Answer these ASAP please

in a limibed iability company, all members have limited personal iability and in exchange for that imied persona iability they are not allowed to participate in the management of the business 2. For federal income tax purposes, a limited liablty company (LLC) s taxed as a general partnership therefore, members avoid the double taxation of profis as in a corporabion State approval is needed in order to form a sole proprietorship 23 A sole proprietorship is aseparate legal entity from the sole prognietor 24. If a person, operating a business as a sole proprietorship, owes money to business creditors, those crednors may collect only from the assets of the business or a valid with the Secretary of State in the state in which it is organized yang partnership to exist, there must be a written partnership in existence between the partners and ied . Unless otherwise agreed in a partnership agreement, each partner in a general partnership has a vote in management affairs only in proportion to his capital contribution to the parthership 27 Limited partnerships have all lmided partners 28. In a limited partnership, the partners can agree that all of the partners have limited liability 29 A limited partnership must have at least one general partner and one limited parther. 30. In a limited partnership, both the general partneris) and the Imited partner(s) have authority to bind the 31. In a LLC (a Limited Liability Company), all owners (members) have unlimited personal liability for all debts or 32. Most LLC's accept the default status of being taxed like a partnership instead of electing to be taxed as a 33. An LLC is required by law to have an operating agreement, but it does not have to be fled with any state 34. A corporation ceases to exist if a shareholder dies, becomes insane or goes bankrupt, and this is what is meant partnership consequences befaling the LLC just as general partners in a general partnership government agency existence 35, A corporation must be incorporated in each of the states in which they do most of their business 36. The Officers of a corporation are responsible for overseeing the board of directors of a corporation 37. Officers of a corporation are elected by the shareholders of the corporation since the shareholders are the owners of the corporation. ON 2: MULTIPLE CHOICE CHOOSE YOUR ANSWER BY CIRCLING YOUR ANSWER The major disadvantage of a sole proprietorship is a. The difficulty and cost of formation. b. The unlimited personal liability for the debts of the busines c. The sharing of manacement authority with others