Asked by Darian Appelt on May 18, 2024
Verified
Ensure Care LLC's owners are Fez and Guan. As a limited liability company, Ensure Care enters into contracts
A) as an aggregate of its owners.
B) only through its owners
C) as a legal entity apart from its owners.
D) only in conjunction with its owners.
Legal Entity
An organization or structure that is recognized by law as capable of legal rights and obligations, such as a corporation or partnership.
Aggregate
A total or sum, often used in contexts involving the collection of different items or amounts into a single whole.
Contracts
Legally binding agreements between two or more parties that are enforceable by law.
- Acquire an understanding of the essential principles and legal bases for diverse business formations, including limited liability companies (LLCs), corporations, partnerships, joint ventures, and syndicates.
Verified Answer
RD
Roxane DreyerMay 19, 2024
Final Answer :
C
Explanation :
Limited liability companies (LLCs) like Ensure Care LLC can enter into contracts as a separate legal entity, distinct from their owners. This means the company itself, rather than the owners personally, is party to the contracts.
Learning Objectives
- Acquire an understanding of the essential principles and legal bases for diverse business formations, including limited liability companies (LLCs), corporations, partnerships, joint ventures, and syndicates.
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