly done pickups and deliveries at the Ginger Corporation for eight months. He is fired but Ginger Corporation is not notified. If Josh shows up the following day, in uniform, and picks up and then destroys the merchandise, UFPES is: B) liable for Josh's acts based on apparent authority The formal application for a corporate charter is called a/an _______________. C) articles of incorporation A corporation may be a partner in a partnership. A) True...
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law 9 - entities Limited partners are not allowed to: D)...

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