Answered step by step
Verified Expert Solution
Question
1 Approved Answer
All the questions are True or False problem ! plz help me out ! you can solve what you can see in the picture !!
All the questions are True or False problem ! plz help me out ! you can solve what you can see in the picture !!
An LLC may have one or more All members. 2. LLC members must be US citizens. 3. Estates may own shares in an S corporation. 4. Trusts cannot be members of an LLC. Trust may not own shares in an S corporation. A non-resident alien may own shares in an S corporation. The corporation's articles of incorporation must include its bylaws. The corporate veil is likely to be pierced and the shareholders held personally lable is an ultra vires act has been committed. A corporation's board of directors may sell all of the assets of the corporation without stockholder's approval 10. A corporation's board of directors may amend the articles of incorporation without stockholder approval A s corporation may have up to 50 shareholders. 12. Common stockholders always have the right to vote. 13. cumulative preferred stockholder's receive the same rate of dividends as common stockholders receive. An S corporation may not have voting preferred stock T 15. S corporation cannot be a subsidiary of a C corporation. An 16, A shareholder may contribute services for stock in an S Corporation. A corporation's articles ofincorporation must include the number of authorized shares 18. A corporation's initial bylaws are adopted by the incorporators or the board of directoStep 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