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Homework answers / question archive / Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki

Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki

Business

Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki. Paxton runs a corporation that makes sails and wants to make his investment in the name of his company, Quick Sails Inc. Daiki, a French citizen living in Tahiti, wants to invest under his personal name. Which of the following statements is true?

 

  a.

Only Paxton can invest, not Daiki.

 
  b.

Only Daiki can invest, not Paxton.

 
  c.

Both Paxton and Daiki can invest.

 
  d.

Neither Paxton nor Daiki can invest.

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