Directors must be compensated for their services

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Reference no: EM13968942

An LLC must have at least two members that participate in management in order to lawfully do business. T or F

Because the LLC is a relatively new type of business entity, there are often fewer published court opinions addressing LLC issues. T or F

A limited partner risks personal liability when he or she actively participates in the management of partnership affairs. T or F

Stock that is issued and then repurchased by a corporation is watered stock. T or F

Article 2A of the Uniform Commercial Code governs the sale of securities. T or F

Directors must be compensated for their services. T or F

Reference no: EM13968942

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