Answers

HB

Answered

For purposes of diversity-of-citizenship, where does a corporation reside?

A) The state of incorporation only.
B) Only the state in which the corporation has its principal place of business.
C) The state in which the corporation has its principal place of business and the state of incorporation.
D) Any state in which the corporation does business.
E) Any state in which the corporation has done business within the last five years.

On Jun 16, 2024


C
HB

Answered

A for-profit company with a socially beneficial purpose as its primary objective is called a  low-profit limited liability company (L3C).

On Jun 14, 2024


True