28. Otto is considering forms of business organization for Pro Tree Service, his

Question

28. Otto is considering forms of business organization for Pro Tree Service, his landscaping firm. Like most states, Otto's state requires that to form a limited liabil ity company, he must file with a central state agency a. articles of incorporation. b. bylaws e. articles of organization. d. a partnership agreement. moter of a new corporation called Howdy's Haberdashery, but he 29. Drew is a pro needs to raise capital. Before the business in incorporated, Drew sells subscription agreements at par value. This means a. the value of the shares is arbitrarily set by Drew b. the value of the shares is based on the future market share of the corporation. c. the value of the shares is based on the amount of money in Drew's persona d. the value of the shares is based on the amount of money Drew owes his creditors 0. Ali and Alecia are promoters of a new u-pick farm named AA-Apples. Befor savings account. corporating, Ali and Alecia draft a document that explains the rights

Explanation / Answer

Answer to que 29)

Option D) the value of share is based on the amount of money drew owes his creditor.

As par value means minimum amount which should be have paid to creditors so that creditors can assured their security,

So in our question option d is correct

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