​A publicly held corporation is any corporation whose shares are publicly traded in a securities market.

If a dispute arises and the applicable limited liability company statute does not cover the issue, a court will most likely dismiss the case.

In winding up a general partnership, creditors are paid before partners receive their capital contributions.

Allen wants Wilderness Outfitters to join with him to form and do business as Canyon River Rafting Corporation. A corporation can be owned by

Allen wants Wilderness Outfitters to join with him to form and do business as Canyon River Rafting Corporation. A corporation can be owned by

Cathy buys an exclusive territory in which she is authorized to set up a plant to make Delite Dairy products. After receiving the recipes, Cathy begins making Evie’s-brand yogurt and other Delite products. This is

A de jure corporation is one that is formed for a single purpose.

Beth and Curt form Day-to-Day Care, Inc. Ultimate responsibility for policy decisions necessary to the management of corporate affairs rests with Day-to-Day’s

In a general partnership, the senior partner manages the partnership.

In a sole proprietorship, the proprietor shares the burden of any losses or liabilities incurred by the business enterprise with the government.