Question

Allison is going to create a lawn service business. Allison would like to limit her liability by creating a subchapter "S" corporation. She does not know if the state she lives in allows for a single shareholder corporation. Where should Allison look to find the answer to her question?

A. State statutes
B. Federal statutes
C. US Code of Federal Regulations
D. Local ordinances

Answer 1

A. State statutes

Step-by-step explanation:

Hello! The correct answer is option A, the state statutes are legal norms that impose rules of conduct in certain territorial areas or in relation to specific activities. For example, there are the state statutes of the workers or the merchants, as is the case of Allison.

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