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Which filing gives corporation the right to conduct business

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Reference no: EM132943395

Problem 1: For which circumstance may an individual be personally liable for actions of a limited liability company (llc)?

a. Member personally guarantees a business loan

b. Member manages daily activities of the llc

c. Customers sues LLC for negligence

d. LLC is taxed as a C corporation

Problem 2: Who are the owners of a corporation?

a. Partners

b. Directors

c. Shareholders

d. Members

Problem 3: A corporation wants to conduct business in a state other than the state of its formation. Which filing gives the corporation the right to conduct business in a state other than the state of its formation?

a. Certificate of formation

b. Articles of organization

c. Articles of incorporation

d. Certificate of authority

Reference no: EM132943395

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