Many new business owners prefer a limited liability structure because there are ________
A) fewer corporate formalities
B) fewer lawsuits
C) typically higher profits than other forms of ownership
D) more informal agreements
E) limits on the number of members
A
Explanation: A) Although the limited liability structure involves more formal paperwork than a sole proprietorship or partnership, it is still a far simpler structure than a corporation and thus easier for new business owners to navigate.
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Acme Life Insurance Co is in the business of selling life insurance and related products. It is
also a corporation. Acme is considering taking several possible actions. Which of these actions would be subject to the registration requirements of the 1933 Securities Act? A) Acme reorganizes itself, and exchanges one class of common stock for another class B) Acme issues a life insurance contract C) Acme splits its common stock two for one D) Acme issues new preferred stock
All the process specifications are consolidated and included in the specification packet given to the computer programmer
Indicate whether the statement is true or false