Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

1. what are professional and (2) Subchapter S Corporations? 3. Define promoter in reference to a corporation. 4. What is the business judgment rule?

1. what are professional and (2) Subchapter S Corporations?

3. Define " promoter" in reference to a corporation.

4. What is the business judgment rule?

5. What is the fiduciary duty of officers ( duty of loyalty and duty of care). When an officer is self-dealing.

6. When is a promoter liable for its contracts before and after incorporation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley Eakins

6th Edition

0321374215, 9780321374219

More Books

Students also viewed these Finance questions

Question

★★★★★

As a money manager based in the Netherlands, you are asked to advise a domestic client about investing in foreign bonds to diversify domestic inflation risk. You fear that

Answered: 1 week ago

Question

★★★★★

Give an example of a for loop where symmetric bounds are more natural. Give an example of a for loop where asymmetric bounds are more natural.

Answered: 1 week ago

Question

★★★★★

a. What is the title of the position?

Answered: 1 week ago

Question

★★★★★

Assume that you are a consultant for Long Range Builders, a company that specializes in the mass production of wood trusses. The trusses are used in the building of houses throughout the United...

Answered: 1 week ago

Question

★★★★★

Changes in Current Operating Assets and Liabilities-Indirect Method Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $100,700 for changes in operating assets and...

Answered: 1 week ago

Question

★★★★★

Obtain expressions for (a) , (b) , (c) , (d) and (e) for an isothermal process, consider a gas whose (Clausius) equation of state is ( ) =

Answered: 1 week ago

Question

★★★★★

Dakota is an unmarried taxpayer with one dependent child, age 18, living in Dakota's home. Dakota does not itemize deductions and reports AGI of $40,200. The dependent child earned $16,400 from a...

Answered: 1 week ago

Question

★★★★★

Hi-Tek Manufacturing, Incorporated, makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek...

Answered: 1 week ago

Question

★★★★★

Question 14 (4 points) As we discussed, project procurement management can require the use of risk management tools tailored to procurement. Which of the following is not a risk management tool a...

Answered: 1 week ago

Question

★★★★★

Probability: Mathematics The metrics of Human Spirit High School can participate in Drama, Choir or Sport. There are 120 matrics, of whom . 65 participate in Drama, 57 participate in Sport and 13...

Answered: 1 week ago

Question

★★★★★

Application 3) (4 marks) Due to employee safety negligence at a nuclear waste facility, 2000 tons of a radioactive element is spilled into the nearby pond. The half-life of the radioactive element is...

Answered: 1 week ago

Question

★★★★★

Describe contextual influences on direct financial compensation.

Answered: 1 week ago

Question

★★★★★

Describe legally required benefits.

Answered: 1 week ago

Question

★★★★★

Discuss career development and career development methods.

Answered: 1 week ago

Previous Question Next Question