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Limited liability companies cannot enter into contracts or hold title to property.

Quisa and Reilly are partners in Sport Bikes, which rents and sells bikes, bike accessories, and related gear. Quisa manages the business. Unless the partnership agreement states otherwise, Quisa is

Quisa and Reilly are partners in Sport Bikes, which rents and sells bikes, bike accessories, and related gear. Quisa manages the business. Unless the partnership agreement states otherwise, Quisa is

The date when the principal of a bond is returned to the investor is the maturity date.

Many states permit a corporate board to have fewer than three directors.

The date when the principal of a bond is returned to the investor is the maturity date.

Nina, the owner of Organic Farm, a sole proprietorship, wants to obtain additional capital to operate. This can be accomplished by

Nina, the owner of Organic Farm, a sole proprietorship, wants to obtain additional capital to operate. This can be accomplished by

Limits on a partner’s authority normally are effective only with respect to third parties who are notified of the limitation.​

A corporate director “owns” the corporation.