Question: Select the FALSE statement concerning a Missouri LLC ? Voting rights and profits can be weighted differently. The entity veil can be pierced to hold

Select the FALSE statement concerning a Missouri LLC

?

Voting rights and profits can be weighted differently.

The entity veil can be pierced to hold a managing member personally liable for where the manager ignored restrictions in the articles or statutory formalities.

A one member LLC is allowed.

Foreign investors are prohibited.

A corporation can be a member of an LLC

.

Select the FALSE statement concerning a Missouri LLC? Voting rights and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

1. ABC Corporation substantially complies with all conditions precedent to incorporation. ABC Corporation has a. corporate existence by estoppel. b. de facto existence. c. de jure existence. d. ultra...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the deed to the land. Jamie took possession of the land and began building a cabin on it. One...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

BUSL250 INSOLVENCY RESTRUCTURING 1 Insolvency s95A : defines solvency - and a person that is not solvent will be insolvent Insolvent: when a company (person) is unable to pay its debts and as and...

1.Brenda runs a stop sign and crashes into Quinn's car, damaging it. As Quinn struggles to open the door, a truck rams into Quinn's car, pushing it into a ditch. Quinn's car is totaled and he suffers...

Brenda runs a stop sign and crashes into Quinn's car, damaging it. As Quinn struggles to open the door, a truck rams into Quinn's car, pushing it into a ditch. Quinn's car is totaled and he suffers...

Busiswa Gqulu aged 31, born in Mthatha, Eastern Cape, South Africa, is a South African singer-songwriter and poet. She has been in the house-production industry for several years and one of the...

For a number of years. the corporation has used the last-in. first-out (LIFO) method of accounting for its steel inventories. In periods of extended inflation. coupled with uncertain supplies of raw...

PERIOD END Which QuickBooks feature makes it quicker to access the reports you'll use most during your period- end reviews? Select an option, and then select Submit. Adding links in QuickBooks Online...

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...