Mick, a feline fanatic, approaches you about his desire to engage in a small cat walking business venture in Maryland. Mick will own the business by himself. He seeks to avoid formality and is seriously creeped out by entity level taxation (which he seeks to avoid). Which of the following entities would you recommend that Mick use? A. S Corporation B. C Corporation C. Sole Proprietorship D. General Partnership E. Any of the above will do. Assume the same facts as in Paragraph 1, above. Mick is now joined by Keith, Bill, and Charlie, all of whom share Mick's affinity for felines and his aversion to entity level taxation. They intend to establish a lavish store for people to bring their cats for cat play-dates. As a group, they are indifferent to formality. Which of the following entities would you recommend that the group use? Select the best answer from among the following choices: A. S Corporation, C Corporation, or LLC B. S Corporation, General Partnership, or LLC C. S Corporation. Sole Proprietorship, or LLC D. Delaware C Corporation E. Only a General Partnership will satisfy the needs of the group Without regard to any advice you may have provided. Mick and the boys determine to form a Mary-land corporation. Which of the following information must be included in the company's articles of incorporation? Select the best answer A. The name of the corporation. B. The name and address of the corporation's resident agent C. A description of the corporation's stock. D. Only the name of the corporation, the address of the corporation, a statement of the corporation's purpose, and a description of the corporation's stock. E. Each of A, B, and C and certain other information. Without regard to any advice you may have provided, Mick and the boys determine to form a Maryland corporation. The group desires to use the name "Paw Playhouse". Which of the following is true?Select the best answer A. The name "Paw Playhouse, Inc.", "Paw Playhouse Corporation", and "Paw Playhouse. Incorporated" would satisfy Maryland Corporations and Association Code requirements for names of corporations, but the name "Paw Playhouse Partnership" would not. B. The names "Paw Playhouse Corporation" and "Paw Playhouse, Incorporated" would satisfy Maryland Corporations and Association Code requirements for names of corporations, but the name "Paw Playhouse. Inc." would not C- The name "Paw Playhouse. LP" would satisfy Maryland Corporations and Association Code requirements for names of corporations. D. Only the name "Paw Playhouse Corporation" would satisfy Maryland Corporations and Association Code requirements for names of corporations. The dryland Code does not allow for abbreviations or other designations because they "My to confuse the public
