What are the restrictions on the kind of business for LLC?
What will be an ideal response?
Answer: California prohibits formation of banking, insurance and other special businesses. Licensed professionals cannot form LLC (lawyers & accountants can form RLLP instead)
Business
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Keogh plans are special plans designed for corporations employing 100 or more employees.
a. true b. false
Business
Sears and Holiday Inn encountered difficult times because they did not stand out as the lowest in cost, highest in perceived value, or best in service of their primary target market segment. Both companies are ________
A) niches B) jack-of-all-trades C) middle-of the roaders D) red oceans E) laggards
Business