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BA 302 Upper Iowa University Limited Liability Company Questions Discussion

BA 302 Upper Iowa University Limited Liability Company Questions Discussion

Question Description

I’m studying for my Business Law class and don’t understand how to answer this. Can you help me study?

Your initial response to a discussion question should not exceed 100 words. It is not necessary to include references to receive credit for your initial response. However, including references are often helpful for others and can help stimulate discussion so include them for that purpose when your initial response is shaped by one or more references.

DQ 1
Which entity form discussed in the readings this week attracts you the most and why?

DQ 2
Should LLCs have a legal maximum number of Members? If so, how many and why? If not, why should LLCs be permitted to have an unlimited numbers of Members when S Corporations cannot?

DQ 3
Which aspects of a proposed franchise agreement should a prospective franchisee be most concerned about? What types of provisions would be so onerous that you would advise the prospective franchisee to walk away from the deal?