Reference no: EM133262156
1. If a corporation has fewer than fifty (50) shareholders, the Revised Model Business Corporation Act (RMBCA) allows companies to _____.
A. have as few as three (3) corporate directors
B. have as few as five (5) corporate directors
C. have as few as seven (7) corporate directors
D. eliminate the board of directors altogether
E. choose not to file articles of incorporation
2. In a hostile takeover, what does the term "going private" reference?
A. The non-disclosure of information related to the corporate takeover
B. A confiscatory taking
C. A poison pill
D. An initial public offering
E. A leveraged buyout
3. Nails. Mona and her friends Jack and Bobby, all United States citizens, want to open a nail salon in Tennessee. They would all like to avoid personal liability for debts of the business and for wrongful acts of each other. They would also like to avoid taxation as much as possible. Mona is in favor of a corporation and asks if there is any problem with that form of business. Jack and Bobby say that they want to receive profit distributions and that they are concerned about excessive taxation with a corporation. Jack and Bobby urged the formation of a partnership even in the face of personal liability. Mona did some research and suggested an S corporation to Jack and Bobby. Would the proposed business qualify as an S corporation if it were incorporated in Delaware?
A. Yes, if only a single class of shares is issued.
B. Yes, if more than a single class of shares is issued.
C. No, because a business must operate as a regular corporation for at least two years before converting to an S corporation.
D. No, because a business must operate as a partnership for at least two years before converting to an S corporation and because it must be incorporated under the state law of the location of the principal place of business.
E. No, because there must be at least 100 shareholders involved.
|
How effective is conclusion
: ENG 101 Orange County Community College, How effective is this conclusion? Explain - Jefferson begins the last paragraph of the Declaration of Independence
|
|
Long-term motivator for employees
: Is money, paying employees more $$, the best long-term motivator for employees, or are there other, better things manager can do to provide long-term motivation
|
|
Describe the purpose of an acceptable use policy
: Describe the purpose of an acceptable use policy you have selected and explain how the AUP helps provide confidentiality
|
|
Analyses of the articles to make judgments
: ENGLISH 101 University of Massachusetts, analyses of the articles to make judgments about the relationship between them and of their rhetorical similarities
|
|
Revised model business corporation act
: If a corporation has fewer than fifty (50) shareholders, the Revised Model Business Corporation Act (RMBCA) allows companies to _____.
|
|
Exploration of the life and work of a british writer
: exploration of the life and work of a British writer, such as George Orwell or Doris Lessing, who spent many years living abroad
|
|
Discussion focuses on the patient psychological
: This week's discussion focuses on the patient's psychological, emotional, and spiritual needs. It is equally, if not more, important for nurses to care for them
|
|
What were cato''s arguments, how does cato the author best
: What were Cato's arguments, how does Cato the author best develops his argument and why was it relevant to the people back then?
|
|
Can something approximating a hierarchical file system
: A simple operating system supports only a single directory but allows it to have arbitrarily many files with arbitrarily long file names.
|