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Which of the following best describes the benefits of forming a Limited Liability Company? Chloe and Cam are in the process of starting a landscaping
Which of the following best describes the benefits of forming a Limited Liability Company? Chloe and Cam are in the process of starting a landscaping business and are discussing management rights for each of them. They agree to share in the management rights and signed an agreement solidifying these rights. Arielle is excited about running her own business and is in the process of filing income taxes for the past fiscal year. Arielle is taxed at the individual level for her business. O Dumont, an accountant for a winery, just finished the yearly books for the company. He made note of the taxes the shareholders have to pay, along with the taxes the company had to pay as well. O Boris is facing a suit from a customer at his auto repair shop. The customer is seeking damages for her injury on the premises. Boris himself does NOT face any direct liability on behalf of the company. Egbert and Elroy enter into a business relationship with each other for a new tech streaming service. Egbert retained unlimited responsibility for any claims that arise. Elroy has limited rights within the new company. Rix is a con-artist in New York, New York. He has maxed out all of his credit cards but wants additional credit so he can participate in a new business venture. In desperate need of a new business venture, he tells New York State Bank that he is partners with Sidney James. Sidney James knew Rix was falsely portraying himself as a partner. Sidney James did not do anything about it because the firm figured no one would believe Rix. What type of partnership is this? O Partnership by Implied Agreement Partnership by Estoppel Partnership by Express Agreement Partnership by Implied Agreement Partnership by Estoppel O Partnership by Express Agreement O Partnership by Implied Agreement AND Partnership by Estoppel O Though Sidney James knew of Rix falsely portraying himself to be a partner, he never created a partnership. Therefore, no partnership or partnership-like relationship or status existed. What best describes Margarita Fuentes' argument in Fuentes v. Shevin? 2.5 pts Fuentes argued that the sales tactics of Firestone violated the Consumer Protection Act. Fuentes argued that the seizure of her stove and stereo was a violation of the Privileges and Immunities Clause because she made timely payments on the installment contract. O Fuentes argued that the seizure violated the Americans with Disabilities Act due to the actions by Firestone. O Fuentes argued that Florida state law requires appropriate search and seizure by U.S. agents of property located outside the United States. O Fuentes argued that the state's enforcement of Florida's pre-judgment seizure (replevin) statute violated her procedural due process rights
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