Flashcards in Firm Types Deck (12):
For corporations, are all the stockholders, directors, and officers required to be licensed architects?
For corporations, is a certificate of autorization required by state?
For corporations, is a formal agreement required between the directors?
For corporations, is a business license required by a municipality?
Must articles of incorporation be filed with the state's secretary of state?
Yes. Corporations are governed at a state level.
For corporations, must duplicate filing be sent to the IRS?
Working at anothe place besides the primary job
An employer can best prohibit moonlighting by using what?
After leaving the firm, the employee cannot set up a competing business in the same geographical area, nor accept work from the previous employer's developers.
Does noncompete clause apply to current employees moolighting?
No, only to previous
Is it easy to raise a capital in sole proprietorship?
No, it depends on the owner's personal credit rating.