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9) LLPs are formed with the filing of ________ with the proper public official.A) articles of organizationB) a statement of qualificationC) a certificate of formation: LLPD) a record of business creation
10) The amount and methods of capitalizing an LLC are often controlled by the11) Liana and Tara are operating a business as a general partnership without an express partnership agreement. Should a dispute arise, the courts will look to ________ to resolve the issue regarding operation of the partnership.12) Under the emergency escrow provisions created by the Sarbanes-Oxley Act13) Currently, LLPs are often used to protect family businesses as they provide a way to resolveA) capitalization disputes.B) issues regarding transition from one generation to another.C) issues of family fiduciary duties and rights to represent and bind the business.D) management disputes.14) Brayden is a general partner in a four-member limited partnership with two general and two limited partners. The partnership is silent with regard to the duration of the partnership, and Brayden wishes to retire.