Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his

Fantastic news! We've Found the answer you've been seeking!

Question:

Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki. Paxton runs a corporation that makes sails and wants to make his investment in the name of his company, Quick Sails Inc. Daiki, a French citizen living in Tahiti, wants to invest under his personal name. Which of the following statements is true?

	a.	Only Paxton can invest, not Daiki.
	b.	Only Daiki can invest, not Paxton.
	c.	Both Paxton and Daiki can invest.
	d.	Neither Paxton nor Daiki can invest.

Posted Date: Jun 21, 2024 09:09 AM

See More Questions

The following information relates to a manufacturing company for next period: Using the absorption costing the profit for next period has been calculated as 36000. What would the profit for next...
Cates Computing Systems develops and markets commercial software for personal computers and workstations. Three situations involving compensation for possible future absences of Cates's employees are...
Transcribed image text : Question 4 (17.5 marks) Blue Company's accountant Bella has prepared the below forecasted credit sales for the quarter July to September. 50% of credit sales will be...
An Auto Parts store buys an air filter from a supplier at $ \$ 20 $ each. The store sells 1400 units of this filter in a year. The cost to the store of preparing an order for this filter and receivi
Identify the type of error Connell is at risk of committing and its associated cost for each alternative. Justify your selection. Connell asks the adviser about the conditions under which any form of...
The following apply to difference estimation variables sampling. Choose the best response. a. The auditors failure to recognize an error in an amount or an error in an internal control...
The specifications for a fixed-assets program include the following paragraph. Straight-line depreciation is to be charged on fixed assets at the following rates: If the fixed asset is located in...
Video games have been used for pain management by doctors and therapists who believe that the attention required to play a video game can distract the player and thereby decrease the sensation of...
The following transactions apply to Comfort Mattress Sales for 2011: 1. The business was started when the company received $\$ 30,000$ from the issue of common stock. 2. Purchased mattress...
Consider a perfect classical gas. Each gas particle has two single particle states, and 2 with energies & and 2. The gas is filled into a porous container, and the container is then put into a...

Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his

Question:

Expert Answer:

Students also viewed these law questions