Author Question: The Federal Deposit Insurance Corporation was established by the Banking Act of 1933 and insures ... (Read 119 times)

Mimi · **on:** Jul 14, 2018

The Federal Deposit Insurance Corporation was established by the Banking Act of 1933 and insures depositors against financial loss if a bank fails.

Indicate whether the statement is true or false

Question 2

Maurice has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Maurice needs a
A) partner.
B) wife.
C) merger.
D) limited-liability company.