_, and for a 21. The document necessary to file to form an LLC is called...

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_, and for a 21. The document necessary to file to form an LLC is called Corporation its called a. Articles of Incorporation

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Answer 1

Answer #1

21. The document necessary to file to form an LLC is called--------------, and for a corporation it's called

b) Articles of organization, Articles of Incorporation

LLC refers to limited liability Company, in this owners are not personally liable for the company's liabilities or debts

22. A_______ distributes profits to its shareholders in the form of dividends.

c) Corporations

23.The ________ is the document which governs an LLC.

a) Operating agreement

This is the document which specifies the rights and duties of LLC members

24. The _____ is the document which govers a corporation.

b) By-Laws

By-Laws include the size of the board, the types of stock to be issued, information aout shareholders meetings etc

25. The ______ is the document which governs a partnership.

c) Partnership agreement

It includes all the partners details, also include how revenues will be treated and defines the rights and responsibilities of all partners.

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Answer 2

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