Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Integrated is

In a limited partnership, limited partners do not have the same rights as general partners to participate in management.

In a limited liability company, the management may consist of members or nonmembers, but not both.

Data Analytics, LLC, is a limited liability company. Unless the articles of organization specify otherwise, it will most likely be assumed that the firm is

In most states, a limited liability company can have only a limited number of members.

For two years after a partner dissociates from a continuing partnership, the partnership may be bound by the acts of the dissociated partner.

Unlike most agents, each partner in a partnership has an ownership interest in the business.

Finn and Glenda want to form and do business as Hobby Crafts Corporation. This corporation will be recognized under the law as

A business that holds itself out as being a corporation may not be able to deny corporate status, even if it makes no attempt to incorporate.

In a manufacturing arrangement, a franchisor transmits to a franchisee the essential ingredients or formula to make a particular product.