Which, if any, of the following statements is (are) correct? 1. In order to form...
60.1K
Verified Solution
Link Copied!
Question
Finance
Which, if any, of the following statements is (are) correct?
1. In order to form a partnership, there must be two individuals.
2. In order to form an LLC, there must be two individuals.
Select one:
a. 1 only.
b. 2 only.
c. Both 1 and 2.
d. Neither 1 nor 2.
Question 18
Not yet answered
Points out of 1.00
Flag question
Question text
Which of the following persons, if any, is (are) not a party to a trust?
1. Trustee
2. Beneficiary
Select one:
a. 1 only.
b. 2 only.
c. Both 1 and 2.
d. Neither 1 nor 2.
Question 19
Not yet answered
Points out of 1.00
Flag question
Question text
A minority non-employee shareholder in an S corporation:
1. Receives compensation when the corporation declares a dividend.
2. Votes for the Board of Directors at the annual shareholders meeting.
3. Receives a K-1 annually in order to prepare a personal income tax return.
4. Reports on a personal income tax return a pro-rata share of corporate profits or losses.
Select one:
a. 1 and 3.
b. 2 and 4.
c. 1, 2, and 3.
d. 1, 2, 3, and 4.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.