To form an llc - Study guides, Class notes & Summaries

AINS 103 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ Ava is Regional Manager for Goshen Mutual. She is looking over the past auto losses for Disposal Inc. She is tracking the experience of their drivers, the location of accidents, and the severity of the injury to their employees and the public. She is trying to determine the frequency and severity of the auto exposure for Disposal and to use the future models to suggest where Disposal alloca...

Minnesota Exam Prep Questions and Answers Rated A+ The state agency responsible for the business activities of Minnesota mortgage professionals Minnesota Department of Commerce Office that the Minnesota Dept of Commerce is located within Secretary of State With the passing of the SAFE Act DOC shares mortgage lending Licensing authority with whom? NMLS Who is the NMLS operated by State Regulatory Registry, LLC Who heads the DOC? Commissioner Regulates the activities of mort...

NASCLA Contractors Guide Exam Questions With Verified Answers When a business is purchased by a new owner, what happens in regards to the "EIN"? - answerA new EIN is required A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: - answerFlow-down clause What are the three key functions on a business plan? - answerPlanning Tool, Loan or Investor Document, Benchmarking tool A contractor's Business Plan does NOT inc...

Limited Liability Company (LLC) - correct answer Hybrid form of business enterprise that offers the limited liability of a corporation and the tax advantages of a partnership (owners are called members) who have played a key role in contributing to the company's tortious conduct - correct answer Penny McFarland was activities director at a retirement home in VA. Her supervisor told her to take patients out for a walk when it was 95 degrees and she complained and was fired. She sued managers ...

True T/F. Commercial General Liability can be written as monoline or multi-line/package. Named Insured, mailing address, term dates, limits, form of business & business description What is covered on a CGL declarations? Section I- Coverages Section II- Who Is An Insured Section III- Limits of Insurance Section IV- CGL Conditions Section V- Definitions What are the five sections on the CGL Coverage Form? Endorsements What are used to modify an existing coverage form? ...

CSLB Business To declare themselves a corporation, LLC or Limited Partnership in California, the principals must file formation documents with what agency? A. The division of corporations B. Secretary of State C. City Hall D. Contractors State License Board - correct answer B. Secretary of State How can three or four companies get one license to work together? - correct answer Joint venture If a project takes a few months to complete, what is the BEST way to assess the progress of the...

Lesson 1: Louisiana Insurance Regulation Latest Update Graded A Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance Code This topic is 24% of the 150 questions on the P&C Exam Key Terms: Producer Certificate of Authority Control...

Solution Manual for Foundations of Financial Management, 18th Edition by Stanley Block, Geoffrey Hirt, Bartley Danielsen Chapter 1 The Goals and Functions of Financial Management Discussion Questions 1-1 What effect did the recession of have on government regulation? It was greatly increased. 1-2 What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? A sole proprietorship offers the advantage of simplicity of decision making and low orga...

While it's invested, money grows by earning interest or yielding some other form of return. What is this known as? A) compound growth B) dividend C) capital gains D) security E) diversity correct answers compound growth The time it takes to double an investment can be estimated by using which of the following? A) book value B) the Rule of 72 C) blue-chips D) dividends E) market value correct answers the Rule of 72 Which of the following is the name for a portion of the ownership...

dentify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) Occurrence Form: - BI/PD must occur during the policy period - P/Adv committed during policy period - The policy in forc...