Question

kiersten and her four siblings are starting their own home design business. one of their primary goals is keeping the loving relationship they currently enjoy, so they are following the model business corporation act recommendations as they write their partnership agreement. which of the following is an accurate recommendation of the act?

Answer 1

The  Model Business Corporation Act accurate recommendation is there should be discussion and well understood ways that the partners will handle disagreements.

The Model Business Corporation Act contains comprehensive series of law and provisions about ways of doing business as a corporation.

• Let understand that there are options to this question and it is attached as image below.

The Model Business Corporation Act contains the followings:

• The Act states the steps involved in forming a corporation, limited liability.
• Its outlines the exceptions to the concept of limited liability
• Its makes provision on corporate management structure.
• Its talks about voting and shareholders' rights.

In conclusion, the option which accurately describe the recommendation of the act is Option D.

Learn more about the Act here

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