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Author Question: There are no warranties of habitability for condominium purchasers. Indicate whether the statement ... (Read 17 times)

lbcchick

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on: Jun 24, 2018
There are no warranties of habitability for condominium purchasers.
  Indicate whether the statement is true or false

Question 2

You are asked to provide two friends who are in business together with advice regarding what they need to do to legally in order to form a limited liability company. Although your friends like the general notion of limited liability in the operation of their business, they are totally unfamiliar with the legal processes for forming a LLC, so you need to provide them with the basic requirements for LLC creation. What specific advice would you give them?


kswal303

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

A limited liability company comes into existence only after articles of incorporation have been filed with the secretary of state. The articles must state the name, purpose, duration, registered agent, and principal office of the business. The name of the entity must include LLC or the words limited liability company.


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lbcchick

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Reply #2 on: Jun 24, 2018
Thank you


kswal303

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Reply #3 on: Jun 24, 2018
No problemo


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