minorities scored poorly and the city feared a disparate impact-based lawsuit. How did the court rule? An employer may not simply disregard a test based on wanted results unless the test is shown to be biased or deficient.Though they may elect a different structure, for tax purposes, LLCs are typically treated aspass-through entities.Han wants to start a personal training business. He should choose a sole proprietorship entity if he seeksthe ability to avoid management conflict.Because it is not a taxable entity, an LLPfiles an information tax return.With regard to taxation, LLPs are treated aspass-through entities.When an LLP is formed, who files the initial paperwork?A general partnership already in operation.Section 16 of the 1934 Act defines an insider as an officer, director, or shareholder who owns ________ or more of the company's total stock.10 percent Currently, LLPs are often used to protect family businesses as they provide a way to resolveissues regarding transition from one generation to another.Which of the following is not a part of the winding up process?Closing the partnership’s businessCorporate officers are Appointed or elected by the boardTypically, day-to-day decision making in a manager-managed LLC is performed by its managing members.
Under TARP provisions, Restrictions are imposed on bonuses of officers, but not not on their compensation.What is a proxy fight?It allows a group of shareholders or an investor or any group or individual to take over the board of directors and management of a company without buying a majority of the sharesWhich of the following is not a right of the shareholder of a corporation?Right to determine the mission of the corporation The origins of LLPs were rooted in protectProfessional service from firm partnershipsThe only legal remedy for is to bring a lawsuit against a borrower to try to recover the money loanedUnsecured creditors
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- Fall '09