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

Most states do not allow directors to participate in board of directors’ meetings from remote locations.

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

Joint venturers do not have the authority as agents to enter into contracts for the business that will bind the joint venture.

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.

Nina is a director of Outback Outfitters, Inc. Under the standard of due care owed by directors of a corporation, Nina’s decisions must be informed and

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

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

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