Answer:
unlimited personal liability
Explanation:
This means that creditors of the business and individuals who have other claims against the owner can reach BOTH the owner's BUSINESS and PERSONAL ASSETS.
The more kids then the more help they got with work. Plus there wasn't any protection back then as we have now
Answer:
Broker Nick could hae been sited because his broker license may have expired and the ficticious name with it.
Explanation:
All right, first of all. Licenses expire, so in this case, even when a fictitious name is allowed to be associated with a broker account well it needs to be renewed because if not. The operations won't have the proper rights to operate. It is like a driver's license. You need to renew it, otherwise, you are not allowed to perform the activities associated with it. That is the reason to check periodically if the license is still available to perform the related tasks.
Answer: the correct answer is A. a close corporation
Explanation:
A closed corporation is a company whose shares are held by a select few individuals ( in this case, the members of the same family) who are usually closely associated with the business.
