Please Help!!!!! Chapter 8

1)A partnership agreement should include: Options A. Legal name, capital contributions, and management B. Fictitious name, capital contributions, and management C. Expectations, ownership disinterest, and dissolution D. Supermajority, addition, departure, and removal of partners

2)Sally sells goat's milk as a sole proprietorship under the name "Sally's Goat's Milk." She unexpectedly passed on a large batch of contaminated milk and is personally liable for the damages. What could Sally have done to protect herself from these liabilities? Options A.Make an anonymous fictitious name B.Operate outside of the US C. Establish her business as a corporation D. Set up a partnership with an operating agreement

3)Almost all startups choose a legal form that allows a: OptionsA.Pass through tax structure B. Circular tax structure C. Pass the post tax structure D. Offshore tax structure

4)How can establishing a firm as a B Corp be attractive to some investors? OptionsA.The tax benefits of a charity are attractive C.Intestors can expect their investments to maximize profits D. None of the above

5)Launching your business during a recession OptionsA.Can save money on startup costs B.Increases startup costs C.Can help with sales D.is not in line with the New Entrepreneurial Dynamic

6)Experimenting witih multiple, unrelated spinoffs is usually beneficial to startups. TRUE or FALSE

7)The LLC is the required form for a publicly-traded firm. TRUE or FALSE