WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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cartel
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corporation
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trust
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monopoly
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Detailed explanation-1: -A limited liability company is thus formed by the personification of the shareholders. The property is not that of the shareholders but its own property and its assets and liabilities are different from that of its members.
Detailed explanation-2: -Limited Liability Partnership (LLP) It is a separate legal entity, having a distinct entity of its own separate from its members.
Detailed explanation-3: -A company is a separate legal entity, It is a separate entity from its members, directors, promoters, etc. The partners have Unlimited Liability in all the matters relating to Partnership Firm. The Shareholders and promoters have Limited liability to Capital of the company.
Detailed explanation-4: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable.
Detailed explanation-5: -Concept of “limited liability partnership" It is capable of entering into contracts and holding property in its own name. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.